LAS VEGAS and ST. LOUIS, USA Sept. 12, 2011 /PRNewswire/ — Pinnacle Entertainment, Inc. (NYSE: PNK) today announced a planned $82 million expansion at its River City Casino in south St. Louis County which will further extend the property’s market-distinct guest amenities and entertainment offerings. River City, which opened in March 2010, will add a 200-room hotel, a 10,000 square-foot multi-purpose event center and a covered parking structure with approximately 1,700-spaces. Construction on the expansion project is scheduled to begin in the first quarter of 2012 with an expected completion in the second half of 2013. The $82 million project will create nearly 100 permanent jobs and 350 construction-related jobs.
“Since River City’s opening 18 months ago, we have continued to garner very favorable guest responses for the gaming, dining, entertainment and other guest amenities featured at the property,” said Neil Walkoff, Pinnacle’s Senior Vice President responsible for River City Casino and its sister property, Lumiere Place Casino & Hotels. “The addition of a hotel, multi-purpose event center and covered parking highlights our commitment to distinguishing the property, will further elevate the level of leading guest amenities offered at River City, and benefits our efforts to grow our customer base in the market.”
“Our River City and Lumiere Place facilities each offer distinct entertainment options in the greater St. Louis market and appeal to a broad base of consumers in the region that are increasingly choosing Pinnacle’s properties as their destination of choice for gaming, dining and entertainment,” said Pinnacle Entertainment President and CEO Anthony Sanfilippo. “We believe this investment will promote the growth of tourism in this market, specifically in south St. Louis County and the city of Lemay.”
About River City Casino
River City Casino, which opened in March 2010, is located approximately 10 miles south of downtown St. Louis. The multi-use complex includes a 90,000-square-foot casino with more than 2,100 slot machines and 55 table games, including poker, several restaurants, and other amenities. An expansion, scheduled for completion in the second half of 2013, will include a 200-room hotel, a 10,000 square-foot multi-purpose center and a covered parking structure with approximately 1,700 spaces. River City Casino is located at 777 River City Casino Blvd., St. Louis, MO 63125. Call 888-578-7289 or visit www.rivercity.com for information.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates seven casinos, located in Louisiana, Missouri, Indiana and Nevada, and a racetrack in Ohio. The Company is also developing L’Auberge Casino & Hotel Baton Rouge, which is scheduled to open in the summer of 2012. In August 2011, Pinnacle acquired 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.
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.
River City and Lumiere Place are registered trademarks of Pinnacle Entertainment, Inc. All rights reserved.
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