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Gaming Industry News |
Saturday November 22nd, 2008 |
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Pinnacle Entertainment Announces Property Management Changes |
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Pinnacle Entertainment, Inc. (NYSE:PNK) today announced a series of property-level executive changes designed to help the company manage its growth and expansion. |
David Williams has been named Vice President and General Manager of the company's Boomtown Reno property in Verdi, Nevada. Mr. Williams most recently served as Vice President and General Manager of Boomtown New Orleans in Harvey, Louisiana, where he had held various executive positions since that property's opening in 1994. He also served as Regional Vice President overseeing Pinnacle's former casino in Biloxi, Mississippi, which was sold in 2006.
Before joining Boomtown New Orleans, Mr. Williams was the Executive Casino Manager of the Western Village, owned by the Peppermill Hotel Casino in Reno, which he joined in 1982. The Peppermill is one of the leading casinos in the Reno area. Previously, Mr. Williams had served in a variety of operating and executive positions with Harrah's Entertainment, Inc.
Terry Schneider has been named to succeed Mr. Williams as Vice President and General Manager of Boomtown New Orleans. Mr. Schneider most recently served as Vice President and General Manager of Pinnacle's former Casino Magic Biloxi property in Biloxi, Mississippi, which was closed as a result of damage from Hurricane Katrina. The closed property and related assets have since been sold.
As the general manager of Casino Magic Biloxi, Mr. Schneider oversaw all aspects of the casino property, including its AAA Four Diamond-rated hotel. Prior to that, Mr. Schneider was director of casino operations for Argosy Kansas City in Missouri, and spent several years in successive operating positions with Harveys Casinos. Since the closing of Casino Magic Biloxi, Mr. Schneider has worked on a variety of corporate projects, including the company's development projects in downtown St. Louis, Missouri and Baton Rouge, Louisiana.
Rafael Verde has been promoted to Vice President and General Manager of Casino Magic Argentina. In that role, Mr. Verde will oversee the company's main Casino Magic Neuquen property, as well as the company's several smaller regional casinos in the province. A native of Venezuela, Mr. Verde most recently served as Assistant General Manager at Boomtown New Orleans. Mr. Verde began his gaming industry career at the Argosy Casino-Baton Rouge in 1994. He joined Boomtown New Orleans in the accounting department in 1999. From 2003 to 2004, Mr. Verde was Senior Director of Finance and Administration at Belterra, Pinnacle's gaming resort in Vevay, Indiana, before moving to Lake Charles, Louisiana, where he served as Senior Director of Finance at the company's L'Auberge du Lac resort during its initial opening period.
"We're pleased to be moving these three executives into new positions," said Daniel R. Lee, Pinnacle's Chairman and Chief Executive Officer. "David will be instrumental in our plans for Boomtown Reno, which we plan to refurbish and expand. In New Orleans, Terry will be overseeing our plans to add a 200-guestroom, four-star hotel and to replace our existing riverboat with a state-of-the-art single-deck casino. Rafael will play a key role for us in Argentina, where we are completing construction of our first hotel adjoining our principal casino. We're particularly pleased to be promoting people from within Pinnacle as we focus on expanding our operations."
About Pinnacle Entertainment
Pinnacle Entertainment, Inc. owns and operates casinos in Nevada, Louisiana, Indiana, Missouri, Argentina and The Bahamas, owns a hotel in Missouri, and has significant insurance claims related to a hurricane-damaged hotel and casino complex previously operated in Biloxi, Mississippi. The Company is building a $507 million casino hotel in downtown St. Louis, scheduled to open in December. Pinnacle also has a second casino development project under construction in the St. Louis, Missouri area. The opening of both Missouri casinos is dependent upon final approval by the Missouri Gaming Commission. Pinnacle is currently developing a second casino resort in Lake Charles, Louisiana, to be called Sugarcane Bay, anticipates developing a casino resort in Baton Rouge, Louisiana, to be called Riviere, and has submitted a proposal for a casino resort in Kansas City, Kansas, subject to various approvals. Additionally, Pinnacle owns a casino site at the heart of the famed Boardwalk in Atlantic City, New Jersey, on which it plans to build a major new casino resort.
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