Skadden is representing Pinnacle Entertainment, Inc. in the sale of substantially all of its real estate assets to Gaming and Leisure Properties, Inc. in a stock-for-stock merger, announced July 21. Prior to the acquisition, Pinnacle's operating business and the real property of Belterra Park Gaming & Entertainment will be spun off into a separately traded public company and the real estate assets held by the remaining company will be acquired by Gaming and Leisure Properties.

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