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Prospect News home > News index > List of issuers P > Headlines for Pinnacle Entertainment Inc. > News item
Published on 11/20/2008 in the Prospect News Special Situations Daily.

Kenmare Capital decreases stake to 4.9% in Pinnacle Entertainment

By E. Janene Geiss

Philadelphia, Nov. 20 - Kenmare Capital Partners, LLC decreased its investment to 4.9% in Pinnacle Entertainment, Inc. as of Nov. 14, according to an SC 13G/A filing with the Securities and Exchange Commission.

That represents a passive stake of 2,984,965 shares.

Those holdings are down from a stake of 5.1%, or 3,053,596 shares, that Kenmare first reported owning on July 1, according to an SC 13G filing.

Pinnacle Entertainment is a Las Vegas-based owner and operator of casinos.


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