Animals rescued from burning home in Live Oak

18 May 2012

Two dogs, several rabbits, birds and hamsters were rescued from a burning home in Live Oak on Friday night, but one longtime family pet is feared to have perished in the fire.

Firefighters were called to the 2200 block of Archer Avenue around 7:25 pm A large column of black smoke was visible in Yuba City, about 10 miles away.

The house was not damaged, but a detached, single-story garage at the rear of the home was a total loss. A German shepherd was unaccounted for, said Sutter County Fire Chief Dan Yager.

One resident of the home sustained smoke inhalation, and one person had a cut hand, Yager said.

The cause of the fire was not determined. The investigation was ongoing.

SEE THE SLIDE SHOW.

Butte County and Sutter County Fire Department both responded to the blaze, with five engines helping extinguish the fire and remaining on scene for more than 11frasl;2 hours.

Bev McFarland saw the smoke as she was coming home from work in Gridley. She feared it was her house, but instead it was the home across the street, which belonged to her neighbors of four years.

I just jumped out of my car and I told my husband to call the Fire Department, she said. They are wonderful neighbors, and they were not home and everyone was trying to help. Everyone was grabbing the hoses and trying to get the animals.

McFarland ran toward the garage, where flames were visible, and started yelling for the familys older German shepherd. But he was scared, and she could not get to him, she said, her eyes tearing.

They were big-time animal lovers. They were always rescuing animals, she said.

A few young men on bicycles had stopped to help but finally yelled to run, fearing an explosion.

The flames were just too big, she said. Im just thankful their home was saved, and no one was injured.

A thick, gray fog of smoke gradually settled over the neighborhood, which filled with onlookers.

Many people walked over to the homes tenants to offer their condolences.

Rabbits and hamsters sat safe in plastic cages on the lawn as another German shepherd was comforted near the front porch.

McFarland and her husband tried to soothe Rascal, a golden pup who had been the newest pet addition to the home.

Live Oak resident Tariq Mahmood shook his head as he tried to fathom the owners distress.

I helped them to take their animals out because its the same as a human, he said. In the holy book, it says to save animals.

He had been at home on the west side of Highway 99 when he saw smoke unfurling into the sky.

When he arrived, flames were 25 to 30 feet high at the rear of the house but that did not stop him from lending a hand, he said.

Its in my town, he said. So I should help them.

CONTACT Ashley Gebb at agebb@appealdemocrat.com or 749-4783. Find her on Facebook at /ADagebb or on Twitter at @ADagebb.

Ohio Bill Would Ban Exotic Animals As Pets

17 May 2012

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May 10, 2012

Exotic animals are already restricted in many states. Lawmakers in Ohio are considering legislation that would ban dozens of exotic animals as pets. Among other things, owners would have to apply for permits for existing animals.

Copyright © 2012 National Public Radio®. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

DAVID GREENE, HOST:

It’s MORNING EDITION, from NPR News. Good morning. I’m David Greene.

STEVE INSKEEP, HOST:

And I’m Steve Inskeep.

For the most part, of course, what you do at home is your business. But a tragedy in Ohio has authorities legislating the question of which animals people keep at home. An Ohio TV station, NewsChannel5, was on the story last week.

(SOUNDBITE OF NEWSCHANNEL5 BROADCAST)

UNIDENTIFIED WOMAN: Our other top story Live on Five: Five exotic animals were returned to a farm in Zanesville.

INSKEEP: Zanesville is in southeast Ohio, and the five animals are two leopards, two primates and one brown bear.

(SOUNDBITE OF NEWSCHANNEL5 BROADCAST)

UNIDENTIFIED WOMAN: Last fall, you remember, their owner released them, along with dozens of his exotic pets, before committing suicide.

INSKEEP: That owner was Terry Thompson. Thompson’s widow, Marian Thompson, was just reunited with her animals – against the wishes of Ohio authorities. The case has state legislators asking if anybody really wants to have a bear next door. Here’s NPR’s Rachel Ward.

