WYOMISSING, Pa.--(BUSINESS WIRE)--May 30, 2017--
Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the
“Company”) announced today that Nelson N. Parker has been named Senior
Vice President of Corporate Development, effective May 30, 2017, subject
to customary regulatory approvals. Mr. Parker brings a 20-year track
record of success in project development and investment management to
Penn National and will report directly to the Company’s Chief Financial
Officer, William J. Fair.
Nelson Parker joins Penn National from Hard Rock International, where he
most recently served as Senior Vice President of Hotel & Casino
Development. As a member of the Hard Rock development team since 2010,
Mr. Parker oversaw commercial and tribal development activities, was
responsible for securing gaming licenses in new domestic and
international jurisdictions, and participated in several M&A
transactions, all of which led to Hard Rock’s property portfolio growth.
From 2005 to 2010, he served in a variety of development roles at
Foxwoods Resort Casino, including as Vice President of Development. In
that role, he led all aspects of new commercial and tribal resort casino
development and acquisition efforts for Foxwoods’ growth initiatives. He
also served from 2003 to 2005 at Argosy Gaming Company in several roles,
including as Corporate Director of Development, and worked on the
acquisition of the pari-mutuel property which has since become Hollywood
Gaming at Dayton Raceway. Prior to his involvement in gaming and
lodging, Mr. Parker held senior level positions for several Midwestern
private equity groups where he was involved in numerous acquisitions and
participated as an active board member for multiple portfolio companies.
He holds a BA in Business Administration with an emphasis in Management
from Transylvania University. At Penn National, Mr. Parker will be
responsible for corporate growth and development initiatives.
Commenting on Mr. Parker’s appointment, Mr. Fair said, “We are delighted
to welcome Nelson to the Company and believe that his proven experience
with complex development projects and M&A transactions of all sizes is
an ideal fit with our strategic growth plans and focus on providing our
patrons with excellent entertainment experiences. His expertise will
support our goals of optimizing our growing regional gaming portfolio
and strengthening our multi-channel distribution platform while pursuing
opportunities to further expand the scale and diversity of our
operations to build shareholder value.”
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests in gaming
and racing facilities and video gaming terminal operations with a focus
on slot machine entertainment. The Company also recently expanded into
social online gaming offerings via its Penn Interactive Ventures, LLC
division and its recent acquisition of Rocket Speed Inc. At March 31,
2017, the Company operated twenty-seven facilities in seventeen
jurisdictions, including California, Florida, Illinois, Indiana, Kansas,
Maine, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New
Mexico, Ohio, Pennsylvania, Texas, West Virginia, and Ontario, Canada.
At March 31, 2017, in aggregate, Penn National Gaming operated
approximately 35,000 gaming machines, 800 table games and 4,600 hotel
rooms.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements can be identified by the use of forward looking terminology
such as “expects,” “believes,” “estimates,” “projects,” “intends,”
“plans,” “seeks,” “may,” “will,” “should” or “anticipates” or the
negative or other variations of these or similar words, or by
discussions of future events, strategies or risks and uncertainties.
Specifically, forward-looking statements may include, among others,
statements concerning future transactions, development projects,
portfolio growth and required regulatory approvals, as well as other
factors as discussed in the Company’s Annual Report on Form 10-K for the
year ended December 31, 2016, subsequent Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K, each as filed with the United States
Securities and Exchange Commission. The Company does not intend to
update publicly any forward-looking statements except as required by
law. In light of these risks, uncertainties and assumptions, the
forward-looking events discussed in this press release may not occur.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170530006318/en/
Source: Penn National Gaming, Inc.
Penn National Gaming, Inc.
William J. Fair, 610-373-2400
Chief
Financial Officer
or
JCIR
Joseph N. Jaffoni, Richard Land
212-835-8500
penn@jcir.com