In the US, the Federal Trade Commission has approved plans by Pinnacle Entertainment to sell a St Louis casino and Lake Charles, Louisiana, development project, allowing the operator to move forward with its $2.8bn acquisition of Ameristar Casinos.
Pinnacle hopes to close the purchase by the end of the month. With the FTC sign-off of the consent agreement package, the company has received all regulatory approvals needed to complete the transaction. Nevada gaming regulators signed off on the deal in May.
The FTC voted 4-0 to approve Pinnacle’s plan to avoid any antitrust violations in the company’s purchase of its regional gaming rival. Once the deal closes, Pinnacle will operate 16 casinos in nine states.
