Casino Owner Pinnacle Expects to Invest $550 Million - 2004-02-15
Pinnacle Entertainment Inc. is a company in a rush.
The casino owner is pushing hard to grow revenue, upgrade its blend of properties and clean up its past.
Pinnacle's intention to invest $550 million in casino developments in downtown St. Louis and Lemay are a key aspect of that evolution, says Daniel R. Lee, chairman and chief executive.
Pinnacle's vision for the district -- the nation's eighth-largest casino market -- added to the success of its latest offering of 11.5 million additional shares and the accompanying increase in its stock price, Lee stated.
Read the full story at Miami Herald