Pinnacle Entertainment Shareholders OK Merger
Pinnacle Entertainment of Glendale announced that shareholders have approved a proposed merger with a subsidiary of PH Casino Resorts Inc., itself a subsidiary of Harvey’s Casino Resorts. Shareholders will receive $24 for each share of Pinnacle stock. In addition, shareholders may receive up to $1 for each share held if Pinnacle sells 97 acres of surplus land it holds in Inglewood before March 2002.
Pinnacle Entertainment owns and operates six gaming casinos in Nevada, Mississippi, Louisiana and Argentina, and leases two card clubs in the Los Angeles area.
