Pinnacle
Entertainment Reopens Boomtown New Orleans
Pinnacle Entertainment,
Inc. (NYSE: PNK) today announced the reopening
of its Boomtown New Orleans casino in Harvey,
La., which had closed and been evacuated as
Hurricane Katrina struck the Gulf Coast on August
29.
Boomtown New Orleans is located in
the West Bank across the Mississippi River from
downtown New Orleans. The property has received
all the necessary approvals to reopen from local
and regional authorities, including gaming regulators,
local law enforcement and health-department
officials.
"We have great faith in the future of
New Orleans, and we're pleased to be able to
open our doors again to our employees, our customers
and our neighbors," said Daniel R. Lee,
Pinnacle's Chairman and CEO. "We're determined
to do everything we can to help the region and
our employees rebuild."
Pinnacle Entertainment owns casinos in Nevada,
Mississippi, Louisiana, Indiana and Argentina,
owns a hotel in Missouri, and receives lease
income from two card club casinos in the Los
Angeles metropolitan area. The Company opened
a major casino resort in Lake Charles, Louisiana
in May 2005 and a new casino in Neuquen, Argentina
in July 2005. Pinnacle has also been selected
for two casino development projects in the St.
Louis, Missouri area. The casino operations
in St. Louis are dependent upon final approval
by the Missouri Gaming Commission.
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