Microgaming Casino

New promotions from Casino Rewards Casinos : Zodiac Casino & Mobile Luxury Casino

Pinnacle Purchase President Casino

News from online gambling sites, landbased casinos, industry developments and internet betting stories.
User avatar
Site Admin
Posts: 215
Joined: Fri Jun 16, 2017 11:00 am
Has thanked: 2 times

Pinnacle Purchase President Casino

Postby Admin » Sun Aug 06, 2017 8:28 am

Pinnacle entertainment announced that it has gained approval for its new casino purchase.

Pinnacle Entertainment, Inc. announced that it has gained approval for its purchase of the President Casino St. Louis Riverfront in United States Bankruptcy Court for the Eastern District of Missouri in St. Louis.

Pinnacle previously announced that it had entered into an agreement with President Casinos, Inc. to purchase all of the outstanding capital stock of President Riverboat Casino-Missouri, Inc., which does business as President Casino St. Louis Riverfront, for approximately $31.5 million.

The approval of this purchase agreement by the U.S. Bankruptcy Court will also require licensing approval by the Missouri Gaming Commission and final approval of the debtors' bankruptcy plan by the court.

The purchase agreement between Pinnacle and President Casinos is expected to close in the second half of 2006.

Return to “Online Gambling News”

Who is online

Users browsing this forum: No registered users and 1 guest