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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 23, 2000
PINNACLE ENTERTAINMENT, INC. (formerly Hollywood Park, Inc.)
(Exact Name of Registrant as Specified in its Charter)
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<S> <C> <C>
Delaware 0-10619 95-3667491
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
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330 N. Brand Boulevard, Suite 1100, Glendale, California 91203
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (818) 662-5900
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Item 5. Other Events.
On February 23, 2000, Pinnacle Entertainment, Inc. (formerly Hollywood
Park, Inc.) issued a press release, a copy of which is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
Item 7. Exhibits.
99.1 Press Release dated February 23, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PINNACLE ENTERTAINMENT, INC.
Date: February 24, 2000 By: /s/ Bruce C. Hinckley
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Bruce C. Hinckley
Chief Financial Officer
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Exhibit Index
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Exhibit Description
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99.1 Press Release dated February 23, 2000.
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Exhibit 99.1
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HOLLYWOOD PARK ANNOUNCES NAME CHANGE TO
PINNACLE ENTERTAINMENT
New Name Reflects Transformation to Gaming Entertainment Company
GLENDALE, Calif., Feb. 23 /PRNewswire/ -- Hollywood Park, Inc. (NYSE: HPK -
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news) today announced that it has changed its corporate name to Pinnacle
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Entertainment, Inc. The Company's stock will begin trading under the ticker
symbol PNK on the New York Stock Exchange on February 28, 2000. The Company's
new logo and links to its properties can be found at its new website address
www.pinnacle-entertainment-inc.com.
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Since 1997, Hollywood Park has aggressively been building the Company's presence
in casino gaming markets outside Atlantic City and Las Vegas. With a Company
strategy of focusing all of its resources in the casino gaming industry, the
Company has recently sold the Hollywood Park Race Track and executed a letter of
intent to sell its Turf Paradise Race Track.
"The Hollywood Park name has always been associated with horse racing," remarked
Paul Alanis, President and COO of Pinnacle Entertainment. "With the sale of the
Hollywood Park Race Track and our intended sale of Turf Paradise, a new
corporate name is an important way of reflecting our transition out of horse
racing and into an exclusive focus on casino gaming and related activities. The
Pinnacle Entertainment name indicates our desire to provide our guests with a
high quality entertainment experience within the casino environment, as best
exemplified by our Belterra Resort and Casino, which is under construction in
Southern Indiana and scheduled to open in August."
Pinnacle Entertainment is a diversified gaming company that owns and operates
eight casinos (four with hotels) in Nevada, Mississippi, Louisiana and
Argentina, two of which are the subject of pending sale transaction. Pinnacle
Entertainment receives lease income from two card club casinos, both in the Los
Angeles metropolitan area; and owns and operates a racing facility in Arizona
that is the subject of a pending sale transaction. The company is also
constructing the Belterra Resort and Casino, a major hotel/casino complex in
Southern Indiana, approximately 35 miles southwest of Cincinnati.
For more information on Pinnacle Entertainment, Inc. via facsimile at no cost,
call 1-800-PRO-INFO and dial company code PNK.
