From the historic Northeast to the new frontier of the Southwest, through the great arch of the Midwest to fabulous Las Vegas, a Penn National Gaming casinos, hotels and resorts are closer than you think. Find out more about your favorite location. SEE ALSO: Cherokee & Pinnacle developers propose casino project to compete with Bristol Hard Rock. The website details a site map for the proposed project. It includes a casino/hotel, a mountain.

Pinnacle Entertainment, Inc. was an American gambling and hospitality company. It was acquired by Penn National Gaming in 2018. At the time of acquisition, it operated sixteen casino properties, located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Pennsylvania, and Ohio, and a horse track in Texas.

History[edit]

Pinnacle Entertainment traced its roots to June 10, 1938, when movie mogul Jack L. Warner opened the Hollywood Park Turf Club racetrack in Inglewood, California. The original shareholders included Hollywood figures such as Walt Disney, Mervyn LeRoy and Bing Crosby.

The company was incorporated and renamed in 1981 as Hollywood Park Realty Enterprises. It was renamed as Hollywood Park, Inc. in 1992.

After many years in the horse racing business, the company began a transformation into a casino operator. In 1997, the company acquired Boomtown, Inc. and its three casinos in Nevada, Louisiana and Mississippi for $188 million.^[3] In 1998, it acquired Casino Magic Corp. for $340 million, including two casinos in Mississippi, one in Louisiana and a controlling stake in two casinos in Argentina.^[4][5]

The company sold the Hollywood Park racetrack in 1999 to Churchill Downs, Inc. and in 2000 changed its name to Pinnacle Entertainment. Belterra Casino Resort & Spa made its debut in 2000 as Pinnacle's first company-designed and developed gaming resort. Then in 2005, Pinnacle opened L'Auberge du Lac in Lake Charles, Louisiana.

In September 2006, Pinnacle agreed to purchase the Sands Casino Hotel in Atlantic City, New Jersey and announced plans to replace it with a $1.5-billion resort.^[6] The property closed on November 11, 2006 and was demolished on October 18, 2007. Harsh economic times later caused Pinnacle to delay construction of the new resort.^[7] In February 2010, the company announced that it had canceled its construction plans and would instead seek to sell the land.^[8] Eventually it was sold in 2013 for $29.5 million to a group of local developers who planned to build a casino or family entertainment attraction.

In December 2006, Pinnacle purchased the President Casino in St. Louis, Missouri.

Lumière Place opened in downtown St. Louis in December 2007, anchoring an entertainment district including the Four Seasons Hotel St. Louis and HoteLumière. In March 2010, Pinnacle opened River City Casino, in Lemay, Missouri. Pinnacle announced the expansion of its L’Auberge Baton Rouge project in September 2010 and held a grand opening on September 1, 2012.

On November 9, 2009, chief executive officer Dan Lee was forced out by the company's board of directors after reportedly physically confronting and threatening a St. Louis County official.^[9][10]

In July 2010, the company sold its Argentina casinos for $40 million.^[11]

In January 2011, Pinnacle purchased River Downs Racetrack in southeast Cincinnati.

The company agreed in April 2012 to buy a 75.5% stake in Retama Park, a money-losing horse track in Selma, Texas, for $22.8 million. The purchase was seen as a 'defensive move' to help soften the blow if gaming in Texas were expanded and drew visitors away from Pinnacle's Lake Charles properties.^[12]

In May 2011, Pinnacle expanded into the Asian gaming market with a $95-million investment for 26 percent ownership of Asian Coast Development Ltd., the owner and developer of the Ho Tram Strip, 80 miles away from Ho Chi Minh City in southern Vietnam, which will be the country’s first large-scale integrated destination resort. Upon the closing of the transaction, Pinnacle would enter into a management agreement through 2058 for the second integrated resort on the Ho Tram Strip.

On June 26, 2012, Pinnacle sold Boomtown Reno for $12.9 million to M1 Gaming, the company of former Station Casinos executive Dean DiLullo.^[13]

On August 14, 2013, Pinnacle bought Ameristar Casinos for $869 million plus $1.9 billion in assumed debt,^[14][15] adding nine properties in Colorado, Indiana, Iowa, Missouri, Mississippi and Northern Nevada. To gain FTC approval for the merger, Pinnacle agreed to sell its Lumiere Place property and Ameristar's under-construction casino in Lake Charles.

