Pinnacle Entertainment Postpones August 29 Grand Opening of L'Auberge Casino & Hotel Baton Rouge
August 27 2012 - 8:00AM
Pinnacle Entertainment, Inc. (NYSE:PNK) is postponing the planned
August 29 opening of its L'Auberge Casino & Hotel Baton Rouge
project, the Company's $368 million casino entertainment property
overlooking the Mississippi River. The final step in the formal
licensing and approval process, commonly referred to as a mock
cruise, has been delayed as Tropical Storm Isaac approaches the
Gulf Coast. The storm with an uncertain path has diverted Louisiana
State Police personnel required to issue the final regulatory
approval for opening L'Auberge.
"Our first concern is the safety of our guests and team
members," said Anthony Sanfilippo, President and CEO of Pinnacle.
"We remain at the ready to open L'Auberge when it is clear Tropical
Storm Isaac is no longer a threat and pending this one final
regulatory approval. We understand the primary focus of Louisiana
State Police right now is making sure the citizens of Louisiana are
out of harm's way."
Governors in Louisiana, Florida and Mississippi have ordered a
state of emergency in advance of Isaac making landfall somewhere
along the Gulf Coast with high winds and heavy rain.
L'Auberge Baton Rouge will provide a best-in-market casino
entertainment complex featuring an expansive single-level, 74,000
square foot casino; nearly 1,500 slot machines; 50 table games,
including a poker room; a 12-story hotel with 205 guest rooms and a
rooftop pool; four dining outlets; a unique casino bar with
breathtaking views of the Mississippi River; 2,400 total parking
spaces, including 800 in a covered parking garage; a multi-purpose
event center with concert seating for up to 1,550 people or banquet
seating for up to 800 people; and outdoor festival grounds with
capacity for up to 2,500.
A complete project fact sheet can be found at
www.mylauberge.com.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates six casinos,
located in Louisiana, Missouri, and Indiana, and a racetrack in
Ohio. In addition, Pinnacle is developing L'Auberge Casino &
Hotel Baton Rouge, and holds a 26% ownership stake in Asian Coast
Development (Canada) Ltd. (ACDL), an international development and
real estate company currently developing Vietnam's first
large-scale integrated resort on the Ho Tram Strip.
Pinnacle Entertainment, Inc. is publicly traded on the New York
Stock Exchange under the ticker symbol PNK. To learn more
about Pinnacle Entertainment, please visit www.pnkinc.com.
The Pinnacle Entertainment, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13121
L'Auberge is a registered trademark of Pinnacle Entertainment,
Inc. All rights reserved
CONTACT: Investor Relations
Vincent Zahn
VP, Finance & Investor Relations
702/541-7777 or investors@pnkmail.com
Media Relations
Kerry Andersen
Director, Media Relations & Public Affairs
337/395-7631 or kandersen@pnkmail.com
Pinnacle Entertainment, Inc. New (NASDAQ:PNK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Pinnacle Entertainment, Inc. New (NASDAQ:PNK)
Historical Stock Chart
From Sep 2023 to Sep 2024