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Pinnacle Entertainment rejects union proposals

22 May 2015

By Howard Stutz
Stockholders of Pinnacle Entertainment rejected seven proposals offered by hotel and restaurant workers union Unite Here that would have changed the regional casino company’s bylaws concerning shareholders' rights.

The vote took place Tuesday at the Las Vegas-based company’s annual meeting. Results were announced Thursday in a filing with the Securities and Exchange Commission.

The proxy fight launched by the national union was largely in response to Pinnacle’s announced plans to separate the company’s casinos into a publicly traded real estate investment trust. Pinnacle would continue to operate the casinos.

Earlier this month, Pinnacle confirmed it was in “productive” discussions with Gaming and Leisure Properties over sale of the casinos. The company is the REIT spin-off of rival regional casino operator Penn National Gaming.

Copyright GamingWire. All rights reserved.

Pinnacle Entertainment rejects union proposals is republished from

Nevada adopts law allowing slots with skill factors

22 May 2015
A bill backed by the Nevada gaming equipment industry was signed Thursday by Gov. Brian Sandoval and will allow state gaming regulators to adopt rules where slot machines can add a skill-based, arcade-style element to the game. Senate Bill 9 was proposed by the Association of Gaming Equipment Manufacturers ... (read more)

Analysis: 'Net gambling bill accidentally criminalizes some Nevada sports bets

21 May 2015
A bill in Congress that would ban Internet gambling would inadvertently criminalize Nevada’s booming mobile sports wagering business, which has been credited with turning the Silver State’s sports books into a $3.9 billion-a-year industry. The measure, backed by Las Vegas Sands Corp. Chairman Sheldon Adelson, is aimed at reversing changes made in 2011 to the 1961 Federal Wire Act. ... (read more)

Teamsters picket as SLS Las Vegas

21 May 2015
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