In November 2014, Pinnacle announced a plan to spin-off a real estate investment trust with the real estate assets of its 15 casinos.^[16]Gaming and Leisure Properties (GLPI) then approached Pinnacle with an offer to buy those assets, which it said would be simpler and faster than Pinnacle's plan.^[17] Pinnacle did not respond to the offer, so GLPI went public with its offer in March 2015.^[17] In July, the companies reached a deal for GLPI to buy 14 of Pinnacle's 15 properties for $4.75 billion in stock, and lease them back to Pinnacle, with rent starting at $377 million per year.^[18] The sale would be executed by Pinnacle spinning off a new company, also named Pinnacle Entertainment, with the casinos' operating businesses, along with ownership of Belterra Park (formerly River Downs) and the company's interest in Retama Park; GLPI would then acquire the original Pinnacle Entertainment.^[19] The sale was completed in April 2016.^[19] Pinnacle also purchased the operations of The Meadows Racetrack and Casino in Pennsylvania from GLPI for $138 million in September 2016.^[20][21]

In December 2017, Pinnacle agreed to be acquired by Penn National Gaming for $2.8 billion in cash and stock.^[22] To ensure regulatory approval for the deal, Pinnacle would sell the operations of four properties to Boyd Gaming for $575 million prior to the merger: Ameristar Kansas City, Ameristar St. Charles, Belterra Casino, and Belterra Park.^[23] The real estate of Belterra Park was originally to be sold to GLPI, but was ultimately sold to Boyd for $58 million.^[24][25] The transactions were completed on October 15, 2018.^[26]

Resorts and casinos[edit]

At the time of its acquisition, the company operated the following properties:

• Ameristar Casino Council Bluffs — Council Bluffs, Iowa
• Ameristar Casino Hotel East Chicago — East Chicago, Indiana
• Ameristar Casino Vicksburg — Vicksburg, Mississippi
• Ameristar Casino Hotel Kansas City — Kansas City, Missouri
• Ameristar Casino Resort Spa Black Hawk — Black Hawk, Colorado
• Ameristar Casino Resort Spa St. Charles — St. Charles, Missouri
• Belterra Casino Resort & Spa — Florence, Indiana
• Belterra Park Gaming & Entertainment Center — Cincinnati, Ohio
• Boomtown Bossier City — Bossier City, Louisiana
• Boomtown New Orleans — Harvey, Louisiana
• Cactus Petes Resort Casino — Jackpot, Nevada
• Horseshu Hotel and Casino — Jackpot, Nevada
• L'Auberge Casino & Hotel Baton Rouge — Baton Rouge, Louisiana
• L'Auberge Casino Resort Lake Charles — Lake Charles, Louisiana
• The Meadows Racetrack and Casino — North Strabane Township, Pennsylvania
• Retama Park — Selma, Texas (75% stake)
• River City Casino — St. Louis, Missouri

Previous operations[edit]

Argentina[edit]

• Casino Magic Neuquén (sold)
• Casino Magic San Martin de los Andes (sold)

United States[edit]

• Boomtown Biloxi — Biloxi, Mississippi (sold)
• Boomtown Las Vegas — Enterprise, Nevada (sold; now Silverton Las Vegas)
• Boomtown Reno — Verdi, Nevada (sold)
• Casino Magic Bay St. Louis — Bay St. Louis, Mississippi (sold)
• Casino Magic Biloxi — Biloxi, Mississippi (closed and sold; now Margaritaville Resort Biloxi)
• Hollywood Park Racetrack — Inglewood, California (sold)
• Lumière Place — St. Louis, Missouri (sold)
• President Casino Laclede's Landing — St. Louis, Missouri (closed)

References[edit]

