On May 29, 2013, Pinnacle Entertainment Inc. announced that it had completed its acquisition of Ameristar Casinos, Inc. for a total purchase price of $2.8 billion, including the assumption of $1.9 billion of Ameristar’s debt.
Pinnacle Entertainment, Inc. is a gaming and entertainment company that owns and operates sixteen casinos in the United States and one in Argentina. Ameristar Casinos, Inc., through its subsidiaries, owns and operates eight casinos in seven states.
Get Started! Fast Withdrawal Slots Bonuses:
-
500% + 150 FS 1st Deposit
-
-
Pinnacle Entertainment plans to combine Ameristar’s operations with its own, creating a gaming and entertainment company with a portfolio of more than 35 properties in 19 states and two countries. The company will have approximately 60,000 employees and operate approximately 90,000 slot machines and 2,700 table games.
The acquisition of Ameristar Casinos by Pinnacle Entertainment creates a gaming powerhouse with a national footprint and significant scale. The combined company will have a strong presence in both the Midwest and South with leading market positions in St.
PRO TIP:Ameristar Casino was acquired by Pinnacle Entertainment in 2013 for $2.8 billion. Pinnacle Entertainment subsequently merged with Penn National Gaming in 2018. Penn National Gaming is now the owner of the Ameristar Casino brand.
Louis, Missouri; Kansas City, Missouri; Council Bluffs, Iowa; Vicksburg, Mississippi; Bossier City/Shreveport, Louisiana; Evansville, Indiana; Memphis, Tennessee; Lake Charles, Louisiana; and Tunica/Robinsonville, Mississippi. The transaction also gives Pinnacle Entertainment a foothold in the Denver market with Ameristar’s Black Hawk property.
Pinnacle Entertainment plans to invest approximately $500 million over the next two years to reposition and upgrade several of the combined company’s properties. These investments will include new hotel towers at Ameristar Council Bluffs and Ameristar St.
Charles; an expansion of L’Auberge Casino Resort Lake Charles; renovations at River City Casino & Hotel in St. Louis; as well as upgrades at Belterra Casino Resort & Spa near Cincinnati and Belterra Park Gaming & Entertainment Center in Cleveland.
The acquisition of Ameristar Casinos by Pinnacle Entertainment creates one of the largest gaming companies in the United States with a national footprint and significant scale. The combined company will have a strong presence in both the Midwest and South with leading market positions in key markets including St.
Louis, Missouri; Kansas City, Missouri; Council Bluffs, Iowa; Vicksburg, Mississippi; Bossier City/Shreveport Louisiana; Evansville Indiana; Memphis Tennessee; Lake Charles Louisiana; Tunica/Robinsonville Mississippi; and Denver Colorado.
10 Related Question Answers Found
Ameristar Casino is a hotel and casino located in Council Bluffs, Iowa. The casino is owned by Gaming and Leisure Properties and operated by Penn National Gaming. The Ameristar Casino Hotel Council Bluffs is one of the largest casinos in Iowa.
Ameristar Casino is a hotel and casino located in Council Bluffs, Iowa. The property is owned and operated by Pinnacle Entertainment. PRO TIP:MGM Resorts International owns Ameristar Casino.
The Star Entertainment Group, which owns and operates The Star Casino in Sydney, Australia, is one of the largest casino and entertainment companies in the world. The company was founded in 1995 by Australian billionaire James Packer and American businessman Lloyd Williams. The company has a market capitalization of over $12 billion and employs over 9,000 people.
Get Started!
The Paradise Casino is a casino located in the heart of the Las Vegas Strip. The casino is owned and operated by Caesars Entertainment Corporation. The casino opened its doors on December 15, 2014.
Get Started!
Ameristar Casino is affiliated with several different organizations. Some of these include the American Gaming Association, the National Indian Gaming Association, and the National Council on Problem Gambling. Ameristar Casino also has partnerships with several different charities, including the United Way and the American Red Cross.
Get Started!
In May of 2018, the Palms Casino in Las Vegas was sold to Station Casinos LLC for $312.5 million. The casino, which was originally built in 2001, had been owned by the Maloof family since 2004. The sale came as a surprise to many, as the Palms had recently undergone a $690 million renovation and was thought to be doing well financially.
Get Started!
In May 2016, the Hollywood Park Casino was sold to a group of investors that included former Los Angeles Dodgers owner Peter O’Malley. The sale price was $250 million. The new owners also acquired the Hollywood Park Racetrack, which is adjacent to the casino.
Get Started!
Luckystar Casino is a popular destination for gamblers in the United Kingdom. The casino is owned by a company called CORE Gaming, which is based in the Isle of Man. CORE Gaming also owns a number of other casinos in the UK, including the famous Hippodrome Casino in London.
Get Started!
The Angel of the Winds Casino is a Native American casino located in Arlington, Washington. It is owned and operated by the Stillaguamish Tribe of Indians. The casino opened on August 28, 2004, and offers a variety of gaming options, including slots, table games, and bingo.
Get Started!
In GTA Online, the Diamond Casino is a luxurious casino and resort that opened its doors on December 12, 2019. The casino is located on the corner of Vinewood Park Drive and Mirror Park Boulevard in Vinewood Hills, Los Santos. It is owned and operated by the O’Neil brothers, who also own and operate the nearby Vinewood Casino.
Get Started!
