Pinnacle reaches deal to sell Atlantic City, N.J., property

03/7/2013 | Las Vegas Sun

Pinnacle Entertainment said in a filing with the U.S. Securities and Exchange Commission that it is selling its oceanfront property in Atlantic City, N.J., to an unidentified buyer. "During the fourth quarter of 2012, we entered into a definitive agreement to sell our land holdings in Atlantic City for total consideration of approximately $30.6 million, subject to a financing contingency. The transaction is expected to close by the end of the first quarter of 2013," Pinnacle wrote in the filing.

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