1. ^ ^abcde'US SEC: Form 10-K Pinnacle Entertainment, Inc'. United States Securities and Exchange Commission. Retrieved June 7, 2018.
2. ^'US SEC: Form 10-K Pinnacle Entertainment, Inc'. United States Securities and Exchange Commission. Retrieved January 10, 2017.
3. ^'Hollywood Park completes merger'. Las Vegas Review-Journal. July 2, 1997. Retrieved July 31, 2012.
4. ^'Hollywood Park completes acquisition of Casino Magic' (Press release). Hollywood Park, Inc. October 17, 1998.
5. ^'Hollywood Park to buy Casino Magic for $81 million'. The New York Times. February 20, 1998. Retrieved July 31, 2012.
6. ^Haught, J. Staas (September 6, 2006). 'Sands sold, will close; Pinnacle plans to build $1.5B. megaresort casino hotel'. Press of Atlantic City. Archived from the original on September 26, 2007. Retrieved September 6, 2006.
7. ^Pinnacle's AC casino plans on 'indefinite' hold^{[dead link]}, Forbes, November 7, 2008.
8. ^'Pinnacle folds its hand in Atlantic City', The Philadelphia Inquirer, February 6, 2010. Archived February 11, 2010, at the Wayback Machine
9. ^Stutz, Howard (November 9, 2009). 'Pinnacle Entertainment CEO resignation may alter projects'. Retrieved September 3, 2014.
10. ^Blank, Chris (December 16, 2009). 'Missouri levies no penalty on former Pinnacle CEO'. Boston.com. Retrieved September 3, 2014.
11. ^'Pinnacle Entertainment Completes Sale of its Argentina Operations' (Press release). Pinnacle Entertainment, Inc. July 7, 2010. Archived from the original on October 6, 2010. Retrieved August 16, 2010.
12. ^Danner, Patrick (April 27, 2012). 'Retama strikes deal with Vegas company'. San Antonio Express-News. Retrieved January 13, 2013.
13. ^Stutz, Howard (June 26, 2012). 'Reno's Boomtown Casino changes hands, but keeps its name'. Las Vegas Review-Journal. Retrieved June 27, 2012.
14. ^Stutz, Howard (December 21, 2012). 'Las Vegas-based Pinnacle Entertainment to acquire rival Ameristar Casinos for $869 million'. Las Vegas Review-Journal. Retrieved December 21, 2012.
15. ^Stutz, Howard (August 14, 2013). 'Pinnacle Entertainment completes $2.8 billion buyout of Ameristar Casinos'. Las Vegas Review-Journal. Retrieved August 14, 2013.
16. ^Howard Stutz (November 6, 2014). 'Pinnacle Entertainment plans to split off casinos into a REIT'. Las Vegas Review-Journal. Retrieved 2015-03-09.
17. ^ ^abHoward Stutz (March 9, 2015). 'GLPI offers $4.1 billion for Pinnacle Entertainment's real estate'. Las Vegas Review-Journal. Retrieved 2015-03-09.
18. ^Howard Stutz (July 21, 2015). 'Pinnacle, GLPI agree on $4.75B merger'. Las Vegas Review-Journal. Retrieved 2016-07-22.
19. ^ ^ab'Gaming and Leisure Properties, Inc. completes the previously announced acquisition of the real estate assets of Pinnacle Entertainment, Inc' (Press release). Pinnacle Entertainment. April 28, 2016. Archived from the original on 2016-08-22. Retrieved 2016-07-22.
20. ^Paul J. Gough (March 30, 2016). 'Meadows license, gaming assets sold for $138M'. Pittsburgh Business Times. Retrieved 2016-07-22.
21. ^Paul J. Gough (September 12, 2016). 'Meadows Casino now under new ownership'. Pittsburgh Business Times. Retrieved 2016-09-12.
22. ^'Penn National to acquire Pinnacle Entertainment for $2.8 billion'. The Morning Call. Allentown, PA. December 18, 2017. Retrieved 2017-12-29.
23. ^Mark Schlinkmann (December 1, 2017). 'Merger could affect four of six St. Louis area casinos'. St. Louis Post-Dispatch. Retrieved 2017-12-29.
24. ^'Penn National Gaming to acquire Pinnacle Entertainment' (Press release). Penn National Gaming. December 18, 2017. Retrieved 2017-12-29 – via GlobeNewswire.
25. ^'Penn National Gaming completes acquisition of Pinnacle Entertainment' (Press release). Penn National Gaming. October 15, 2018. Retrieved 2018-10-16 – via BusinessWire.
26. ^Todd Prince (October 15, 2018). 'Penn National Gaming completes $2.8B acquisition of Pinnacle'. Las Vegas Review-Journal. Retrieved 2018-10-16.

