Pinnacle CEO Anthony Sanfilippo said the casino operator was “disappointed” by the FTC’s opinion. The companies hoped to finalize the merger, which was announced in December, by the end of the summer. The FTC halted the deal until a hearing in front of an administrative law judge can be held in October. In a 17-page administrative complaint issued Wednesday, the FTC said the merger between the two Las Vegas-based regional casino operators “would reduce competition” in St. Pinnacle Entertainment’s $2.8 billion buyout of Ameristar Casinos is in jeopardy after the Federal Trade Commission said the deal violates U.S. The property is one of two casinos Pinnacle Entertainment could own in the market through a $2.8 billion buyout of Ameristar Casinos. L'Auberge Lake Charles in Lake Charles, La., is seen after its 250-room expansion.
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