PNK HIRES FORMER BANKER AS EVP – STRATEGIC PLANNING. INTERESTING

It’s no secret that I think a PENN/PNK combination makes a lot of sense. For this reason, I find it very interesting that PNK hired Carlos Ruisanchez as its EVP of Strategic Planning and Development. Aside from being a fellow UCONN undergrad, Mr. Ruisanchez has some good experience as a senior banker covering the space at Bear Stearns. With pressure on management from shareholders and presumably the Board to increase shareholder value, might his duties involve a little more than just finding development opportunities? My guess would be yes.