500 Gate City Hwy
Bristol, VA 24201-2372

Exit 1 Interstate 81

Opening Date

Voters approved plans for the Hard Rock Hotel and Casino Bristol on Nov. 3, 2020. The Virgiinia Lottery is expected to issue a casino license in early 2021, which would allow construction to begin soon afterwards. The grand opening of the Hard Rock Casino Bristol would be in 2023.

History

Bristol is one of four Virginia cities that approved a ballot measure in the 2020 election t0 authorize a casino in its city. The Virginia gambling law passed by the state general assembly in March 2019 and later signed by the governor granted the casino decision to Bristol residents.

The proposed casino will be named Hard Rock Casino Bristol. See Press Release below.

Hard Rock Casino Bristol will be a partnership between Hard Rock International and the Bristol Resort & Casino. Hard Rock International is owned by the Seminole Tribe of Florida.

If approved, the Hard Rock Casino Bristol would be built on the site of the former Bristol Mall property. Construction is expected to take 18 months after groundbreaking.

News Headlines

Hard Rock Casino Proposal Summary

The preliminary proposal ro Hard Rock Casino Bristol includes the following:

90,000 square foot casino

90,000 square feet dedicated to children's activities

25,000 square feet for sports betting

Hotel with 600 to 1,000 rooms

Retail space for 50 stores and restaurants

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Gaming

Casino games are yet to be defined by state legislation.

Slot machines TBD
Table games TBD

Restaurants

Seven restaurants - quick-service, casual dining and fine dining.

Bars - 4

Entertainment

Live entertainment venue

Family arcade
Virtual reality games
Go-kart racing
Kid's waterpark
Miniature golf
Golf & baseball simulators

Hotel

Total 600-1000 guest rooms and suites

Indoor and outdoor swimming pools
Fitness Center
Spa & Saloon
Business Center

Convention and Conference Center

Amenities

Retail stores up to 50
Local artisans and craftsmen
Wedding amd event venues

News Articles

2020 Election: Hard Rock Casino in Bristol, VA is approved by voters

November 4, 2020

Voters in Bristol, Virginia yesterday approved a ballot referendum to build a $400 million Hard Rock Hotel & Casino at the former Bristol Mall. The vote was 71% in favor.

The Hard Rock Hotel & Casino Bristol will feature 1,500 slot machines, table games, seven restaurants and bars, a convention center and a hotel with 600-1000 guest rooms. There will also be a live entertainment venue and a family entertainment arcade.

The next step is for Hard Rock to apply for a casino license from the Virginia Lottery Board after the state gaming regulations are completed.

The Seminole Tribe of Florida owns Hard Rock International, which is a parner in the Hard Rock Casino Bristol and will manage the all operations of the casino and the hotel.

Back Full Page >Hard Rock Casino Bristol

Hard Rock Bristol plans temporary casino during main construction

November 2, 2020

If the Hard Rock Hotel and Casino planned for Bristol, Virginia is approved by voters tomorrow, Hard Rock will build a temporary casino to operate until construction is finished on the main facilities in late 2022.

The temporary casino will feature 600-700 slot machines, 24 gaming table and a sportsbook. There will also be a restaurant, coffee shop and 2-3 bars.

Hard Rock plans 'temporary casino' while main resort is under construction in Bristol - Courtesy of WJHL, Oct 29, 2020. Available from YouTube

Back Full Page >Hard Rock Casino Bristol

Hard Rock Bristol forecasts employment opportunities

October 22, 2020

As the Nov. 3 election approaches, a job information event supporting the proposed Hard Rock Casino in Bristol was held by executives of Hard Rock International and the Bristol Chamber of Commerces.

