Document:

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                                 Exhibit 10.55

                             FIRST AMENDMENT TO THE

                          PINNACLE ENTERTAINMENT, INC.

                         (FORMERLY HOLLYWOOD PARK, INC)

                      EXECUTIVE DEFERRED COMPENSATION PLAN

     Pinnacle Entertainment, Inc., a Delaware corporation formerly known as
Hollywood Park, Inc. (the "Company"), hereby amends the Hollywood Park, Inc.
Executive Deferred Compensation Plan (the "Plan"), with reference to the
following facts:

     A.  The Company maintains the Plan to provide benefits to a select group of
management or highly compensated employees who contribute materially to the
continued growth, development and future business success of the Company.

     B.  By Section 12.2 of the Plan, the Company has reserved the right to
amend the Plan.

     C.  It is possible that, if a Change in Control (as defined in the Plan)
occurs, certain individuals who are Participants in the Plan will become
entitled to receive, under the terms of the agreements pursuant to which such
Change in Control is consummated, cash payments in consideration of the
cancellation of stock options which they hold in the Company (the "Option
Cancellation Payments").

     D.  The Company wishes to amend the Plan to give Participants the
opportunity to defer the Option Cancellation Payments in the event a Change in
Control occurs, and to make certain other changes in the Plan.

     E.  As of the date of this First Amendment, neither the Company nor its
shareholders have entered into any commitment to consummate a Change in Control.

     NOW, THEREFORE, the Plan is hereby amended, effective as of March 15, 2000,
as follows:

     1.    The name of the Plan is hereby changed to the "Pinnacle
Entertainment, Inc. Executive Deferred Compensation Plan." All references in the
Plan to "Hollywood Park, Inc." are hereby amended to references to "Pinnacle
Entertainment, Inc."

     2.    Section 1.13 of the Plan is hereby amended to provide in its entirety
as follows:

     "1.13  Deferral Contribution" shall mean the aggregate amount of Base
     Annual Salary, Bonus or Option Cancellation Payments deferred by a
     Participant during a given Plan Year in accordance with the terms of the
     Plan
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     and the Participant's Election Form and "credited" to the Participant's
     Deferral Contribution Account. Deferral Contributions shall be deemed to be
     made to the Plan by the Participant on the date the Participant would have
     received such compensation had it not been deferred pursuant to the Plan.

     3.    Section 1.17 of the Plan is hereby amended by the addition of the
following sentence to the end thereof:

     "Notwithstanding the foregoing, an Election Form shall be effective with
     respect to an Option Cancellation Payment upon a Change in Control if it is
     delivered to the Committee, in accordance with its rules and procedures and
     with the provisions of Section 3.6, before the satisfaction of the
     conditions to the closing of the Change in Control, and is accepted by the
     Committee."

     4.    Section 1.39 is hereby added to the end of Article 1 of the Plan, to
provide as follows:

     "1.39  'Option Cancellation Payment' means the cash payment which certain
     Participants will become entitled to receive on the closing of a Change in
     Control, under the terms of the agreements pursuant to which such Change in
     Control is consummated, in consideration of the cancellation of certain
     stock options they hold in the Company."

     5.    Section 3.1(d) of the Plan is hereby amended to provide that the
maximum percentage of Bonuses that may be deferred is 100%.

     6.    The following sentence is hereby added to the end of Section 3.4(a)
of the Plan:

     "If any taxes, including but not limited to, FICA and other employment
     taxes with respect to the Deferral Contribution Account, are required to be
     withheld before the time of payment, the Company may withhold such amounts
     for other compensation paid to the Participant."

     7.    Section 3.6 is hereby added to the end of Article 3 of the Plan, to
provide as follows:

     "3.6  Deferral of Option Cancellation Payments.  A Participant who would
           ----------------------------------------
     otherwise receive an Option Cancellation Payment may elect to defer any
     portion of such Option Cancellation Payment by delivering to the Committee
     a completed and signed Election Form, which Election Form (a) may be
     separate from any Election Form completed, signed, and delivered to the
     Committee by such Participant with respect to the Plan Year in which Option
     Cancellation Payment would otherwise be paid to the Participant, (b) must
     be delivered to the Committee, in accordance with its rules and procedures,
     before the satisfaction of the conditions to the closing of the Change in
     Control that gives rise to the Option Cancellation Payment, and (c) must be
     accepted by the Committee for a valid election to exist.  If a Participant
     completes, signs, and timely delivers an Election Form to the Committee
     with

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     respect to all or a portion of such Participant's Option Cancellation
     Payment, and such Election Form is accepted by the Committee, the portion
     (or all) of the Option Cancellation Payment shall be withheld at the time
     the Option Cancellation Payment is or otherwise would be paid to the
     Participant.  Option Cancellation Payments so withheld shall be credited to
     the Participant's Deferral Contribution Account."

