© 2022 St. Louis Public Radio
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Missouri Gaming Commission Approves Pinnacle Purchase Of Ameristar

roulettewheelFlickrHakan_Dahlstrom.jpg
(via Flickr/Hakan Dahlstrom)
/

Gaming regulators in Missouri have approved Pinnacle Entertainment's $2.8 billion purchase of Ameristar Casinos, clearing one of the final hurdles in the acquisition.

The Missouri Gaming Commission voted 4-0 in favor of the deal Wednesday. Missouri was the last state to approve. The Federal Trade Commission must still give the go-ahead. Pinnacle spokeswoman Kerry Andersen says the company hopes to complete the transaction in August.

The FTC raised concerns in May that the buyout could diminish competition in the Missouri and Louisiana markets. Pinnacle agreed to sell its Lumiere Place casino and two hotels in downtown St. Louis, and an Ameristar complex in Lake Charles, La.

Pinnacle owns seven U.S. casinos in Louisiana, Missouri and Indiana. Ameristar has eight U.S. casinos six states.

Send questions and comments about this story to feedback@stlpublicradio.org.