Pinnacle to buy River Downs for $45 million - Cincinnati News, FOX19-WXIX TV

Pinnacle to buy River Downs for $45 million

LAS VEGAS (AP) - Las Vegas casino operator Pinnacle Entertainment Inc. said Friday it has reached a deal to buy Cincinnati's River Downs Racetrack for $45 million.

 Pinnacle says the deal includes 155 acres, 35 of them still undeveloped. It says the racetrack complements Pinnacle's nearby Belterra Casino Resort in Indiana.

Pinnacle could benefit further if Ohio decides to legalize video lottery terminals at racetracks.

Pinnacle expects to close the deal in the first quarter of 2011, subject to approval of the Ohio State Racing Commission.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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