Pinnacle Entertainment Inc (PNK.N)
20.18USD
9:15pm IST
$-0.25 (-1.22%)
$20.43
$20.23
$20.25
$20.07
44,486
166,081
$21.19
$8.90
PNK.N
About
Overall
| Beta: | 1.86 |
| Market Cap (Mil.): | $1,192.74 |
| Shares Outstanding (Mil.): | 58.38 |
| Dividend: | -- |
| Yield (%): | -- |
Financials
Fitch: Pinnacle/Ameristar Merger Highlights Emerging Trends in Regional Gaming Markets
(The following statement was released by the rating agency) NEW YORK, March 22 (Fitch) The pending merger of Pinnacle Entertainment, Inc. and Ameristar Casinos, Inc. highlights trends in the regulatory and market environments in the gaming jurisdictions of Indiana, Louisiana, Missouri, Ohio and Texas, according to Fitch Ratings' new 'Eye in the Sky' series of reports. In particular, legislation related to potential state gaming expansion and any fallout related to recent anti-trust concerns
TEXT - Fitch affirms Pinnacle Entertainment 'B' rating
Dec 21 - Fitch Ratings has affirmed Pinnacle Entertainment, Inc's (Pinnacle) Issuer Default Rating (IDR) at 'B' following Pinnacle's announcement that it entered into an agreement to acquire Ameristar Casinos, Inc. (Ameristar) for $2.8 billion, including $1.9 billion of debt. Pinnacle's Rating Outlook remains Positive. See the full list of rating actions at the end of this release. The affirmation and Positive Outlook reflect the strong strategic rationale for the acquisition, increased geogr
TEXT - S&P may cut Ameristar Casinos Inc
Overview -- U.S. gaming operator Ameristar Casinos Inc. is being acquired by Pinnacle Entertainment Inc. for $2.8 billion. -- We are placing our 'BB-' corporate credit rating on both Ameristar and Pinnacle on CreditWatch with negative implications. -- In resolving the CreditWatch listing, we will monitor the companies' ability to address various closing conditions and receive the required regulatory approvals, and we will meet with management to discuss integration plans, nea
TEXT - S&P may cut Pinnacle Entertainment ratings
Overview -- U.S. gaming operator Pinnacle Entertainment Inc. announced it is acquiring Ameristar Casinos Inc. for $2.8 billion. -- We are placing our 'BB-' corporate credit rating on both Pinnacle and Ameristar on CreditWatch with negative implications. -- In resolving the CreditWatch listing, we will monitor the companies' ability to address various closing conditions and receive the required regulatory approvals, and we will meet with management to discuss integration plans,
Pinnacle to add eight casino-resorts with $869 million Ameristar buy
- Casino operator Pinnacle Entertainment Inc will acquire Ameristar Casinos Inc for about $869 million to expand mainly in the U.S. Midwest and South, sending Pinnacle's shares to their highest in more than three years.
UPDATE 2-Pinnacle to add eight casino-resorts with $869 mln Ameristar buy
* Pinnacle shares rise to highest in more than three years
BRIEF-Ameristar Casinos up 16.7 percent premarket; to be acquired by Pinnacle Entertainment
NEW YORK, Dec 21 - Ameristar Casinos Inc : * Up 16.7 percent to $25.75 in premarket; to be acquired by Pinnacle Entertainment for about $869 million
Pinnacle Entertainment to buy Ameristar Casinos for about $869 mln
Dec 21 - Casino operator Pinnacle Entertainment Inc will acquire peer Ameristar Casinos Inc for about $869 million.
Competitors
| Price | Change | |
|---|---|---|
| MGM Resorts International (MGM.N) | $14.95 | -0.13 |
| Penn National Gaming, Inc (PENN.OQ) | $56.76 | -0.13 |
| Boyd Gaming Corporation (BYD.N) | $12.80 | +0.29 |
| Isle of Capri Casinos (ISLE.OQ) | $7.75 | -0.14 |
| Lakes Entertainment, Inc. (LACO.OQ) | $3.54 | 0.00 |
Earnings vs. 
Estimates
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