August 29, 2014
LAS VEGAS (AP) - The Federal Trade Commission is objecting to Pinnacle Entertainment Inc's attempt to buy rival Ameristar Casinos Inc.
The complaint, filed on Wednesday, says the merger could diminish competition in the Missouri and Louisiana casino markets. The commission added that the merger would provide an incentive to set up stingier table games and slot machines.
The $869 million deal would more than double Pinnacle's size.
Pinnacle owns seven U.S. casinos and a racetrack, and has another casino under development. Ameristar has eight casinos in the United States.
Pinnacle has casinos in Louisiana, Missouri and Indiana.
Ameristar's holdings include casinos in Missouri, Iowa, Colorado, Mississippi, Indiana and Nevada.