“Columbia Sussex will take over the Argosy casino and continue competing with PNG in this market.”Īccording to the Commission’s complaint, PNG’s acquisition of Argosy as proposed would be anticompetitive and in violation of Section 5 of the FTC Act and Section 7 of the Clayton Act, as amended, by lessening competition in the market for casino services in Baton Rouge, Louisiana. Creighton, Director of the FTC’s Bureau of Competition. “PNG and Argosy are direct and actual competitors in the casino services market in Baton Rouge, and absent the relief provided by the Commission’s order, PNG would gain a monopoly in that market,” said Susan A. Because PNG and Argosy now operate the only two casinos in Baton Rouge, the divestiture is necessary to preserve a competitive alternative. In order to ensure continued competition in the market for casino services in Baton Rouge, Louisiana, the Federal Trade Commission today announced a consent order that will permit Penn National Gaming, Inc.’s (PNG) $2.2 billion acquisition of Argosy Gaming Company (Argosy), provided PNG sells Argosy’s Baton Rouge casino to Columbia Sussex Corporation within four months of the order’s becoming final. About the FTC Show/hide About the FTC menu items.News and Events Show/hide News and Events menu items.

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