Industry & Services >> CEO Interviews >> November 6, 2013

Interview with the CEO: Penn National Gaming, Inc. (PENN)

Wilmott, Timothy J.
Timothy J. Wilmott is the President and CEO of Penn National Gaming, Inc. He was appointed Chief Executive Officer of Penn National on November 1, 2013, after serving as the company’s President and Chief Operating Officer since February 2008. During his tenure at Penn National, the company has aggressively expanded its operating base with the opening of eight new full-service casinos in Maryland, Massachusetts, Kansas, Ohio and California; the acquisition of two existing gaming facilities in Nevada and one in Missouri; and the acquisition of an Illinois-based video gaming terminal — VGT — operator and a social games developer. In November 2013, Penn National completed the tax-free spinoff to its shareholders of Gaming and Leisure Properties, Inc. Mr. Wilmott joined Penn National with over 20 years of experience managing and developing gaming operations in several states and internationally. Prior to Penn National, Mr. Wilmott served as Chief Operating Officer of Harrah’s Entertainment — now Caesars Entertainment Corporation — for approximately four years. From 1997 to 2002, Mr. Wilmott served as Division President of Harrah’s Eastern Division. Profile
TWST: Could you start off with a brief historical sketch of the company and a picture of the things you are doing presently?

Mr. Wilmott: The Carlino family started Penn National as a