The opening of a new casino named L’Auberge Casino & Hotel Baron Rouge worth $368 million by Pinnacle Entertainment Inc. took place by Mississippi River on 1st of Sep. 2012.
Earlier, the opening was scheduled on Wednesday but was delayed due to Isaac cyclone as informed by Anthony Sanfilippo, the president and CEO of Pinnacle located in Las Vegas. He expressed his delight over completion of authorization procedure and introduction of the latest associate of the Pinnacle group. The license for the casino was granted by Louisiana on Friday. Over 1,000 employees will be appointed by L’Auberge Baton Rouge and $50 million will be produced per year as gaming taxes.
There was a 4 cents or 0.36% rise in the shares of Pinnacle that shut down at $11.07 on a large number of 650,580 shares bought and sold in the New York Stock Exchange.
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