American casino operator Penn National Gaming has announced it will acquire Pinnacle Entertainment in a $2.8bn deal. Pinnacle shareholders will see each share invested in the operator of 16 US gaming and entertainment facilities, earn $20 and 0.42 shares of PNG common stock. “By combining our highly complementary portfolios and similar operating philosophies, we [ ] The post Penn National acquires Pinnacle appeared first on iGaming Times.
https://www.igamingtimes.com/2018/01/24/penn-acquires-pinnacle/
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