Pinnacle Entertainment to acquire 26% stake in Vietnam casino resort

05/27/2011 | Las Vegas Review-Journal

Las Vegas-based casino operator Pinnacle Entertainment surprised Wall Street Thursday by announcing it will invest $95 million for a 26% stake in the company building a resort casino 80 miles outside Ho Chi Minh City, Vietnam. "The investment provides Pinnacle with an entry into Asia, which has been a booming gaming market," said Morgan Joseph analyst Justin Sebastiano.

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