FTC, Nevada Approves Penn National-Pinnacle Deal

After issuing a second request for information in March, the Federal Trade Commission approved Penn Nation Gaming's $2.8 billion acquisition of Pinnacle Entertainment. The FTC had cited potential unfair competition issues, but agreed to the deal based on Boyd Gaming's $575 million acquisition of three Pinnacle casinos in Cincinnati, St. Louis and Kansas City. Nevada also gave its regulatory approval, where Penn owns M Resort (l.).