Pinnacle Entertainment, Inc. (NYSE: PNK) announced the opening of The Casino at Emerald Bay, located on the picturesque island of Great Exuma in the Bahamas. The Casino at Emerald Bay adjoins the Four Seasons Resort Great Exuma and is the first and only casino on the island.
"The Casino at Emerald Bay adds an air of excitement to the magnificent resort experience on the island of Great Exuma," said Daniel R. Lee, Chairman and CEO of Pinnacle Entertainment. "Guests travel to Great Exuma from around the United States and the world and this will create yet another reason for them to visit more often and stay longer. We are honored to be a part of such an important tourism component."
Set in a contemporary and comfortable 5,000 square-foot setting, The Casino at Emerald Bay offers guests the distinct experience of a sophisticated casino environment infused with a taste of Bahamian flavor. The casino includes approximately 65 slot machines and eight table games, including blackjack, craps and roulette.
The Casino at Emerald Bay is open seven days a week. Guests must be 18 years or older to gamble.
About Pinnacle Entertainment
Pinnacle Entertainment owns and operates casinos in Nevada, Louisiana, Indiana, Argentina, and the Bahamas, owns a hotel in Missouri, receives lease income from a card club casino in the Los Angeles metropolitan area, and owns a casino site and has significant insurance claims related to a hurricane-damaged casino previously operated in Biloxi, Mississippi. Pinnacle also has two casino development projects in the St. Louis, Missouri area, which are dependent upon final approval by the Missouri Gaming Commission.
All statements included in this press release, other than historical information or statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the Company's construction projects and new development opportunities, 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 Entertainment 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) many construction-related factors could prevent the Company from completing its construction and development projects within budget and on time; (b) because the Company has considerable leverage, future cash flows may not be sufficient to meet its financial obligations and the Company might have difficulty obtaining additional financing; (c) the risk that the proposed St. Louis projects, proposed expansions to the existing facilities, proposed acquisitions, and other capital intensive projects could strain the Company's financial resources and the risk that such projects and new developments might not provide for a sufficient return, if any; (d) the results of the damage from Hurricanes Katrina and Rita, and insurance proceeds available to the Company, including the impact to communities surrounding the Company's affected properties and issues that could arise with respect to our insurance policies that could reduce or significantly delay the receipt of insurance proceeds; (e) the results of the damage from Hurricanes Katrina and Rita, and insurance proceeds available to the Company, including the impact to communities surrounding the Company's affected properties and issues that could arise with respect to our insurance policies that could reduce or significantly delay the receipt of insurance proceeds; (f) the decisions of the Company's competitors to rebuild or reopen their facilities in the New Orleans and Lake Charles markets could create additional competition in those markets and thus makes future operating results at those properties less predictable; (g) L'Auberge du Lac may not achieve its forecasted financial results; and (h) other risks, including those as may be detailed from time to time in Pinnacle Entertainment'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 its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.
FOR FURTHER INFORMATION
At the Company - (702) 784-7777:
Dan Lee, Chairman & CEO
Wade Hundley, President
Steve Capp, CFO
Chris Plant or Lewis Fanger, Investor Relations
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