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US: Nevada regulators OK casino’s $2.8B buyout of rival

By  |  May 2, 2013
US: Nevada regulators OK casino’s $2.8B buyout of rival

Gaming regulators in Nevada have approved for Pinnacle Entertainment, Inc. to acquire one of its biggest competitors. The transaction, which values $2.8 billion, will see Ameristar Casinos, Inc. bought-out by the entertainment company if federal regulators agree to approve of the deal. According to reports, the state regulator, the Nevada State Gaming Control Board Gaming Commission, needed just 45 minutes of deliberation before giving the deal the go-ahead. Under terms of the deal Pinnacle would more than double its size.

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