Pinnacle Entertainment, Inc. announced that it has closed on a purchase of property located along North First Street in downtown St. Louis. The property is directly adjacent to the company's proposed casino and luxury hotel in downtown St. Louis and to the 297-suite Embassy Suites Hotel that the Company previously agreed to buy. Cumulatively, Pinnacle owns, has agreed to purchase, or has under option to lease, approximately 18 acres of contiguous land for the development of its St. Louis City project.
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