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Penn National Gaming announced this week that Jon Kaplowitz will be taking over as Senior VP of Interactive Gaming. He’ll replace Chris Sheffield, who departs for another opportunity after three years at the helm.
Kaplowitz will oversee the Penn Interactive Ventures (PIV) stable of innovative social casino products — including mobile casino games, online/mobile slots, and an advance-deposit wagering platform. He will additionally manage the company’s online sports betting and real-money online gambling operations.
Here’s the new hire himself chiming in on Monday’s announcement:
“I am excited to join Penn National at a time when the company’s iGaming and sports betting opportunities continue to expand in new markets. PIV’s platform is well positioned for additional growth that will help us better engage with our customers, build loyalty and retention, and serve as a significant channel for new customer acquisition.”
President and COO Jay Snowden indicated that Penn was looking for someone to take PIV to the “next level” in terms of developing partnerships with potential iGaming and sports betting companies. He believes he has found that person in Kaplowitz.
Here’s more from Snowden:
“Jon’s extensive business development background, operational management experience and broad knowledge of sports betting and the online and mobile gaming world, make him an ideal addition to the Penn National management team as we near the launch of our online sports wagering operations in West Virginia and real money iGaming and online sports betting in Pennsylvania.”
Kaplowitz arrives at Penn from his existing role as the managing director of the New Business division of Comcast Corporation. His previous gigs include stints at the World Poker Tour and Sony Pictures Entertainment.
Penn was the first operator to enter the retail sports betting markets in both Pennsylvania and West Virginia.
Hollywood Casino at Charles Town Races began taking wagers in WV on Aug. 30 of last year. Three months later, sports betting arrived in PA when Hollywood Casino at Penn National Race Course opened its windows. Both will have online betting platforms up and running in the coming months, too.
Meanwhile, the company has also opened retail betting facilities inside all five of its Mississippi properties. William Hill, partner to two New Jersey sports teams, manages risk across Penn’s portfolio of sportsbooks.
Following the acquisition of Pinnacle Entertainment, Penn now operates 41 gaming facilities in 18 jurisdictions. The company’s financial report from the previous quarter, released this week, shows $1.155 billion in net revenues and adjusted EBITDA of $133.5 million.