June 18, 2002 |
Shopping center developer Rothbart Development Corp. said Monday that it had agreed to buy about 60 acres of land adjacent to Hollywood Park Race Track in Inglewood for $36 million and plans to build a retail project on the site. Rothbart has 12 months to secure city approvals and entitlements to build the center to complete the purchase of land from Glendale-based Pinnacle Entertainment Inc., which operates and owns casinos and card clubs.
December 15, 2000 |
Pinnacle Entertainment Inc. shares fell 28% after the company said Thursday that its $1.28-billion sale to rival gaming company Harveys Casino Resorts is being delayed because of turmoil in the debt markets. Pinnacle shares fell $6.06 to close at $15.31 on the New York Stock Exchange, after trading as low as $14.25. The companies, in separate statements released by PRNewswire, said the purchase isn't terminated, though there can be no assurance a transaction will be completed.
March 12, 2001 |
Pinnacle Entertainment Inc. is a casino operator headquartered on Brand Boulevard in Glendale, but its future is riding on 315 acres along the Ohio River in the southern tip of Indiana. That's the site of Pinnacle's new flagship property called Belterra Casino Resort, a $200-million hotel-casino.
CALIFORNIA | LOCAL
February 29, 2000
Hollywood Park Inc. of Glendale said it has changed its name to Pinnacle Entertainment Inc. The company will trade under the symbol PNK on the New York Stock Exchange. The company owns and operates eight casinos, a racing facility and leases two card clubs.
CALIFORNIA | LOCAL
December 19, 2000
Pinnacle Entertainment Inc. of Glendale said that PH Casino Resorts Inc., an affiliate of Harveys Casino Resorts, has postponed the closing of its merger with Pinnacle Entertainment. PH Casino Resorts has advised Pinnacle that it will continue to evaluate the prospects for the transaction. Pinnacle Entertainment is a diversified gaming company that owns and operates seven casinos in Nevada, Mississippi, Louisiana, Indiana and Argentina.
April 20, 2000 |
Continuing an acquisition and development blitz, real estate investment trust Casden Properties Inc., has agreed to purchase 97 acres adjacent to Hollywood Park in Inglewood from Pinnacle Entertainment Inc. Beverly Hills-based Casden plans to build a residential community at the site. The privately held trust is developing more than 3,000 luxury housing units in Los Angeles, including the Villa Azure in West L.A.