Today the Missouri Gaming Commission approved the joint petition for change in control of Pinnacle Entertainment and Gaming and Leisure Properties, Inc. This approval allows Pinnacle Entertainment to transfer its real estate assets to GLPI and then lease the properties back so Pinnacle Entertainment may operate the casinos.
The Gaming Commission voted 5-0 to approve the petition for change in control. Commission Resolution 16-011 grants the approval of the petition.
Pinnacle operates three casino properties in Missouri. Ameristar Kansas City, Ameristar St. Charles, and River City in Lemay.