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Pinnacle's plan to buy Ameristar OK by La.

3 years 6 months 5 days ago July 18, 2013 Jul 18, 2013 Thursday, July 18 2013 July 18, 2013 5:00 PM in News
Source: Associated Press

BATON ROUGE - The Louisiana Gaming Control Board has approved Pinnacle Entertainment's plan to buy Ameristar Casinos Inc., which owns Louisiana's last casino license and is building a $500 million development in Lake Charles.

Pinnacle owns the neighboring L'Auberge Casino Resort. It plans to sell the Ameristar site.

Spokesman Kerry Andersen says in a news release that Pinnacle still needs approval from the Missouri Gaming Commission, which is scheduled to consider the matter next week.

Ameristar's holdings include casinos in Missouri, Iowa, Colorado, Mississippi, Indiana and Nevada.

Pinnacle has casinos in Louisiana, Missouri and Indiana. It has said that in Missouri, it plans to sell its Lumiere Place Casino, HoteLumiere and the Four Seasons Hotel in St. Louis.

Pinnacle said in June that it had reached an agreement in principal with federal regulators.

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