Pinnacle Entertainment Inc (NYSE:PNK) Q4 2014 Earnings Conference Call - Preliminary Transcript

Jan 29, 2015 • 07:00 am ET


Pinnacle Entertainment Inc (NYSE:PNK) Q4 2014 Earnings Conference Call - Preliminary Transcript


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Ladies and gentlemen, thank you for standing by. And welcome to Pinnacle Entertainment's Fourth Quarter Earnings Call. [Operator Instructions]

Thank you. I would now like to turn the conference over to Mr. Vincent Zahn. Please go ahead, sir.

Vincent Zahn

Thank you, Paula. Good morning, everyone. My name is Vincent Zahn, Vice President of Finance and Investor Relations for Pinnacle Entertainment. Thank you for joining Pinnacle Entertainment's 2014 fourth quarter and full year earnings conference call. Earlier this morning, we released our fourth quarter and 2014 full year financial results. If you don't have a copy of the announcement and would like one sent to you, please contact us by e-mailing investors at

On the call with us today are Pinnacle Entertainment's Chief Executive Officer, Anthony Sanfilippo; our Chief Administrative Officer, Ginny Shanks; and President and Chief Financial Officer, Carlos Ruisanchez. We'll begin the call with prepared remarks from Anthony, Ginny, Carlos, and then we'll open up the call for your questions-and-answers. Before we get to that, we'd like to remind you that during the course of this conference call, management may state beliefs and make projections or other forward looking statements regarding future events and future financial performance of the company.

We wish to caution you that such statements are just projections and expectations, and that actual events or results may differ materially. We refer you to the Safe Harbor statement that's included in the press release and to our annual report on Form 10-K, quarterly reports on Form 10-Q and to our press releases and documents filed with the SEC. In addition, today's call may include non-GAAP financial measures within the meaning of Regulation G. A reconciliation of all such non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with GAAP can be found in today's press release.

It's my pleasure to turn the call over to Pinnacle's Chief Executive Officer, Anthony Sanfilippo.

Anthony Sanfilippo

Thank you, Vincent. And welcome everyone to Pinnacle Entertainment's 2014 fourth quarter and year end earnings discussion. We are pleased with the performance and financial results for the quarter. Ameristar and Pinnacle became one company in August of 2013. Over the past 18-month periods, since that point in time, our leadership team has done an outstanding job integrating systems, best practices and most importantly, establishing a unified one company culture.

As we ended 2014 and begin this New Year, we are well-positioned in the manner in which we serve our guests, in fostering a climate for our team members to do their best work and in providing investors a reason to believe in Pinnacle Entertainment. An improvement as we are currently seeing in consumer confidence will create positive financial outcomes for our company in a meaningful way.

Ginny and Carlos will provide color to our quarter and year end results, and Carlos will also provide an update on the progress we have made on our efforts and regards, the spinning off our real estate into a separate real estate investment trust.