So everybody's happy, and it would seem that we are about halfway to my 'best guess' that MGM, Ameristar, and Pinnacle would all be one company in another five or six years or so. On the announcement, Ameristar shares shot up 20% to $26.50 at Friday's close, while Pinnacle shares jumped 21% to $16.20. And last Friday, Pinnacle Entertainment announced that it would purchase Ameristar outright for $26.50 per share or $869 million in cash, while assuming Ameristar's $1.9 billion in debt and $119 million in cash on hand for a total of $2.8 billion.

Jeff Hwang, ' More Suitors for Ameristar Casinos?' July 17, 2008īack in February, regional casino operator Ameristar Casinos and the since-renamed MGM Resorts International announced a strategic cross-marketing relationship that will allow MGM to tap into Ameristar's premier regional network while enhancing the value of Ameristar's Star Awards and Plateau Players Club (see ' On Ameristar and MGM's New Strategic Marketing Alliance'). 'My best guess is that, 10 years from now, MGM Mirage, Ameristar Casinos, and regional casino operator Pinnacle Entertainment will all be one company.'

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