     8.    Section 6.2 of the Plan is hereby amended by the addition of the
following sentence to the end thereof:

     "Notwithstanding the foregoing, if a Participant's Termination of
     Employment occurs within eighteen (18) months after the occurrence of a
     Change in Control, the Participant's Termination Benefit shall be paid in
     the form of one lump sum not later than thirty (30) days after the
     Participant's Benefit Distribution Date."

     9.    Section 7.2 of the Plan is hereby amended by the addition of the
following sentence to the end thereof:

     "Notwithstanding the foregoing, if a Participant's Retirement occurs within
     eighteen (18) months after the occurrence of a Change in Control, the
     Participant's Retirement Benefit shall be paid in the form of one lump sum
     not later than thirty (30) days after the Participant's Benefit
     Distribution Date."

     10.   Section 8.2 of the Plan is hereby amended by the addition of the
following sentence to the end thereof:

     "Notwithstanding the foregoing, if a Participant's death during employment
     occurs within eighteen (18) months after the occurrence of a Change in
     Control, the Participant's pre-retirement death benefit shall be paid in
     the form of one lump sum not later than thirty (30) days after the
     Participant's Benefit Distribution Date."

     11.   Section 9.2 of the Plan is hereby amended by the addition of the
following sentence to the end thereof:

     "Notwithstanding the foregoing, if a Participant's Disability occurs within
     eighteen (18) months after the occurrence of a Change in Control, the
     Participant's Disability Benefit shall be paid in the form of one lump sum
     not later than thirty (30) days after the Participant's Benefit
     Distribution Date."

     12.   Section 10.2 of the Plan is hereby deleted.

     13.   In all other respects, the terms and provisions of the Plan are
hereby ratified and declared to be in full force and effect.

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     IN WITNESS WHEREOF, the Company has executed this First Amendment to be
effective as of March 15, 2000.

                              PINNACLE ENTERTAINMENT, INC.

                              By: /s/ Loren S. Ostrow
                                  --------------------------------

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                                 Exhibit 10.56

                            SECOND AMENDMENT TO THE

                          PINNACLE ENTERTAINMENT, INC.

                      EXECUTIVE DEFERRED COMPENSATION PLAN

     Pinnacle Entertainment, Inc., a Delaware corporation (the "Company"),
hereby amends the Pinnacle Entertainment, Inc. Executive Deferred Compensation
Plan (the "Plan"), with reference to the following facts:

     A.  The Company maintains the Plan to provide benefits to a select group of
management or highly compensated employees who contribute materially to the
continued growth, development and future business success of the Company.

     B.  By Section 12.2 of the Plan, the Company has reserved the right to
amend the Plan.

     C.  The Company wishes to amend the Plan to provide that benefits will
automatically be paid in lump sums, rather than in installments, if a
Participant's Account Balance is less than $50,000, rather than less than
$10,000.

     NOW, THEREFORE, the Plan is hereby amended, effective for deaths,
Retirements, Disabilities, and Terminations of Employment which occur on or
after January 1, 2001, as follows:

     1.  All references in the Plan to "$10,000" are hereby amended to be
references to "$50,000."

     2.  In all other respects, the terms and provisions of the Plan are hereby
ratified and declared to be in full force and effect.

     IN WITNESS WHEREOF, the Company has executed this Second Amendment to be
effective as of January 1, 2001.

                              PINNACLE ENTERTAINMENT, INC.

                              By: /s/ Loren S. Ostrow
                                 -----------------------------<PAGE>

                                 Exhibit 10.57

                 STATEMENT OF CONDITIONS TO RIVERBOAT GAMING
                     LICENSE OF PNK (LAKE CHARLES), L.L.C.
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     PNK (LAKE CHARLES), L.L.C. and PINNACLE ENTERTAINMENT, INC. hereby
expressly accept, agree and stipulate to the following conditions to the license
of PNK (LAKE CHARLES), L.L.C. to conduct riverboat gaming, to be issued by the
Louisiana Gaming Control Board ("Board") pursuant to the provisions of La. R.S.
27:1, et seq. and administrative rules promulgated pursuant thereto.  PNK (LAKE
CHARLES), L.L.C. and Pinnacle Entertainment, Inc. hereby agree as follows:

     1.  Approval by a majority of those voting in the referendum election
         required by Article XII, Section 6(C)(2) of the Louisiana Constitution.
         (Referred to herein as "Local Referendum").

