Following a public comment period, the Federal Trade Commission has approved a final order settling charges that casino operator Penn National Gaming, Inc.’s $2.8 billion agreement to acquire Pinnacle Entertainment, Inc. likely would be anticompetitive.
According to the complaint, which was first announced in October 2018, the proposed acquisition would harm competition for casino services—namely, slots and table games, as well as related lodging, entertainment, and food and beverage services—in metropolitan St. Louis, Missouri; Kansas City, Missouri; and Cincinnati, Ohio.
Under the settlement, Penn and Pinnacle must divest to Boyd Gaming Company Pinnacle’s Ameristar St. Charles property in the St. Louis market, Pinnacle’s Ameristar Kansas City property in the Kansas City market, and Pinnacle’s Belterra Park and Belterra Resort properties in the Cincinnati market.
The Commission vote approving the final order was 4-0-1. Commissioner Christine S. Wilson did not participate. (The staff contact is Maria M. DiMoscato, Bureau of Competition, 202-326- 2315)
The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint. Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.
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