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Monday, November 14, 2005

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The Chippewa Cree tribal council is seeking to obtain the Rocky Boy's reservation's first license for alcohol sales. The Montana-based tribe reportedly wants a legal permit to sell liquor at the 15-square-foot casino and hotel complex planned in the tribe's new industrial park near Laredo. Currently, the reservation is forbidden to sell alcoholic beverages.

Supporters of the idea, like council member Raymond Jake Parker, are pointing to the economic benefit such a license could bring. Bob Swan, financial manager of the Chippewa Cree Community Development Corp., was reported as saying that adding a sports bar to the casino would increase the casino's profits by 25%. Also, if tightly controlled, the issue would not greatly affect the reservation, as opponents fear.

According to Gene Huntington, administrator of gambling control for the Montana Department of Justice, the tribal casino could either be awarded a new liquor license, or purchase it from an already operating business. At present, tribal officials are cooperating with NORAM, a casino-building company from Florida, to build the future gaming facility. The entire project carries a $9 million price tag.

A new project has taken off in St. Louis County, Missouri: A new casino, scheduled for opening in 2008 near the Mississippi river. Pinnacle Entertainment Inc. (NYSE: PNK), the project leader, broke ground on Tuesday. The project, worth $375 million, will result in the creation of a “multi-faceted destination resort” in the county.

The company, which owns and operates casinos in Indiana, Nevada, Louisiana and Argentina, and previously operated a casino in Biloxi, Mississippi, has named the project “River City(SM) Casino & Hotel.”

The complex will include a 100-room hotel with full service spa, restaurants, bowling alley, movie theater and other attractions. The casino will hold 3,000 slot machines and 60 table games. Together, the hotel and casino are expected to create over 7,000 different jobs, ranging from construction jobs to permanent and ancillary service jobs.

Charlie Dooley, St. Louis County Executive, emphasized the importance of the project to the area: “Pinnacle's River City [Casino & Hotel] project will truly be a unique destination in our region and will create jobs and vital economic activity in Lemay. More than that, the birth of River City means the environmental clean-up of a long-abandoned industrial site, and the creation of a new and long-needed road in the County. The River City groundbreaking signals a new day for Lemay and South County, and we are very pleased to have Pinnacle Entertainment as the County's newest corporate neighbor.”

In addition to the River City(SM) Casino & Hotel, Btdino Entertainment is also building a $400 million casino, hotel & spa in downtown St. Louis. It broke ground in September 2005, and the company expects the casino to open in 2007.

Daniel R. Lee, Chairman and CEO of Pinnacle Entertainment: "We are very excited to begin work on River City. This project will be an important part of our company in the years to come. It will truly be a destination, a city unto itself, offering a wider array of entertainment amenities than any other single venue in the region. The community of Lemay has been enthusiastic about our project from the beginning of the selection process here in Missouri, and we will build something of which they, and all of St. Louis, can be proud."