Is Another Casino Merger on the Horizon?

Competition among regional gambling companies has hampered growth and profitability for most of the last decade. As a result, the leading companies in the industry are deciding it's better to combine than to compete. Pinnacle Entertainment (NASDAQ: PNK) bought Ameristar Casinos in 2013 for $2.8 billion, and Eldorado Resorts (NASDAQ: ERI) bought Isle of Capri Casinos earlier this year.

Now, Penn National Gaming, Inc (NASDAQ: PENN) is considering buying Pinnacle Entertainment, bringing together two of the biggest regional gaming companies in the country. If the merger happens, the combined company would have a presence in every major gambling market in the U.S. except the Las Vegas Strip.

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Source: Fool.com