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Penn National Gaming names new president6 February 2008WYOMISSING, Pennsylvania -- (PRESS RELEASE) -- Penn National Gaming, Inc. (PENN: Nasdaq) announced that Timothy J. Wilmott, 49, who most recently served as Chief Operating Officer of Harrah's Entertainment, Inc., was appointed President and Chief Operating Officer, effective February 4, 2008. The President and Chief Operating Officer positions at Penn National Gaming have been open since the fourth quarter of 2006 and the Board of Directors and management have led an executive search during this period. Mr. Wilmott is reporting directly to Penn National Gaming Chairman and Chief Executive Officer, Peter M. Carlino. The appointment is subject to customary regulatory approvals. Mr. Wilmott brings to Penn National over 20 years of experience in managing and developing gaming operations in diverse regulated jurisdictions including Arizona, California, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nevada, New Jersey and North Carolina, as well as internationally. Mr. Wilmott most recently served as Chief Operating Officer of Harrah's Entertainment, a position he held for approximately four years. In this position, he oversaw the operations of all of Harrah's revenue-generating businesses, including 48 casinos, 38,000 hotel rooms and 300 restaurants. All Harrah's Division Presidents, Senior Vice Presidents of Brand Operations, Marketing and Information Technology personnel reported to Mr. Wilmott. During his tenure, Mr. Wilmott was credited with advancing Harrah's player tracking and customer rewards programs, increasing its customer acquisition and marketing efforts and developing and introducing analytical tools aimed at driving growth and customer satisfaction. Prior to his appointment to the position of Chief Operating Officer, Mr. Wilmott served from 1997 to 2002 as Division President of Harrah's Eastern Division with responsibility for the operations of eight Harrah's properties. Commenting on the announcement, Peter M. Carlino, Chief Executive Officer of Penn National said, "Tim Wilmott brings to Penn National proven management skills and extensive industry experience including in-depth knowledge of many of the markets where Penn National operates. In addition, Tim has specific, relevant experience managing a growing property portfolio, which will be of great value to Penn National given our history and current pipeline of expansion projects. "With the addition of Tim to our team of experienced, results-oriented General Managers and operations, finance, marketing, project development and legal executives, Penn National will be strongly positioned to extend our success with our current property portfolio, planned expansion projects and recent acquisitions. We look forward to Tim's leadership, experience and relationships as we execute on our plans to further broaden the Company and ensure that our properties deliver excellent entertainment experiences to our patrons." Mr. Wilmott began his career at Harrah's in 1987, when senior management recruited him to enter the President's Associate Development Program. In 1992, Mr. Wilmott was selected to lead Harrah's expansion efforts in the emerging riverboat gaming market, when he was named Vice President and General Manager of Harrah's Joliet, the Company's first riverboat casino operation. Under Mr. Wilmott's leadership, Harrah's Joliet became one of the country's most popular and successful riverboats, posting record revenue with two state-of-the-art riverboat casinos and 1,800 full-time staff members. Mr. Wilmott returned to Atlantic City when he was appointed President and General Manager of Harrah's Atlantic City in 1995 where he oversaw the operation of one of the nation's most profitable land-based casinos at the time. During his twenty year career at Harrah's, the company grew to become the world's largest gaming company and consistently generated leading share in many of the markets in which it operates casinos. Tim Wilmott commented on his appointment, "In just ten years, Penn National has emerged as one of the gaming industry's best managed, fastest growing operators of regionally diverse gaming properties. This success is a reflection of the Company's disciplined operating strategies and policies and consistent excellent execution by the Company's corporate and property level management teams. I look forward to working with Peter Carlino and the entire Penn National Gaming team at this exciting time in the Company's continued development." Mr. Wilmott, earned a Masters in Business Administration in corporate finance from the Wharton School of Business in 1987 and Bachelor's and Master's Degrees in Industrial Engineering from Lehigh University in 1980 and 1981, respectively.
Penn National Gaming names new president
is republished from CasinoVendors.com.
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