On April 1, Tropicana Entertainment Inc. closed on its purchase of Lumière Place Casino & Hotels from Pinnacle Entertainment for 0 million. The all-cash transaction included the casino, HoteLumiere and the Four Seasons Hotel St. Louis. Tropicana officials said the property will remain under the Lumière brand.
The Federal Trade Commission required the sale last year for Pinnacle to complete its $2.8 billion buyout of Ameristar Casinos. The FTC also mandated the sale of Ameristar’s casino project in Lake Charles, Louisiana to the Golden Nugget; that transaction is expected to be completed later this year.
Las Vegas-based Pinnacle still operates River City Casino & Hotel and Ameristar Casino St. Charles, both in the St. Louis market.
Tropicana Entertainment owns Tropicana Atlantic City, Tropicana Laughlin, MontBleu in Lake Tahoe and properties in Indiana, Mississippi, Louisiana and Aruba.