Pinnacle casino operation in Argentina
Tags: Anthony Sanfilippo, casino industry, casino market, Casinos, casinos physical, gambling houses, houses Pinnacle, local industry, Louisiana, Missouri, Pinnacle Casinos, USA
The U.S. origin company Pinnacle Entertainment operates casinos in Louisiana, Missouri and Nevada. The newest casino opened by the company in March of this year, was the River City, located south of St. Louis County, Missouri.
In the coming months, this company will develop its new casino project in Baton Rouge, Louisiana. However, Pinnacle’s casino operations are not limited to American lands.
A few months ago the company had made known that he was interested in selling part of its assets in Argentine territory. Pinnacle Entertainment was how he sold most of the casinos operating in the Patagonian region of Argentina.
The sale, consisting of a sizable casino and several small casinos, had as guests to a consortium of Argentine investors. Among all invested a total of $ 40 million to take ownership of the gambling houses of Pinnacle in Argentina.
On the transaction carried out in recent weeks Anthony Sanfilippo, president and CEO of Pinnacle Entertainment, made the following comments:
“Our investments in Argentina were among the most profitable for our shareholders. Looking ahead, we anticipate that our company will benefit from the interesting initiatives that develop in the region. For now, however, we prefer to emphasize our local industry. For us, the achievement of excellence in the properties we operate in the United States, ensuring stable long-term benefits, is one of the objectives that guide our efforts. “
