Pinnacle Entertainment's board of directors has approved an increase in the per-share price under the merger agreement with Aztar Corporation to $51 per share in cash and stock.
All other aspects of the merger agreement between the casino companies remain unchanged besides the termination fee, which has been increased.

The merger agreement was announced on March, 2006. It was decided that Pinnacle would acquire all of the outstanding common shares of Aztar for $38 per share in cash.

Pinnacle Entertainment owns and operates casino and hotels in Missouri, Nevada, Louisiana and Indiana in the US and also in Argentina. The company was licensed to operate a small casino in the Bahamas and has two casino development projects in St. Louis, Missouri that are dependent upon approval by the Missouri Gaming Commission.