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Last $36.55 USD
Change Today -1.22 / -3.23%
Volume 685.5K
PNK On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
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Company Description

Contact Info

3980 Howard Hughes Parkway

Las Vegas, NV 89169

United States

Phone: 702-541-7777

Fax:

Pinnacle Entertainment, Inc. owns, operates, and develops casinos and related hospitality and entertainment facilities. The company owns and operates 15 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Ohio. It also holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack located outside of San Antonio, Texas. In addition to these properties, the company owns and operates a live and televised poker tournament series. The company has developed and opened three properties, such as Belterra Park in Cincinnati, Ohio; L’Auberge Casino & Hotel Baton Rouge in Baton Rouge, Louisiana; and River City Casino in St. Louis, Missouri. The company also has made some strategic acquisitions (the 2013 acquisition of Ameristar Casinos, Inc. (Ameristar)) and dispositions, including the equity interest of subsidiaries that operate the Lumiére Place Casino and Hotels; the equity interest of Ameristar Casino Lake Charles, LLC; Boomtown Reno operations and associated land; Atlantic City land; and the company’s Argentina operations. Operating Properties Midwest The company’s Ameristar Council Bluffs property is located across the Missouri River from Omaha, Nebraska, and includes the major riverboat in Iowa. This property serves the Omaha and southwestern Iowa markets. Ameristar Council Bluffs operates one of three gaming licenses issued in the Council Bluffs gaming market pursuant to an operating agreement with Iowa West Racing Association. The two other licenses are operated by a single company and consist of another riverboat casino and a land-based casino with a pari-mutuel racetrack. The company’s Ameristar East Chicago property is located approximately 25 miles from downtown Chicago, Illinois and serves metropolitan Chicago and Northwest Indiana. Ameristar East Chicago’s core competitive markets include Northwest Indiana and Northeast Illinois. The company’s Ameristar Kansas City property, located 7 miles from downtown Kansas City, Missouri, has one of the major casino floors in Missouri. The property attracts guests from the greater Kansas City area, as well as regional overnight guests. The company’s Ameristar St. Charles property and its River City property are located in the St. Louis, Missouri market. The company’s Ameristar St. Charles property is located in St. Charles at the Missouri River, situated to attract guests from the St. Charles and the greater St. Louis areas, as well as tourists from outside the region. The property, which is in close proximity to the St. Charles convention facility, includes a 130,000 square-foot casino located on approximately 52 acres along the western bank of the Missouri River. The company’s River City Casino property, which includes a single-level, 90,000 square-foot casino, is located on approximately 56 acres just south of the confluence of the Mississippi River and the River des Peres in the south St. Louis community of Lemay, Missouri. The company’s southern Indiana property, Belterra, is located along the Ohio River near Vevay, Indiana, approximately 50 minutes from downtown Cincinnati, Ohio; 70 minutes from Louisville, Kentucky; and 90 minutes from Lexington, Kentucky. Belterra is also approximately two and one-half hours from Indianapolis, Indiana. The company’s Belterra Park property is located in Cincinnati, Ohio, situated on approximately 160 acres of land, 40 of which are undeveloped. Following an extensive re-development, the company re-opened the property in May 2014 as a gaming and entertainment center offering live racing, pari-mutuel wagering, video lottery terminal gaming, six restaurants, a VIP lounge, and new racing facilities. South The company’s Ameristar Vicksburg property is located in Vicksburg, Mississippi along the Mississippi River approximately 45 miles west of Mississippi’s largest city, Jackson. Ameristar Vicksburg is the major dockside casino in central Mississippi. The property caters primarily to guests from the Vicksburg and Jackson, Mississippi and Monroe, Louisiana areas, along with tourists visiting the area. The

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Valuation PNK Industry Range
Price/Earnings 35.7x
Price/Sales 1.0x
Price/Book 6.7x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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