Pinnacle Entertainment Weighs Initial Hurricane Damage

Pinnacle Entertainment, Inc. announced last week its initial assessment of the damage caused by Hurricane Katrina, which struck the Gulf Coast area on Monday, August 29.

Preliminary reports indicate that no employees or guests were injured at the Company´s Boomtown New Orleans casino in Harvey, La., or at its Casino Magic Biloxi property, which is located in the particularly hard-hit area of Biloxi, Miss.

Initial surveys show that the Boomtown New Orleans property has sustained minor to moderate damage, while Casino Magic Biloxi has sustained substantial damage to the floating casino and 22-story hotel.

Company executives plan to inspect the sites directly as soon as practicable, pending the approval of regional emergency coordinators. None of the Company´s other properties were damaged by Hurricane Katrina.

Pinnacle Entertainment owns and operates casinos in Nevada, Mississippi, Louisiana, Indiana and Argentina, and receives lease income from two card club casinos, both in the Los Angeles metro area.