Subject: M1 Gaming Enters an Agreement to Buy Boomtown Hotel & Casino

Pinnacle sells Boomtown Reno for $26 million

LAS VEGAS , Nov. 10, 2011 /PRNewswire/ -- Pinnacle Entertainment, Inc. (NYSE: PNK - News) announced today the signing of definitive agreements to sell its Boomtown Reno casino-resort operations and land adjacent to the facility in two separate transactions. Total proceeds from the transactions are expected to be approximately $22.2 million , with the potential for an additional $3.8 million if an option granted to the casino-resort buyer is exercised.

In the casino-resort transaction, the Company entered into a definitive agreement to sell Boomtown Casino and Hotel Reno and related operations to M1 Gaming Reno, LLC and SJP Reno Property, LLC for total cash consideration of approximately $12.9 million . In addition, the Company granted the buyers a one year option to purchase 100% of the Company's membership interest in the current gaming licensee, PNK ( Reno ), LLC and additional land adjacent to Boomtown Reno for $3.8 million . This transaction is subject to regulatory approval and is expected to close by mid-2012. The Company classified the Boomtown Reno segment as a discontinued operation effective in the third quarter of 2011.

On the signing of these agreements, Anthony Sanfilippo , president and chief executive officer of Pinnacle Entertainment, commented, "We have been a very proud long-term partner in the Reno community, with our Team Members committed to providing outstanding experiences to our guests. Upon securing requisite approvals and closing the transactions, we believe Boomtown Reno will be well served by its new ownership team and are confident the same commitment to the Reno community and Boomtown Reno's guests and employees will continue in the future under M1 Gaming's leadership."

Dean DiLullo , President of M1Gaming states, "We are very excited about the Boomtown Hotel & Casino acquisition. We are not only investing in a great casino but also a part of Reno 's history. We look forward to working with the community to further develop Boomtown to its fullest potential."

About Pinnacle Entertainment

Pinnacle Entertainment, Inc. owns and operates seven casinos, located in Louisiana , Missouri , and Indiana , and a racetrack in Ohio . In addition, Pinnacle is developing L'Auberge Casino & Hotel Baton Rouge with an expected opening in the Summer of 2012, and in August 2011 , the Company acquired a 26% ownership stake in Asian Coast Development ( Canada ) Ltd. (ACDL), an international development and real estate company currently developing Vietnam's first large-scale integrated resort on the Ho Tram Strip.

About M1 Gaming

M1 is an innovative gaming firm, headquartered in Las Vegas, Nevada, which specializes in Acquisitions, Operations, Marketing and Strategy Consulting Services. With over 25 years of experience, M1's focus is on creating the ultimate guest experience at boutique properties in the Gaming Industry.