Pinnacle Entertainment, Inc. (the “Company”) announced today that it has
extended the expiration date of its offer to purchase any and all of the
outstanding 12% Notes due 2001 (Cusip No. 740822AA9) and 13% Senior Exchange
Notes due 2001 (Cusip No. 740848AF3) issued by President Casinos, Inc.
(collectively, the “Notes”) until 8:00 a.m., New York City time, on
September 13, 2006. The previously-scheduled expiration date was 8:00 a.m.,
New York City time, on September 7, 2006. Subject to the satisfaction of the
remaining tender offer conditions, the Company will accept and purchase any
Notes validly tendered on or prior to the extended expiration date. The
terms and conditions of the tender offer for the Notes are more particularly
described in the Company’s Offer to Purchase dated July 19, 2006. As of
September 6, 2006, approximately $74.6 million, or about 99.5% of the
outstanding original principal amount of the Notes, has been tendered. Of
this amount, the Company has already purchased approximately $74.6 million
in original Notes validly tendered prior to or on August 29, 2006. The
Company is offering to purchase Notes at a purchase price of $809.07 per
$1,000.00 of original principal amount of the Notes. HSBC Bank USA, National
Association, is the depositary agent in connection with the Tender Offer.
D.F. King & Co., Inc. is the information agent for the Tender Offer.
Requests for copies of the Offer to Purchase and Letter of Transmittal
should be directed to the information agent at (800) 967-7635.