RACHEL WARD, BYLINE: Exotic animals are already restricted in many states. But when Terry Thompson let some 50 wild animals loose, it prompted Ohio officials to act quickly. There’s a bill in progress that has passed the state Senate, and now the state’s House of Representatives is considering it.

DALE SCHMIDT: You can’t have a black-tailed deer as a pet, but you could have a tiger.

WARD: Dale Schmidt is the president of the Columbus Zoo. The zoo has been caring for Thompson’s surviving animals. Schmidt also advised on the legislation. It would ban dozens of animals and exotic animal auctions.

SCHMIDT: Just like you go to livestock auction, well, they do livestock and then next thing you know, they’re bringing out a baby tiger or a baby lion or, you know, a snake.

WARD: It’s not just about banning animals. It’s about regulating them. Owners would have to apply for permits for existing animals. They’d have to put up signs warning visitors about their pets. And poisonous snake owners would have to stock anti-venom in case of bites. To Columbus, Ohio reptile breeder Terry Wilkins, the new rules spell disaster.

TERRY WILKINS: We have about 15 employees. They’d lose their jobs.

WARD: Wilkins makes his living breeding, selling and trading captive-born snakes and lizards.

WILKINS: Oh, I’ve been keeping reptiles since I was a little kid. In my upbringing, a reptile is no different than a cat, a bird or a dog.

WARD: He says the law would have an economic impact not just on him, but on the businesses that supply him. Take, for example, a supplier that sells to a bait store.

WILKINS: On the average, that bait store might sell maybe a box of crickets a month, which is about a thousand crickets. Now, imagine when I called my first supplier and told him I needed 20,000 crickets a week.

WARD: Wilkins may end up challenging the law in court. He says we need to protect species so endangered that they no longer exist outside of captivity. But others say fondness for animals can cause enthusiasts to overlook safety.

NATHAN NOBIS: I guess this kind of happens with people-to-people relationships.

WARD: Nathan Nobis teaches bioethics at Morehouse College in Atlanta.

NOBIS: You know, you could develop a fondness for somebody and become so convinced they would never do anything bad in any sort of way.

WARD: But, Nobis argues, just like people, animals can change and become dangerous. Plus, it’s expensive to care for these animals in the right way. A tiger eats 16 pounds of food a day. Exotic animal enthusiasts agree about the need to care for these animals properly. But they point out that if the exotic animal legislation passes, it would take Ohio from being one of the most lenient states in the nation to one of the most restrictive.

Rachel Ward, NPR News.

Copyright © 2012 National Public Radio®. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to National Public Radio. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR’s prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

 

New yuan lending drops, monetary loosening expected

17 May 2012

BEIJING, May 11 (Xinhua) — Chinese financial institutions lent less-than-expected new loans in yuan in April as the economy continued to slow, strengthening expectations for further monetary loosening.

New yuan-denominated loans reached 681.8 billion yuan (108.2 billion US dollars) in April, down 61.2 billion yuan compared with a year earlier, Chinas central bank said Friday.

The figure was far below market estimates of around 800 billion yuan, following weak monthly data on investment, industrial output and consumption released Friday.

Aprils yuan lending was also the lowest this year, compared with 1.01 trillion yuan loaned in March, 710.7 billion yuan in February and 738 billion yuan in January, according to the Peoples Bank of China (PBOC).

There was an obvious decline in credit needs in April, said Lian Ping, chief economist with the Bank of Communications. Government policies should put more emphasis on boosting demand in the future.

Financial regulators should unleash liquidity, drive down market interest rates, reduce corporate financing costs and speed up bank lending, Lian suggested.

Of the new yuan lending, medium- and long-term loans now account for less than 25 percent, well below the 50 percent level in previous years, showing large companies borrowing demand has shrunk markedly, said Liu Yuhui, a financial researcher with the Chinese Academy of Social Sciences, a government think tank.

