Gaming News

Pinnacle Delays Tower Project

BILOXI, Mississippi – As reported by the Associated Press: "Construction on a second hotel tower at Casino Magic Casino in Biloxi is being pushed back at least a year while Pinnacle Entertainment of Las Vegas builds a gambling resort in Lake Charles, La.

"…Work started on the $325 million Lake Charles casino during the summer. Pinnacle hopes to open the casino, the recipient of Louisiana's 15th and final riverboat gambling license, late next year.

"…The flat growth of the coast casino market and a 2 percent drop in revenue at Casino Magic Biloxi during the first half of the year were also factors in delaying construction of the hotel tower, Ferrucci said…"

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