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Pinnacle Entertainment Receives Louisiana Gaming License Renewals

LAS VEGAS – (PRESS RELEASE) -- Pinnacle Entertainment, Inc. (NYSE: PNK) announced today that the Louisiana Gaming Control Board unanimously approved gaming license renewals for the Company's two current Louisiana casinos, Boomtown New Orleans and Boomtown Bossier City. Both renewals extend the gaming licenses for an additional five years.

Pinnacle Entertainment also announced today that the Louisiana Gaming Control Board unanimously approved the Company's request to modify the licensing conditions for L'Auberge du Lac, currently under construction in Lake Charles, Louisiana. The approval extends the deadline to complete construction of L'Auberge by 60 days, from March 12 to May 12, 2005.

"We would like to thank the Control Board for their approval of this deadline extension," said Daniel R. Lee, Chairman and CEO of Pinnacle Entertainment. "Despite record levels of rainfall over the past year in Lake Charles, L'Auberge remains on-schedule for an opening in Spring 2005 and on-budget for $365 million."

Pinnacle Entertainment owns and operates casinos in Nevada, Mississippi, Louisiana, Indiana and Argentina, and receives lease income from two card club casinos, both in the Los Angeles metropolitan area. The Company is currently building a major casino resort in Lake Charles, Louisiana and has been selected for two casino development projects in the St. Louis, Missouri area. Each of these development projects is dependent upon final approval by the Louisiana Gaming Control Board and the Missouri Gaming Commission, respectively.

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