Pinnacle Entertainment News

The Nevada Gaming Commission has approved Pinnacle Entertainment Inc.'s planned $2.8 billion acquisition of Ameristar Casinos, Pinnacle officials announced today.

L'Auberge Casino Resort Lake Charles, a Pinnacle Entertainment Property in Louisiana, Completes its More than $20 Million 754-room Renovation Project -- L'Auberge Casino Resort in Lake Charles, La., a Pinnacle Entertainment, Inc.

Lake Charles Mayor Randy Roach and SWLA Alliance President George Swift join L'Auberge Casino Resort Senior VP/General Manager Keith W. Henson and Pinnacle Entertainment Executive VP of Regional Operations Geno M. Iafrate along with members of the Chamber's Ribbon Cutting Committee in unveiling the resort's 754 newly renovated hotel rooms.

Every one of the six casinos in the St. Louis metro area reported decreased revenue last month compared with April 2012.

Callier's Catering and Callier's Home Plate Deli is celebrating 30 years in business.

Regional gaming operator Ameristar Casinos, Inc. said a decline in revenues and profits in the first quarter was due to economic factors and new competition in several markets.

They currently have a $20.00 price target on the stock, up from their previous price target of $19.00. A number of other analysts have also recently weighed in on PNK.

Other equities research analysts have also recently issued reports about the stock.

The firm currently has a "neutral" rating on the stock. Other equities research analysts have also recently issued reports about the stock.

Tropicana Entertainment LLC announced Wednesday it sold the River Palms Resort Casino in Laughlin to Reno-based M1 Gaming for $7 million.

The issue : The board considered licensing Australia-based Aristocrat Technologies as an interactive gaming equipment manufacturer.

The stockholders of Las Vegas-based Ameristar Casinos Inc. last week approved the company's planned acquisition by Pinnacle Entertainment.

Revenue at Pinnacle Entertainment's operations in St. Louis decreased by 4 percent to $96.3 million in the first quarter compared with a year ago.

A 24-hour truck stop with a casino may be returning to a spot along Interstate 80 just west of Reno near the Boomtown Casino and Hotel.

Pinnacle Entertainment, issued its quarterly earnings data on Wednesday. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.05, ARN reports.

Regional casino operators Boyd Gaming Corp. and Pinnacle Entertainment experienced double-digit increases in their average daily share price during April.

An archaeological dig just yards away from L'Auberge Casino is unearthing a 19th century "sugar house" on the historic Chatsworth Plantation.

In a report published Monday, ISI Group analyst Ian Weissman downgraded the rating on Pinnacle Entertainment from Buy to Neutral, but raised the price target from $17.00 to $20.00. In the report, Weissman noted, "Although nothing in the fundamental story has dramatically changed, our rationale for today's downgrade includes: a high bar for positive ... (more)

The firm currently has an "overweight" rating on the stock. Pinnacle Entertainment, traded down 0.62% on Tuesday, hitting $19.38. Pinnacle Entertainment, has a 1-year low of $8.89 and a 1-year high of $19.71. The stock's 50-day moving average is currently $16.04. The company's market cap is $1.131 billion.

The firm currently has a "buy" rating on the stock. PNK has been the subject of a number of other recent research reports.