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Tagged: Pinnacle Entertainment

Gaming merger
8:48 am
Fri December 21, 2012

Pinnacle To Purchase Ameristar

Credit (via Flickr/IanMurphy)
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Two gaming companies with properties in the St. Louis area are about to become one.

Pinnacle Entertainment, which owns the Lumiere and River City casinos, announced Friday morning that it’s purchasing Ameristar Casinos. Ameristar has eight properties across the United States, including in St. Charles and Kansas City.

The deal is worth about $3 billion, and has the approval of the boards of directors of both companies. It means that Pinnacle will own three of the six casinos in the bi-state region.

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Pinnacle donations
9:48 pm
Tue December 11, 2012

Pinnacle To Donate More Than $11 Million For Downtown Projects

Credit Courtesy CityArchRiver
Pinnacle Entertainment, which operates the Lumiere Casino in downtown, will make more than $11 million in donations for several downton projects, including CityArchRiver
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Pinnacle Entertainment, the company that operates the Lumiere casino on Laclede's Landing, has announced plans to invest more than $11 million in several non-profit projects in downtown St. Louis.

The donations help the company fulfill part of its redevelopment agreement with the city, which was first drafted in 2004 and called for $50 million in investments by this December. They include:

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