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Company Description

Contact Info

3980 Howard Hughes Parkway

Las Vegas, NV 89169

United States

Phone: 702-541-7777

Fax:

Pinnacle Entertainment, Inc. owns, operates, and develops casinos and related hospitality and entertainment facilities. The company owns 14 gaming properties in Colorado, Indiana, Iowa, Louisiana, Missouri, Mississippi, and Nevada. It also owns a racetrack in Ohio that is being re-developed into a new gaming entertainment facility and manages a racetrack in San Antonio, Texas. In addition to these properties, it owns and operates a live and televised poker tournament series. The company has three properties, such as L’Auberge Casino & Hotel Baton Rouge in Baton Rouge, Louisiana; River City Casino in St. Louis, Missouri; and Lumiére Place Casino and Hotels in downtown St. Louis. In addition, it has expanded its business to owning and managing racetracks with the acquisition of Belterra Park Gaming & Entertainment Center in Cincinnati, Ohio (which is being developed into Belterra Park Gaming & Entertainment Center) and the acquisition of 75.5% of the equity of Pinnacle Retama Partners, LLC, the owner of the racing license for Retama Park in San Antonio, Texas. In 2013, the company acquired Ameristar Casinos, Inc. (Ameristar). Operating Properties Midwest The company’s Ameristar Council Bluffs property is located across the Missouri River from Omaha, Nebraska and includes the primary riverboat in Iowa. This property serves the Omaha and southwestern Iowa markets. Ameristar Council Bluffs operates one of three gaming licenses issued in the Council Bluffs gaming market pursuant to an operating agreement with Iowa West Racing Association. The two other licenses are operated by a single company and consist of another riverboat casino and a land-based casino with a pari-mutuel racetrack. The company’s Ameristar East Chicago property is located approximately 25 miles from downtown Chicago, Illinois and serves metropolitan Chicago and Northwest Indiana. Ameristar East Chicago’s core competitive market of Northwest Indiana includes three casino operators, including Ameristar, in East Chicago, Hammond and Gary, Indiana. The company’s Ameristar Kansas City property, located 7 miles from downtown Kansas City, Missouri, has one of the major casino floors in Missouri. The property attracts guests from the greater Kansas City area, as well as regional overnight guests. Ameristar Kansas City is located on approximately 183 acres of property that the company owns. The company’s southern Indiana property, Belterra Casino Resort, is located along the Ohio River near Vevay, Indiana. The company leases approximately 148 acres of the 315 acres that its Belterra Casino Resort occupies in southern Indiana. It also owns a 54-guestroom hotel on 6 acres approximately 10 miles from Belterra. The company’s Belterra Park Gaming & Entertainment Center is located in Cincinnati, Ohio, situated on approximately 160 acres of land, 40 of which are undeveloped. It applied for a license to operate video lottery terminals (VLTs) at the racetrack facility. The Belterra Park Gaming & Entertainment Center re-development site includes approximately 160 acres that the company owns in southeast Cincinnati, 40 of which are undeveloped. The property would re-open as a gaming and entertainment center offering live racing, pari-mutuel wagering, approximately 1,500 VLTs, 6 restaurants, a VIP lounge, ample parking spaces, and new racing facilities The company’s Ameristar St. Charles property and River City Casino property are located in the St. Louis, Missouri market. Ameristar St. Charles is located on approximately 52 acres that the company owns along the west bank of the Missouri River immediately north of Interstate 70. The company’s River City Casino property is located in the south St. Louis community of Lemay, Missouri on the western bank of the Mississippi River. Its facility includes a single-level, 90,000 square-foot casino located on approximately 56 acres just south of the confluence of the Mississippi River and the River des Peres. South The company’s Ameristar Vicksburg property is located in Vicksburg, Mississippi along the Mississippi River approximately 45 miles west of Mississippi’s major city, Jackson. Ameristar Vicksbu

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Price/Book 6.4x
Price/Cash Flow 21.9x
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