Good morning. This is John Bridges in the KPLC 7 Newsroom.
Pinnacle Entertainment is buying Ameristar Casinos for about $869 million, plus taking on its $1.9 billion in debt.
Pinnacle's Director of Media Relations and Public Affairs Kerry Andersen confirms the Ameristar Casino project currently underway in Lake Charles will move forward. "The acquisition allows us to leverage ownership of the two properties to create a terrific, integrated full-service casino resort complex to further promote Lake Charles as a gaming destination," said Anderson.
The Ameristar project is being located adjacent to the L'Auberge Casino Resort, owned by Pinnacle.
For more on this story, go to http://www.kplctv.com/story/20401320/pinnacle-to-buy-ameristar-casinos-for-about-869m