🤑 Pinnacle Entertainment - Wikipedia

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Pinnacle Entertainment, Inc. is an owner, operator and developer of casinos and related hospitality and entertainment businesses. The Company operates.


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Pinnacle Entertainment, Inc. (Pinnacle), is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The Company.


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PINNACLE ENTERTAINMENT INC Industry Group Code: Ranks within this company's industry group: Sales: 13 Profits: 14 PIONEER CORPORATION.


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The Only Comprehensive Guide to the Entertainment & Media Industry Jack W. LUCASARTS ENTERTAINMENT COMPANY LLC Lumiere Place; PINNACLE.


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Pinnacle Entertainment, Inc. (Pinnacle), is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The Company.


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Pinnacle Entertainment, Inc., a Delaware corporation (the "Company"), is filing this letter to notify the U.S. Securities and Exchange Commission.


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PINNACLE ENTERTAINMENT INC Industry Group Code: Ranks within this company's industry group: Sales: 13 Profits: 14 PIONEER CORPORATION.


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LAS VEGAS, Aug. 14, (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc. (NYSE:PNK) ("Pinnacle" or the "Company") announced today.


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Pinnacle Entertainment, Inc., a Delaware corporation (the "Company"), is filing this letter to notify the U.S. Securities and Exchange Commission.


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The proceeds from the amended and restated senior secured credit facility, along with the proceeds from a recent 6. Formats available: Original Medium Small.

The acquisition is expected pinnacle entertainment co be immediately accretive to Pinnacle Entertainment's free pinnacle entertainment co flow and earnings per share.

We expect the merger to be immediately accretive to our earnings and free cash flow, and plan to use this enhanced free cash flow stream to repay debt and reduce our leverage. GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe via ATOM. In connection with the closing of the merger, certain employees of Ameristar Casinos, Inc. Sign up today for your free Reader Account! Register Sign In. Log in here. The potential dispositions described above remain subject to the approval of the FTC and gaming regulatory approvals and other customary closing conditions. Michelle Shriver was granted 40, options and 16, restricted stock units, Troy Stremming was granted 30, options and 12, restricted stock units, and Jack Mohn was granted 24, options and 10, restricted stock units. Carlos Ruisanchez, President and Chief Financial Officer of Pinnacle Entertainment, commented, "We are optimistic and excited about the benefits that this fortified platform will provide our combined Company, including lower risk through increased operational and financial diversification, as well as a lower cost of capital and benefits from synergies and efficiencies of scale. Email Print Friendly Share. The Company expects to complete the divestiture of the Ameristar Casino Lake Charles development project by the end of The Company is in advanced discussions with potential buyers of Lumiere Place Casino and Hotels, and expects to enter into a definitive agreement for its divestiture in the third quarter of There can be no assurance that an agreement will be entered into on attractive terms, or at all. Subscribe via RSS. Golden Nugget will complete the development project following the closing of the transaction. As a result of the transaction, the Company added eight properties and will operate a total of 16 properties in nine states, excluding the Ameristar Casino Lake Charles development project and Pinnacle's Lumiere Place Casino and Hotels which are potentially being divested as described below. The Company expects to use the proceeds from these planned divestitures to repay term loans and reduce leverage. The options vest over four years and have a seven-year term and the restricted stock units vest over four years. Pinnacle is well positioned for a bright future, offering an even more efficient Company with sustainable long-term value for our stakeholders. Pinnacle Entertainment, Inc. All statements included in this press release, other than historical information or statements of historical fact, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of and Section 21E of the Securities Exchange Act of These forward-looking statements, including statements regarding the Company's future cash flows and earnings per share; future growth; the execution or completion of the divestitures required by the Federal Trade Commission "Commission" in connection with the Ameristar acquisition; the ability of the Company to continue to meet its financial and other covenants governing its indebtedness; the ability of the Company to reduce its debt; the expected synergies and benefits of the combination of the Company and Ameristar, including the expected accretive effect of the merger on the Company's cash flow, profit, and other financial results; the anticipated benefits of geographic diversity that would result from the merger and the expected results of Ameristar's gaming properties, prospective performance and opportunities; are based on management's current expectations and are subject to risks, uncertainties and changes in circumstances that could significantly affect future results. Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors and uncertainties that could cause actual results to differ materially from those reflected by such statements. The Company has already entered into a definitive agreement to sell the Ameristar Casino Lake Charles development project to Golden Nugget. Already have an account? With a Reader Account, it's easy to send email directly to the contact for this release. Sanfilippo concluded, "We now move forward in a collaborative manner with a clear focus on achieving a seamless integration, maximizing the synergies between these two complementary asset portfolios, and unlocking the value that is created by this much larger Company.