LAS VEGAS, Feb. 23 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. (NYSE:PNK) announced today that it intends to offer $200 million aggregate principal amount of new senior subordinated notes due 2012 in a private offering under Rule 144A and Regulation S of the Securities Act of 1933, as amended, subject to market, regulatory and other conditions. The Company intends to use the net proceeds from this offering to repurchase or redeem a portion of its outstanding 9.25% senior subordinated notes due 2007.


The new senior subordinated notes will not be registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the new senior subordinated notes.


For further information, please contact: Dan Lee, Chairman & CEO, or Steve Capp, CFO, or Wade Hundley, COO, all of Pinnacle Entertainment, Inc., +1-702-784-7777; or Sean Collins, Partner of CCG Investor /Public Relations, +1-818-789-0100, for Pinnacle Entertainment, Inc.


Source: Pinnacle Entertainment, Inc.

CONTACT: Dan Lee, Chairman & CEO, or Steve Capp, CFO, or Wade Hundley,
COO, all of Pinnacle Entertainment, Inc., +1-702-784-7777; or Sean Collins,
Partner of CCG Investor /Public Relations, +1-818-789-0100, for Pinnacle
Entertainment, Inc.