Aprils low lending may foreshadow further slumps in imports and investment in future, affecting the economic trend in the second quarter, he said.

Chinas imports edged up only 0.3 percent year-on-year in April while exports climbed 4.9 percent, both well below market estimates.

Urban fixed-asset investment rose 20.2 percent from the year before in the first four months, the slowest pace since the 17.4 percent growth recorded in 2002, the National Bureau of Statistics (NBS) said Friday.

In April, industrial value-added output grew 9.3 percent year-on-year, its lowest pace in nearly three years, while retail sales climbed 14.1 percent, lower than the 15.2-percent increase in March.

Ba Shusong, an economist with the Development Research Center under the State Council, or Chinas cabinet, advised beefing up monetary support for the economy while maintaining a prudent policy tone.

The governments fine-tuning measures made some difference, but its not strong enough to reverse the downward trend, said Ba.

The PBOC on Thursday reiterated its stance of maintaining a prudent monetary policy in the months ahead, saying inflationary risks still deserve attention.

Analysts expect more reductions in the reserve requirement ratio for banks in the short term and interest rate cuts in the second or third quarter, but note that the central bank remains wary of price rebounds.

Chinas consumer price index, a main gauge of inflation, rose 3.4 percent year-on-year in April, easing slightly from the 3.6-percent rate registered in March, the NBS said Friday.

All the indicators create more leeway for the central bank to adjust its policies, said Zhou Wenyuan, an analyst with Guotai Junan Securities.

Meanwhile, Liu said an outflow of deposits in April may slow bank lending growth in May and restrict future expansion of investment.

The PBOC data shows yuan-denominated deposits fell by 465.6 billion yuan in April, compared with a growth of 342.4 billion yuan in the same period of last year.

New loans in foreign currencies in April were worth 9.6 billion yuan, 39.6 billion yuan less than the same period last year, the PBOC said.

M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 12.8 percent year-on-year to 88.96 trillion yuan at the end of April.

The growth was slower than the 13.4 percent rate a month earlier and the 14-percent annual target set by the government.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, climbed 3.1 percent year-on-year to 27.5 trillion yuan at the end of April. The increase was 1.3 percentage points lower than a month earlier.

Preliminary data shows the countrys social financing, a measure of funds raised by entities in the real economy, totaled 959.6 billion yuan in April, 407.7 billion yuan less than the same period of 2011 and sharply down from 1.86 trillion yuan in March.

In April, cross-border trade deals settled in yuan reached 196.2 billion yuan, while yuan-denominated cross-border direct investment totaled 21.7 billion yuan, according to the PBOC.

Sangha demands protection of crops from wild animals

16 May 2012
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Bharatiya Kisan Sangha Udupi district unit president BV Poojary Perdoor said on Friday that the Government and the district administration should take action to protect farmers and their fields from wild animals.

Mr. Poojary told presspersons that the sangha would stage a dharna in front of the Deputy Commissioners office here on May 16 to press the Government on this issue.

Mr. Poojary said the sangha had been focusing on this problem for three years, but to no avail.

Nearly 20 per cent to 90 per cent of the crops grown by farmers were destroyed by wild animals.

Even among the wild animals, nearly 50 per cent of the crops grown by farmers in the district were destroyed by monkeys.

The other wild animals that destroyed the crops included bisons, wild boars, peacocks, and deer.

Monkey park

A delegation comprising four members of the sangha and four officials of the Department of the Forests had visited Himachal Pradesh for five days in September 2010 to study the working of the Monkey Park there to prevent the damage of fields by monkeys.

After this visit, the team had submitted a report to the State Government. The matter had been brought to the notice of Chief Minister DV Sadananda Gowda but action had not been taken.

‘Transport monkeys

The sangha demanded that the Government catch the monkeys from the district and transport them to wildlife sanctuaries, where the population of monkeys was low.

