FTC Opposing Casino Merger, Cites Missouri Impact

The Federal Trade Commission says it will try to block Pinnacle Entertainment’s bid to buy Ameristar Casinos because a merger of the Las Vegas-based rivals would reduce competition and hurt consumers in both Missouri and Louisiana. The deal would give Pinnacle control of three of the St. Louis area’s six casinos and nearly 60 percent of the $1 billion gambling market. Including the Ameristar casino in Kansas City, the deal also would make Pinnacle the biggest player in Missouri gaming, with four of the six largest casinos.

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