Hard Rock International, Bristol Chamber of Commerce host job information session for proposed casino - Courtesy of WJHL, Oct 7, 2020. Available from YouTube

Hard Rock International is projecting 2,000 employees are needed to operate the Hard Rock Casino & Resort in Bristol after all construction is completed. Employment areas include hospitality, administration, and food services, security and maintenance. Hard Rock promotes its Women in Leadership program and its policy of promoting from within.

Back Full Page >Hard Rock Casino Bristol

Bristol Hard Rock Hotel & Casino Preview Video

September 22, 2020

Developers of the planned Bristol Hard Rock Hotel & Casino in Bristol, Virginia discuss the features and amenities designed for the property.

Developers talk proposed amenities for Hard Rock Bristol Resort & Casino - Courtesy of WJHL, Sep 17, 2020. Available from YouTube

Back Full Page >Hard Rock Casino Bristol

Bristol Hard Rock Hotel & Casino unveils new 3D model

September 22, 2020

A 3D model of the planned Hard Rock Bristol Hotel and Casino in Bristol went on public display last Thursday at the former Bristol Mall. The model shows the 90,000-square-foot casino, the live entertainment venue, the hotel, seven restaurants and four bars.

Bristol Hard Rock Hotel & Casino unveils new 3D model of resort Thursday morning - Courtesy of WJHL, Sep 17, 2020. Available from YouTube

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TV ads seeks voter support for Hard Rock Bristol

September 11, 2020

The 'Vote Yes For Bristol' campaign launched its first TV ads this week in a major effort to win voter approval in the Nov. 3 election to build the Hard Rock Hotel & Casino in Bristol, Virginia.

First TV ad runs for 'Vote Yes For Bristol' campaign to bring casino to region - Courtesy of WJHL News Channel 11, Sep 9, 2020. Available from YouTube

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Hard Rock Casino Bristol receives local business support

September 6, 2020

A coalition of Bristol businesses has announced support for the Hard Rock Casino project and the 'Vote Yes For Bristol' ballot referendum. The coalition is named 'Small Businesses for Bristol' and includes 25 local businesses and the Bristol Chamber of Commerce.

Bristol small business owners rally behind Hard Rock Hotel & Casino project - Courtesy of News Channel 11 WJHL, Sep 1, 2020. Available from YouTube

The 'Vote Yes For Bristol' ballot measure will ask voters the following question:

'Shall casino gaming be permitted at a casino gaming establishment in the City of Bristol, Virginia, at 500 Gate City Highway, Bristol, Virginia 24201 (former Bristol Mall) as may be approved by the Virginia Lottery Board?'

The Hard Rock casino project is expected to create 2,000 full-time jobs and another 1,500 indirect jobs. Hard Rock employees will earn an average compensation of $46,500. The casino is also expected to draw 4 million tourists to Bristol each year.

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Hard Rock Bristol Nov 3 election ballot update

July 21, 2020

The Bristol City Council unanimously approved a resolution last week seeking to add a voter referendum on the Hard Rock Casino plan for Bristol on the ballot for the upcoming Nov 3 general election.

Per the council's resolution the election ballot will read

'Shall casino gaming be permitted at a casino gaming establishment in the City of Bristol, Virginia at 500 Gate City Highway, Bristol, Virginia 24201 (former Bristol Mall) as may be approved by the Virginia Lottery Board?'

The Bristol city attorney has filed this resolution of the city council with the Bristol Virginia Circuit Court, which is responsible for placing local referendums on the election ballot.

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Hard Rock Bristol plan is pre-certified by VA Lottery Board

July 17, 2020

The Virginia Lottery Board has OK'd plans for the proposed Hard Rock Casino in Bristol. The board's action paves the way for a November 3 ballot referendum to allow Bristol residents to vote for or against the casino plan.

The next step will be for the Bristol City Council to pass a resolution requesting the Circuit Court add a voter referendum on the casino to the Nov 3 ballot.

If the ballot referendum is approved by voters, Hard Rock Bristol plans to build a casino with 2,700 slot machines, 100 table games, and a sportsbook. The plan includes a 750-room hotel, 7 restaurants, four bars, retail space and a 50,000-sq-ft convention space. An outdoor entertainment venue will accommodate 20,000 guests, and an indoor entertainment venue will seat 3,200 guests.

