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    >Gambling Directory >> >Online Casinos >> >Online Download Casinos >> >Download Casinos - D
    Pinnacle continues to buy back stock
    14/02/2001

    Casino operator to repurchase stock after deal fell through

    Californian casino operator, Pinnacle Entertainment, today announced plans to continue buying back its stock.
    The announcement comes soon after last month?s deal to see Pinnacle for US1.3 billion to Colony Capital of Los Angeles, owner of Harveys Casinos Resorts of Lake Tahoe, fell through. The deal was canceled after the junk bond market rejected Colony's bond issuance to finance part of the deal.
    In August 1998, the company announced a repurchase program of up to 20 percent of its common stock outstanding.
    At the end of last year, some 800,000 shares had been repurchased but there were 26.4 million shares outstanding.



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    Dali Casino
    Dali casino offers the most popular casino games including blackjack, roulette, slot machine, video poker, pai gow poker, caribbean poker, war and baccarat . advanced image technology, sound and gameplay provide the excitement and virtual sensation of a
    << >[1] [2] >>


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