Latest Casino News

:

New Jersey Gambling News Brief

Pinnacle AC casino contingent on credit

CNNMoney.com,  Wednesday, February 27, 2008 at 1:04:24 AM

The chairman of Pinnacle Entertainment on Tuesday said the company may abandon its $2 billion mega-casino project on the Boardwalk if credit markets don't improve.

While stressing that the company still expects lending conditions to improve before the anticipated ground breaking in late 2009, chairman and CEO Daniel Lee said Pinnacle could conceivably abandon the project if funding remains difficult for an extended time.

"I've been asked, 'How the hell are you going to build in Atlantic City?'" Lee said on a conference call to discuss the company's year-end earnings. "The answer is if credit markets don't improve, we won't build. We're not going to go broke building in Atlantic City."

...read the source
Note: The links to older news stories hosted on other servers often no longer function. We apologize for any inconvenience.

---

Our USCF Casino News is also available as a free-subscription News Feed.

---

US Casino Finder Directory

Register now to receive valuable promo codes, casino updates and news alerts


Casinos with Social Networking

QuikList by City:
Atlantic City Casinos
Biloxi Casinos
Black Hawk Casinos
Cripple Creek Casinos
Deadwood Casinos
Las Vegas Casinos
Laughlin Casinos
Reno Casinos

QuikList by Type:
US Hotel Casinos
US Casinos
US Card Rooms
US Indian Casinos
US Horse Race Tracks
US Greyhound Race Tracks
US Racinos
US Casino Cruises
US Bingo Halls
US Casino Party Planners
US Dealer Schools


 

---

HTML code to add a direct link to this page to your website

site map