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Company Statement: Pinnacle Entertainment enters into agreement to sell Lumiere Place Casino and Hotels to Tropicana Entertainment

( August 16, 2013, 21:59 GMT | Official Statement) -- MLex Summary: Casino operator Pinnacle Entertainment has agreed to sell its Lumiere Place Casino and related properties in St. Louis, Missouri to Tropicana Entertainment for approximately $260 million. The sale is a step toward fulfilling divestiture conditions of a consent agreement accepted by the US Federal Trade Commission on Aug. 12 that allowed Pinnacle to complete its purchase of rival Ameristar Casinos.Statement follows in full....

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