In October 1998, the property came under the ownership of Hollywood Park, Inc. (later Pinnacle Entertainment), which bought Casino Magic Corp. for $340 million. Pinnacle quickly sold off the Bay St. Louis property, along with its Boomtown Biloxi casino, enabling it to focus resources on Casino Magic Biloxi. Plans included two new parking garages to be built jointly with the Isle of Capri and Grand Casino, and an additional 300-room hotel, possibly to be developed with Jimmy Buffett under his Margaritaville brand. Construction plans for the new hotel were pushed back to 2006, though, while Pinnacle focused on building the L'Auberge du Lac Resort in Louisiana.