New high roller at the table, Penn buys Pinnacle for $2.8B

Las Vegas Sun Stories: Gaming
New high roller at the table, Penn buys Pinnacle for $2.8B
Pinnacle Entertainment is being snapped up by Penn National in a deal worth about $2.8 billion as the gaming industry seeks to diversify and cut costs at the same time. Penn National Gaming Inc. is spending $20 in cash for each share, and Pinnacle shareholders will ...
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