Pinnacle Entertainment's (PNK) River City Casino Opening Moved Up to Early March 2010
Pinnacle Entertainment, Inc. (NYSE: PNK) today announced that the opening date for its River City casino project in south St. Louis County, Missouri has been moved up to early March 2010, subject to final regulatory approval by the Missouri Gaming Commission. Previously, the opening had been slated for spring 2010.
Located in the south St. Louis County community of Lemay, River City will include a 90,000-square-foot casino with more than 2,000 slot machines and approximately 55 table games. This exciting suburban entertainment center also will feature a variety of dining options, including the award-winning Jeff Ruby's Steakhouse; a buffet with seating for more than 350; a tavern; a contemporary café; and a classic burger joint. River City represents a cash investment of approximately $357 million, plus capitalized interest in the mid-$20 million range, non-cash rent and operating cash. The project has generated approximately 600 construction-phase jobs and is expected to create more than 1,000 permanent jobs for the region.
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