Pinnacle Entertainment Announces Retirement of John V. Giovenco From Board of
LAS VEGAS, Jan. 18, 2013 (GLOBE NEWSWIRE) -- Pinnacle Entertainment, Inc.
(NYSE:PNK) announced today that John V. Giovenco has retired from his position
as a member of the Company's board of directors, effective January 15, 2013.
Mr. Giovenco, a distinguished Gaming and Hospitality industry veteran, joined
the Company's board in February 2003.
"John has been an outstanding Director for Pinnacle Entertainment," said
Richard Goeglein, Chairman of the Board of Pinnacle Entertainment."In
addition to being one of our longest-serving members, John has made
significant contributions to the Board's decisions during his tenure and was
very engaged in the Company and Board's activities with roles as lead director
from February 2008 until May 2009, Interim Chief Executive Officer from
November 2009 to March 2010 and most recently as a member of the Corporate
Governance and Nominating and Audit Committees.On behalf of the entire board,
we thank John for his many years of service and numerous contributions, and
wish him and his family the best."
"It has been an honor and privilege to serve on Pinnacle's board of
directors," said John Giovenco."I am proud of the growth and positive
transformation achieved over the course of my ten years of service to the
Company's shareholders, and particularly by the progress and remarkable
results realized over the past three years.I am confident a foundation is in
place for Pinnacle to enjoy continued success, and I wish the Company the best
in its future endeavors."
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates seven casinos, located in
Louisiana, Missouri, and Indiana, and a racetrack in Ohio.In addition,
Pinnacle is redeveloping River Downs in Cincinnati, Ohio into a gaming
entertainment facility and holds a 23% ownership stake in Asian Coast
Development (Canada) Ltd. (ACDL), an international development and real estate
company currently developing Vietnam's first large-scale integrated resort on
the Ho Tram Strip.
On December20, 2012, the Company agreed to acquire Ameristar Casinos, Inc. in
an all cash transaction valued at $26.50 per Ameristar share or total
consideration of $2.8 billion including assumed debt.Ameristar owns and
operates casino facilities in St. Charles near St. Louis, Missouri; Kansas
City, Missouri; Council Bluffs, Iowa; Black Hawk, Colorado; Vicksburg,
Mississippi; East Chicago, Indiana; and the Jackpot properties in Jackpot,
The Pinnacle Entertainment, Inc. logo is available at
CONTACT: Investor Relations
Vincent J. Zahn, CFA
Vice President, Finance and Investor Relations
(702) 541-7753 or firstname.lastname@example.org
Executive Vice President, Chief Marketing Officer
(702) 541-7194 or email@example.com
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