Penn National Promotes Ameet Patel to Senior Vice President of Regional Operations
April 09 2014 - 5:00PM
Business Wire
- Brings over 20 Years of Gaming Experience
to Penn National’s Regional Leadership Team -
Penn National Gaming, Inc. (PENN:Nasdaq) (“the Company” or “Penn
National”) announced today that Ameet Patel has been promoted to
Senior Vice President of Regional Operations. Currently serving as
General Manager of Hollywood Casino Columbus in Columbus, Ohio, Mr.
Patel will join Chief Operating Officer Jay Snowden and Senior Vice
President of Regional Operations John Finamore in overseeing all
facets of Penn National’s regional gaming operations with a primary
focus on the Company’s Southern Plains region. The appointment is
subject to customary regulatory approvals and Mr. Patel will report
directly to Mr. Snowden. The Company plans to begin an immediate
search for Mr. Patel’s replacement in Columbus.
Mr. Patel has served since August 2011 as General Manager of
Hollywood Casino Columbus where he successfully opened the new
facility in 2012 and developed deep relationships with the state,
city, local community and regulators, which paved the way for
long-term success in the market and helped the Company win numerous
awards for community engagement. Prior to his role at Hollywood
Casino Columbus, he served as General Manager of Argosy Casino
Hotel & Spa in Riverside, Missouri from October 2008 to August
2011. In addition, he served for four years as Assistant General
Manager at Hollywood Casino at Charles Town Races in Charles Town,
West Virginia, and joined the Company as Vice President of Gaming
at Charles Town in 2001. Prior to joining Penn National, Mr. Patel
held senior management positions with Sun International and Mohegan
Sun in Connecticut. He also held senior management positions at
several Atlantic City properties, including Resorts Casino Hotel
and Trump Plaza Hotel & Casino. Mr. Patel holds a MBA in
Finance from Philadelphia University.
“Ameet’s proven experience in regional markets will be a
valuable addition to our corporate leadership team as we continue
our efforts to drive further growth at Penn National and build
value for shareholders,” said Jay Snowden. “Having worked closely
with Ameet over the past several years, I am confident that he will
play a key role in our future growth and success. He has
demonstrated a unique ability to build deep relationships in our
local communities and drive significant improvements in local
engagement, providing a valuable model for our other General
Managers across the Penn National portfolio. In addition, we
believe that Ameet’s appointment is a clear demonstration of the
depth in leadership talent that the Company has been able to
attract and develop. On behalf of the entire Penn National team, I
congratulate Ameet on his new role and welcome him to the regional
leadership team.”
About Penn National Gaming
Penn National Gaming, through its subsidiaries, owns, operates
or has ownership interests in gaming and racing facilities with a
focus on slot machine entertainment. The Company presently operates
twenty-seven facilities in eighteen jurisdictions, including
Florida, Illinois, Indiana, Iowa, Kansas, Maine, Massachusetts,
Maryland, Mississippi, Missouri, Nevada, New Jersey, New Mexico,
Ohio, Pennsylvania, Texas, West Virginia, and Ontario. In
aggregate, Penn National's operated facilities feature
approximately 31,000 gaming machines, 800 table games and 2,900
hotel rooms.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements can be identified by the use of forward
looking terminology such as “expects,” “believes,” “estimates,”
“expects,” “intends,” “may,” “will,” “should,” or “anticipates,” or
the negative or other variation of these or similar words, or by
discussions of future events, strategies or risks and
uncertainties. Such forward looking statements are inherently
subject to risks, uncertainties and assumptions about Penn National
Gaming and its subsidiaries, including risks related to the
ultimate location of the various other gaming facilities in
Massachusetts and the ongoing efforts in the state to repeal the
enabling legislation, and accordingly, any forward looking
statements are qualified in their entirety by reference to the
factors described in Penn National Gaming’s Annual Report on Form
10-K for the year ended December 31, 2013, subsequent Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K as filed with
the Securities and Exchange Commission. All subsequent written and
oral forward looking statements attributable to Penn National
Gaming or persons acting on the Company’s behalf are expressly
qualified in their entirety by the cautionary statements included
in this press release. Penn National Gaming undertakes no
obligation to publicly update or revise any forward looking
statements contained or incorporated by reference herein, whether
as a result of new information, future events or otherwise, 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.
Penn National Gaming, Inc.Saul V. Reibstein, 610-373-2400Chief
Financial OfficerorJCIRJoseph N. Jaffoni, Richard
Land212-835-8500penn@jcir.com
PENN Entertainment (NASDAQ:PENN)
Historical Stock Chart
From Mar 2024 to Apr 2024
PENN Entertainment (NASDAQ:PENN)
Historical Stock Chart
From Apr 2023 to Apr 2024