     2.  To at all times comply with all provisions of federal and state law,
         including, but not limited to, the Louisiana Gaming Control Law
         ("LGCL"), La. R.S. 27:1, et seq, and all administrative rules and
         regulations in effect or later promulgated by the Board.

     3.  To indemnify and hold harmless the State of Louisiana, the Board, the
         Louisiana Department of Justice, the Louisiana Department of Public
         Safety and Corrections, their members, agents, and employees against
         any and all claims for personal injury or property damage arising out
         of or in connection with negligence and/or errors and omissions in the
         following:

         a.  The approval of an application;

         b.  The approval of the plans, designs and specifications of the
             Approved Project as defined in Condition 7, including the
             riverboat, shore or support facilities and all other amenities
             including hotel;

         c.  The granting of a license, including all conditions placed thereon;

         d.  The issuance of all orders, directives, and policy decisions of the
             Board or the Louisiana State Police Casino Gaming Division
             ("Division"); and

         e.  The denial, suspension or revocation of a license.

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             PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc. agree
             to sign a separate indemnification agreement implementing this
             condition. The indemnification agreement shall be signed no later
             that ten (10) working days following acceptance of the conditions
             by the Board, PNK (LAKE CHARLES), L.L.C. and Pinnacle
             Entertainment, Inc.

         4.  To assume responsibility for all acts or omissions of any person
             that result in a violation of La. R. S. 27:1, et seq, or any rule
             or regulation promulgated pursuant thereto, any order of the Board
             or the Division, and any portion of the internal controls of PNK
             (LAKE CHARLES), L.L.C.

         5.  To maintain copies of the License and Conditions at the helm or
             pilot house of the riverboat and the Louisiana offices of the
             licensee. The License and Conditions shall be produced for
             examination and inspection upon demand of any agent or
             representative of the Board or the Division.

         6.  To dock the riverboat on the designated waterway at a berth
             approved by the Board. The legal description of the berth shall be
             submitted to the Board for approval no later than one hundred
             twenty (120) days from certification of the results of the Local
             Referendum. In addition to Board approval, such berth shall be
             subject to any other necessary governmental approvals.

         7.  To offer the kind, amount and scope of non-gaming activities on the
             riverboat, shore or support facilities, and all other amenities,
             including hotel, as approved by the Board and described in the
             application of PNK (LAKE CHARLES), L.L.C. as well as the
             presentations made to the Board on July 26, 2000 and on October 10,
             2001 (hereinafter collectively referred to as the "Approved
             Project").

         8.  To construct and operate the Approved Project. It is expressly
             agreed and understood by PNK (LAKE CHARLES), L.L.C. and Pinnacle
             Entertainment, Inc. that no gaming operations shall commence until
             the entire Approved Project has been substantially completed and
             ready for occupancy or use in the opinion of the Board. The golf
             course need not be ready for use, provided it is constructed as
             well as seeded or sodded.

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         9.  The Board, in its sole discretion, shall determine when the
             Approved Project is substantially completed and ready for occupancy
             or use for purposes of Condition 8 upon petition and presentation
             to the Board by PNK (LAKE CHARLES), L.L.C. together with a
             submission of certification of substantial completion and readiness
             for occupancy or use by PNK (LAKE CHARLES), L.L.C.

         10. To obtain all Coast Guard certifications prior to conducting the
             preoperative inspection and submit these certifications to the
             Board for review.

         11. To submit a complete set of internal controls to the Board for
             approval at least one hundred twenty (120) days prior to the
             commencement of gaming operations, and to continually operate under
             a Board approved system of internal controls.

         12. To submit to and successfully complete a preoperative inspection by
             the Division prior to commencing gaming operations at the approved
             facility in Lake Charles, Louisiana.

         13. To submit, after commencement of gaming operations, the following
             reports as part of the quarterly report submissions required by
             Board rules by the 20th day of January, April, July and October:

             a.  A report of all consultants, contractors, agents and junket
                 representatives:

                 1)  Of PNK (LAKE CHARLES), L.L.C.;

                 2)  Of Pinnacle Entertainment, Inc. or Pinnacle Entertainment
                     subsidiaries related to Louisiana operations to the extent
                     not reported in similar monthly reports submitted by Casino
                     Magic of Louisiana, Corp., or Louisiana 1 Gaming, A
                     Louisiana Partnership in Commendam; or

                 3)  Who are Louisiana persons or entities contracted with
                     Pinnacle or Pinnacle subsidiaries to the extent not
                     reported in similar monthly reports submitted by Casino
                     Magic of Louisiana, Corp., or Louisiana 1 Gaming, A
                     Louisiana Partnership in Commendam.

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                 b.  A report of the number of minorities, females and Louisiana
                     residents employed by PNK (LAKE CHARLES), L. L. C., their
                     general job classification and salaries.

