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Article: D6Pinnacle halts Indiana project.
- Article from:
- Las Vegas Review-Journal (Las Vegas, NV)
- Article date:
- May 9, 2007
CopyrightCOPYRIGHT 2007 Las Vegas Review-Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Howard Stutz
May 9--Plans by Indiana lawmakers to install slot machines at two racetracks near Indianapolis didn't sit well with Las Vegas-based Pinnacle Entertainment.
The casino operator announced Tuesday during its first-quarter earnings report it was indefinitely postponing construction of a $45 million, 250-room hotel expansion at its Belterra casino due to the increased competition. Pinnacle executives said they would put the money into other company ventures.
Belterra, which is Pinnacle's second-largest revenue producer behind the company's L'Auberge du Lac hotel-casino in Lake Charles, La., is located about two hours from ...