BATON ROUGE, La. and LAS VEGAS, May 16, 2011 /PRNewswire/ -- Pinnacle Entertainment, Inc. (NYSE: PNK) today announced the name of its newest casino hotel destination -- L'Auberge Casino & Hotel Baton Rouge. Set to open in the summer of 2012, L'Auberge Casino & Hotel Baton Rouge will extend the brand of the Company's flagship property, L'Auberge du Lac Casino Resort in Lake Charles, Louisiana.
Anthony Sanfilippo, President and Chief Executive Officer of Pinnacle Entertainment, commented, "Throughout the South, the L'Auberge brand is associated with warm, friendly and welcoming service along with memorable experiences for our guests, as well as quality lodging, dining, entertainment and gaming. We believe that L'Auberge Baton Rouge will transform the entertainment experience for Baton Rouge residents and regional visitors alike."
Mickey Parenton, Vice President and General Manager of L'Auberge Casino & Hotel Baton Rouge, said, "Our vision is to create a special destination for the residents of Baton Rouge. With its sweeping views of the Mississippi River, L'Auberge Baton Rouge will be stunning. We look forward to welcoming guests to L'Auberge Baton Rouge in 2012."
"Our team members are as important to our success as the design of our facility," added Parenton. "L'Auberge Baton Rouge is expected to create more than 1,000 new permanent jobs in the market, and toward the end of this year we will open an employment center to help find new members for our Baton Rouge team. As in Lake Charles, L'Auberge Baton Rouge is expected to become an employer of choice for the region."
L'Auberge Casino & Hotel Baton Rouge will feature a single-level, 30,000-square-foot gaming floor with 1,500 slot machines and 51 table games, including a poker room; a hotel with 206 guestrooms and a rooftop pool; a multi-purpose event center with concert seating for up to 1,400 people or banquet seating for up to 800 people; a covered parking garage; and unique dining and entertainment venues overlooking the Mississippi River. Representing a $357 million investment, L'Auberge Casino & Hotel Baton Rouge is expected to open in the summer of 2012, pending regulatory approval. A complete project fact sheet and project webcam can be found at www.pnkinc.com under the "New Developments" section.
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.
All statements included in this press release, other than historical information or statements of historical fact, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements, including statements regarding the expected opening date, construction schedules, budget and amenities of the Company's Baton Rouge project, are based on management's current expectations and are subject to risks, uncertainties and changes in circumstances that could significantly affect future results. Accordingly, Pinnacle cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those
reflected by such statements. Such factors include, but are not limited to: (a) the Company will have to meet the conditions for receipt or maintenance of gaming licensing approvals for the Baton Rouge project, some of which are beyond its control; (b) many factors, including the escalation of construction costs beyond increments anticipated in its construction budget and abnormal Mississippi River water levels which prevent construction work, could prevent the Company from completing its Baton Rouge project within budget and on time and as required by the conditions of the Louisiana Gaming Control Board; and (c) other risks, including those as may be detailed from time to
time in the Company's filings with the Securities and Exchange Commission ("SEC"). For more information on the potential factors that could affect the Company's financial results and business, review the Company's filings with the SEC, including, but not limited to, its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.
SOURCE Pinnacle Entertainment, Inc.