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FTC approves combination of Penn National Gaming and Pinnacle Entertainment

2nd October 2018 9:46 am GMT

The US Federal Trade Commission (FTC) has approved Penn National Gaming's acquisition of Pinnacle Entertainment, subject to divesture of four Pinnacle properties to Boyd Gaming.

The FTC said Monday that the combination of the two casino operators would likely distort competition in Missouri and Ohio by eliminating direct and substantial competition between the two operators.

"The ultimate effect of the acquisition would be to increase the likelihood that prices of casino services [...]

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