Penn National Gaming Names Bob Sheldon President of Las Vegas Operations
June 10 2015 - 10:00AM
Business Wire
Anthony Marnell, Current President and
General Manager of M Resort to Transition to Strategic Consulting
Role with Penn National
Penn National Gaming, Inc. (PENN: Nasdaq) (the “Company,” “Penn
National” or “Penn National Gaming”) announced today the
appointment of Bob Sheldon as President of Las Vegas Operations
effective July 6, 2015, subject to regulatory approvals. In this
newly created position, Mr. Sheldon will oversee the operations of
Tropicana Las Vegas following the completion of the Company’s
acquisition of the iconic Strip property, which is expected to
occur later this year, as well as the operations of the M Resort in
Henderson. Mr. Sheldon will report directly to Jay Snowden, Penn
National’s Chief Operating Officer.
Bob Sheldon currently serves as the General Manager of Hollywood
Casino at Kansas Speedway, which is jointly owned with
International Speedway Corporation, and was responsible for the
property’s successful opening in February 2012. A search for his
replacement is underway.
Jay Snowden, Chief Operating Officer of Penn National Gaming,
commented, “Bob has been a key member of our integration planning
team as we begin to lay the foundation for a smooth transition at
Tropicana Las Vegas. He’s excited to be returning to his
professional roots in Las Vegas where he began his career at the
Las Vegas Hilton and later spent many years with the Mirage Resorts
organization, including serving as President of the Golden Nugget
Hotel and Casino. He has a deep knowledge of not only the Las Vegas
market but how to successfully run large resort operations,
including Foxwoods Resort Casino in Connecticut, as well as the
Waldorf=Astoria and the Beverly Hills Hilton. Bob is ideally suited
to drive our Las Vegas strategy forward and lead the Tropicana Las
Vegas in its next phase of growth and long-term success.”
Anthony Marnell, who is currently the President and General
Manager at the M Resort, will be transitioning to a new strategic
consulting role for Penn National focused on community and
political relations in Nevada as well as Penn National’s long-term
property development plans in Las Vegas. Mr. Marnell, along with
Marnell Corrao Associates, designed and built the M Resort in 2007
and opened the property in 2009.
“Every inch of the M Resort bears the Marnell family signature
for high quality design and exquisite attention to detail,” said
Jay Snowden. “We are proud to retain the M Resort name and carry on
the Marnell family legacy there. Going forward, Penn National will
benefit from Anthony’s expertise and knowledge of Nevada gaming and
the greater Las Vegas business and political landscape. As we
integrate Tropicana Las Vegas into our growing property portfolio
and further refine the operations at the resort, Anthony’s casino,
design and construction expertise will also be invaluable to our
entire team as we focus on the long-range master planning of our
operations in Las Vegas. Bob Sheldon and his team will work closely
with Anthony over the coming months to ensure a smooth
transition.”
About Penn National Gaming
Penn National Gaming owns, operates or has ownership interests
in gaming and racing facilities with a focus on slot machine
entertainment. At March 31, 2015, the Company operated twenty-six
facilities in seventeen jurisdictions, including Florida, Illinois,
Indiana, Kansas, Maine, Massachusetts, Maryland, Mississippi,
Missouri, Nevada, New Jersey, New Mexico, Ohio, Pennsylvania,
Texas, West Virginia, and Ontario. At March 31, 2015, in aggregate,
Penn National Gaming’s operated facilities featured approximately
31,000 gaming machines, 760 table games and 3,100 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, including future plans, strategies,
performance, developments, acquisitions, capital expenditures, and
operating results. Actual results may vary materially from
expectations. These forward looking statements are inherently
subject to risks, uncertainties and assumptions about Penn National
Gaming and its subsidiaries, including risks related to required
regulatory approvals and other conditions to closing, higher
leverage, the successful integration of the acquisition, our
ability to successfully leverage our player database, market
conditions affecting the Las Vegas Strip, ongoing litigation, labor
relations, future capital expenditures, the risks associated with
construction projects (such as delays and unexpected costs) and the
availability and cost of capital and, accordingly, any forward
looking statements are qualified in their entirety by reference to
the factors discussed in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2014, as well as any 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150610005087/en/
Penn National Gaming, Inc.Eric Schippers, 610/373-2400Sr. Vice
President, Public AffairsorJCIRJoseph N. Jaffoni, Richard
Land212/835-8500penn@jcir.com
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