Learn, Practice, Play Baccarat
Learn, Practice, Play Blackjack
Learn, Practice, Play Slots
Learn, Practice, Play Poker
Learn, Practice, Play Video Poker
600 Nations Casino

Sugarcane Bay casino project is cancelled

April 15, 2010

An announcement came on Thursday that Pinnacle Entertainment Inc. will not be building the Sugarcane Bay Project. This was to be a riverboat casino and hotel built next to the L'Auberge du Lac Casino Resort at a cost of $305 million.

Pinnacle stated that they were going to focus on their existing operations in Louisiana. The company also stated the cancelation was due to "disciplined capital spending and expansion". However, there are still plans for the Baton Rouge development. This will include 50 table games, 1,300 slot machines, and 100 hotel rooms.

The recession has affected the casinos since gamblers are spending less on amenities, table games, and slots. There is also an increase in new casino creating more competition.

Fourth-quarter results for Pinnacle were released in February. The report stated that around $70 million was already spent on the Sugarcane Bay Project. Pinnacle also said it lost $242 million. To help offset the revenue drop, cost cuts had to be made.

Return to Louisiana Casinos.

Favorite Casino Best Slots

by 500 Nations players

A World-Class Casino! *Best Slots, Blackjack, Table Games, Sports Book.

Play 300 Free Games
No Sign-up | No Download
$3,000 Welcome Bonus
100% Match Redeem 3X
$3,000 Slots Bonus
100% Match Redeem 3X
Bet Sports - Live Odds
Get 50% Welcome Bonus
See All Promotions
Member benefits & promos.
Ignition Poker Room
US Players Welcome

Rev up your action with this fully loaded Poker Room and hundreds of casino games!

Join Bovada Join Bovada
500 Nations is an independent directory and information service free of any gaming operator's control and not affiliated with any casino.
Warning: You must ensure you meet all age and other regulatory requirements before entering a casino or placing a wager. There are hundreds of jurisdictions in the world with Internet access and hundreds of different games and gambling opportunities available on the Internet. Do not assume that Internet gaming sites are in compliance with the rules and regulations of every jurisdiction from which they accept players. YOU are responsible for determining if it is legal for YOU to play any particular game or place any particular wager under the laws of the jurisdiction where you are located.