Pinnacle said it intends to sell Ameristar’s planned $580 million casino-hotel development project in Lake Charles and Pinnacle’s Lumiere Place Casino, HoteLumiere and the Four Seasons Hotel in St. If the consent order is reached with the FTC, Pinnacle could close the buyout of Ameristar by September and come away with a time period to sell the casinos. The FTC blocked the merger between the Las Vegas-based regional gaming giants, saying to could hurt competition in the Missouri and Louisiana casino markets. Louis casino and a western Louisiana hotel-casino development on the market Monday to eliminate any federal antitrust issues surrounding the company’s $2.8 billion buyout of Ameristar Casinos.Īn agreement with the Federal Trade Commission is still subject to the negotiation of a consent order, commission approval and regulatory gaming approvals, Pinnacle said in a statement. Pinnacle Entertainment put its downtown St.
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