Tropicana Entertainment now owns Lumière Place Casino & Hotels

The property will remain under the Lumière brand, and Tropicana has said it plans to honor Pinnacle’s redevelopment agreement with the city of St. Louis, which included USD 11.5 million in donations and some real estate.

Lumière is the ninth casino property in Tropicana’s portfolio, which includes casinos in Indiana, Louisiana, Mississippi, Nevada, New Jersey and Aruba. Lumière is Tropicana’s second-largest casino property, after its casino in Atlantic City.

Pinnacle announced in June that it planned to sell its Lumière Place Casino, Hotel Lumière and the Four Seasons Hotel in St. Louis and its hotel development project in Lake Charles, Louisiana, in order to appease the Federal Trade Commission so that it could complete its USD 2.8 billion acquisition of Ameristar Casinos, a merger that was completed in August.

"We have enjoyed our nearly seven years of operation in the city of St.Louis, the opportunity to participate in the growth and revitalization of the city through our investment in Lumiere Place and surrounding civic projects, and the strong relationships we have shared with the business community and city officials," said Anthony M. Sanfilippo, Chief Executive Officer of Pinnacle Entertainment. We thank the team members of Lumiere Place and Four Seasons for their dedicated service to our guests over the years and through this ownership transition. We welcome Tropicana Entertainment to the State of Missouri and wish them well in the operation of this terrific property."

Pinnacle is also the parent company of River City Casino & Hotel and Ameristar Casino St. Charles.