Pinnacle acquires Federated Sports & Gaming and Federated Heartland
The Heartland Poker Tour is a live and televised poker tournament series that made 17 stops across 15 U.S. states in 2011. Pinnacle Entertainment's River City and Lumiere Place casinos in St. Louis, Missouri hosted Heartland Poker Tour events in March 2012. The Heartland Poker Tour is currently in its eighth season, and broadcasts its events on hundreds of network television, cable and satellite stations throughout the US, in 16 European countries and 18 Caribbean territories.
Anthony Sanfilippo, President and CEO of Pinnacle Entertainment, commented, "The acquisitions provide Pinnacle Entertainment with one of the poker industry's most powerful brand and intellectual property portfolios, as well as the opportunity to expand the Heartland Poker Tour and more extensively integrate its events into our network of casino properties. In addition, the acquisitions provide several elements that will help advance our online gaming strategy."
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