Exhibit 99.1
PINNACLE ENTERTAINMENT, INC. 3800 Howard Hughes Parkway Las Vegas, Nevada 89109 NYSE: PNK |
FOR FURTHER INFORMATION
At the Company – (702) 784-7777:
Dan Lee Chairman & CEO | Steve Capp CFO | Wade Hundley COO | Chris Plant Lewis Fanger Investor Relations |
FOR IMMEDIATE RELEASE
February 15, 2005
Pinnacle Entertainment Announces Redemption of
Remaining 9.25% Senior Subordinated Notes
LAS VEGAS, February 15, 2005 — Pinnacle Entertainment, Inc. (NYSE: PNK - News) announced today that it redeemed $65,000,000 in aggregate principal amount of its remaining 9.25% Senior Subordinated Notes due 2007 at a redemption price of $1,015.42 per $1,000 principal amount, plus accrued and unpaid interest through (but not including) the redemption date.
The Company used substantially all of a drawing from its senior credit facility to effect the redemption of the remaining 9.25% Notes.
About Pinnacle Entertainment
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 metropolitan area. The Company is currently building a major casino resort in Lake Charles, Louisiana and has been selected for two casino development projects in the St. Louis, Missouri area. Each of these development projects is dependent upon final approval by the Louisiana Gaming Control Board and the Missouri Gaming Commission, respectively.