Pinnacle Entertainment has six months to sell the Lumiere Place Casino or it'll have to get rid of the Ameristar Casino Resort instead. That's according to the "St. Louis Business Journal," which reports the FTC hit Pinnacle with the deadline. Pinnacle must sell off Lumiere and several hotels to finish its purchase of Ameristar Casinos.
Lumiere reported the biggest drop in revenue of all area casinos last month at almost 18 percent, pulling in eleven-point-four million dollars. Meanwhile, Ameristar St. Charles earned 21-point-five-million in July, a ten percent drop from the same time last year.