-- Carlos Ruisanchez Promoted to President --
-- Ginny Shanks Promoted to Chief Administrative Officer --
LAS VEGAS, May 21, 2013 (GLOBE NEWSWIRE) -- Pinnacle Entertainment (PNK) Chief Executive Officer Anthony Sanfilippo today announced two executive leadership promotions designed to accelerate the Company's growth and transformation into a leading gaming entertainment company. Effective immediately:
Carlos Ruisanchez, 42, has been promoted to President & Chief Financial Officer. Ruisanchez previously held the position of Executive Vice President & Chief Financial Officer. Ruisanchez has been with the Company since August 2008 and has more than 15 years of gaming industry experience, including time spent as an investment banker advising gaming companies. As President & Chief Financial Officer, Ruisanchez will continue to be responsible for the Company's overall strategy and development activities, as well as the financial and administrative functions of its finance department including management of the capital structure, strategic financial planning, accounting, strategic sourcing, bank and financial community relationships, SEC reporting and internal and industry analysis.
Ginny Shanks, 52, has been promoted to Executive Vice President & Chief Administrative Officer. Ms. Shanks previously held the position of Executive Vice President & Chief Marketing Officer. Ms. Shanks has been with the Company since October 2010 and has more than 30 years of industry marketing and operational experience. As Executive Vice President & Chief Administrative Officer, Ms. Shanks will continue to be responsible for the Company's enterprise-wide marketing strategies, including the ongoing development of distinct brand positioning for its gaming entertainment properties and overall branding strategies, database marketing efforts and continued evolution of the mychoice guest loyalty program, establishing new processes for enhancing the guest experience, and more effectively communicating with guests. In addition, Ms. Shanks is responsible for the Company's human resources and information technology departments.
On the executive leadership promotions, Mr. Sanfilippo commented, "Carlos and Ginny are terrific leaders. They are thoughtful and collaborative executives and are highly engaged in all aspects of our business. Over the past three years, we have made great strides in improving the enterprise-wide quality of the executive leadership at Pinnacle Entertainment. As our Company continues to grow, I am confident that Carlos and Ginny, along with the other talented and dedicated senior leaders at Pinnacle Entertainment, will bring the focus and guidance needed to provide excellent service to our guests, enriching careers for our team members, and drive long-term value for our stakeholders. I congratulate Carlos and Ginny on their promotions and look forward to the future success of these talented executives and Pinnacle Entertainment."
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, owns a minority interest in Asian Coast Development (Canada) Ltd., an international development and real estate company currently developing Vietnam's first large-scale integrated resort on the Ho Tram Strip, and holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack outside of San Antonio, Texas.
On December 20, 2012, Pinnacle 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, Mo.; Kansas City, Mo.; Council Bluffs, Iowa; Black Hawk, Colo.; Vicksburg, Miss.; East Chicago, Ind.; and the Jackpot properties in Jackpot, Nev.
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