Hotel Online  Special Report


Pinnacle Entertainment, Inc. Acquires the 297-suite Embassy Suites
Hotel - St. Louis-Downtown from FelCor for $38 million
Acquisition Part of Master Plan for New Casino Resort

LAS VEGAS, Sept. 6, 2005 - Pinnacle Entertainment, Inc. (NYSE: PNK) announced that it has closed on its purchase of the 297-suite Embassy Suites Hotel(R) - St. Louis-Downtown from FelCor Lodging Trust.  The hotel, purchased for $38 million, is adjacent to the Company's planned casino, luxury hotel and spa.
"With this important purchase complete, we will now move to renovate the hotel and incorporate it into the design of our neighboring casino and luxury hotel," said Daniel R. Lee, Chairman and CEO of Pinnacle Entertainment.  "We look forward to incorporating the Embassy Suites Hotel(R) into our portfolio."
The Company said it will attach the Embassy Suites to the new casino and luxury hotel through an elevated pedestrian walkway, incorporating it directly into the new project.  "This purchase is an important piece in our ability to master plan a new entertainment district and community in downtown St. Louis," Lee said.
Pinnacle Entertainment was selected for two St. Louis-area projects in early 2004 by the City and County of St. Louis, and then by the Missouri Gaming Commission in competitive bid processes that included applications from several gaming companies.

About Pinnacle Entertainment
Pinnacle Entertainment owns casinos in Nevada, Mississippi, Louisiana, Indiana and Argentina, owns a hotel in Missouri, and receives lease income from two card club casinos in the Los Angeles metropolitan area.  The Company opened a major casino resort in Lake Charles, Louisiana in May 2005 and a new casino in Neuquen, Argentina in July 2005.  Pinnacle has also been selected for two casino development projects in the St. Louis, Missouri area.  The casino operations in St. Louis 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.


Pinnacle Entertainment, Inc.
Dan Lee, Chairman & CEO
(702) 784-7777 

Also See: Owned by Mr. John Q. Hammons, 296-suite Embassy Suites Opens in Historic St. Charles, Missouri / July 2005
Pinnacle Entertainment Expects to Invest $800 million in Two St. Louis, Missouri Area Hotel-Casino Projects / August 2005


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