Pinnacle Entertainment - M&A Summary, Ownership, and Business Overview

GamingCompany

Pinnacle Entertainment M&A Summary

Pinnacle Entertainment has acquired 4 companies of its own. It has also divested 1 asset.

Pinnacle Entertainment’s largest acquisition to date was in 2013, when it acquired Ameristar Casinos for $2.8B. Pinnacle Entertainment has acquired in 4 different US states. The Company’s most targeted sectors include internet software and services (50%) and leisure (25%).

Pinnacle Entertainment Ownership

Who owns Pinnacle Entertainment?

Pinnacle Entertainment is owned by PENN Entertainment. It was acquired on December 18, 2017.

Pinnacle Entertainment Business Overview

Where is Pinnacle Entertainment headquartered?

Pinnacle Entertainment is headquartered in Las Vegas, Nevada.

What is Pinnacle Entertainment’s revenue?

Pinnacle Entertainment disclosed revenue of 2,379M USD for 2016 and 2,291M USD for 2015.

How many employees does Pinnacle Entertainment have?

Pinnacle Entertainment has 14,738 employees.

What sector is Pinnacle Entertainment in?

Pinnacle Entertainment is a gaming company.

When was Pinnacle Entertainment founded?

Pinnacle Entertainment was founded in 1938.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

Pinnacle Entertainment, Inc.

3980 Howard Hughes Parkway,
Las Vegas, Nevada 89169
United States,
(702) 541-7785
www.pnkinc.com

Pinnacle Entertainment, Inc. is an owns and operator of casinos located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri and Nevada, and a racetrack in Ohio. Pinnacle Entertainment, Inc. was established in 1938 and is headquartered in Las Vegas, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $2.9B $2.9B
Sell (0.0/yr) # 1 - - - - - 1
  5

Most Recent M&A

Company Date Value Type
Pinnacle Entertainment, Inc. - Real Estate Assets 2016-04-28 - Divestiture
, United States
The Meadows Racetrack and Casino - Gaming Licenses & Operating Assets 2016-03-29 138M USD Divestiture
Washington, Pennsylvania
Ameristar Casinos, Inc. 2013-08-14 2.8B USD Add-on Acquisition
Las Vegas, Nevada · www.ameristarcasinos.com
Federated Sports & Gaming, Inc. 2012-06-15 - Add-on Acquisition
Washington, District of Columbia
BoomTown ROI LLC 1997-06-30 - Add-on Acquisition
Charleston, South Carolina · www.boomtownroi.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 2 (50%) - - -
Gaming 1 (25%) 138M (5%) - -
Leisure 1 (25%) 2.8B (95%) - -
Real Estate - - 1 (100%) -
Total 4 $2.9B 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 2.9B 1 -
  South Carolina 1 - - -
  Pennsylvania 1 138M - -
  Nevada 1 2.8B - -
  District of Columbia 1 - - -
Total 4 $2.9B 1 -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Morrison & Foerster
 1

Deal Values

buy # Total
> $1B 1 $2.8B
$100M to $1B 1 $138M
TOTAL $2.9B
Largest Ameristar Casinos, Inc.
$2.8B (2013-08-14)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Gaming

Revenue

2,379   4% 2016
2,291   4% 2015
2,210   49% 2014
1,487   49% 2013
1,002   2012
(millions of USD) Show More Show Less

Employees

14,738

Established

1938

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