The American Press

<p class="p1">Penn National Gaming will become one of America’s leading gaming companies after an announcement earlier this week that they are acquiring Pinnacle Entertainment in a $2.8 billion cash and stock transaction.</p><p class="p3">The deal means Penn National will grow from 29 properties to 41. Four properties in Louisiana are leased and operated by Pinnacle, including L’Auberge Casino Resort in Lake Charles, L’Auberge Casino and Hotel in Baton Rouge and the Boomtown Casino and Hotel properties in New Orleans and Bossier City.</p><p class="p3">Casino-goers may be concerned about any changes that could occur with this kind of acquisition. But Pinnacle and Penn National officials both said it will make the gaming company more efficient.</p><p class="p3">Eric Schippers, Penn National’s senior vice president of public affairs, said they intend to keep the L’Auberge brand name and “think very highly” of the brand. He added that the Lake Charles casino resort is “really one of the best-in-class.”</p><p class="p3">It’s clear that both companies have a shared respect for each other and how they run gambling operations.</p><p class="p3">Schippers said the deal “combines two of the leading gaming companies” and will offer a better experience for guests.</p><p class="p3">The deal won’t likely close until nine months or a year from now. Gaming boards in each jurisdiction have to give their approval.</p><p class="p3">Troy Stemming, Pinnacle’s executive vice president of government relations and public affairs, said Pinnacle wants the transition to be as seamless as possible until the deal closes. He said the acquisition provides the best for shareholders, guests and employees. </p><p class="p3">With the deal, Penn National will have access to new markets in Lake Charles and Baton Rouge. </p><p class="p3">A major acquisition like this is certainly a big gain for Penn National. What’s encouraging is that they and Pinnacle plan on working together to ensure a quality experience at L’Auberge in Lake Charles and other casino properties.</p>