Official: Ameristar acquisition strengthens, diversifies Pinnacle

01/20/2013 | American Press (Lake Charles, La.)

Officials of Pinnacle Entertainment, which is in the process of acquiring Ameristar Casinos, say the deal has helped the company become more financially stable because of Ameristar's expansive reach. "So, you put all that stuff together, our financial strength, the general economic conditions of the world are not great, but better, the financial health of our company is substantially better, solved for the diversification and the risk of having too much exposed in one market, solved for because of the Ameristar transaction," said Geno Iafrate, Pinnacle's executive vice president for Regional Operations.

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American Press (Lake Charles, La.)

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