September 14, 2005

Pinnacle Entertainment and city officials broke ground last Wednesday on a $400 million casino development in downtown St. Louis. The ceremony occurred one day after Pinnacle closed on a $38 million purchase of the 297-suite Embassy Suites Hotel St. Louis Downtown, which the company plans to attach to its new casino via an elevated pedestrian walkway. The 18-acre development will include a 90,000-square-foot casino with 2,000 slot machines, a new 200-room luxury hotel, a spa, a business center, restaurants and 12,000 square feet of meeting space. Pinnacle also is developing a $375 million casino in Lemay, Mo., in south St. Louis County. In addition to a casino and hotel, the Lemay project calls for construction of a county park, an outdoor amphitheater, and a retail, sports and entertainment complex. Pinnacle predicts a 2007 opening for the downtown project, with the Lemay complex to follow in 2008.