Pinnacle Abandons Ship
This is really really unfortunate news, Pinnacle Entertainment honcho Dan Lee has pretty much abandoned ship on their proposed redevelopment of the Sands AC parcel.
Someday, hopefully, it's a better world or somebody shows up and gives us a good price. Obviously with 20-20 hindsight, I wish we didn't buy the land in Atlantic City.
We've been a little hard on Dan over the last year, but after taking a quick visit to Pinnacle's Belterra Casino Resort & Spa in Indiana last week, we couldn't help but be impressed by what they had done.
The question now is, who - if anyone - is going to have the balance sheet to buy and build in this economy.
Paging Mr. Wynn... Mr. Wynn pick up the chocolate with white pinstripe phone...
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