Pinnacle Completes Spin-off and Subsequent Merger With GLPI

Skadden represented 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, which closed April 28, 2016. Immediately prior to the acquisition, Pinnacle effected a spin-off of its operating business and certain real estate assets into a separate, standalone public company through a pro rata distribution to all of its existing stockholders.