June 19, 2013
| Edition Nº2257 / Year
10
|
Pinnacle to close disposition of Boomtown Reno
Volanta
For total proceeds of us$ 12.9 million
Titulo
Pinnacle to close disposition of Boomtown Reno
Archivo de imagen (URL) |
EpígrafePinnacle announced the closing of the previously announced disposition of its Boomtown Reno casino-resort operations.
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United States
| 02/07/2012
Sumario
(US).- Pinnacle Entertainment announced the closing of the previously announced disposition of its Boomtown Reno casino-resort operations to M1 Gaming Reno and SJP Reno Property for total proceeds of approximately us$ 12.9 million.
Cuerpo
At closing, the casino-resort buyers were granted a one year option to purchase 100% of the company's membership interest in PNK (Reno), including 10.9 hectares of additional land adjacent to Boomtown Reno, for incremental consideration of us$ 3.8 million.
In addition, Pinnacle continues to hold approximately 315.6 hectares of remaining excess land surrounding Boomtown Reno as a discontinued operation.
Fuente
Yogonet.com