Stephen Capp recently resigned as chief financial officer of Las Vegas-based Pinnacle Entertainment to pursue other opportunities. Capp, who also served as executive vice president, left the company in early March. He had been at the company for eight years.
Stifel Nicolaus Capital Markets gaming analyst Steven Wieczynski said, “We are somewhat surprised by today’s announcement as we feel Mr. Capp has been instrumental in overhauling the company’s corporate cost structure, in turn delivering improved bottom-line results in the face of persistent macro pressures.”
The company said it will launch a search for Capp’s replacement immediately.