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8-K - FORM 8-K - Gold Merger Sub, LLC | c14780e8vk.htm |
EX-10.1 - EXHIBIT 10.1 - Gold Merger Sub, LLC | c14780exv10w1.htm |
Exhibit 99.1
PINNACLE ENTERTAINMENT NAMES CARLOS RUISANCHEZ
CHIEF FINANCIAL OFFICER
CHIEF FINANCIAL OFFICER
LAS VEGAS, March 28, 2011 Pinnacle Entertainment, Inc. (NYSE: PNK) announced today that Carlos
Ruisanchez, 40, currently the Companys Executive Vice President of Strategic Planning and
Development, has been named to the additional role of Chief Financial Officer. The appointment is
effective April 1, 2011, subject to the satisfaction of regulatory approvals, and follows the
previously announced March 31, 2011 departure of current Pinnacle Chief Financial Officer, Stephen
H. Capp. Mr. Ruisanchez reports to Pinnacle Entertainments President and Chief Executive Officer,
Anthony Sanfilippo.
In his expanded role, Mr. Ruisanchez will be responsible for managing the financial and
administrative functions of the finance department including management of the capital structure,
strategic financial planning, accounting, strategic sourcing, bank and financial community
relationships, internal and SEC reporting, and internal and industry analysis to support the
Companys goals for growth and profitability. He will also continue to oversee the Companys
overall strategy and development activities, as well as its business and gaming analytics efforts.
Prior to joining Pinnacle in 2008, Mr. Ruisanchez was Senior Managing Director at Bear, Stearns &
Co., where he was responsible for corporate clients in the gaming, lodging and leisure industries
and financial sponsor banking relationships. Mr. Ruisanchez joined Bear Stearns investment
banking department in 1997 as an associate. Prior to joining Bear Stearns, Mr. Ruisanchez was a
financial analyst for Aetna Health Plans. He holds a Masters Degree in Business Administration
with a concentration in finance and international business from the Haas School of Business at the
University of California, Berkeley, as well as a bachelors degree in finance from the University
of Connecticut School of Business.
Mr. Sanfilippo commented, Carlos brings relevant gaming industry and capital markets knowledge and
experience to the role of Chief Financial Officer. This appointment is consistent with our
initiative to align our senior management and operating teams and their collective skills,
relationships and backgrounds with the Companys focus on operational excellence and thoughtful
growth. During his tenure at Pinnacle, he has led our development efforts, including River City,
our Baton Rouge casino and hotel currently under construction and the recent acquisition of River
Downs Racetrack, while working closely with Pinnacles finance department. At the same time, he
developed a suite of new casino analytics with the operations team to support our goal of driving
improved returns from our property portfolio. Carlos has a terrific mix of leadership and business
capabilities that will serve our organization and shareholders well as we continue to move Pinnacle
Entertainment forward.
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates a total of seven casinos, located in Louisiana,
Missouri, Indiana and Nevada, and a racetrack in Ohio. The Company is also developing a casino in
Baton Rouge, Louisiana that is scheduled to open in the first quarter of 2012.
Pinnacle Entertainment, Inc. is publicly traded on the New York Stock Exchange under the ticker
symbol PNK. To learn more about Pinnacle Entertainment, please visit www.pnkinc.com.
All statements included in this press release, other than historical information or statements of
historical fact, are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are subject to risks, uncertainties and changes in circumstances that
could significantly affect the Companys future financial results and business. For more
information on the potential factors that could affect the Companys financial results and
business, review the Companys filings with the SEC, including, but not limited to, its Annual
Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.
CONTACT: |
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Investor Relations
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Public Relations | |
Lewis Fanger
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Kerry Andersen | |
Vice President, Finance & Investor Relations
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Director, Community & Public Relations | |
702/541-7777 or investors@pnkmail.com
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337/395-7631 or kandersen@ldlmail.com | |
Richard Land, Jim Leahy |
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Jaffoni & Collins Incorporated |
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212/835-8500 or pnk@jcir.com |