WEEKLY FEATURE: Penn National Completes Pinnacle Deal

With the approval of 14 state regulators and the Federal Trade Commission, Penn National Gaming finalized its $2.8 billion acquisition of 12 Pinnacle Entertainment casinos. Boyd Gaming acquired four Pinnacle casinos to avoid federal trust issues. Penn National now operates 40 casinos and racetracks in 18 states and employs more than 30,000 people. Only Penn’s purchase of Margaritaville (l.) in Bossier City, Louisiana is still outstanding.