M&A Deal Summary

Pinnacle Entertainment Acquires Ameristar Casinos

On August 14, 2013, Pinnacle Entertainment acquired leisure company Ameristar Casinos for 2.8B USD

Acquisition Highlights
  • This is Pinnacle Entertainment’s 1st transaction in the Leisure sector.
  • This is Pinnacle Entertainment’s largest (disclosed) transaction.
  • This is Pinnacle Entertainment’s 3rd transaction in the United States.
  • This is Pinnacle Entertainment’s 1st transaction in Nevada.

M&A Deal Summary
Date 2013-08-14
Target Ameristar Casinos
Sector Leisure
Buyer(s) Pinnacle Entertainment
Deal Type Add-on Acquisition
Deal Value 2.8B USD
Advisor(s) Lazard Ltd.
Centerview Partners (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Ameristar Casinos

Las Vegas, Nevada, United States
Ameristar Casinos, Inc. is a provider of casino services with 1600 slot and video machines, blackjack tables and live poker, along with dining and entertainment venues.

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Buyer(S) 1

Buyer

Pinnacle Entertainment

Las Vegas, Nevada, United States
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 3 of 4
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Nevada) 1 of 1
Country (United States) 3 of 4
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 The Meadows Racetrack and Casino - Gaming Licenses & Operating Assets

Washington, Pennsylvania, United States

The Meadows Racetrack and Casino - Gaming Licenses & Operating Assets owns and operates casinos and racetracks.

Buy $138M
Mergr

Product

Company

Legal