Pinnacle Entertainment Invests $96 Million in Vietnam Casino Developer

 Pinnacle Entertainment Inc., a Las Vegas-based casino owner, last week paid $96 million for a 26 percent stake in Asian Coast Development Ltd., a Canadian developer of casinos and housing projects in Vietnam. Pinnacle also will manage a new beachfront resort that Asian Coast is planning to build 80 miles southeast of Ho Chi Minh City in Vietnam. The property will be on the Ho Tram Strip, a rapidly developing 400-acre resort and gaming destination, and would be the second hotel planned for the area after the MGM Grand Ho Tram, a 1,100-room casino hotel that will open its first phase in 2013.