21.08.2013 22:08:00
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Pinnacle Entertainment, Inc. -- Moody's comments that Pinnacle Entertainment's agreement to sell St Louis casino to Tropicana is credit positive for both companies
New York, August 21, 2013 -- Moody's Investors Service said Pinnacle Entertainment, Inc.'s (B1 stable) August 16 announcement that it agreed to sell Lumiere Place Casino, HoteLumiere, the Four Seasons Hotel St. Louis (collectively, "Lumiere") to Tropicana Entertainment, Inc. (B2 stable) for cash consideration of $260 million is a credit positive for both companies.