L’Auberge du Lac Temporarily Suspends Operations Due to Hurricane Rita

LAS VEGAS, Sept. 22 /PRNewswire-FirstCall/ — Pinnacle Entertainment, Inc. (NYSE:PNK) announced today that L’Auberge du Lac, the Company’s casino resort in Lake Charles, Louisiana, is in the process of closing in preparation for Hurricane Rita, which is expected to pass through or near Lake Charles within the next 48 hours. L’Auberge du Lac is approximately 30 miles from the Gulf of Mexico along the Calcasieu River. Management is also monitoring the situation carefully vis-a-vis the Company’s properties in Bossier City and Harvey, Louisiana.

In response to investor inquiries, Pinnacle noted, as it had indicated following Hurricane Katrina, that the Company has in force some $400 million of insurance policies for business interruption and property insurance. Such insurance is placed with an assortment of insurance carriers, all of which currently are rated A- or better. The insurance is underwritten on a basis that any claims pursuant to one named hurricane do not diminish the potential $400 million claim from a subsequent, different hurricane.

About Pinnacle Entertainment

Pinnacle Entertainment owns casinos in Nevada, Mississippi, Louisiana, Indiana and Argentina, owns a hotel in Missouri, and receives lease income from two card club casinos in the Los Angeles metropolitan area. The Company opened a major casino resort in Lake Charles, Louisiana in May 2005 and a new casino in Neuquen, Argentina in July 2005. Pinnacle has also been selected for two casino development projects in the St. Louis, Missouri area. The casino operations in St. Louis are dependent upon final approval by the Missouri Gaming Commission.

All statements included in this press release, other than historical information or statements of historical fact, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the Company’s new development opportunities, anticipated construction schedules and costs, and anticipated job creation are based on management’s current expectations and are subject to risks, uncertainties and changes in circumstances that could significantly affect future results. Accordingly, Pinnacle Entertainment cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to, (a) construction-related factors that could prevent the Company from completing its construction and development projects within budget and on time; (b) having adequate funding and cash flows to complete its construction projects; (c) the risk that the proposed St. Louis projects and other capital intensive projects could strain the Company’s financial resources; (d) the results of the damage from Hurricane Katrina and insurance proceeds available to the Company; and (e) other risks, including those as may be detailed from time to time in Pinnacle Entertainment’s filings with the Securities and Exchange Commission (“SEC”). For more information on the potential factors that could affect the Company’s financial results and business, review the Company’s filings with the SEC, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.

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