March 29 (Reuters) - Pinnacle Entertainment Inc :
* Pinnacle Entertainment enters into definitive agreement to acquire the operations of the meadows racetrack and casino from Gaming & Leisure Properties Inc.
* Says deal for about $138.0 million
* Anticipate financing acquisition with $400 million revolving credit facility and cash on hand
* Expect deal to be immediately accretive to already substantial free cash flow base
* Co will operate meadows’ gaming entertainment business, lease its underlying real property from GLPI in triple net lease
* Says expect transaction to have a marginal impact on leverage at closing Source text for Eikon: Further company coverage: