Pinnacle Announces Pricing of Public Offering

28th Jan 2004

Pinnacle Entertainment, Inc. today announced that the underwritten public
offering of its 10 million newly issued shares of common stock has been
priced at $11.15 per share which will result in gross proceeds to Pinnacle
of approximately $111.5 million. The offering has been increased to 10
million shares from its originally announced size of 8 million shares.
Deutsche Bank Securities Inc. is acting as sole book-running manager of
the offering. In addition, Bear, Stearns & Co. Inc. and Lehman Brothers
are acting as joint lead managers of the offering and SG Cowen is acting
as co-manager of the offering.

The underwriters of the offering also have a 30 day option to purchase an
additional 1.5 million shares of common stock from Pinnacle to cover any
over-allotments. The offering is expected to close on February 2, 2004,
subject to customary closing conditions.

Copies of the prospectus supplement relating to the offering may be
obtained from Deutsche Bank Securities Inc., Attention: Syndicate, 60 Wall
Street, 4th Floor, New York, New York 10005, when available.

The shares are being offered pursuant to an effective shelf registration
statement on file with the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of an
offer to buy common stock nor shall there be any sale of such securities
in any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

Pinnacle Entertainment owns and operates eight casinos (four with hotels)
in Nevada, Mississippi, Louisiana, Indiana and Argentina, and receives
lease income from two card club casinos, both in the Los Angeles
metropolitan area. The Company is also developing a major casino resort in
Lake Charles, Louisiana and has proposed two new developments in St.
Louis, Missouri.



Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation