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poker games casino worldPenn is buying Pinnacle, but this is a merger.”Penn National Gaming CEO Tim Wilmott said Nevada was the final hurdle to completing the deal and he now expected it to be finalized “by mid-October.” (Image: Jeff Scheid/LVRJ)Following a special hearing of the Nevada Gaming Control Board and the Nevada Gaming Commission, PNG CEO Tim Wilmott said the company expects to close transaction in mid-October.The number of states required to sign off this deal reflects its grand scale. Penn is buying Pinnacle, but this is a merger.”daniel j tucker sycuan casinoIt will create a regional casino powerhouse of 41 casino properties, operating some 53,500 slots, 1,300 table games, and 8,300 casino hotel rooms.FTC Green Light Includes ConditionsNevada’s endorsement came a day after the deal had been approved by the US Federal Trade Commission, on condition of the sale of four Pinnacle properties in Missouri, Indiana, and Ohio to Nevada-based Boyd Gaming.PNG and Pinnacle agreed to sell the properties to Boyd last year for 5 million, anticipating the FTC would have concerns about PNG’s market regional dominance in those three states.PNG currently operates 28 properties in 16 states. “If done correctly, you can win or lose the game. It will also expand PNG’s footprint into three brand new states — Colorado, Louisiana and Iowa.According to Howard Stutz of CDC Gaming Reports, the Control Board took 37 minutes to unanimously recommend approval of the takeover. thunder valley casino yelp

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