Pinnacle Entertainment Reopens Boomtown New Orleans in Wake of Hurricane Katrina

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. October 14, 2008

LAS VEGAS, NV, October 3, 2005. Pinnacle Entertainment, Inc. today announced the reopening of its Boomtown New Orleans casino in Harvey, La., which had closed and been evacuated as Hurricane Katrina struck the Gulf Coast on August 29.

Boomtown New Orleans is located in the West Bank across the Mississippi River from downtown New Orleans. The property has received all the necessary approvals to reopen from local and regional authorities, including gaming regulators, local law enforcement and health-department officials.

"We have great faith in the future of New Orleans, and we're pleased to be able to open our doors again to our employees, our customers and our neighbors," said Daniel R. Lee, Pinnacle's Chairman and CEO. "We're determined to do everything we can to help the region and our employees rebuild."

About Pinnacle Entertainment

Pinnacle Entertainment owns casinos in Nevada, Mississippi, Louisiana, Indiana and Argentina, owns a hotel in Missouri, and receives lease income from two card club casinos in the Los Angeles metropolitan area. The Company opened a major casino resort in Lake Charles, Louisiana in May 2005 and a new casino in Neuquen, Argentina in July 2005. Pinnacle has also been selected for two casino development projects in the St. Louis, Missouri area. The casino operations in St. Louis are dependent upon final approval by the Missouri Gaming Commission.

All statements included in this press release, other than historical information or statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the Company's new development opportunities, anticipated construction schedules and costs, anticipated job creation, and returning our hurricane-affected properties (except Casino Magic Biloxi) to more normalized operations by the first quarter of 2006, are based on management's current expectations and are subject to risks, uncertainties and changes in circumstances that could significantly affect future results. Accordingly, Pinnacle Entertainment cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. Such factors include, but are not limited to, (a) construction-related factors that could prevent the Company from completing its construction and development projects within budget and on time; (b) having adequate funding and cash flows to complete its construction projects; (c) the risk that the proposed St. Louis projects and other capital intensive projects could strain the Company's financial resources; (d) the results of the damage from Hurricanes Katrina and Rita, and insurance proceeds available to the Company; and (e) other risks, including those as may be detailed from time to time in Pinnacle Entertainment's filings with the Securities and Exchange Commission ("SEC"). For more information on the potential factors that could affect the Company's financial results and business, review the Company's filings with the SEC, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.