            14.  To permanently establish a position entitled Compliance Manager
                 whose sole responsibility shall be to advise PNK (LAKE
                 CHARLES), L.L.C. management and employees as to gaming
                 regulations, ensure that PNK (LAKE CHARLES), L.L.C. remains in
                 compliance with all gaming laws and regulations, and to
                 administer remedial action in appropriate cases should PNK
                 (LAKE CHARLES), L.L.C. fail to comply with applicable gaming
                 laws. The Compliance Manager shall not occupy any other
                 position or title with the licensee and shall serve as a
                 liaison between the licensee and the Board, the Division, and
                 the Attorney General's Gaming Division. This position shall be
                 created and filled prior to the commencement of gaming
                 activities. The person who fills this position shall reside in
                 the state of Louisiana.

            15.  To abide by the following standards for construction of the
                 Approved Project:

                 a.  No later than one hundred twenty (120) calendar days after
                     certification of the results of the Local Referendum, to
                     submit architectural blueprints and a detailed plan of
                     design and construction of the Approved Project, including,
                     but not limited to, the riverboat gaming vessel, shore,
                     support, terminal, hotel, golf course and related
                     facilities to the Board for review and approval. The plans
                     and specifications shall satisfy the minimum requirements
                     of riverboat size and design as provided in the Louisiana
                     Gaming Control Law. The plans and specifications shall also
                     comply with all applicable laws and regulations, including,
                     but not limited to, environmental, fire and safety codes,
                     Coast Guard regulations or such other applicable
                     requirements as are imposed on vessels of similar design
                     and size by federal, state and local laws.

                 b.  To contract with a shipyard to construct the riverboat
                     gaming vessel and to enter into all other necessary
                     contracts for construction of the Approved Project and to
                     submit copies of the contracts for Board review and
                     approval no later than one hundred twenty (120) days after
                     Board approval of the plans and specifications referenced
                     in Condition 15a. Additional time may be granted by the
                     Board in its sole discretion upon timely request for good
                     cause shown. Failure to meet this deadline or to timely

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                     receive a waiver or extension of time from the Board may
                     result in forfeiture of all privileges to the riverboat
                     license.

                 c.  To Commence Construction of the Approved Project,
                     including, but not limited to, the riverboat gaming vessel,
                     shore, support, terminal, hotel, golf course and related
                     facilities on or before thirty (30) days after Board
                     approval of the contracts referenced in Condition 15b with
                     construction to be completed within eighteen (18) months of
                     commencement of construction (subject to force majeure).
                     "Commence Construction" or "Commencement of Construction"
                     shall be that time following Board approval of the
                     contracts referenced in Condition 15b when excavating and
                     grading work begins for purposes of preparing any
                     foundation(s) related to the Approved Project. Neither PNK
                     (LAKE CHARLES), L.L.C. nor Pinnacle Entertainment, Inc. may
                     lease a riverboat vessel. Additional time may be granted by
                     the Board in its sole discretion upon timely request for
                     good cause shown. Failure to meet this deadline or to
                     timely receive a waiver or extension of time from the Board
                     may result in forfeiture of all privileges to the riverboat
                     license.

                 d.  All contracts related to the Approved Project shall be let
                     only by PNK (LAKE CHARLES), L.L.C. or Pinnacle
                     Entertainment, Inc. unless otherwise approved by the Board.

            16.  To establish an Escrow Account and enter into an Escrow
                 Agreement for purposes of administering the funds to finance
                 the Approved Project which Escrow Agreement shall be approved
                 by the Board. The Escrow Agreement shall state that funds drawn
                 from the Escrow Account shall only be used to construct,
                 complete and operate the Approved Project.

            17.  To escrow according to a Board-approved Escrow Agreement in an
                 interest bearing account at a Board-approved financial
                 institution an initial sum of Twenty-Two Million Five Hundred
                 Thousand Dollars ($22,500,000.00) (the "Initial Escrow
                 Amount"). The Initial Escrow Amount shall be deposited into the
                 Escrow Account within ten (10) business days following
                 certification of the results of the Local Referendum. Evidence
                 of this deposit shall be submitted to the Board when made. Such
                 Escrow Account shall be under the control of PNK (Lake
                 Charles), L. L. C. and Pinnacle Entertainment, Inc. with the
                 stipulation that prior to any disbursement, the funds therein
                 may be invested in accordance with the Board-approved Escrow
                 Agreement. The Initial Escrow Amount shall not be used to fund
                 any development

