Ameristar Casinos shareholders have approved Pinnacle Entertainment’s proposed $869 million buyout.
Of the shareholders who voted, the decision was nearly unanimous, and approving shareholders represented about 82% of Ameristar’s outstanding shares. The transaction is expected to close by September.
Pinnacle Entertainment, whose eight properties include Louisiana’s two L’Auberge casino resorts and Ohio’s River Downs Race Track, agreed in December to acquire Ameristar, which has eight resorts and began construction on a ninth in Louisiana last summer.
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