THIRD AMENDMENT TO EMPLOYMENT AGREEMENT

Exhibit 10.2

THIRD AMENDMENT TO

EMPLOYMENT AGREEMENT

THIS THIRD AMENDMENT TO EMPLOYMENT AGREEMENT (the “Third Amendment”) is made this 15th day of December, 2016, effective as of January 1, 2017 (the “Effective Date”), by and between PINNACLE ENTERTAINMENT, INC., a Delaware corporation (the “Company”), and VIRGINIA E. SHANKS, an individual (“Executive”), with respect to the following facts and circumstances:

RECITALS

The Company and Executive entered into an Employment Agreement on October 13, 2014 (the “Employment Agreement”), with Executive having a base salary of Six Hundred Thousand Dollars ($600,000) per year.

On December 18, 2014, effective as of January 1, 2015, the Company and Executive entered into that certain First Amendment to Employment Agreement (the “First Amendment”) and on December 21, 2015, effective as of January 1, 2016, the Company and the Executive entered into that certain Second Amendment to Employment Agreement (the “Second Amendment” and, together with the Employment Agreement and the First Amendment, the “Agreement”).

Effective as of January 1, 2017, the Company and Executive desire to amend the Agreement to increase Executive’s base salary to Six Hundred Sixty Thousand Dollars ($660,000) per year.

NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements set forth herein, the parties hereto agree as follows:

AMENDMENT

1. Effective as of January 1, 2017, Article 3, Section 3.1 of the Agreement (Base Salary) is hereby deleted in its entirety and replaced with the following new Article 3, Section 3.1:

“3.1 Base Salary. In consideration for Executive’s services hereunder, the Company shall pay Executive an annual base salary at the rate of Six Hundred Sixty Thousand Dollars ($660,000.00) per year effective as of January 1, 2017 through the end of the Term; payable in accordance with the Company’s regular payroll schedule from time to time (less any deductions required for Social Security, state, federal and local withholding taxes, and any other authorized or mandated similar withholdings).”

2. Except as modified herein, all other terms of the Agreement shall remain in full force and effect. In the event of a conflict between the terms of the Agreement and this Third Amendment, the terms of this Third Amendment shall apply. No modification may be made to the Agreement or this Third Amendment except in writing and signed by both the Company and Executive.

- 1 -

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly as of the date first written above.

- 2 -