Pinnacle Entertainment Announce Settlement of Outstanding Litigation (PNK)

Pinnacle Entertainment PNK, Creative Casinos LLC, and the Lake Charles Harbor and Terminal District announced today a comprehensive settlement agreement that will resolve all litigation between the parties and lays the foundation for Lake Charles to become the preeminent casino resort destination in the South. Pinnacle Entertainment owns and operates L'Auberge du Lac in Lake Charles, the leading casino resort in Louisiana, offering 1,000 spacious rooms and suites, an exciting full-service casino, meeting space, a world-class salon and spa, a Tom Fazio-designed golf course and other amenities including a 1,400-seat entertainment venue and ten innovative dining outlets.  Creative Casinos was recently selected by the Louisiana Gaming Control Board to develop Mojito Pointe, a 400-room casino hotel on a site adjacent to L'Auberge.  The District is a state agency charged with fostering economic development in Southwest Louisiana, and also leases to Pinnacle and Creative the combined 500-acre site that L'Auberge occupies and Mojito Pointe plans to develop.