and hospitality company based in the las vegas valley nevada . for other uses see pinnacle entertainment disambiguation . pinnacle entertainment inc. type public traded as nasdaq pnk industry hospitality gambling entertainment horse racing restaurants and hotels predecessor hollywood park entertainment hollywood park realty enterprises hollywood park inc. founded 1938 inglewood california founder jack l. warner headquarters spring valley nevada united states key people anthony sanfilippo carlos ruisanchez john a. godfrey ginny shanks troy a. stremming neil walkoff christina donelson keith w. henson and mickey parenton revenue us 1.49 billion 2013 1 operating income 104 million number of employees 15 000 website pnkinc.com pinnacle entertainment is an american gaming and hospitality company . it operates sixteen casino properties located in colorado indiana iowa louisiana mississippi missouri nevada pennsylvania and ohio and a horse track in texas . contents 1 history 2 resorts and casinos 2.1 united states 2.2 previous operations 2.2.1 argentina 2.2.2 united states 3 references 4 external links history edit pinnacle entertainment traces its roots to 1938 when movie mogul jack l. warner opened the hollywood park turf club racetrack in inglewood california . the original shareholders included hollywood figures such as walt disney mervyn leroy and bing crosby . the company was incorporated in 1981 under the name hollywood park realty enterprises . it was renamed as hollywood park inc. in 1992 . after many years in the horse racing business the company began a transformation into a casino operator . in 1997 the company acquired boomtown inc. and its three casinos in nevada louisiana and mississippi for 188 million . 2 in 1998 it acquired casino magic corp. for 340 million including two casinos in mississippi one in louisiana and a controlling stake in two casinos in argentina . 3 4 the company sold the hollywood park racetrack in 1999 to churchill downs inc. and in 2000 changed its name to pinnacle entertainment . belterra casino resort & spa made its debut in 2000 as pinnacle s first company designed and developed gaming resort . then in 2005 pinnacle opened l auberge du lac in lake charles louisiana . in september 2006 pinnacle agreed to purchase the sands casino hotel in atlantic city new jersey and announced plans to replace it with a 1.5 billion resort . 5 the property closed on november 11 2006 and was demolished on october 18 2007 . harsh economic times later caused pinnacle to delay construction of the new resort . 6 in february 2010 the company announced that it had canceled its construction plans and would instead seek to sell the land . 7 eventually it was sold in 2013 for 29.5 million to a group of local developers who planned to build a casino or family entertainment attraction . in december 2006 pinnacle purchased the president casino in st. louis missouri . lumi re place opened in downtown st. louis in december 2007 anchoring an entertainment district including the four seasons hotel st. louis and hotelumi re . in march 2010 pinnacle opened river city casino in lemay missouri . pinnacle announced the expansion of its l auberge baton rouge project in september 2010 and held a grand opening on september 1 2012 . on november 9 2009 chief executive officer dan lee was forced out by the company s board of directors after reportedly physically confronting and threatening a st. louis county official . 8 9 in july 2010 the company sold its argentina casinos for 40 million . 10 in january 2011 pinnacle purchased river downs racetrack in southeast cincinnati . the company agreed in april 2012 to buy a 75.5 % stake in retama park a money losing horse track in selma texas for 22.8 million . the purchase was seen as a defensive move to help soften the blow if gaming in texas were expanded and drew visitors away from pinnacle s lake charles properties . 11 in may 2011 pinnacle expanded into the asian gaming market with a 95 million investment for 26 percent ownership of asian coast development ltd. the owner and developer of the ho tram strip 80 miles away from ho chi minh city in southern vietnam which will be the country s first large scale integrated destination resort . upon the closing of the transaction pinnacle would enter into a management agreement through 2058 for the second integrated resort on the ho tram strip . on june 26 2012 pinnacle sold boomtown reno for 12.9 million to m1 gaming the company of former station casinos executive dean dilullo . 12 on august 14 2013 pinnacle bought ameristar casinos for 869 million plus 1.9 billion in assumed debt 13 14 adding nine properties in colorado indiana iowa missouri mississippi and northern nevada . to gain ftc approval for the merger pinnacle agreed to sell its lumiere place property and ameristar s under construction casino in lake charles . in november 2014 pinnacle announced a plan to spin off a real estate investment trust with the real estate assets of its 15 casinos . 15 gaming and leisure properties glpi then approached pinnacle with an offer to buy those assets which it said would be simpler and faster than pinnacle s plan . 16 pinnacle did not respond to the offer so glpi went public with its offer in march 2015 . 16 in july the companies reached a deal for glpi to buy 14 of pinnacle s 15 properties for 4.75 billion in stock and lease them back to pinnacle with rent starting at 377 million per year . 17 the sale would be executed by pinnacle spinning off a new company also named pinnacle entertainment with the casinos operating businesses along with ownership of belterra park formerly river downs and the company s interest in retama park ; glpi would then acquire the original pinnacle entertainment . 