Colorado Approves Penn National-Pinnacle Deal

The Colorado Division of Gaming recently became the 13th regulatory agency to approve Penn National Gaming's purchase of Pinnacle Entertainment for $2.8 billion. When the deal closes by year-end, Penn National will acquire Pinnacle's 12 casinos to become the largest regional gaming operator in the U.S. with 41 properties in 20 jurisdictions. Pinnacle owns the Ameristar casino (l.) in Black Hawk.