Free-Play Blackjack
Free-Play Table Games
Free-Play Slots
Free-Play Poker
Free-Play Video Poker
500 Nations Casino

Table Games

Sugarcane Bay casino project is cancelled

#1 Casino Choice of U.S. Players
Blackjack • Slots • Tables • Live Dealer • Video Poker • Crypto
0 $3,000 Casino Welcome Bonus!
0 $3,750 Crypto Welcome Bonus!  BOVADA CASINO
April 15, 2010

An announcement came on Thursday that Pinnacle Entertainment Inc. will not be building the Sugarcane Bay Project. This was to be a riverboat casino and hotel built next to the L'Auberge du Lac Casino Resort at a cost of $305 million.

Pinnacle stated that they were going to focus on their existing operations in Louisiana. The company also stated the cancelation was due to "disciplined capital spending and expansion". However, there are still plans for the Baton Rouge development. This will include 50 table games, 1,300 slot machines, and 100 hotel rooms.

The recession has affected the casinos since gamblers are spending less on amenities, table games, and slots. There is also an increase in new casino creating more competition.

Fourth-quarter results for Pinnacle were released in February. The report stated that around $70 million was already spent on the Sugarcane Bay Project. Pinnacle also said it lost $242 million. To help offset the revenue drop, cost cuts had to be made.

Return to Louisiana Casinos.

Disclaimer: All images are copyright to their respective owners and are used by 500 Nations for informational purposes only.

500 Nations is an independent directory and information service free of any gaming operator's control and not affiliated with any casino.
Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located.