"We continued to execute on revenue growth and operational improvement initiatives in 2012, with revenues increasing 4.9% to a record $1.2 billion, Consolidated Adjusted EBITDA up 13.1% to a record $285.2 million and our margins expanding 173 basis points, also to record levels. Lake Charles and St. Louis were key drivers behind this performance, with each segment generating record annual revenues, Adjusted EBITDA and Adjusted EBITDA margin in 2012. The strong operating results we delivered in 2012 came in spite of abnormally low table hold across our Louisiana properties and a general softening in business volumes our industry began to experience during the fourth quarter."We also made progress in advancing several key financial, growth, and strategic initiatives in 2012," Mr. Sanfilippo added. "We successfully implemented a share repurchase program in 2012, with which we reduced our shares outstanding by approximately 7% at an average cost of $11.66 per share. The share repurchases demonstrate our conviction in the Company's future prospects and underscores our view on the intrinsic value of our assets.
Pinnacle Entertainment Reports 2012 Fourth Quarter And Record Full Year Results
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