Penn National Gaming of Wyomissing will be having a change in leadership at the end of the year.
CEO Timothy J. Wilmott has announced his retirement as of Dec. 31. He will also step down as a member of the board.
The board has appointed Jay A. Snowden as Wilmott’s successor. He will take over the role of president and CEO as of Jan. 1, 2020. He will also serve on the company’s board of directors.
Snowden currently serves as president and COO of Penn National, a position he has held since March 2017.
He joined the company in October 2011 as senior vice president of regional operations.
Prior to joining Penn National, Snowden was the senior vice president and general manager of Caesars and Harrah’s in Atlantic City, and prior to that, held various leadership positions with them in St. Louis, San Diego and Las Vegas.
The retiring Wilmott joined Penn National in February 2008 as president and COO, was named CEO in November 2013.
During Wilmott’s tenure, Penn National expanded with the opening of new casinos and the acquisition of existing gaming facilities.
Under Wilmott, Penn National has more than doubled its annual revenue from approximately $2.4 billion in 2008 to the over $5 billion expected in 2019.
Penn National Gaming owns, operates or has ownership interests in gaming and racing facilities and operates 42 facilities in 19 jurisdictions.
In total, Penn National Gaming said it has more than 51,000 gaming machines, 1,300 table games and 9,000 hotel rooms.
The company also offers social online gaming through its Penn Interactive Ventures division.