U.S. casino operators Pinnacle, Penn National in merger talks

Reuters

Thu, Nov 30, 2017, 4:10 PM

(Corrects to "Pennsylvania-based" from "Wyoming-based" in paragraph 1)

Nov 30 (Reuters) - Casino operator Pinnacle Entertainment Inc said on Thursday it was in talks with Penn National Gaming Inc about a potential cash-and-stock takeover of Pinnacle by its Pennsylvania-based rival.

There is no guarantee a deal will go through, Las Vegas-based Pinnacle added.

The Wall Street Journal had reported last month that the two companies were in talks for a potential merger. (Reporting by Ankit Ajmera in Bengaluru; editing by Sai Sachin Ravikumar)

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U.S. casino operators Pinnacle, Penn National in merger talks

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