The union representing casino employees is asking for the Missouri Gaming Commission to step in and stop a hostile purchase of Pinnacle Entertainment Corp casino’s real estate assets. The purchase offer has been made by Gaming and Leisure Properties Inc. The union is citing anti-competitive reasons for the block to occur. The company, if they make the purchase, would own five of the six Saint Louis, Missouri casinos. The property would need to be converted to a Real Estate Investment Trust or REIT, for the purchase to occur as planned – which means no federal taxes are paid. There are also worries about labor relations and how employees may not be treated fairly in terms of how the REIT would affect the running of the casino.

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