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                 or pre-development expenses of PNK (LAKE CHARLES), L.L.C. or
                 Pinnacle Entertainment, Inc. prior to the Commencement of
                 Construction. If, at any time prior to Commencement of
                 Construction, the Board, in its sole discretion, determines
                 that PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment,
                 Inc. are not making satisfactory progress on the Approved
                 Project, the Board may issue a Notice of Unsatisfactory
                 Progress to PNK (LAKE CHARLES), L.L.C. and Pinnacle
                 Entertainment, Inc. and afford PNK (LAKE CHARLES), L.L.C. and
                 Pinnacle Entertainment, Inc. a thirty (30) calendar day
                 opportunity to cure the unsatisfactory progress. Following the
                 thirty (30) calendar day cure period, if the Board determines,
                 in its sole discretion, that the unsatisfactory progress has
                 not been cured, then, ipso facto, and without any further
                 action by the Board, any and all privileges to the license to
                 conduct riverboat gaming shall be deemed to be and will be
                 surrendered. PNK (LAKE CHARLES), L.L.C. and Pinnacle
                 Entertainment, Inc. further agree to execute any documents the
                 Board deems appropriate to reflect such surrender. In
                 connection with such surrender and notwithstanding the
                 provisions of Condition 30 herein, PNK (LAKE CHARLES), L.L.C.
                 and Pinnacle Entertainment, Inc. expressly waive any rights to
                 seek any relief from any state or United States court,
                 including the Nineteenth Judicial District Court, pursuant to
                 such court's original jurisdiction. Following the surrender of
                 any and all privileges to the license to conduct riverboat
                 gaming and execution of any documents to reflect such surrender
                 the Board deems necessary, the Initial Escrow Amount, along
                 with any accumulated interest thereon, shall be returned to PNK
                 (LAKE CHARLES), L.L.C. or Pinnacle Entertainment, Inc.

            18.  To fund, no later than ten (10) days after Board approval of
                 the contracts referenced in Condition 15b, and at all times
                 maintain, until a determination of substantial completion and
                 readiness for occupancy or use by the Board of the Approved
                 Project in accordance with Conditions 8 and 9, a total balance
                 of Two Hundred Twenty-Five Million Dollars ($225,000,000.00)
                 dedicated to the Approved Project such that funds in the Escrow
                 Account, unencumbered funds available through line(s) of credit
                 or other Board approved sources of funding, and funds expended
                 on the Approved Project total Two Hundred Twenty-Five Million
                 Dollars ($225,000,000.00) at all times. In conjunction with the
                 Escrow Agreement submitted to the Board for approval in
                 Condition 16, the initial sources of funding the Two Hundred
                 Twenty-Five Million Dollars ($225,000,000.00) balance shall be
                 submitted to the Board for approval. Initial Bankroll,
                 Capitalized Interest, Pre-Opening Expenses, Contingencies and
                 Corporate Overhead related to the Approved Project may be
                 included as funds expended on the Approved Project.

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            19.  To submit the name(s) of any person or persons authorized to
                 withdraw and disburse funds from the Escrow Account described
                 in these conditions on behalf of the licensee. If any of the
                 names submitted have not previously been found suitable, then
                 such person is prohibited from withdrawing and disbursing funds
                 from the escrow account until the person is found suitable. No
                 person shall be permitted to withdraw funds from the Escrow
                 Account who has not been found suitable.

            20.  To draw from the Escrow Account for the sole purposes set forth
                 in the Board approved Escrow Agreement. No disbursements shall
                 be made from the Escrow Account prior to the Board's receipt
                 and acceptance of verification that the Escrow Account is fully
                 funded and construction has commenced as defined in Condition
                 15c.

            21.  To make no disbursements from the Escrow Account to PNK (LAKE
                 CHARLES), L.L.C., Pinnacle Entertainment, Inc. or any affiliate
                 of PNK (LAKE CHARLES), L.L.C. except in the following
                 situations:

                    a.  With Board approval, expenses of Pinnacle Entertainment,
                        Inc., PNK (LAKE CHARLES), L.L.C. or an affiliate company
                        may be paid out of the Escrow Account for work directly
                        related to the Approved Project; and

                    b.  With Board approval, a one-time reimbursement credit to
                        Pinnacle Entertainment, Inc. or an affiliate of PNK
                        (LAKE CHARLES), L.L.C. will be permitted to be deducted
                        from the Escrow Account for expenses directly related to
                        the Approved Project incurred prior to the Commencement
                        of Construction.

                    c.  Funds remaining in the Escrow Account following a
                        determination of substantial completion and readiness
                        for occupancy or use by the Board of the Approved
                        Project in accordance with Conditions 8 and 9 shall be
                        released to PNK (LAKE CHARLES), L.L.C. or Pinnacle
                        Entertainment, Inc.

