Tropicana Entertainment reached an agreement to acquire the Lumiere resort in St. Louis, including the Four Seasons St. Louis, HoteLumiere and Lumiere Place Casino.
Tropicana will pay the seller, Pinnacle Entertainment, about $260 million.
Pinnacle is selling the properties in order to comply with a Federal Trade Commission mandate to reduce its casino holdings in the St. Louis market.
Pinnacle, which owns the River City Casino & Hotel in St. Louis, acquired the Ameristar Casinos Resort Spa in nearby St. Charles, Mo., when it completed its $2.8 billion acquisition of Ameristar Casinos earlier this month.
Lumiere Place, which was built in 2007, has 294 rooms. The Four Seasons, which opened a year later, has 200 rooms.
Tropicana was acquired out of bankruptcy by investor Carl Icahn in 2010.
Follow Danny King on Twitter @dktravelweekly.