Tag Archives: Ameristar Casinos
- G2E Recap, Day 2: The State of The Gambling Industry
September 26, 2013
Day 2 of the Global Gaming Expo was highlighted by a keynote address on the state of the gambling industry, with a panel of chief executives moderated by Nevada journalist Jon Ralston. After a brief introduction by new American Gaming Association president Geoff Freeman, Ralston and the panel delved into...
- Investing The Hard Way: US Regionals Still Defying Gravity
August 26, 2013
I've made some pretty good calls in my time as a columnist for this site, but there is one group of casino stocks I've consistently gotten wrong: US regional operators. Over a year ago, I recommended selling the entire sector; earlier this year, I argued there was no reason to...
- Pinnacle completes Ameristar acquisition
August 15, 2013
Months of negotiations has finally led to this moment: Pinnacle Entertainment has officially completed its acquisition of Ameristar Casinos. The deal, which is worth $2.8 billion including assumed debt (Pinnacle paid $26.50 for each share of Ameristar stock), will add eight new properties to Pinnacle, including the Kansas City Ameristar,...
- Investing The Hard Way: Second Quarter Review
July 1, 2013
Blah. That's probably the best word to describe the second quarter for gambling stocks. As a whole, the sector – as measured by the Market Vectors Gaming ETF (BJK) – rose a little over two percent, modestly under performing the three percent gain seen in the broad market. In an echo of...
- Pinnacle clears way for Ameristar acquisition
June 18, 2013
American casino operator Pinnacle Entertainment has announced that it had reached a tentative agreement with the Federal Trade Commission regarding the former's planned $2.8 billion acquisition of regional gaming rival Ameristar Casinos Inc. This development comes weeks after the FTC blocked Pinnacle's acquisition of Ameristars Casinos largely because of anti-trust...
- Investing The Hard Way: The Legal Challenges Facing Gambling Stocks
June 10, 2013
“The first thing we do, let's kill all the lawyers.” - William Shakespeare, Henry VI One of the great ironies of the gambling industry is that it appears, at first glance, to be one of the simplest businesses known to man. The 'house' – whether a casino, racetrack, or sportsbook –...
Ask not where bitcoin will be tomorrow, but 10 years from now
September 19, 2017
Why the SEC really rejected the Bitcoin ETF
March 14, 2017