            22.  To submit to the Board by the 20th day of each month the
                 following reports for the prior month:

                 a.  A work-in-progress report on the construction of the
                     Approved Project, including, but not limited to, the
                     riverboat gaming vessel,

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                     hotel, golf course, and other dockside development and
                     infrastructure work committed to in the Approved Project as
                     approved by the Board on October 16, 2001, and as
                     supplemented by Board approval of the design and
                     development documents submitted pursuant to Condition 15
                     and any subsequent Petitions For Modification. The work-in-
                     progress report shall include a narrative on the status of
                     all work up to the date of the report, a progress payment
                     report listing all payments by or on behalf of PNK (LAKE
                     CHARLES), L.L.C. or Pinnacle Entertainment, Inc. and
                     payment amounts made to date on the project, to whom such
                     payments were made and for what goods or services rendered.

                 b.  A listing of all persons and entities paid any sum of money
                     to date by or on behalf of PNK (LAKE CHARLES), L.L.C. or
                     Pinnacle Entertainment, Inc. in connection with the
                     Approved Project and the application for the Approved
                     Project. The list shall contain the names, addresses,
                     social security numbers, and tax identification numbers (if
                     applicable) of all such persons and entities and a
                     description of the services rendered by the person or
                     entity. Persons or entities reported in the work-in-
                     progress report need not be included in this report.

                 c.  A listing of all persons and entities with whom agreements
                     have been made, along with summaries of the agreements, by
                     or on behalf of PNK (LAKE CHARLES), L.L.C. or Pinnacle
                     Entertainment, Inc. to pay any sum in connection with this
                     project. This list shall include the names, addresses,
                     social security numbers, and tax identification numbers (if
                     applicable) of all such persons and entities as well as a
                     description of the work to be done pursuant to the
                     agreement. Upon request of the Board, a copy of the entire
                     agreement will be provided to the Board.

                 d.  A report that includes an itemized statement of
                     expenditures, the balance of the Escrow Account, and the
                     balance of unencumbered funds available through line(s) of
                     credit on the last day of each month.

                 e.  A report of all persons having an ownership, economic,
                     revenue or income interest in PNK (LAKE CHARLES), L.L.C.
                     and Pinnacle Entertainment, Inc. Since Pinnacle
                     Entertainment, Inc. is a publicly traded company, those
                     holding less than five percent ownership, economic revenue
                     or income interest in Pinnacle Entertainment, Inc. may be
                     excluded from this reporting, unless the Board requires
                     otherwise.

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                 f.  The first monthly report, due on the 20th day of December
                     2001, shall include all information required in Paragraphs
                     a-e of Condition 22 starting from the date of PNK (LAKE
                     CHARLES), L.L.C.'s application for license, November 15,
                     1999.

            23.  To post performance and payment bonds incorporating such terms
                 and conditions as required by the Board, no later than ten (10)
                 days after Board approval of the contracts referenced in
                 Condition 15b, for construction of the Approved Project in
                 accordance with the plans and specifications approved by the
                 Board, with or by a company or companies approved by the Board.
                 Additional time may be granted by the Board in its sole
                 discretion upon timely request for good cause shown. Failure to
                 meet this deadline or to timely receive a waiver or extension
                 of time from the Board may result in forfeiture of all
                 privileges to the riverboat license.

            24.  To maintain a policy or policies of general liability insurance
                 insuring all non-employee passengers, guests, patrons, etc.
                 against personal injury and damage to property which they may
                 sustain in connection with or arising out of their presence on
                 the riverboat, the golf course, the hotel, and all other
                 related and support facilities operated by PNK (LAKE CHARLES),
                 L.L.C. The policy of liability insurance shall be in an amount
                 of not less than Fifty Million Dollars ($50,000,000.00). PNK
                 (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc. shall
                 maintain all other commercially reasonable insurance coverages,
                 including, but not limited to, worker's compensation, business
                 automobile liability, and commercial marine hull insurance. The
                 Board may require additional types of insurance coverage or
                 coverage limits if it determines that such additions are
                 commercially reasonable based on a review of the types and
                 limits of coverages maintained by other riverboat gaming
                 licensees or other similar projects.

            25.  To immediately notify the Board in writing and provide monthly
                 updates of any lawsuit(s) concerning the Approved Project or
                 PNK (LAKE CHARLES), L.L.C. Any lawsuits involving Pinnacle
                 Entertainment, Inc. or any Pinnacle subsidiary, any disputes,
                 or other matters that may substantially impact the Approved
                 Project or be required to be reported to any governmental
                 entity shall be reported to the Board.

