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.