01.04.2014 23:51:22
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Pinnacle Closes $260 Mln Divestiture Of Lumiere Place Casino And Hotels
(RTTNews) - Casino operator Pinnacle Entertainment Inc. (PNK) said Tuesday it has closed the sale of Lumiere Place Casino, HoteLumiere, the Four Seasons Hotel St. Louis, and related excess land parcels to a subsidiary of Tropicana Entertainment Inc for $260 million in cash.
The company used the proceeds received at closing to repay about $260 million of term loans under its Amended and Restated Credit Agreement.
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