Regional casino operator Pinnacle Entertainment announced Thursday it
was acquiring a 75.5 percent interest in Texas racetrack for $22.8
The Las Vegas-based company, which operates casinos in
Louisiana, St. Louis and Indiana, also owns the River Downs Racetrack in
Analysts said Thursday's transaction helps buoy
Pinnacle if Texas legalizes casino gaming. The facility, Retama Park
Racetrack in Selma, is roughly 20 miles northeast of downtown San
Antonio and 65 miles from Austin.