Following a public comment period, the Federal Trade Commission has approved a final order settling charges that casino operator Penn National Gaming, Inc.’s $2.8 billion agreement to acquire Pinnacle Entertainment, Inc. likely would be anticompetitive. According to the complaint, which was first announced in October 2018, the proposed acquisition would harm competition for casino services—namely, slots […]
Tag Archives: Entertainment Bureau of Competition Competition Merger Horizontal
FTC Requires Casino Operators Penn National Gaming, Inc. and Pinnacle Entertainment, Inc. to Divest Assets in Three Midwestern Cities as a Condition of Merger
The Federal Trade Commission will require casino operators Penn National Gaming, Inc. and Pinnacle Entertainment, Inc. to divest casino-related assets in three Midwestern cities. The settlement resolves charges that Penn’s $2.8 billion agreement to acquire Pinnacle likely would be anticompetitive. The services at issue The complaint alleges that the proposed acquisition would harm competition for casino services […]
FTC Approves Pinnacle Entertainment, Inc.’s Application to Divest Ameristar Casinos, Inc.’s Assets in Lake Charles, Louisiana to GNLC Holdings, Inc.
Following a public comment period, the Federal Trade Commission has approved an application by Pinnacle Entertainment, Inc. to divest all of the assets associated with Ameristar Casinos, Inc.’s casino and hotel project under construction in Lake Charles, Louisiana to GNLC Holdings, Inc., the parent company of Landry’s Inc., which owns the Golden Nugget casinos and […]