Atlantic City - The sprawling dirt site where Pinnacle Entertainment's USD 1.5 billion megaresort is supposed to rise will remain vacant for at least two more years. Construction will start no earlier than 2010 - if ever - on the now-cleared land where the old Sands Casino Hotel once stood, Pinnacle Chairman Dan Lee said Wednesday while giving a cautious update on the project. Lee put the odds of Pinnacle ever building the new casino at 50 percent...
Pinnacle Entertainment will build its second Lake Charles riverboat casino at its site, instead of using a shipyard, state gambling regulators were told this week. The Louisiana Gaming Control Board unanimously approved Las Vegas-based construction plan for the company’s USD 350 million Sugarcane Bay resort, located near its current L’Auberge Du Lac casino. Cliff Kortman, Pinnacle’s president of design and construction, said the current oil boom in the Gulf of Mexico has resulted in enough shipbuilding to keep Pinnacle from getting a shipyard until late 2011.
Pinnacle Entertainment has delayed construction plans for a proposed USD 1.5 billion megaresort in Atlantic City and said it may even abandon the project entirely if credit markets do not improve. The original plan was to begin redeveloping the site of the old Sands Casino Hotel late in 2008, but that start date has been postponed until the second half of 2009, if it does in fact begin at all.
Pinnacle Entertainment informed that voters in East Baton Rouge Parish approved the development and construction of Riviere, the company’s USD 250 million gaming entertainment complex that will be built on more than 222 hectares in Baton Rouge, Louisiana. The gaming resort project will offer sweeping views of the Mississippi River similar to Pinnacle’s USD 507 million Lumiere Place casino and entertainment complex located by the river in downtown St. Louis.
Pinnacle Entertainment, the Las Vegas-based gaming and entertainment company, has proposed two locations for a destination resort and casino in Wyandotte County. Except for their locations, the proposals are nearly identical in architecture and amenities. Pinnacle’s first proposal is near the interchange of Interstate 435 and Parallel Parkway; the second proposal would be located at the future interchange at I-435 and Donahoo Road.
Pinnacle Entertainment announced that the Louisiana Gaming Control Board has approved its plans for a hotel and gaming entertainment project on more than 222.5 hectares of land that the company owns or has under contract in Baton Rouge. The master-planned development requires various other approvals, including a local-option referendum in East Baton Rouge Parish, which the company will seek to put on the ballot in February 2008, and adherence to certain conditions imposed by the Louisiana Gaming Control Board.
By a vote of 7-0, the Metro Council voted Wednesday to file a lawsuit and use any legal means necessary to get information about the economic impact of Pinnacle Entertainment’s proposed riverboat casino project in south Baton Rouge. Pinnacle had released an economic impact study in May, but declined through its lawyers to release a revised study that it recently submitted to the Louisiana Gaming Control Board.
The third time is a charm. At least, that is what the developers of the proposed Pinnacle Las Vegas are hoping. The Falconi Group recently named its third general contractor for the planned USD 740 million, 1,100-unit condominium-hotel development at Tropicana and Cameron avenues, across from The Orleans. Dick Pacific Construction, a unit of Pittsburgh-based Dick Corp., has replaced Marnell Corrao Associates as builder. Marnell was the general contractor until two months ago. A reason for the change wasn't explained.