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Hard Rock Bristol will build a temporary casino

July 4, 2020

Hard Rock Bristol will apply for a gaming license to operate a temporary casino inside the former Bristol Mall adjacent to the future site of the permanent Hard Rock Casino Bristol.

Hard Rock plans to apply for a temporary casino license to allow gambling during construction - Courtesy of WJHL, June 25, 2020. Available from YouTube

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Hard Rock Casino Bristol is approved by City Council

May 26, 2020

The City Council of Bristol, Virginia voted 5-0 to approve the casino proposal from Hard Rock International. Next steps are approval by the Virginia Lottery Board followed by voter approval on Nov 3, 2020.

Bristol, Va. City Council approves Hard Rock as preferred casino operator - Courtesy of WJHL, May 26, 2020. Available from YouTube

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Hard Rock Casino planned for Bristol VA

December 19, 2019

PRESS RELEASE
Hard Rock International
Nov 25, 2019

Hard Rock International Announces Plans For Hard Rock Casino Bristol

HOLLYWOOD, Fla., Nov. 25, 2019 /PRNewswire/ - Hard Rock International, a global leader in the entertainment and hospitality industry, is pleased to announce a partnership with the Bristol Resort & Casino team to create Hard Rock Casino Bristol. Once final approval is received from the Commonwealth of Virginia and the citizens of Bristol, Virginia, Hard Rock, working with the local ownership group, will operate the proposed resort and casino.

'We are excited to collaborate with Hard Rock, a well-respected and legendary entertainment brand with legions of devoted customers across the country and around the world,' said Jim McGlothlin, CEO of The United Company and partner on the project. 'Hard Rock is known for its 31 award winning hotels and 12 casinos, in addition to 218 cafes and Rock Shops^® which offer a wide range of amenities that appeal to many different audiences. Hard Rock's iconic brand speaks to its deep roots in live music entertainment and world-class memorabilia collection, which will play a prominent role at Hard Rock Casino Bristol. This focus on music will complement our region's country music heritage and dynamic music scene in the Twin City.'

'We're excited to bring our legendary Hard Rock brand of hospitality and entertainment to Bristol, the birth place of country music, just as we have done in other locations all around the world,' said Jim Allen, Chairman and CEO, Hard Rock International. 'As a brand, we serve more than 120 million guests a year across 75 countries and we are committed to becoming an integral part of the community and driver of jobs and visitation.'

Hard Rock has extensive experience making projects an integral part of the local community. Hard Rock's reputation will make the property a major draw for visitors from across the Mid-Atlantic and Southeast. With the resort as a gateway to the region, the partners will use their resources to introduce visitors to the many other wonderful tourism, cultural and recreational opportunities available in the Tri-Cities and across Southwest Virginia.

'After vetting multiple leaders in the industry, we are convinced that Hard Rock is the best fit for our project and our community,' said Mr. McGlothlin 'The Hard Rock team understands the significant economic development impact the Hard Rock Casino Bristol will have on the city and the entire surrounding region, in terms of new jobs and additional tax revenue. As seasoned casino resort operators, they are committed to working closely with us to maximize the benefits of this project for local residents while highlighting the many opportunities this region has to offer to all.'

About Hard Rock^®
Hard Rock International (HRI) is owned by parent entity The Seminole Tribe of Florida.

Source: Hard Rock International

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Hard Rock will operate Bristol VA casino

November 22, 2019

Project developers for a proposed casino at the former Bristol Mall have named Hard Rock International as the casino operator. The casino name will be Hard Rock Casino Bristol.

Hard Rock named operator of proposed Bristol, Virginia casino - Courtesy of WJHL, Nov 22, 2019. Available from YouTube

Back Full Page >Hard Rock Casino Bristol

Resort Casino Proposal Summary

December 21, 2019

Courtesy of WJHL-TV News Channel 11

The Bristol Resort and Casino includes a 90,000 square foot casino with a 25,000 square feet for sports betting, a hotel with 600-1,000 guest rooms, and retail space for 50 stores and restaurants.

Back Full Page >Hard Rock Casino Bristol

News Headlines Continued

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