M&A Deal Summary

Pinnacle Entertainment Acquires BoomTown

On June 30, 1997, Pinnacle Entertainment acquired internet software and services company BoomTown

Acquisition Highlights
  • This is Pinnacle Entertainment’s 1st transaction in the Internet Software and Services sector.
  • This is Pinnacle Entertainment’s 1st transaction in the United States.
  • This is Pinnacle Entertainment’s 1st transaction in South Carolina.
Investment Fate
  • BoomTown was sold to a consortium of financial buyers in 2014.
  • BoomTown was sold to a strategic buyer in 2023.

M&A Deal Summary
Date 1997-06-30
Target BoomTown
Sector Internet Software and Services
Buyer(s) Pinnacle Entertainment
Deal Type Add-on Acquisition

Target

BoomTown

Charleston, South Carolina, United States
website
BoomTown is a web-based software company that offers a robust online marketing system for real estate professionals. BoomTown was founded in 2006 and is based in Charleston, South Carolina.

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Buyer(S) 1

Buyer

Pinnacle Entertainment

Las Vegas, Nevada, United States

website

Category Company
Founded 1938
Sector Gaming
Employees14,738
Revenue 2.4B USD (2016)
DESCRIPTION
Pinnacle Entertainment's headquarters in Las Vegas, Nevada.
Pinnacle Entertainment's headquarters in Las Vegas, Nevada.

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.

DEAL STATS #
Overall 1 of 4
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (South Carolina) 1 of 1
Country (United States) 1 of 4
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-15 Federated Sports & Gaming

Washington, District of Columbia, United States

Federated Sports & Gaming, Inc. is a provider of online media entertainment news.

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