BATON ROUGE, LA-The Louisiana Gaming Control Board has approved Pinnacle Entertainment Inc.’s request to transfer its casino license from Lake Charles to its proposed $250-million Casino Riviere. The 550-acre gaming resort and residences does require additional approvals, including a local referendum.

The Baton Rouge Metro Council will now set a date for the referendum balloting. In a press release, Pinnacle chairman and CEO Daniel R. Lee says the company is hoping the issue will be placed on the February 2008 ballot. If voters approve, Pinnacle executives say the resort, which will be located at River Road and Gardere Lane, could open as early as 2010.

Pinnacle has other hurdles to clear before dirt can be turned. The Las Vegas-based casino operator and developer is still in negotiations with a landowner, who owns one-sixth interest of a 58-acre levee batture along the river where the casino would be constructed. If negotiations break down, both parties may have to go to court to resolve the issue. Additionally, Metro Council voted several days ago to file suit against Pinnacle to obtain an economic impact study that was submitted to the Louisiana Gaming Board.

Pinnacle’s plans for the project include a 140,000-sf riverboat casino, 100-room hotel and mixed-use recreational and residential developments. Based on Pinnacle’s calculations, the project will create 1,100 direct jobs and a $33-million payroll.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.