UPDATE: Dan Lee, CEO of Pinnacle, resigns after an investigation into his behavior was launched

Casino Watch Focus reported that the Missouri Gaming Commission was investigating the strong-arm incident at a recent casino rezoning meeting.  Now, The St Louis Post Dispatch is reporting that Daniel Lee has resigned as the CEO of Pinnacle Entertainment Inc.:

The veteran casino industry executive resigned his job atop Pinnacle on Monday, two days after Missouri gambling regulators launched an investigation into his conduct at last week’s meeting of the St. Louis County Council. In a statement, the gambling company said Lee was quitting “to pursue other business interests.”

A spokesman said Pinnacle would not otherwise comment beyond its statement, which thanked Lee for his seven years of service and for building Pinnacle from a “small casino company to a developer and operator of world-class gaming entertainment properties.”

Daniel Lee has a long history of unsavory comments and behavior.  The Post continues:

Long before his confrontation with a local lawmaker Tuesday, Lee — a frank, fast-talking former Wall Street analyst — had a reputation as something of a character.

He regularly made snide comments about competitors, once referring to Creve Coeur-based Isle of Capri Casinos as “the Motel 6 of the industry,” and describing the Casino Queen in East St. Louis as “surrounded by razor wire.”

[His] company also joined Ameristar Casinos in a campaign to overturn Missouri’s $500 loss limit last fall. Pinnacle poured $7.7 million into a ballot initiative that would end the limits.

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