Pinnacle Entertainment (PNK) said it has entered into agreements to acquire substantially all of the assets of Federated Sports & Gaming, Inc. and Federated Heartland, Inc. These entities own the Heartland Poker Tour and other related assets and intellectual property.
The Heartland Poker Tour is a live and televised poker tournament series that made 17 stops across 15 U.S. states in 2011. Pinnacle's River City and Lumiere Place casinos in St. Louis, Missouri hosted Heartland Poker Tour events in March 2012.
Anthony Sanfilippo, president and chief executive officer of Pinnacle, stated, "The acquisitions provide Pinnacle Entertainment with one of the poker industry's most powerful brand and intellectual property portfolios, as well as the opportunity to expand the Heartland Poker Tour and more extensively integrate its events into our network of casino properties. In addition, the acquisitions provide several elements that will help advance our online gaming strategy."
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