            26.  To achieve and adhere to the following general economic and
                 procurement goals in conducting riverboat operations related to
                 the Approved Project:

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                 a.  To procure twelve and one-half percent (12.5%) of the total
                     cost of goods and services from minority owned and majority
                     minority owned companies;

                 b.  To procure twelve and one-half percent (12.5%) of the total
                     costs of goods and services from female and majority female
                     owned companies;

                 c.  To procure eighty percent (80%) of the total cost of goods
                     and services from Louisiana based companies;

                 d.  To hire minorities ten percent (10%) greater than in
                     proportion to the population of Calcasieu Parish.

                 e.  To hire females ten percent (10%) greater than in
                     proportion to the population of Calcasieu Parish; and

                 f.  To hire at least eighty percent (80%) Louisiana residents.

             27. In the event that either PNK (LAKE CHARLES), L.L.C. or Pinnacle
                 Entertainment, Inc., or both, file a voluntary petition under
                 any chapter of the Bankruptcy Code or an involuntary petition
                 is filed against either PNK (LAKE CHARLES), L.L.C. or Pinnacle
                 Entertainment, Inc., or both, which petition is not dismissed
                 within sixty (60) days after filing, then each of the following
                 conditions shall apply.

                 a.  All references herein to the "Bankruptcy Code" shall mean
                     Title 11 of the United States Code as it exists or may
                     hereafter be amended.

                 b.  All time periods provided for in this document shall be
                     considered to run continuously and without interruption or
                     suspension; that is, it is intended and agreed by PNK (LAKE
                     CHARLES), L.L.C. and Pinnacle Entertainment, Inc. that no
                     time period shall be considered to be interrupted or
                     suspended by the automatic stay or by the occurrence of any
                     event such as the conversion of a pending bankruptcy case,
                     appointment of a trustee, entry of an order for relief in
                     an involuntary case, or similar event.

                 c.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     acknowledge and agree that for purposes of the Bankruptcy
                     Code, the enforcement of Louisiana Gaming Control Law, the
                     rules and regulations, and these conditions is an exercise
                     by a governmental

                                      10
<PAGE>

                     unit of its police and regulatory powers not subject to the
                     automatic stay imposed by Section 362 of the Bankruptcy
                     Code.

                 d.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     acknowledge and agree that PNK (LAKE CHARLES), L.L.C. and
                     Pinnacle Entertainment, Inc. have no interest in or claim
                     to the fees or taxes due the state as a result of riverboat
                     gaming operations. PNK (LAKE CHARLES), L.L.C. and Pinnacle
                     Entertainment, Inc. acknowledge and agree that these fees
                     and taxes are to be held in trust on behalf of the state of
                     Louisiana from the moment the funds are received as part of
                     the gaming operations of PNK (LAKE CHARLES), L.L.C.

                 e.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     agree that "Applicable Law" as that term is defined in
                     Section 365 of the Bankruptcy Code in all cases excuses the
                     Board from accepting performance from any entity other that
                     PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     to whom PNK (LAKE CHARLES), L.L.C. and Pinnacle
                     Entertainment, Inc. may propose to "assign" or transfer all
                     or any part of its "assets."

                 f.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     agree that the Board has no duty to consent or consider
                     whether it may consent to any proposed assumption and
                     assignment pursuant to Section 365 of the Bankruptcy Code.

                 g.  Whether PNK (LAKE CHARLES), L.L.C. and Pinnacle
                     Entertainment, Inc. are in default of these conditions at
                     the time of commencement of a voluntary or involuntary
                     bankruptcy filing, PNK (LAKE CHARLES), L.L.C. and Pinnacle
                     Entertainment, Inc. shall not be excused from full and
                     timely performance under these conditions.

                 h.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     agree to give the Board seven calendar days prior notice of
                     the intent to file a voluntary bankruptcy petition. Within
                     twenty-four (24) hours of the receipt of notice, formal or
                     informal, of the commencement of an involuntary case
                     against PNK (LAKE CHARLES), L.L.C. and/or Pinnacle
                     Entertainment, Inc., both verbal and written notice of the
                     involuntary filing will be made to the Chairman of the
                     Louisiana Gaming Control Board.

                 i.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     agree to entry of an immediate order from the Bankruptcy
                     Court, without any waiver of sovereign immunity, on the
                     Board's ex parte motion:

                                      11
<PAGE>

                     1)  Granting to the Board a modification of the automatic
                         stay and/or recognition that the automatic stay is not
                         applicable allowing the Board to fully enforce each of
                         these conditions and all other regulatory laws of the
                         state of Louisiana. PNK (LAKE CHARLES), L.L.C. and
                         Pinnacle Entertainment, Inc. hereby agree that in such
                         a case, "cause" as defined by the Bankruptcy Code would
                         exist for the immediate entry by the Bankruptcy Court
                         of such an order modifying the automatic stay; and

