Anthony Sanfilippo named President, Chief Executive Officer at Pinnacle Entertainment in las Vegas
Anthony Sanfilippo succeeds John V. Giovenco, who has served as Pinnacle's interim chief executive officer since November 2009 and will continue to serve on Pinnacle's board. Mr. Sanfilippo was instrumental in repositioning Multimedia Games' operating focus and financial discipline. This focus included new initiatives that resulted in the creation of a more effective process for the development of new games, which has driven the creation of products that are receiving increased interest from casino operators; significantly higher levels of cash generation; the rationalization of selling, general and administrative expenses; and a strengthened balance sheet with higher cash balances and reduced outstanding borrowings. Prior to joining Multimedia Games, Mr. Sanfilippo served in executive roles at Harrah's Entertainment, Inc., the world's largest casino company. During his tenure at Harrah's, he served as president of Harrah's central and western divisions, overseeing the operations of more than two dozen casinos and gaming resorts. Mr. Sanfilippo was also a member of the senior management team that led the successful integration of gaming assets acquired by Harrah's, including Jack Binion's Horseshoe Casinos, the Grand Casino & Hotel brand, Players International and Louisiana Downs racetrack. In addition, Mr. Sanfilippo was president and chief operating officer for Harrah's New Orleans and a board member of Jazz Casino Corp. prior to Harrah's acquiring full ownership. He has directed tribal gaming operations in Arizona, California and Kansas and has held gaming licenses in most states that offer legalized gambling.