A programme to this effect should be implemented taking the gram panchayats and farmers into confidence.

A sterilisation centre should be opened in Karkala to sterilise the remaining moneys. Trenches should be dug around the forests, on the lines of the Elephant Protection Trenches dug around Bandipur Wildlife Sanctuary, so that wild animals did not leave the forests.

Demand

Farmers should be given permits to possess firearms to protect their fields against wild animals, Mr. Poojary said.

Office-bearers of the sangha Satyanarayana Udupa Japti, Vasudeva Shanbhag, and Srinivas Bhat were present.

Mercury News interview: Paul Leonard, Center for Responsible Lending

16 May 2012
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Courtesy Paul Leonard — Pictured is Paul Leonard, California Director for the Center for Responsible Lending. Photo is to accompany ssjm0428satchat by Peter Carey.

Apps for animals: iPads used in communicating with apes, dolphins

16 May 2012
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Researchers have long been interested in communicating with different species of animals through technology. With developments in mobile devices such as iPads, comes an unexpected windfall in animal interaction and communication research.

Selling over 67 million iPads as of April 24, 2012, Apples booming industry is branching out its audience to include more than just Homo sapiens. Apes and dolphins are among the various species to interact with iPads and there are even several iPad games designed specifically for pets.

Dolphins were the first zoological animal to be introduced to the iPad. Jack Kassewitz of SpeakDolphin works with Merlin, a Bottlenose Dolphin in aquatic communication research. Kassewitz has taught Merlin to touch photos of objects on the screen with his nose that correspond to the real objects he is shown.

This is an easy task for a dolphin, but it is a necessary building block towards our goal of a complete language interface between humans and dolphins, Kassewitz said in a press release. After successful interactions with dolphins, apes were the next in line to play with this over-priced toy.

Orangutans at the Jungle Island zoological park in Miami are learning to communicate with their keepers by sounds, hand gestures and the iPad, said program director Linda Jacobs. After the trainer names an object, the Orangutans are able to identify it from various others on the screen and press the corresponding image. They also draw and play games on the iPad as part of a mental stimulus and enrichment program.

The younger Orangutans have picked up on the new form of communication, but the older ones dont seem interested. I think they just figure, Ive gotten along just fine in this world without this communication-skill here and the iPad, and I dont need a computer, Jacobs told Associated Press.

Birute Mary Galdikas, founder of the Orangutan Foundation International has studied Orangutans in the wild for more than four decades. Its not surprising that Orangutans, who share 97 percent of their genetic material with humans, like (iPads), too, she said.

Similar research has been done with Bonobos using a touch screen computer called a Lexigram. Ken Schweller is the Buena Vista University professor working with the Bonobo Hope Great Ape Sanctuary to test Bonobos communication skills.

Romney looks for a running mate

15 May 2012
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Sen. Lamar Alexander, who was the education secretary under Former President George HW Bush, talks about the race to 2012 and President Barack Obama’s call for student loan reform.

ANZ says most of interest margin fall recovered

15 May 2012
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EDMOND ROY: Sticking to its second Friday of the month mortgage rates announcement, ANZ has been the last of the major banks to announce its new mortgage lending rates in response to the Reserve Banks cut last week.

ANZ will be passing on 37 basis points of the Reserves 50 basis point rate cut to both mortgage and business customers.

In its latest half-yearly profit report the bank had said net interest margins in Australia were down 13 basis points.

Our business reporter Michael Janda asked the head of the banks Australian operations Philip Chronican if the latest move recovered all of that fall in margins.

PHILIP CHRONICAN: I would stress that the total Australian business is more than just our mortgage book but nonetheless I think you can safely say that the 37 basis point reduction off the back of the 50 basis point cut goes a long way towards fixing up our margin issues.

MICHAEL JANDA: So does that mean youre reducing your deposit rates by the full 50 basis points that was announced by the Reserve Bank in the official cash rate cut?

