Pinnacle Entertainment Inc. (NASDAQ:PNK) Q4 2015 Earnings Conference Call - Final Transcript

Feb 11, 2016 • 10:00 am ET

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Pinnacle Entertainment Inc. (NASDAQ:PNK) Q4 2015 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning. My name is April, and I will be your conference operator today. At this time, I would like to welcome everyone to the PNK 2015 Q4 Earnings Call. [Operator Instructions] Thank you.

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

Executive
Vincent Zahn

Thank you, April. Good morning, everyone. My name is Vincent Zahn, Vice President and Treasurer of Pinnacle Entertainment. Thank you for joining Pinnacle Entertainment's 2015 fourth quarter and full year earnings conference call. Earlier this morning, we released our 2015 fourth quarter and full year financial results. If you don't have a copy of the announcement and would like one sent to you, please visit the Investor Relations section of our website, or contact us by emailing investors@pnkmail.com.

On the call with us today are Pinnacle Entertainment's Chief Executive Officer, Anthony Sanfilippo; our Chief Administrative Officer, Ginny Shanks; and our President and Chief Financial Officer, Carlos Ruisanchez. We will begin the call today with prepared remarks from Anthony, Ginny, and Carlos, and then we'll open up the call for your questions and answers.

Before we get to that, we would 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 measures to the most directly comparable financial measure calculated and presented in accordance with GAAP can be found in today's press release.

With that, it's my pleasure to turn the call over to Pinnacle Entertainment's Chief Executive Officer, Anthony Sanfilippo.

Executive
Anthony Sanfilippo

Thank you, Vincent, and welcome, everyone, to our 2015 fourth quarter and full year earnings discussion. 2015 was a terrific year for Pinnacle Entertainment. Operationally, we posted outstanding results throughout our portfolio of properties. Baton Rouge, River City and Belterra Park, all properties we've recently invested capital, produced much improved year-over-year results. The properties we acquired through the acquisition of Ameristar 2.5 years ago made progress and increasing profitability, mainly through leveraging company-wide capabilities we continue to enhance and develop.

And in Lake Charles, we continue to prove out that when you focus on creating a great environment for our team members to do their best work, along with compelling reasons for our guests to experience our property that the result is a business that will compete extremely well as market dynamics materially change. We are very pleased with the results, in 2015, of L'Auberge Lake Charles, and we believe we continue to have opportunity to