Penn National Gaming Names Nelson N. Parker Senior Vice President of Corporate Development
May 30 2017 - 4:30PM
Business Wire
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170530006318/en/
Penn National Gaming, Inc.William J. Fair, 610-373-2400Chief
Financial OfficerorJCIRJoseph N. Jaffoni, Richard
Land212-835-8500penn@jcir.com
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