Penn National COO promoted to chief executive
Tim Wilmott retires after 11 years with the operator and a year and a half as AGA chairman
Penn National has named former COO Jay Snowden as its new CEO, with the incumbent Tim Wilmott retiring after 11 years with the operator.
Snowden joined the firm in 2011 as SVP regional operations after 12 years at Caesars in various senior management roles.
Snowden was responsible for leading the firm’s integration with Pinnacle, following its acquisition of the retail operator last year.
Snowden said: “Since I joined Penn National, the company has cemented its reputation as one of the gaming industry’s best managed and largest operators of regionally diverse gaming properties.
“This success is a reflection of the company’s disciplined operating strategies and unparalleled execution by our dedicated team,” he said.
Wilmott said he was grateful to have led Penn National through a transformational period.
He said: “After more than 30 years in the industry that I love, I look forward to Penn National’s further growth under Jay’s leadership.”
During his six-year tenure as chief executive, Wilmott has also served as the chairman of the American Gaming Association.
The operator today reported Q2 revenues of $1.3bn, up almost $500m from last year.
It has signed a handful of market access deals with The Stars Group, DraftKings, PointsBet and theScore, while also acquiring stakes in theScore and PointsBet.
Kambi has been chosen as Penn National’s betting platform supplier in a handful of states, with Iowa and Indiana the first to be rolled-out.