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Penn National Gaming agrees $2.8bn deal to acquire Pinnacle Entertainment

19th December 2017 5:34 am GMT

Penn National Gaming has entered into a definitive agreement to acquire rival regional casino operator Pinnacle Entertainment in a deal valued at approximately US$2.8bn.

Pinnacle owns and operates 16 gaming and entertainment facilities in 11 jurisdictions across the US, including Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio and Pennsylvania.

Following the acquisition of Pinnacle and the planned divestiture of four of its properties to Boyd Gaming Corporation, Penn National will have significantly greater operational and geographic [...]

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