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Pinnacle Entertainment Announces Extension of Exchange Offer
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LAS VEGAS, June 9 /PRNewswire-FirstCall/ — Pinnacle Entertainment, Inc. today announced that it has extended the expiration date of its offer to exchange up to $385,000,000 in aggregate principal amount of its currently outstanding 7.50% Senior Subordinated Notes due 2015 that were issued and sold in transactions exempt from registration under the Securities Act of 1933, as amended (the “Original Notes”) for up to $385,000,000 in aggregate principal amount of its new 7.50% Senior Subordinated Notes due 2015 that have been registered with the Securities and Exchange Commission. The offer, which was scheduled to expire at 5:00 p.m., New York City time, on Friday, June 6, 2008, has been extended until 5:00 p.m., New York City time, on Monday, June 9, 2008, unless extended.
The extension has been made to allow holders of outstanding Original Notes who have not yet tendered their Original Notes to do so. As of the close of business on June 6, 2008, approximately $384,930,000 in aggregate principal amount of Senior Subordinated Notes had been validly tendered for exchange and not withdrawn. The Bank of New York Trust Company, N.A., has been appointed as the exchange agent for the exchange offer.
This announcement does not constitute an offer to sell or buy any security or a solicitation of any offer to buy securities. The exchange offer is being made by means of a prospectus dated May 8, 2008, filed with the Securities and Exchange Commission.
A copy of the final prospectus related to the exchange offer and the related letter of transmittal may be obtained from The Bank of New York Trust Company, N.A., Bank of New York Mellon Corporation, Corporate Trust Operations, Reorganization Unit, 101 Barclay Street, Floor 7 East, New York, New York 10286, Attention: David Mauer.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates casinos in Nevada, Louisiana, Indiana, Missouri, Argentina and The Bahamas and has significant insurance claims related to a hurricane-damaged hotel and casino complex previously operated in Biloxi, Mississippi. The Company opened Lumiere Place, a $507 million casino hotel in downtown St. Louis, Missouri, in December 2007. Pinnacle also has a second casino development project under construction in the St. Louis area, which opening is dependent upon final approval by the Missouri Gaming Commission. Pinnacle is currently developing a second casino resort in Lake Charles, Louisiana, to be called Sugarcane Bay; is developing a casino resort in Baton Rouge, Louisiana; and has submitted a proposal for a casino resort in Kansas City, Kansas, subject to various approvals. Additionally, Pinnacle owns a casino site at the heart of the famed Boardwalk in Atlantic City, New Jersey, on which it plans to build a major new casino resort.
Pinnacle Entertainment, Inc.
