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HOME > NEWS > Investor News > Pinnacle drops New York casino bid

Pinnacle drops New York casino bid

22 May 2014

By Howard Stutz

Regional casino operator Pinnacle Entertainment withdrew from consideration for one of four gaming licenses in New York, state gaming officials announced late Tuesday.

Las Vegas-based Pinnacle had been tied to a potential casino project near Albany. The New York Gaming Facility Location Board said Pinnacle asked for a refund of its $1 million license application deposit.

New York is planning four Upstate casinos.

Pinnacle was just one several gaming companies with ties to Las Vegas among nearly two dozen applications.

Caesars Entertainment Corp., Malaysia-based Genting Berhad, and Penn National Gaming — in partnership with The Cordish Company — also submitted bids.


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Howard Stutz
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