September 12, 2011
Pinnacle Entertainment, Inc. today announced a planned $82 million expansion
at its River City Casino in south St. Louis County which will further extend the
property's market-distinct guest amenities and entertainment offerings. River
City, which opened in March 2010, will add a 200-room hotel, a 10,000
square-foot multi-purpose event center and a covered parking structure with
approximately 1,700-spaces. Construction on the expansion project is scheduled
to begin in the first quarter of 2012 with an expected completion in the second
half of 2013. The $82 million project will create nearly 100 permanent jobs and
350 construction-related jobs.
"Since River City's opening 18 months ago, we have continued to garner very
favorable guest responses for the gaming, dining, entertainment and other guest
amenities featured at the property," said Neil Walkoff, Pinnacle's Senior Vice
President responsible for River City Casino and its sister property, Lumiere
Place Casino & Hotels. "The addition of a hotel, multi-purpose event center and
covered parking highlights our commitment to distinguishing the property, will
further elevate the level of leading guest amenities offered at River City, and
benefits our efforts to grow our customer base in the market."
"Our River City and Lumiere Place facilities each offer distinct entertainment
options in the greater St. Louis market and appeal to a broad base of consumers
in the region that are increasingly choosing Pinnacle's properties as their
destination of choice for gaming, dining and entertainment," said Pinnacle
Entertainment President and CEO Anthony Sanfilippo. "This investment in River
City reflects the importance of this market to Pinnacle and demonstrates our
ongoing commitment to ensure we can continue to meet the long-term needs of
current and potential new guests. The addition of a hotel and multi-purpose
event center at River City are important new features for the property that will
increase the level of guest satisfaction through an expansion of entertainment
offerings. In addition, the covered parking structure will provide a new guest
convenience that will make visiting River City an even better experience. We
believe this investment will promote the growth of tourism in this market,
specifically in south St. Louis County and the city of Lemay. This will provide
new economic benefits to local community residents and businesses."
"South County has seen tangible, direct benefits since River City opened," said
St. Louis County Executive Charlie A. Dooley. "We have seen good jobs, new
infrastructure and a renewed vitality in this area. By delivering on River
City's commitment to expand, Pinnacle is demonstrating they are good partners to
St. Louis County and good neighbors in Lemay."
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