Interview with the President and CEO: Penn National Gaming, Inc. (NASDAQ:PENN)
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 new casinos in Massachusetts, Kansas and Ohio, where the company now operates four properties; the acquisition of two gaming facilities in Nevada and one in Missouri; and the planned opening in 2016 of a new gaming facility in California. 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: Can you provide an overview of the company and a brief history of the last few years?
Mr. Wilmott: Penn National started out operating horse racing and pari-mutuel facilities. In