Pinnacle Entertainment closes on sale of Lumiere Casino in St. Louis

By HOWARD STUTZ LAS VEGAS REVIEW-JOURNAL

April 2, 2014 - 8:49 am

Pinnacle Entertainment closed the sale of its Lumiere Casino in St. Louis to Tropicana Entertainment on Tuesday.

The transaction, which included sale of casino, HoteLumiere, the Four Seasons Hotel St. Louis for $260 million, was one of two transactions mandated last year by the Federal Trade Commission for Pinnacle to complete its $2.8 billion buyout of Ameristar Casinos.

The sale of Ameristar’s casino project in Lake Charles, La. to the Golden Nugget, is expected to be completed this year.

Las Vegas-based Pinnacle still operates two casinos in the St. Louis market.

Tropicana Entertainment, whose flagship property is the Tropicana Atlantic City, owns the Tropicana Laughlin, the Montbleau in Lake Tahoe, and properties in Indiana, Mississippi, Louisiana and Aruba. Lumiere is the company’s first casino in Missouri.

Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.

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