Then in 2005, Pinnacle opened L'Auberge du Lac in Lake Charles, Louisiana. Belterra Casino Resort & Spa made its debut in 2000 as Pinnacle's first company-designed and developed gaming resort. and in 2000 changed its name to Pinnacle Entertainment. The company sold the Hollywood Park racetrack in 1999 to Churchill Downs, Inc. for $340 million, including two casinos in Mississippi, one in Louisiana and a controlling stake in two casinos in Argentina. and its three casinos in Nevada, Louisiana and Mississippi for $188 million. In 1997, the company acquired Boomtown, Inc.
in 1992.Īfter many years in the horse racing business, the company began a transformation into a casino operator. The company was incorporated and renamed in 1981 as Hollywood Park Realty Enterprises.
The original shareholders included Hollywood figures such as Walt Disney, Mervyn LeRoy and Bing Crosby. Warner opened the Hollywood Park Turf Club racetrack in Inglewood, California. Pinnacle Entertainment traced its roots to June 10, 1938, when movie mogul Jack L. 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. It was acquired by Penn National Gaming in 2018. was an American gambling and hospitality company.