PHILIP CHRONICAN: That will vary; obviously different deposit rates, our products have different rates but a large amount of our deposits are on rates that its very hard to reduce down so not all products move at the same rate.

What we found after the two Reserve Bank rate cuts in November and December last year was that just due to the competition for deposits those rates didnt fall and that was a large part of the margin contractions weve been saying which is irrelevant to the overall level of interest rates, deposit rates, which have generally been rising.

MICHAEL JANDA: One thing that customers would be asking now that the ANZ has moved to announcing its rates decision on the second Friday of the month, about a week and-a-half after the Reserve Bank decision is how much money the bank is making in the meantime between the Reserve Banks official cash rate cut and the cut in your mortgage rates which wont take effect until May 18?

PHILIP CHRONICAN: Well its a very odd question because what weve been trying to be very clear about is you know the Reserve Bank announces a rate cut; that has no direct immediate impact on our costs to funds.

So its quite a misleading question to put it in that way. Our cost to funds gradually moves down. So the term deposits we raised two, three, four weeks ago are still with us. We dont get to reduce the rate on those.

So in fact our costs to funds comes down only progressively around the time of a Reserve Bank rate cut and its not as easy as saying that were making money in the interim.

MICHAEL JANDA: So with the deposit rates on cash accounts, savings accounts and also new term deposits; when do you move those down in response to the Reserve Banks decisions? Is it at the same time as your mortgage and business loan rates?

PHILIP CHRONICAN: No, in some cases they moved earlier, in some cases slower. We price a number of different products on a continuous basis so our fixed rate home loan rates, for example, are reviewed weekly. Most of our deposit products are reviewed weekly.

Its only in the case of the standard variable rate for home lending that there has been this monthly process put in place because its such (inaudible).

MICHAEL JANDA: So if your deposit rates are generally reviewed weekly there would be some interval between when most of your deposit rates go down and when the cash rate is passed through to mortgage rates and business lending?

PHILIP CHRONICAN: The, as I said before, because when we loan term deposits we have to pay that rate for the full length of the term even if we cut the rate immediately on the Reserve Bank, removing their rates, obviously were still paying across the deposits that weve taken on board over the last few months.

So our average cost to funds comes down only progressively. Even with the rate cut being effective next Friday the 18th of May, we will still be wearing a cost until our average cost of funds comes down to the lower levels implied by the Reserve Banks move.

MICHAEL JANDA: Looking at your latest half yearly profit report, it did look like growth in your Asian business is effectively subsidising below par growth and falling interest margins in your Australian business.

PHILIP CHRONICAN: So thats a reasonable view to take. In fact both our New Zealand businesses and our Asian businesses had profit growth and we had a profit contraction in Australia.

Now that on one level is a good thing in that ANZ strategy about building is Asian business does get a greater diversity of income. But obviously at some stage the Australian business has to stand on its own two feet as well.

MICHAEL JANDA: I guess finally that raises the logical question of whether your customers are likely to see any further so-called out-of-cycle rate increases or not see the full effect of any further Reserve Bank rate cuts?

PHILIP CHRONICAN: I really cant comment on that. Really itll come down to the way in which deposit pricing and off-shore wholesale funding costs move over the coming months.

EDMOND ROY: ANZ Australias chief executive Philip Chronican.

MADE IN AMERICA: Hartsville couple sees buying American-only as their …

15 May 2012
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HARTSVILLE, S.C –

Dale and Audrey Tripp have given new meaning to the saying put your money where your mouth is. A little more than a year ago, the Hartsville couple not only started talking about buying American-made goods, but made every effort to focus their buying power on goods made in the USA.

I consider buying things made in America as an act of patriotism, said Dale, vice president and general manager of Anderson Brass in Hartsville. We find that it is still possible to make a difference while paying only a little bit more.

His wife readily agrees.

Its time we came back to that quality vs. quantity feeling, said Audrey, director of the Hartsville Memorial Library.

