FTC challenges Pinnacle-Ameristar merger

05/30/2013 | Las Vegas Review-Journal · Bloomberg

The Federal Trade Commission said a merger between Pinnacle Entertainment and Ameristar Casinos would violate U.S. antitrust law, citing reduced competition in St. Louis and in Lake Charles, La. "We continue to believe that the merger of these two gaming entertainment property portfolios would not have any adverse effect on competition in any of the geographies in which the combined company would operate," Pinnacle CEO Anthony Sanfilippo said. Pinnacle has offered $2.8 billion to acquire Ameristar.

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Las Vegas Review-Journal · Bloomberg

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