Pinnacle Entertainment, Inc. News
Pinnacle Entertainment Announces Commencement of Exchange Offer
LAS VEGAS, May 8 PRNewswire-FirstCall — Pinnacle Entertainment, Inc. (NYSE: PNK) today announced that it has commenced an offer to exchange up to $385 million aggregate principal amount of 7.50% Senior Subordinated Notes due 2015, which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of its outstanding 7.50% Senior Subordinated Notes due 2015, upon the terms and subject to the conditions set forth in the prospectus, dated May 8, 2008, and the related letter of transmittal, including any amendments or supplements thereto.
The exchange offer is scheduled to expire at 5:00 p.m. New York City time on June 6, 2008, unless otherwise extended or earlier terminated. The Bank of New York Trust Company, N.A., has been appointed as the exchange agent for the exchange offer.
A registration statement relating to the exchange offer was filed with and declared effective by the Securities and Exchange Commission. This press release is not an offer to sell or a solicitation of an offer to buy any security. The offer to exchange is being made solely by means of a prospectus.
A copy of the final prospectus related to the exchange offer and the related letter of transmittal may be obtained from The Bank of New York Trust Company, N.A., Bank of New York Mellon Corporation, Corporate Trust Operations, Reorganization Unit, 101 Barclay Street, Floor 7 East, New York, New York 10286, Attention: David Mauer.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates casinos in Nevada, Louisiana, Indiana, Missouri, Argentina and The Bahamas and has significant insurance claims related to a hurricane-damaged hotel and casino complex previously operated in Biloxi, Mississippi. The Company opened Lumiere Place, a $507 million casino hotel in downtown St. Louis, Missouri, in December 2007. Pinnacle also has a second casino development project under construction in the St. Louis area, which opening is dependent upon final approval by the Missouri Gaming Commission. Pinnacle is currently developing a second casino resort in Lake Charles, Louisiana, to be called Sugarcane Bay; is developing a casino resort in Baton Rouge, Louisiana, to be called Riviere; and has submitted a proposal for a casino resort in Kansas City, Kansas, subject to various approvals. Additionally, Pinnacle owns a casino site at the heart of the famed Boardwalk in Atlantic City, New Jersey, on which it plans to build a major new casino resort.
SOURCE Pinnacle Entertainment, Inc.
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