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Article: Pinnacle Entertainment Announces Philadelphia Partnership With Entrepreneur Robert L. Johnson.
- Article from:
- PR Newswire
- Article date:
- November 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS, Nov. 16 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. today announced it has joined with entrepreneur Robert L. Johnson as an equity partner in its pursuit of a license for a gaming facility in Philadelphia. The agreement formalizes a letter of intent that the partners signed in July.
Johnson is the founder of Black Entertainment Television (BET), the first African American-owned company listed on the New York Stock Exchange. He is believed to be the country's first African American billionaire following the sale of his media holdings to Viacom Inc. in 2000. He is now the nation's largest African American hotelier and has interests in a ...
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