Tag Archives: Pinnacle Entertainment
- Penn National Gaming, Pinnacle Entertainment merger rumors
October 6, 2017
The US regional casino market appears set for further consolidation after rumors spread that Penn National Gaming (PNG) and Pinnacle Entertainment were discussing a potential merger. On Thursday, the Wall Street Journal reported that PNG and Pinnacle had been holding “on-again, off-again discussions” about a deal, citing sources close to...
- Pinnacle Ent’s $138m deal for Meadows casino; second Philly license challenged
March 31, 2016
Pennsylvania’s casino market welcomed a new operator this week while pumping the brakes on another operator’s plans to enter the market. Starting with the positive news, Nevada-based Pinnacle Entertainment Inc. announced a deal on Tuesday to take over operation of The Meadows Racetrack and Casino in Washington County. The property...
- Gaming and Leisure acquires Pinnacle’s Real Estate Assets for $4.75b
July 21, 2015
Gaming and Leisure Properties Inc. (GLPI) has announced an agreement to acquire all of the real estate assets of casino operator Pinnacle Entertainment in a $4.75b all-stock deal. Under the deal, which was approved by both companies' boards of directors, Pinnacle's operating business and the real property of Belterra Park...
- Gaming and Leisure increases bid for Pinnacle’s real estate assets
July 8, 2015
Gaming and Leisure Properties Inc. (GLPI), which leases real estate to casino operators, raised its offer for Pinnacle Entertainment Inc.’s real estate assets to $5 billion. Under the terms of the new offer, which it called its final effort, GLPI values all of Pinnacle at $47.50 per share, a 54%...
- Pinnacle confirms talks with Gaming and Leisure Properties over possible Real Estate Assets sale
May 7, 2015
Casino operator Pinnacle Entertainment confirmed Monday that it is in talks to sell its real estate assets to Gaming and Leisure Properties Inc. (GLPI). Pinnacle also said in a statement that it is looking into maximizing value for shareholders though no assurances could be made that the talks would produce...
- Pinnacle Shareholders Get a Huge Break, They Should Take GLPI’s “Hostile” Offer
April 7, 2015
Pinnacle shareholders got saved by Gaming and Leisure Properties (GLPI) last month. Penn’s spinoff REIT got a little aggressive in March when it went directly to Pinnacle shareholders and offered them $36 a share for Pinnacle’s real estate assets, including its debt. This, after it claimed that Pinnacle’s board has...
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