Photo Release -- Pinnacle Entertainment Introduces Belterra Park Gaming & Entertainment Center

Photo Release -- Pinnacle Entertainment Introduces Belterra Park Gaming &
Entertainment Center

$300-Million Entertainment Destination to Open in May 2014

CINCINNATI, Oct. 23, 2013 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc.
(NYSE:PNK) today announced the name of its Cincinnati, Ohio-based racetrack
now under extensive redevelopment – Belterra Park Gaming & Entertainment
Center. Set to open in May of 2014, pending regulatory approvals, the 122-acre
Belterra Park Gaming & Entertainment Center represents an expected investment
of more than $300 million for Pinnacle Entertainment inclusive of land and
licensing fees.

Belterra Park Logo

Belterra Park (a)
 Pinnacle Entertainment announced today
 that Belterra Park Gaming &
 Entertainment Center will open in May
 2014 with 1,600 video lottery
 terminals, 6 dynamic restaurants,
 Ohio's only turf track and more.

Belterra Park (b)
 Pinnacle Entertainment today unveiled
 plans for Belterra Park Gaming &
 Entertainment Center to feature an
 expansive gaming floor, Ohio's only
 turf track for thoroughbred racing, 6
 dynamic restaurants and more. The
 122-acre property will open in May
 2014.

Stadium Sports Bar
 Stadium Sports Bar & Grill at Belterra
 Park Gaming & Entertainment Complex is
 one of 6 restaurants slated for the new
 property and will celebrate legendary
 moments in Cincinnati sports history.

Gaming Floor
 Belterra Park Gaming & Entertainment
 Center will feature a 48,000 square
 foot gaming floor with 1,600 video
 lottery terminals, a VIP Lounge, 6
 dynamic restaurants and Ohio's only
 turf track from thoroughbred racing.

Belterra Park (c)
 Belterra Park Track Historian John
 Engelhardt showcases amenities to be
 featured at the new 122-acre property
 scheduled to open in May 2014. Pinnacle
 Entertainment announced the name and
 opening date for the $300-million
 project at a press conference today.

Belterra Park (d)
 Pinnacle Entertainment CEO Anthony M.
 Sanfilippo is interviewed by press as
 the company announces Belterra Park
 Gaming & Entertainment Center will open
 in May 2014. The $300-million project
 features 1,600 video lottery terminals,
 6 dynamic restaurants, Ohio's only turf
 track for racing and more.

Photos accompanying this release are available at

http://www.globenewswire.com/newsroom/prs/?pkgid=21760

http://www.globenewswire.com/newsroom/prs/?pkgid=21761

http://www.globenewswire.com/newsroom/prs/?pkgid=21762

http://www.globenewswire.com/newsroom/prs/?pkgid=21763

http://www.globenewswire.com/newsroom/prs/?pkgid=21764

http://www.globenewswire.com/newsroom/prs/?pkgid=21765

A fact sheet accompanying this release is available at
http://media.globenewswire.com/cache/20618/file/22786.pdf

"We are very excited to welcome Belterra Park to the Pinnacle Entertainment
family," said Anthony M. Sanfilippo, Chief Executive Officer of Pinnacle
Entertainment. "We have thoughtfully designed Belterra Park, integrating
quality thoroughbred horse racing with a beautiful gaming entertainment
facility. We have confidence this investment in Ohio is complementary to the
portfolio of Pinnacle Entertainment properties and specifically a benefit to
our guests who enjoy Belterra Casino Resort located an hour away in Florence,
Indiana."

Belterra Park will provide a best-in-market entertainment destination
featuring live racing, pari-mutuel wagering, 1,600 video lottery terminals and
six dynamic restaurants, a VIP Lounge, ample parking and more. The racing
facility will feature a one mile dirt track and Ohio's only turf track. A new
Grandstand is included in the project, along with an OTB Racebook – River
Downs Club, a new paddock, jockey's quarters and 17 new barns.

The economic impact of Belterra Park Gaming & Entertainment Center will be
immediate with an expected 700 permanent jobs created and anticipated annual
payroll and benefits topping $23-million. The more than $300 million
investment will generate 350 construction jobs during the expansive
renovation.

In building Belterra Park Gaming & Entertainment Center, Pinnacle
Entertainment will preserve and honor the rich history of the property that
once was River Downs Racetrack. Original cupolas from the track will be
incorporated into the property's new design on the infield tote board and
Winner's Circle. In addition, terra cotta horse head sculptures from the
original grandstand will be on display on the property's lower level.Plans
also call for the River Downs Club featuring racing memorabilia and original
jockey silks from historic stakes races.

"The development plans for Belterra Park allow us to honor the tradition of
River Downs while growing our customer base in the market through enhanced
offerings for our guests," said Belterra Park Vice President and General
Manager Kevin Kaufman. He adds, "We expect to provide the best total racing,
dining and entertainment experience in the region and we're thrilled to share
this dynamic destination with our guests and the Cincinnati community when we
open next May."

About Pinnacle Entertainment

Pinnacle Entertainment, Inc. owns and operates 14 casinos, located in
Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri and Nevada. In
addition, Pinnacle is redeveloping River Downs in Cincinnati, Ohio into
Belterra Park Gaming & Entertainment Center, owns a minority interest in Asian
Coast Development (Canada) Ltd., an international development and real estate
company currently operating Vietnam's first large-scale integrated resort on
the Ho Tram Strip, and holds a majority interest in the racing license owner,
as well as a management contract, for Retama Park Racetrack outside of San
Antonio, Texas.

All statements included in this press release, other than historical
information or statements of historical fact, are "forward- looking
statements" within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. These forward-looking
statements, including statements regarding the Company's anticipated
investment in Belterra Park Gaming & Entertainment Center ("Belterra Park");
the budget and the completion and opening schedule of Belterra Park; the
facilities, features and amenities of Belterra Park; potential job creation
and expected payroll of Belterra Park; are based on management's current
expectations and are subject to risks, uncertainties and changes in
circumstances that could significantly affect future results. Accordingly, the
Company 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) the Company will have to meet the conditions for
receipt or maintenance of governmental and other regulatory approvals
(including gaming licensing approvals) for Belterra Park, some of which are
beyond its control; (b) many factors, including the escalation of construction
costs beyond increments anticipated in its construction budget and unexpected
construction delays, could prevent the Company from completing Belterra Park
within budget and on time; and (c) other risks, including those as may be
detailed from time to time in the Company'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, but not limited to, its Annual
Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current
Reports on Form 8-K.

Belterra is a registered trademark of Pinnacle Entertainment, Inc. All rights
reserved.

Pinnacle Entertainment, Inc. is publicly traded on the New York Stock Exchange
under the ticker symbol PNK.To learn more about Pinnacle Entertainment,
please visit www.pnkinc.com.

CONTACT: MEDIA CONTACT:
         Kerry Andersen
         Corporate Director of Media Relations
         & Public Affairs
         (337) 395-7631, kandersen@pnkmail.com
        
         Or
        
         Matt Willinger
         (502) 931-4852, MWillinger@Bisig.com

Pinnacle Entertainment, Inc. Logo
 
Press spacebar to pause and continue. Press esc to stop.