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Stock Market & Financial Investment News

News Breaks
December 21, 2012
10:33 EDTPNK, ASCAPinnacle Entertainment climbs after buying rival casino operator
Casino operator Pinnacle Entertainment (PNK) is climbing after the company agreed to buy another casino operator, Ameristar Casinos (ASCA), for $26.50 per share, or $2.8B. Both companies have casinos in the South and Midwest. Ameristar also has a casino in Jackpot, Nevada. In mid-morning trading, Pinnacle shares rose $1.90, or 14.27%, to $15.26, while Ameristar surged $4.08, or 18.49%, to $26.15.
News For PNK;ASCA From The Last 14 Days
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July 11, 2014
08:04 EDTPNKPinnacle Entertainment sees unusual expense items of $8M-$10M in Q2
Pinnacle Entertainment expects Q2 consolidated adjusted EBITDA and income from continuing operations to include unusual expense items that aggregate to a range of $8M-$10M. The unusual expense items relate to the rollout out of the company's mychoice player loyalty program at its Ameristar branded properties, Colorado lobbying expenses, and severance expense.

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