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Pinnacle Entertainment Announces Management Change

LAS VEGAS, June 5 /PRNewswire-FirstCall/ -- Pinnacle Entertainment, Inc. (NYSE: PNK) today announced that, in order to improve its efficiency and effectiveness and to plan for its growth, the company has been centralizing its development, marketing, technology and other strategic functions at its headquarters inLas Vegas. Wade Hundley, Pinnacle's president, has chosen not to relocate from his home inDallas and has resigned his position, effective immediately.

Mr. Hundley will continue to act as a consultant to Pinnacle on certain of its casino resort development opportunities. His other responsibilities will be divided among current members of Pinnacle's management team.

"I want to thank Wade for his role in helping to build the company into a leading developer, owner and operator of casino gaming resorts," said Daniel R. Lee, Pinnacle's chairman and chief executive officer. "We wish him well in his future endeavors."

About Pinnacle Entertainment

Pinnacle Entertainment, Inc. owns and operates casinos inNevada, Louisiana,Indiana,Missouri,Argentina and TheBahamas and has significant insurance claims related to a hurricane-damaged hotel and casino complex previously operated inBiloxi, Mississippi. The Company opened Lumiere Place, a $507 million casino hotel in downtownSt. Louis, Missouri, in December 2007. Pinnacle also has a second casino development project under construction in theSt. Louis area, which opening is dependent upon final approval by the Missouri Gaming Commission. Pinnacle is currently developing a second casino resort inLake Charles, Louisiana, to be called Sugarcane Bay; is developing a casino resort inBaton Rouge, Louisiana; and has submitted a proposal for a casino resort inKansas City, Kansas, subject to various approvals. Additionally, Pinnacle owns a casino site at the heart of the famed Boardwalk inAtlantic City, New Jersey, on which it plans to build a major new casino resort.

     For further information
     At Pinnacle Entertainment - (702) 784-7777:

     Dan Lee, Chairman & CEO
     Steve Capp, CFO
     Lewis Fanger, Investor Relations

SOURCE Pinnacle Entertainment, Inc.

Copyright © 2009, PRNewswire
Copyright © 2009, NewsBlaze, Daily News

Tags: ,ENT,TRA,CNO,PER,NV-Pinnacle-Change

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