Pinnacle Expanding Casino Ownership In Missouri

Photo Courtesy of St.Louis Post-Dispatch

The ownership of several Missouri casinos is being consolidated as two Las Vegas-based gaming companies plan a multibillion-dollar merger.

Pinnacle Entertainment Inc. has agreed to acquire all the outstanding common shares of Ameristar Casinos Inc. for $26.50 per share in cash, or about $869 million. With the deal, Pinnacle, which owns the Lumière Place casino downtown and River City Casino in Lemay, will soon own Ameristar St. Charles, along with Ameristar’s seven other casino-resort properties, including those in St. Charles and Kansas City.

Read more in the St. Louis Business Journal

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