Casino Operator Pinnacle Expects to Inject $550 Million - 2004-02-16
The casino operator is urging vehemently to raise revenue, upgrade its blend of properties and make a departure from its past.
Pinnacle's plan to invest $550 million in casino developments in downtown St. Louis and Lemay are a crucial aspect of that evolution, insists Daniel R. Lee, chairman and chief executive.
Pinnacle's project on the Landing features a casino with 2,000 slot machines and 40 table games, a 200-room hotel and a 2,000-space parking garage. The company also promised to spend $50 million on housing, possibly in a condominium tower.
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