Penn National Gaming Names Chris Sheffield Senior Vice President Managing Director I-Gaming
January 16 2015 - 11:00AM
Business Wire
– Sheffield Brings Diverse Technology,
Gaming and Media Experience to Penn National’s Leadership Team
–
Penn National Gaming, Inc. (PENN: Nasdaq) (“the Company” or
“Penn National”) announced today the appointment of Chris Sheffield
as Senior Vice President Managing Director I-Gaming, a newly
created position at the Company. Mr. Sheffield joins Penn National
from Betfred, a United Kingdom-based bookmaker, and will be
responsible for setting the Company’s strategy as it prepares for
the launch of online gaming initiatives across its portfolio. Mr.
Sheffield will report directly to Timothy J. Wilmott, President and
Chief Executive Officer of Penn National Gaming. The appointment is
subject to customary regulatory approvals.
Mr. Sheffield served most recently as Managing Director, Digital
at Betfred, which he joined in March 2011, where he led the
transformation of betfred.com into one of Europe’s fastest-growing
gaming businesses. His teams at Betfred also launched mobile sports
wagering and mobile gaming products.
Prior to Betfred, Mr. Sheffield had a successful entrepreneurial
career during which he launched several technology, gaming and
media businesses. From March 2003 to March 2010, he founded and
served as Chief Executive Officer of Million-2-1 Limited, a pioneer
in the mobile gaming space, which was acquired by IGT in June 2008
and was the basis of IGT’s launch of mobile gaming using the
company’s slot brands and games in several jurisdictions including
the United States. From April 1999 to August 2002, he founded and
served as Chief Executive Officer of Eunite Limited, an Internet
production business that was sold to N Brown PLC and, among other
products, created an Internet casino gaming platform for Stanley
Leisure PLC. Mr. Sheffield also served for 10 years at Deloitte
where he was an IT consultant and Partner focused on Internet,
e-commerce, security and networking consulting.
“Chris’ technical background, extensive executive and
operational management experience and broad knowledge of the online
and mobile gaming world makes him a strong addition to the Penn
National management team as we explore, plan for and launch
Internet and mobile gaming operations across our portfolio over the
coming years,” said Mr. Wilmott. “He brings an entrepreneurial eye
to our deep roster of management talent and his extensive network
of partnerships as well as his knowledge of the major brands and
operators across the sports, media, gaming, Internet and mobile
landscape will be a valuable asset. On behalf of the entire team, I
want to welcome Chris to Penn National.”
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 September 30, 2014, 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 September 30,
2014, 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 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,”
“intends,” “may,” “will,” “should,” “plan” 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 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
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