                     2)  If deemed necessary or advisable by the Board,
                         compelling PNK (LAKE CHARLES), L.L.C. and/or Pinnacle
                         Entertainment, Inc. to appear immediately and show
                         cause why the privileges related to the license of PNK
                         (LAKE CHARLES), L.L.C. should not be immediately
                         surrendered by PNK (LAKE CHARLES), L.L.C.

                 j.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                     agree that neither the commencement of a bankruptcy case
                     nor the automatic stay shall interrupt or suspend the
                     tolling of any applicable cure period. PNK (LAKE CHARLES),
                     L.L.C. and Pinnacle Entertainment, Inc. agree that the
                     filing of a bankruptcy petition, voluntary or involuntary,
                     shall not suspend, interrupt or stay the running of the
                     five (5) year term of the riverboat license which term
                     shall commence on the first calendar day following
                     certification of the results of the Local Referendum.

           28.   To report immediately in writing to the Board any failure to
                 comply with these conditions or any provision of the LGCL, or
                 rules of the Board along with an explanation of the reasons
                 therefore.

           29.   To comply with any and all orders, directives and policy
                 decisions of the Board or the Division.

           30.   To have any request for relief, extension of time or
                 modification of condition presented to the LGCB for resolution
                 by the LGCB in its sole and absolute discretion. Except as
                 provided in Condition 17, any decision of the LGCB regarding a
                 condition, or a modification of or dispute regarding a
                 condition, is not subject to judicial review by means of the
                 appeals process set forth in the Louisiana Gaming Control Law,
                 provided however that nothing herein shall be construed to
                 preclude PNK (LAKE CHARLES), L.L.C. or Pinnacle Entertainment,
                 Inc. from seeking declaratory or injunctive relief from the
                 Nineteenth Judicial

                                      12
<PAGE>

                 District Court pursuant to such court's original jurisdiction
                 in accordance with Louisiana Constitution Article V, (S)16(A).

           31.   That the term of the license of PNK (LAKE CHARLES), L.L.C.
                 shall commence to run from the date of certification of the
                 results of the Local Referendum.

           32.   PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                 acknowledge and agree that any request for approval of a
                 transfer of ownership interest of PNK (LAKE CHARLES), L.L.C.
                 will not be approved by the Board unless the proposed purchaser
                 agrees to all conditions set forth in this document, and
                 demonstrates to the satisfaction of the Board the ability to
                 satisfy all conditions.

           33.   PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                 acknowledge and agree that the privileges they receive
                 hereunder are not assignable or transferable in any manner.

           34.   All reports required by LGCL, rules and regulations, or these
                 conditions shall be signed and certified by an officer of PNK
                 (LAKE CHARLES), L.L.C. or Pinnacle Entertainment, Inc. and
                 delivered to the:

                 a.  Louisiana Gaming Control Board, c/o Louisiana State Police
                     Audit Division, Post Office Box 66614, #41, Baton Rouge, LA
                     70896, and,

                 b.  Office of the Attorney General, Gaming Division, 339
                     Florida Street, Suite 500, Baton Rouge, LA 70801.

            35.  That upon determination of a need therefore, the Board may, in
                 its sole discretion, appoint a monitor who shall report
                 directly to the Board on any and all aspects of the Approved
                 Project until completion of the Approved Project. PNK (LAKE
                 CHARLES), L.L.C. and Pinnacle Entertainment, Inc. agree to make
                 all records of any nature whatsoever available to the monitor
                 at any time upon request. The costs of such monitor shall be
                 paid by PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment,
                 Inc. to be determined by the Board.

            36.  PNK (LAKE CHARLES), L.L.C. and Pinnacle Entertainment, Inc.
                 acknowledge and agree that the conditions set forth herein are
                 not a

                                      13
<PAGE>

                 limitation upon the authority or the rights of the Board
                 under any provisions of state or federal law.

    THUS DONE AND SIGNED by Appearers in the presence of the

undersigned witnesses on this 20/th/ day of November, 2001.

WITNESSES                                    PINNACLE ENTERTAINMENT, INC.
                                             PNK (LAKE CHARLES), L. L. C.

/s/ Witness                             By:  /s/ Paul Alanis
--------------------                         -------------------------------
                                             Paul Alanis, President and CEO

/s/ Witness
--------------------

          /s/ Notary Public
          ------------------------------------------
                         NOTARY PUBLIC

Approved By:

The Louisiana Gaming Control Board

/s/ Hillary J. Crain
---------------------------------------
Hillary J. Crain, Chairman
By Authority and on Behalf of the Board

                                      14

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