Pinnacle Entertainment investors led by Gamco, Gabelli report 5.04% stake

By Lisa Kerner

Charlotte, N.C., Dec. 8 - A group of Pinnacle Entertainment, Inc. investors led by Gamco Asset Management Inc. and Gabelli Funds, LLC bought 1,599,760 shares of the company's stock between Oct. 8 and Dec. 3.

The shares were priced from $2.8494 to $6.5902 each, according to a schedule 13D filed with the Securities and Exchange Commission.

Gamco and its affiliates beneficially own approximately 3.02 million shares, or 5.04%, of the Las Vegas-based casino owner/operator.

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