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Pinnacle Entertainment to Develop Missouri Casino Project11 February 2004ST. LOUIS, Missouri – (Press Release) -- A St. Louis County selection committee today named Pinnacle Entertainment, Inc. (NYSE: PNK) as the developer of choice for a new gaming location in south St. Louis County. This decision marks the second award for Pinnacle in the past month, the first being Pinnacle's selection on January 15 by the City of St. Louis to develop a gaming facility and hotel in downtown St. Louis. The planned $300 million development in the community of Lemay will feature a range of non-gaming amenities alongside the casino, including an extensive county park, a multiplex movie theater, a bowling alley and a first- class hotel. "We are delighted that the selection committee has selected us for this exciting project," said Dan Lee, Pinnacle Entertainment Chairman and CEO. "This is a vote of confidence in both the strength of our proposal and in the vibrancy of the St. Louis market. We look forward to working closely with the County to bring this premier development to fruition. "This facility will provide south St. Louis County with much needed economic development," added Lee. "We have worked hard to create unique projects that work well for the very different locations in the City and County of St. Louis. We appreciate the confidence and responsibility that each of these jurisdictions have placed in our company." Subject to the issuance of a gaming license by the Missouri Gaming Commission to Pinnacle Entertainment for this location, the Company estimates completion of the casino and hotel in 2006 or early 2007. |