Loooooong Memories

Well, not that long. A reader pointed out that we had this post up in late March:

• On March 1, 2017, the Board of Directors of Pinnacle Entertainment, Inc., a Delaware corporation (the “Company”), elected Ron Huberman to the Board of Directors. Mr. Huberman will hold office until the next annual meeting of stockholders (and until his successors shall have been duly elected and qualified). The Company has not yet made a determination as to the committees of the Board of Directors on which Mr. Huberman will serve. Mr. Huberman currently serves as Senior Advisor of PeopleAdmin, a talent management software company.
  
  There are currently no arrangements or understandings between Mr. Huberman and any other persons to which he was selected as a director of the Company and he is not a party to any transaction that would be required to be disclosed by the Company to Item 404(a) of Regulation S-K.
  
  Mr. Huberman shall be eligible to participate in all previously established and disclosed compensation and benefit plans in which non-employee directors participate. Information regarding these compensation and benefit plans are described in the Company’s Information Statement, filed as Exhibit 99.1 to the Company’s Form 10-12B/A, filed with the Securities and Exchange Commission on April 11, 2016 and is incorporated by reference.

Guess what just popped up on the radar late last week?

• Pinnacle Entertainment, the owner of East Chicago's Ameristar Hotel and Casino, is in talks with gaming operator Penn National Gaming that could result in Pinnacle's sale.
  
  Las Vegas-based Pinnacle and Wyomissing, Pennsylvania-based Penn acknowledged the discussions late last week.
  
  [...] Penn also owns the Hollywood casinos in Aurora and Joliet, Illinois, and Prairie State Gaming, a video gaming terminal operator with more than 1,100 gaming terminals at 270 bars and other retail gaming establishments in Illinois.

Consolidation of gambling interests, one of which numerous gambling interests in Illinois already, which will undoubtedly benefit connected interests - like Luberman. Our reader with the long memory relates:

• Pinnacle tends to cater to higher heeled customers.  They're negotiating with Penn National Gaming who tends to cater to lower level gamblers.  After Chicago opens up their casino, the northwest Indiana casinos will lose a majority of their business; most gamblers live in Illinois.

Any media-types looking into all of this?  Joravsky maybe?