Indiana Casino Workers Challenge Pinnacle Entertainment Casino Sale

Indiana Casino Workers Challenge Pinnacle Entertainment Casino Sale

An branch that is indiana-based of casino workers union is opposing the proposed purchase of gambling venues owned by Pinnacle Entertainment Inc. to Gaming & Leisure Properties Inc. The casino workers are also planning to ask the Indiana Gaming Commission to show the plan down, arguing that the deal would probably give the operator more liberties than state regulations actually allow.

A given operator is allowed to own no more than two casino properties within the state’s borders under the current Indiana gaming laws. Gaming & Leisure manages one video gaming facility in Lawrenceburg and Pinnacle has two facilities that are such Florence and East Chicago.

Las Vegas-headquartered gambling operator Pinnacle announced earlier in mobile casinos for real money usa the day this 12 months intends to offer all 14 gambling enterprises it manages to Gaming & Leisure. The latter is pay the amount of $4.8 billion for the deal. broadly speaking, the deal is the type of where a offered gambling operator offers its venues or converts them into REIT, to prevent having to pay federal income taxes and so, trade the said venues at a stock market value that is higher.

The Indiana Gaming Commission is scheduled to go over the problem today at 1 pm local time. a representative for the state gambling regulator could not be reached for comment.

Casino employees through the UNITE HERE hospitality workers union will be in a long-standing dispute with Pinnacle’s casino in East Chicago. Continuar leyendo «Indiana Casino Workers Challenge Pinnacle Entertainment Casino Sale»