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Pinnacle Entertainment

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CALIFORNIA | LOCAL
March 14, 2000
Pinnacle Entertainment Inc. in Glendale, formerly known as Hollywood Park Inc., said it has received an acquisition offer from Harveys Casino Resorts for $25 per share of outstanding Pinnacle common stock. The agreement is subject to regulatory approval and Pinnacle management, which would retain an equity share in the combined company. Pinnacle Entertainment owns and operates eight casinos in Nevada, Mississippi, Louisiana and Argentina.
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BUSINESS
June 18, 2002 | From Times Staff Reports and Bloomberg News
Shopping center developer Rothbart Development Corp. said Monday that it had agreed to buy about 60 acres of land adjacent to Hollywood Park Race Track in Inglewood for $36 million and plans to build a retail project on the site. Rothbart has 12 months to secure city approvals and entitlements to build the center to complete the purchase of land from Glendale-based Pinnacle Entertainment Inc., which operates and owns casinos and card clubs.
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CALIFORNIA | LOCAL
August 8, 2000
Pinnacle Entertainment in Glendale reported net income of $26.2 million for the second quarter ended June 30, compared with $9.7 million for the same quarter in 1999. Revenue was $160 million compared with $199.5 million Pinnacle Entertainment owns and operates eight gambling casinos and leases two card clubs.
BUSINESS
March 12, 2001 | JAMES F. PELTZ, TIMES STAFF WRITER
Pinnacle Entertainment Inc. is a casino operator headquartered on Brand Boulevard in Glendale, but its future is riding on 315 acres along the Ohio River in the southern tip of Indiana. That's the site of Pinnacle's new flagship property called Belterra Casino Resort, a $200-million hotel-casino.
BUSINESS
June 18, 2002 | From Times Staff Reports and Bloomberg News
Shopping center developer Rothbart Development Corp. said Monday that it had agreed to buy about 60 acres of land adjacent to Hollywood Park Race Track in Inglewood for $36 million and plans to build a retail project on the site. Rothbart has 12 months to secure city approvals and entitlements to build the center to complete the purchase of land from Glendale-based Pinnacle Entertainment Inc., which operates and owns casinos and card clubs.
BUSINESS
December 15, 2000 | From Bloomberg News
Pinnacle Entertainment Inc. shares fell 28% after the company said Thursday that its $1.28-billion sale to rival gaming company Harveys Casino Resorts is being delayed because of turmoil in the debt markets. Pinnacle shares fell $6.06 to close at $15.31 on the New York Stock Exchange, after trading as low as $14.25. The companies, in separate statements released by PRNewswire, said the purchase isn't terminated, though there can be no assurance a transaction will be completed.
BUSINESS
March 12, 2001 | JAMES F. PELTZ, TIMES STAFF WRITER
Pinnacle Entertainment Inc. is a casino operator headquartered on Brand Boulevard in Glendale, but its future is riding on 315 acres along the Ohio River in the southern tip of Indiana. That's the site of Pinnacle's new flagship property called Belterra Casino Resort, a $200-million hotel-casino.
CALIFORNIA | LOCAL
February 29, 2000
Hollywood Park Inc. of Glendale said it has changed its name to Pinnacle Entertainment Inc. The company will trade under the symbol PNK on the New York Stock Exchange. The company owns and operates eight casinos, a racing facility and leases two card clubs.
CALIFORNIA | LOCAL
December 19, 2000
Pinnacle Entertainment Inc. of Glendale said that PH Casino Resorts Inc., an affiliate of Harveys Casino Resorts, has postponed the closing of its merger with Pinnacle Entertainment. PH Casino Resorts has advised Pinnacle that it will continue to evaluate the prospects for the transaction. Pinnacle Entertainment is a diversified gaming company that owns and operates seven casinos in Nevada, Mississippi, Louisiana, Indiana and Argentina.
BUSINESS
April 20, 2000 | HECTOR BECERRA, TIMES STAFF WRITER
Continuing an acquisition and development blitz, real estate investment trust Casden Properties Inc., has agreed to purchase 97 acres adjacent to Hollywood Park in Inglewood from Pinnacle Entertainment Inc. Beverly Hills-based Casden plans to build a residential community at the site. The privately held trust is developing more than 3,000 luxury housing units in Los Angeles, including the Villa Azure in West L.A.
BUSINESS
December 15, 2000 | From Bloomberg News
Pinnacle Entertainment Inc. shares fell 28% after the company said Thursday that its $1.28-billion sale to rival gaming company Harveys Casino Resorts is being delayed because of turmoil in the debt markets. Pinnacle shares fell $6.06 to close at $15.31 on the New York Stock Exchange, after trading as low as $14.25. The companies, in separate statements released by PRNewswire, said the purchase isn't terminated, though there can be no assurance a transaction will be completed.
CALIFORNIA | LOCAL
October 17, 2000
Pinnacle Entertainment of Glendale announced that shareholders have approved a proposed merger with a subsidiary of PH Casino Resorts Inc., itself a subsidiary of Harvey's Casino Resorts. Shareholders will receive $24 for each share of Pinnacle stock. In addition, shareholders may receive up to $1 for each share held if Pinnacle sells 97 acres of surplus land it holds in Inglewood before March 2002.
CALIFORNIA | LOCAL
August 8, 2000
Pinnacle Entertainment in Glendale reported net income of $26.2 million for the second quarter ended June 30, compared with $9.7 million for the same quarter in 1999. Revenue was $160 million compared with $199.5 million Pinnacle Entertainment owns and operates eight gambling casinos and leases two card clubs.
CALIFORNIA | LOCAL
February 29, 2000
Hollywood Park Inc. of Glendale said it has changed its name to Pinnacle Entertainment Inc. The company will trade under the symbol PNK on the New York Stock Exchange. The company owns and operates eight casinos, a racing facility and leases two card clubs.
BUSINESS
April 22, 2006 | From the Associated Press
Casino owner Aztar Corp. said Ameristar Casinos Inc. had raised its offer to buy the company by $2 to $45 a share in cash. That tops Pinnacle Entertainment Inc.'s revised offer of $43 a share. Wimar Tahoe Corp., an affiliate of Columbia Sussex Corp., holds the highest bid, at $47 a share. Aztar also received a bid of $41 a share from real estate investment trust Colony Capital. Phoenix-based Aztar owns a 34-acre plot on the Las Vegas Strip that holds the Tropicana resort.
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