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updated: 8/15/2013 9:47 AM

Pinnacle closes on deal including northwest Indiana casino

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  • Las Vegas-based Pinnacle Entertainment now owns the Ameristar Casino in East Chicago.

      Las Vegas-based Pinnacle Entertainment now owns the Ameristar Casino in East Chicago.

 
Associated Press

EAST CHICAGO, Ind. -- The sale of an Indiana casino along Lake Michigan has been completed.

Las Vegas-based Pinnacle Entertainment now owns the Ameristar Casino in East Chicago as part of a nearly $870 million deal taking over Ameristar's parent company that closed Wednesday.

Pinnacle becomes the fifth owner of the East Chicago casino in 16 years.

Casino general manger Matt Schuffert tells The Times of Munster (http://bit.ly/16PFN3w ) that no immediate major changes are planned and its name will remain the same for the time being.

Ameristar bought the East Chicago casino in 2007.

With the Ameristar buyout, Pinnacle Entertainment is doubling its size to 16 properties. Pinnacle also owns the Belterra Casino in southeastern Indiana.

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