Dale and Audrey say their American-made purchases last longer and are of a better quality.

Audrey will admit, however, that it has slowed down their purchasing. By having to replace items less often, she says, they save more money, too.

It isnt always an easy goal to accomplish, Audrey confesses. Dale agrees, saying that is especially difficult with electronic purchases. In fact, it can even be frustrating at time, leaving them empty-handed as they pass the cash register. It happened to them recently while trying to find an American-made bathroom faucet at a large retail stores.

For a long time, there have been no foreign cars in the Tripp driveway. Now they are trying to eliminate foreign-made clothing, furniture and other household items from their lives as well.

Dale said he gets funny looks at car rental places when he says he will only rent American-made vehicles, but he is holding firm to his convictions.

The couples 19-year-old and 21-year-old sons knew when the time came for their first automobile it would be an American product.

They understand that as long as we are paying for it, they will never get a foreign-made car, Dale said.

Dale and Audrey said their fathers held similar beliefs about domestic cars.

Audrey said they now seek out retailers that offer the best selections of American-made products in all other areas. Two Hartsville businesses that came to mind were Lulus Boutique for clothing and Ace Hardware for tools.

Dale said electronics are the hardest items to purchase American-made, because there arent many. He said the last television set made in American was made by Curtis Mathes. The company stopped production of their high-end television sets in the 1980s.

For some items, there is little or no choice but to buy from foreign manufacturers the couple points out, but said it is worth the effort to buy American when possible and they suggest everyone at least give it a try.

Audrey said it will mean having to make an effort and most likely having to go to more than one store in search of the American-made version of the goods you want to purchase. And yes, sometimes even paying a little more for it as well.

There are still going to be things you wont be able to find, Audrey said. But by the time you decide on what you are going to purchase, you have educated yourself.

You may even realize that it forces you to economize, Dale added.

For those interested in following their lead, Audrey said it is easier to start with leisure purchases and things you dont need, but want, because it wont be as important if you come away empty-handed.

For Audrey, who likes to shop, it has become a challenge to see how many items she can find that are made in the USA. She looks through catalogues, online and in stores.

It makes shopping fun, Audrey said.

Dale said he tends to go to a store looking for just one item. If he doesnt find what he wants, he walks away.

Try for six months, Audrey suggests, and see how much it makes a difference in how you live.

Of late, Audrey said she has been encouraged by the number of articles she has seen on the subject.

As a businessman, Dale said the cost of manufacturing goods elsewhere is beginning to rise. Some manufacturing jobs are returning to the United States. He sees this as a key to our economic recovery.

He said one of the major reasons for importing foreign goods is because they can be manufactured cheaper elsewhere. He says that is not necessarily so anymore.

According to the Tripps, it is time to rethink our buying habits and to start making an effort to purchase lsquo;Made in the USA products.

As Audrey points out We are the ones who make the choices to buy.

Pinnacle Entertainment Sets New Standard For Casino Rewards Program; More Cars …

15 May 2012
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LAS VEGAS, April 30, 2012 /PRNewswire via COMTEX/ –
Pinnacle Entertainment, Inc.

/quotes/zigman/255912/quotes/nls/pnk PNK
-4.54%



today announced it is offering players a wealth of extraordinary benefits in its mychoice guest loyalty program. Just one year after enhancing the program, Pinnacle is now offering an innovative new benefit: annual trips to Atlantis, Paradise Island resort in The Bahamas. Atlantis joins an array of iconic brands already available to mychoice members such as the opportunity to earn an annual lease on Mercedes-Benz vehicles, cruises on Royal Caribbean International and stays at Wynn Las Vegas and Encore.

