We intend to create a nationwide casino network, not unlike that of some of our larger competitors.

I just fancied Dubai. You get a lot for your money compared with the UK, the weather's guaranteed, there's potential for capital growth, and it's a great position.

After examining the growth of the market and the status of the competition, we've decided to build a facility that is significant in both scope and quality. We intend to lead the currently underserved downtown gaming and entertainment market and today's announcement reflects that commitment.

This level of investment makes Pinnacle a major force in the renewal of downtown St. Louis, and it will further strengthen our market position. After examining the growth of the market and the status of the completion, we've decided to build a facility that is significant in both scope and quality.

Hurricane Katrina has been a terrible natural disaster. Many of our employees and customers in the region have lost their homes and many of their possessions. Very few have escaped from the storm unscathed. We are determined to do everything that we can do as a company to help the region rebuild and help our employees return to their normal lives as quickly as possible.

We have great confidence in the St. Louis County market.

We are determined to do everything that we can do as a company to help the region rebuild and help our employees return to their normal lives as quickly as possible.

Pinnacle Entertainment has been working diligently to refine our plans in downtown St. Louis and create a truly unique entertainment destination. This purchase is a necessary step that will enable us to master plan a new entertainment district and community near the famed Gateway Arch.