Pinnacle Entertainment, Inc. today announced management changes to provide
the leadership for its Lake Charles project and continuation of the
success of its Belterra property.
Alain Uboldi, currently Regional Vice President and General Manager
overseeing the Company`s Belterra Resort Casino and Boomtown Bossier City,
has been named General Manager of the Company`s Lake Charles property
currently under construction. He will retain responsibilities over
Boomtown Bossier City. Recruited to replace Mr. Uboldi as General Manager
of Belterra Casino Resort is Larry Buck, who is joining the Company as
Vice President and General Manager. Mr. Buck, since June 2000, has been
the General Manager of Hyatt`s Grand Victoria Casino & Resort in Rising
Mr. Uboldi joined Belterra as Vice President and General Manager in 2001.
Born in Monte Carlo, he began his career with Peat Marwick Mitchell in
Paris from 1969 to 1973, returning to Monaco to take on executive gaming
management duties for hotel chain Societe des Bains de Mer (SBM Group)
from 1973 to 1980, with responsibility for essentially all of the gaming
operations at the famed Monte Carlo casino. He became Executive Vice
President of the Playboy Casino Hotel in Atlantic City in 1981 and then
Controller for the Regine`s nightclub chain in 1982. From 1983 to 1992, he
was General Manager of the Lady Luck Casino Hotel in Las Vegas and then
created Lady Luck Gaming Corporation, serving as its President and COO
from 1992 until the sale of that company in 2000. At Lady Luck, he was
instrumental at developing and opening several casinos in Mississippi,
Iowa and Colorado.
At Grand Victoria, Mr. Buck had managerial responsibility for the casino
hotel, ranging from daily operations to long-term strategies.
Earlier, from 1999 to 2000, Mr. Buck was Senior Vice President and General
Manager of Harrah`s Reno in Reno, Nevada. From 1996 to 1999, he was Vice
President/General Manager of the Players Casino in St. Louis, Missouri.
Prior thereto, Mr. Buck was Vice President of Operations at the Players
Casino in Lake Charles, Louisiana since 1993 when that casino opened. He
was also Vice President of Finance and Administration for the Players
Casino in Metropolis, Illinois, from 1991 to 1993.
Mr. Buck began his career at the Golden Nugget in Atlantic City, the first
major project of Mirage Resorts. He holds a B.S. in Accounting from
Syracuse University and an MBA in Financial Management from Drexel
University. He is active in industry and charitable associations,
including the Casino Association of Indiana, of which he is a board member.
“Larry Buck is a terrific addition to our management team. He has been one
of the leaders in the Indiana/Ohio River gaming industry for several years
and has the skills and experience to oversee the opening of the expansion
that we now have under construction. He will continue the tradition of
success at this property that has been developed and nurtured by Alain
Uboldi,” stated Daniel R. Lee, Pinnacle`s Chairman and CEO. “Larry also
helped open and operate the first casino in Lake Charles and one of the
first casinos in St. Louis, Missouri. We are under construction in Lake
Charles, were recently selected to develop a casino in the City of St.
Louis and are under consideration to develop a casino in St. Louis County.
While Larry`s primary responsibilities will be at Belterra, his experience
in these other markets will also be invaluable to our Company.”
Mr. Lee continued, “Meanwhile, we look forward to having Alain Uboldi`s
leadership in Lake Charles. Alain has done a tremendous job at Belterra in
developing a management team and producing solid financial results. He is
the perfect person to lead our Lake Charles project, which will be our
Company`s largest property when it opens in March 2005.”
Pinnacle Entertainment owns and operates eight casinos (four with hotels)
in Nevada, Mississippi, Louisiana, Indiana and Argentina, and receives
lease income from two card club casinos, both in the Los Angeles
metropolitan area. The Company is also developing a major casino resort in
Lake Charles, Louisiana, subject to continued compliance with the
conditions of the Louisiana Gaming Control Board, and has been selected
for casino and related development in St. Louis, MO, pending approval of
the Missouri Gaming Commission.
The Private Securities Litigation Reform Act of 1995 provides a “safe
harbor” for forward-looking statements. Forward-looking information
involves important risks and uncertainties that could significantly affect
future results and accordingly, such results may differ from those
expressed in forward-looking statements made by or on behalf of Pinnacle
Entertainment. Pinnacle Entertainment cautions that these statements are
qualified by important factors that could cause actual results to differ
materially from those reflected by the forward-looking statements
For further information, please contact: Dan Lee, Chairman & CEO, Wade
Hundley, COO, or Steve Capp, CFO, all of Pinnacle Entertainment, Inc.,
+1-702-784-7777; or Sean Collins, Partner of CCG Investor Relations,
+1-818-789-0100, for Pinnacle Entertainment, Inc.