18 the sale was completed in april 2016 . 18 pinnacle also purchased the operations of the meadows racetrack and casino in pennsylvania from glpi for 138 million in september 2016 . 19 20 resorts and casinos edit united states edit ameristar casino hotel council bluffs council bluffs iowa ameristar casino hotel east chicago east chicago indiana ameristar casino hotel vicksburg vicksburg mississippi ameristar casino hotel kansas city kansas city missouri ameristar casino resort spa black hawk black hawk colorado ameristar casino resort spa st. charles st. charles missouri belterra casino resort & spa florence indiana belterra park gaming cincinnati ohio boomtown bossier city bossier city louisiana boomtown new orleans harvey louisiana cactus petes resort casino jackpot nevada horseshu hotel and casino jackpot nevada l auberge casino & hotel baton rouge baton rouge louisiana l auberge casino resort lake charles lake charles louisiana the meadows racetrack and casino north strabane township pennsylvania retama park selma texas 75 % stake river city casino st. louis missouri previous operations edit argentina edit casino magic neuqu n sold casino magic san martin de los andes sold united states edit boomtown biloxi biloxi mississippi sold boomtown las vegas enterprise nevada sold and renamed as silverton las vegas boomtown reno verdi nevada sold casino magic bay st. louis bay st. louis mississippi casino magic biloxi biloxi mississippi closed and sold hollywood park racetrack inglewood california sold lumi re place st. louis missouri sold president casino laclede s landing st. louis missouri closed references edit pinnacle entertainment reports 2014 first quarter financial results . retrieved april 30 2014 . hollywood park completes merger . las vegas review journal . july 2 1997 . retrieved july 31 2012 . hollywood park completes acquisition of casino magic press release . hollywood park inc. october 17 1998 . hollywood park to buy casino magic for 81 million . the new york times . february 20 1998 . retrieved july 31 2012 . haught j. staas september 6 2006 . sands sold will close ; pinnacle plans to build 1.5 b. megaresort casino hotel . press of atlantic city . archived from the original on september 26 2007 . retrieved september 6 2006 . pinnacle s ac casino plans on indefinite hold dead link forbes november 7 2008 . pinnacle folds its hand in atlantic city the philadelphia inquirer february 6 2010 . archived february 11 2010 at the wayback machine . stutz howard november 9 2009 . pinnacle entertainment ceo resignation may alter projects . retrieved september 3 2014 . blank chris december 16 2009 . missouri levies no penalty on former pinnacle ceo . boston.com . retrieved september 3 2014 . pinnacle entertainment completes sale of its argentina operations press release . pinnacle entertainment inc. july 7 2010 . archived from the original on october 6 2010 . retrieved august 16 2010 . danner patrick april 27 2012 . retama strikes deal with vegas company . san antonio express news . retrieved january 13 2013 . stutz howard june 26 2012 . reno s boomtown casino changes hands but keeps its name . las vegas review journal . retrieved june 27 2012 . stutz howard december 21 2012 . las vegas based pinnacle entertainment to acquire rival ameristar casinos for 869 million . las vegas review journal . retrieved december 21 2012 . stutz howard august 14 2013 . pinnacle entertainment completes 2.8 billion buyout of ameristar casinos . las vegas review journal . retrieved august 14 2013 . howard stutz november 6 2014 . pinnacle entertainment plans to split off casinos into a reit . las vegas review journal . retrieved 2015 03 09 . a b howard stutz march 9 2015 . glpi offers 4.1 billion for pinnacle entertainment s real estate . las vegas review journal . retrieved 2015 03 09 . howard stutz july 21 2015 . pinnacle glpi agree on 4.75 b merger . las vegas review journal . retrieved 2016 07 22 . a b gaming and leisure properties inc. completes the previously announced acquisition of the real estate assets of pinnacle entertainment inc. press release . pinnacle entertainment . april 28 2016 . retrieved 2016 07 22 . paul j. gough march 30 2016 . meadows license gaming assets sold for 138m . pittsburgh business times . retrieved 2016 07 22 . paul j. gough september 12 2016 . meadows casino now under new ownership . pittsburgh business times . retrieved 2016 09 12 . external links edit official website v t e pinnacle entertainment colorado ameristar black hawk indiana ameristar east chicago belterra iowa ameristar council bluffs louisiana boomtown bossier city boomtown new orleans l auberge baton rouge l auberge du lac mississippi ameristar vicksburg missouri ameristar kansas city ameristar st. charles lumi re place president casino closed river city casino nevada cactus pete s horseshu new jersey pinnacle atlantic city canceled ohio belterra park texas retama park former boomtown biloxi boomtown las vegas boomtown reno retrieved from https en.wikipedia.org w index.php title pinnacle entertainment & oldid 739136774 categories pinnacle entertainmentgambling companies of the united stateshospitality companies of the united statescompanies based in the las vegas valleycompanies established in 1938companies listed on the new york stock exchangehidden categories all articles with dead external linksarticles with dead external links from april 2012articles with wayback machine links navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 13 september 2016 at 00 06 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the 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