To view the multimedia assets associated with this release, please click:

http://www.multivu.com/mnr/55465-pinnacle-entertainment-mychoice-casino-rewards-program

“Our steadfast focus remains on exceeding our guest’s expectations and truly rewarding their loyalty,” said Pinnacle Entertainment President and Chief Executive Officer Anthony Sanfilippo. “One of the many features that make the mychoice program special is that our guests design it every time they choose their own custom gifts and inspiring experiences from an unprecedented roster of world-class brands. It really is their program and we show our appreciation by offering rewards tailor-made to them; it gives choice a whole new meaning.”

“Atlantis is excited to be partnering with Pinnacle Entertainment’s mychoice loyalty program,” said George Markantonis, President/Managing Director of Kerzner International Bahamas. “We are looking forward to welcoming their guests to the Atlantis family, offering unprecedented amenities including the largest casino in the Caribbean, beautiful white-sand beaches, world-class dining experiences and more.”

As a new Pinnacle partner for 2012, Atlantis Resort offers an unparalleled casino experience including the Caribbean’s largest casino with a variety of 750 slots and over 90 table games, outdoor gaming at Cain at The Cove as well as a high-energy Race and Sports Book.

Pinnacle’s most loyal guests earn a place in The Owner’s Club and may apply for membership in the Owner’s Club Stock Program. Accepted guests will receive an award of 100 shares of Pinnacle common stock. Existing Owner’s Club members may now also choose from a selection of luxury timepieces, a lease on a Mercedes-Benz sedan, SUV or convertible or an exclusive once-in-a-lifetime trip such as the Mercedes-Benz Driving Academy or an adventurous cruise featuring exotic ports of call throughout Asia.

All mychoice members earn tier points based on the games they play, the duration they play and the average bet they make. To maximize the program’s value and flexibility, casino play earns more than points toward a specific tier; it also earns members mycash rewards, which can be used for the benefits that guests enjoy most – slot play, dining, shopping, hotel stays, cash back or a combination thereof.

In addition to the aforementioned rewards, the enhanced mychoice program features guaranteed monthly mycash multipliers, invitations to private VIP events, priority restaurant seating, VIP lounge access, personal casino hosting, preferred hotel booking and check-in and VIP seating for many high-demand entertainment events. A full description of the program is available at
www.pinnaclemychoice.com .

About Pinnacle EntertainmentPinnacle Entertainment, Inc. owns and operates six casinos, located in Louisiana, Missouri, and Indiana, and a racetrack in Ohio. In addition, Pinnacle is developing L’Auberge Casino Hotel Baton Rouge, and holds a 26% ownership stake in Asian Coast Development (Canada) Ltd. (ACDL), an international development and real estate company currently developing Vietnam’s first large-scale integrated resort on the Ho Tram Strip.

Pinnacle Entertainment, Inc. is publicly traded on the New York Stock Exchange under the ticker symbol PNK. To learn more about Pinnacle Entertainment, please visit
www.pnkinc.com .

Forward-Looking StatementsAll statements included in this press release, other than historical information or statements of historical fact, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements, including statements regarding the mychoice program, the Owner’s Club and the Owners Club Stock Program, are based on management’s current expectations and are subject to risks, uncertainties and changes in circumstances that could significantly affect future results. Accordingly, Pinnacle cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. For more information on the potential factors that could affect Pinnacle’s business and financial results, review Pinnacle’s filings with the Securities and Exchange Commission (the “SEC”), including, but not limited to, its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Pinnacle Entertainment, Inc. has filed a registration statement (including a prospectus) on Form S-3 (File No. 333-172884) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at
www.sec.gov . Alternatively, Pinnacle Entertainment, Inc. will arrange to send you the prospectus if you request it by calling toll-free 1-877-764-8750.

SOURCE Pinnacle Entertainment, Inc.

Copyright (C) 2012 PR Newswire. All rights reserved

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PNK

Pinnacle Entertainment Inc.

US

: U.S.: NYSE


$
9.88

-0.47
-4.54%

Volume: 792,968
May 14, 2012 4:01p

P/E Ratio17.72
Dividend YieldN/A

Market Cap$647.22 million
Rev. per Employee$155,930

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