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March 13, 2006

Pinnacle Buys Aztar

Posted by detroit1051

Pinnacle Entertainment (PNK) will buy Aztar (AZR) for about $1.45 Billion in cash plus debt. Overall, the deal will be $2.1 Billion.
Pinnacle To Acquire Aztar

Dan Lee exuded confidence and competence in the conference call. This will be a great deal especially with Dan Lee's commitment to redevelop the entire 34 acres on which the Las Vegas Tropicana sits.

The conference call is well worth listening to at:
Pinnacle Entertainment Conference Call of March 13, 2006


Categories: Business of Gaming