Pinnacle Entertainment
Encyclopedia
Pinnacle Entertainment Inc. is a gaming and hospitality company based in the Las Vegas Valley
, Nevada
that was created in 1938. It owns and operates casinos in the United States
and Argentina
.
. At the time, the company ran thoroughbred
and greyhound
racing
facilities. Incorporated in 1981 under the name Hollywood Park Realty Enterprises, Inc.. That was followed in 1992, when as part of a restructuring, it was renamed Hollywood Park, Inc. and listed on the NYSE. In February 2000, the company became known as Pinnacle Entertainment, Inc. after selling Hollywood Park to Churchill Downs Incorporated
.
in Atlantic City, New Jersey
and would tear it down to build a $1.5 billion resort. The property was closed on November 11, 2006 and demolished on October 18, 2007. Harsh economic times later caused Pinnacle to delay construction of the new resort. In February 2010, the company announced that it had canceled its construction plans and would instead seek to sell the land.
On December 21, 2006, Pinnacle completed the purchase of the President Casino in St. Louis, Missouri.
On February 9, 2008 voters in East Baton Rouge Parish, Louisiana approved a referendum allowing for the development of Pinnacle's Rivière Resort in Baton Rouge, Louisiana which will be larger than both of the competing riverboats in Baton Rouge combined.
On November 9, 2009, chief executive officer Dan Lee was forced out by the company's board of directors after he physically confronted and threatened a St. Louis (Missouri) County gaming regulator.
On July 7, 2010, the company announced that it had completed the sale of all of the Argentina casinos for $40 million.
Spring Valley, Nevada
Spring Valley is an unincorporated town in Clark County, Nevada, United States located two miles west of the Las Vegas Strip. The population was 117,390 at the 2000 census.-Background:...
, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
that was created in 1938. It owns and operates casinos in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
.
Company names over time
Hollywood Park Entertainment was established in 1938 by movie mogul Jack L. Warner when it acquired the Hollywood Turf Club and was based in Inglewood, CaliforniaInglewood, California
Inglewood is a city in southwestern Los Angeles County, California, southwest of downtown Los Angeles. It was incorporated on February 14, 1908. Its population stood at 109,673 as of the 2010 Census...
. At the time, the company ran thoroughbred
Thoroughbred
The Thoroughbred is a horse breed best known for its use in horse racing. Although the word thoroughbred is sometimes used to refer to any breed of purebred horse, it technically refers only to the Thoroughbred breed...
and greyhound
Greyhound
The Greyhound is a breed of sighthound that has been primarily bred for coursing game and racing, and the breed has also recently seen a resurgence in its popularity as a pedigree show dog and family pet. It is a gentle and intelligent breed...
racing
Racing
A sport race is a competition of speed, against an objective criterion, usually a clock or to a specific point. The competitors in a race try to complete a given task in the shortest amount of time...
facilities. Incorporated in 1981 under the name Hollywood Park Realty Enterprises, Inc.. That was followed in 1992, when as part of a restructuring, it was renamed Hollywood Park, Inc. and listed on the NYSE. In February 2000, the company became known as Pinnacle Entertainment, Inc. after selling Hollywood Park to Churchill Downs Incorporated
Churchill Downs Incorporated
Churchill Downs Incorporated is the parent company of Churchill Downs. The company owns several other thoroughbred and standardbred racetracks.-History:...
.
History
On September 5, 2006, Pinnacle announced that it purchased Sands Casino HotelSands Atlantic City
The Sands Casino Hotel was a casino and hotel that operated from August 31, 1980 until November 11, 2006 in Atlantic City, New Jersey. It was formerly known as the Brighton Hotel & Casino. It consisted of a 21-story hotel tower with 532 rooms and a 5-story podium housing the casino and various...
in Atlantic City, New Jersey
Atlantic City, New Jersey
Atlantic City is a city in Atlantic County, New Jersey, United States, and a nationally renowned resort city for gambling, shopping and fine dining. The city also served as the inspiration for the American version of the board game Monopoly. Atlantic City is located on Absecon Island on the coast...
and would tear it down to build a $1.5 billion resort. The property was closed on November 11, 2006 and demolished on October 18, 2007. Harsh economic times later caused Pinnacle to delay construction of the new resort. In February 2010, the company announced that it had canceled its construction plans and would instead seek to sell the land.
On December 21, 2006, Pinnacle completed the purchase of the President Casino in St. Louis, Missouri.
On February 9, 2008 voters in East Baton Rouge Parish, Louisiana approved a referendum allowing for the development of Pinnacle's Rivière Resort in Baton Rouge, Louisiana which will be larger than both of the competing riverboats in Baton Rouge combined.
On November 9, 2009, chief executive officer Dan Lee was forced out by the company's board of directors after he physically confronted and threatened a St. Louis (Missouri) County gaming regulator.
On July 7, 2010, the company announced that it had completed the sale of all of the Argentina casinos for $40 million.
United States
- Baton Rouge Project - Baton Rouge, Louisiana (under development)
- Belterra Casino Resort & SpaBelterra Casino Resort & SpaBelterra Casino Resort & Spa is a riverboat casino operated by Pinnacle Entertainment. It is located in Switzerland County, Indiana near Florence, roughly halfway between the large cities of Louisville, Kentucky and Cincinnati, Ohio. Due to state law gambling operations are on a riverboat which is...
- Belterra, Indiana - Boomtown Bossier City - Bossier City, Louisiana
- Boomtown Casino & Hotel RenoBoomtown Casino & Hotel RenoBoomtown Casino & Hotel Reno is a resort owned and operated by Pinnacle Entertainment Inc. in Verdi, Nevada, just west of the Reno–Sparks metropolitan area. The hotel has 318 guest rooms and suites, and the casino has a gaming area...
- Reno, Nevada - Boomtown Casino New OrleansBoomtown Casino New OrleansBoomtown Casino New Orleans is a riverboat casino located on the West Bank of Jefferson Parish in Harvey, Louisiana. It is on a site. Boomtown is owned by Pinnacle Entertainment.-Casino:...
Harvey, Louisiana - L'Auberge du Lac ResortL'Auberge du Lac Resort-History:The state of Texas does not allow casino gambling and, as a result, the gaming industry has flourished along Louisiana's border with that state...
- Lake Charles, Louisiana - Lumière Place (casino and hotels)Lumière Place (casino and hotels)Lumière Place is a Saint Louis, Missouri casino and hotel resort owned and operated by Pinnacle Entertainment .-History:Located in historic downtown St. Louis, Lumière Place opened on December 19, 2007. The resort overlooks the Mississippi River and sits less than one mile from the St. Louis Arch...
- Saint Louis, Missouri - President Casino Laclede's LandingPresident Casino Laclede's LandingPresident Casino Laclede's Landing was a stationary riverboat casino in Saint Louis, Missouri owned by Pinnacle Entertainment.The casino was part of Pinnacle's two-casino Lumiere Place complex at Laclede's Landing .The President is the current name for the SS Admiral which was the...
- Saint Louis, Missouri CLOSED - River City CasinoRiver City CasinoRiver City Casino is a casino in the greater St. Louis, Missouri area. Owned by Pinnacle Entertainment, it opened on March 4, 2010.-History:Located in Lemay, Missouri, River City Casino is on the western bank of the Mississippi River. The property's decor uses a 1904 World’s Fair theme...
- Saint Louis, Missouri - Sugarcane Bay Casino Resort - Lake Charles, Louisiana (canceled)