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On August 14, 2013, Pinnacle bought Ameristar Casinos for $869 million plus $1.9 billion in assumed debt, [14] [15] adding nine properties in Colorado, Indiana, Iowa, Missouri, Mississippi and Northern Nevada. To gain FTC approval for the merger, Pinnacle agreed to sell its Lumiere Place property and Ameristar's under-construction casino in ...
The property had been owned by Ameristar Casinos until the company was acquired by Pinnacle Entertainment in 2013. Pinnacle was then acquired by Pennsylvania-based Penn National Gaming (now Penn Entertainment) in 2018. It is the only casino in Council Bluffs out of the three that is still on a riverboat. Harrah's scrapped theirs and moved the ...
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
Ameristar's properties in Kansas City and St. Charles, Missouri, and Black Hawk, Colorado, benefitted from casino-related regulatory reform approved by voters in 2008–09. In Missouri, voters repealed the state's loss limit, which had capped players' purchases of table game chips and slot machine credits at $500 every two hours.
A developer of two new 42-unit apartment buildings requests an extension with the city of Des Moines after planning a 2023 completion date.
Pinnacle Entertainment acquired Ameristar Casinos in 2013. [17] In 2016, Gaming and Leisure Properties bought most of Pinnacle's real estate assets, including Ameristar Black Hawk, in a leaseback transaction. [18] [19] In 2018, Penn National Gaming (now Penn Entertainment) acquired the property's operations as part of its acquisition of Pinnacle.
In 2013, Ameristar Casinos was acquired by Pinnacle Entertainment. Pinnacle Entertainment was acquired by Penn National Gaming in 2018, but it chose to sell 4 of Pinnacle's properties, Ameristar Casino Kansas City, Belterra Casino Resort & Spa, Belterra Park and Ameristar St. Charles to Boyd Gaming to ensure regulatory approval. Many experts ...
Pinnacle Atlantic City was a holding company for a planned casino resort which was to be located on the site of the former Sands Atlantic City. The property was purchased from investor Carl Icahn . After the property was bought, Pinnacle gave 60 days' notice to employees of the casino.