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FTC approves final order settling charges that Pinnacle Entertainment, Ameristar Casinos merger would be anticompetitive

( December 19, 2013, 16:17 GMT | Official Statement) -- MLex Summary: Following a public comment period, the US Federal Trade Commission has approved a final order settling charges that Pinnacle Entertainment's acquisition of Ameristar Casinos would reduce competition and lead to higher prices and lower quality for casino customers in St. Louis and and the Lake Charles, Louisiana area. Under the Commission's order Pinnacle is required to sell its Lumiere Place Casino and all associated assets, including two hotels, in St. Louis to a buyer approved by the Commission within six months. Statement follows in full. ...

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