PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the
“Company”) announced today that Aaron LaBerge has been named Chief
Technology Officer (“CTO”) effective July 1, 2024, subject to
customary regulatory approvals. Mr. LaBerge will report directly to
PENN CEO & President Jay Snowden.
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Aaron LaBerge - Chief Technology Officer,
PENN Entertainment (Photo: Business Wire)
In his new role, Mr. LaBerge will be responsible for driving the
technology strategy and execution for PENN, while leading the
multinational team of technologists and serving as the key business
leader for the company’s Interactive division.
Mr. LaBerge spent more than 20 years at The Walt Disney Company,
in two stints separated by five and a half years as a technology
entrepreneur. He was most recently President & Chief Technology
Officer for Disney Entertainment and ESPN where he was responsible
for driving all technology and product development in support of
The Walt Disney Company’s two media divisions. In that role, he
helped set the vision and strategic leadership for how Disney uses
technology to enable storytelling and innovation, drive its
business, and create unparalleled consumer experiences with
entertainment and sports content.
“We are thrilled to have someone of Aaron’s caliber join our
PENN executive team,” said Mr. Snowden. “Having overseen a global
organization of thousands of engineers, product developers,
designers, technologists, and data scientists that created some of
the largest scale and most successful media properties in the
world, there is no better candidate to lead our Technology and
Interactive division into its future. I know Aaron is looking
forward to working with Todd George, our head of operations, and
our entire Executive Team to continue growing our position as a
leader in online gaming, sports betting, and digital sports
media.”
“I'm excited to join another talented team at PENN Interactive
and lead our technology strategy,” said Mr. LaBerge. “PENN
Entertainment is at the forefront of the fast-changing gaming and
sports media industry. I plan to use my experience from Disney and
ESPN to help make ESPN BET an essential piece of the sports fan
experience. Together, we'll push the limits and redefine how fans
interact with sports and gaming.”
Prior to his most recent role at the Walt Disney Company, Mr.
LaBerge was Executive Vice President and Chief Technology Officer
at ESPN from 2015 to 2018. At ESPN he played an instrumental role
in the growth of ESPN’s consumer-facing digital media products and
services – leading many of ESPN’s most ambitious and challenging
projects and helping establish ESPN’s position as the leader in
digital sports and innovative sports technology development. He was
a key architect in the design, development, and engineering of
ESPN’s state-of-the-art facilities in Bristol, CT; Los Angeles, CA;
Charlotte, NC; and Austin, TX, as well as data centers and
infrastructure that connect those facilities around the world, as
well as the technology design and development to support the launch
of the multi-platform SEC Network.
Between 2007 and 2012, LaBerge was co-founder and CEO of
Fanzter, Inc. – a venture-funded consumer software and digital
product development company. At Fanzter, he directed all day-to-day
operations and led the development and launch of a variety of
consumer-focused internet and mobile products, ground-breaking
social and commerce technologies and more.
A passionate engineer, technologist, innovator, and an avid
sports fan, LaBerge is a native of Charleston, S.C. and earned his
degree in electrical and computer engineering from the University
of South Carolina.
About PENN Entertainment, Inc.
PENN Entertainment, Inc., together with its subsidiaries
(“PENN,” the “Company,” “we,” “our,” or “us”), is North America’s
leading provider of integrated entertainment, sports content, and
casino gaming experiences. PENN operates 43 properties in 20
states, online sports betting in 19 jurisdictions and iCasino in
five jurisdictions, under a portfolio of well-recognized brands
including Hollywood Casino®, L’Auberge®, ESPN BET™ and theScore Bet
Sportsbook and Casino®. In August 2023, PENN entered into a
transformative, exclusive long-term strategic alliance with ESPN,
Inc. and ESPN Enterprises, Inc. (together, “ESPN”) relating to
online sports betting within the United States. PENN’s ability to
leverage the leading sports media brands in the United States
(ESPN) and Canada (theScore) is central to our highly
differentiated strategy to expand our digital footprint and
efficiently grow our customer ecosystem. The Company’s focus on
organic cross-sell opportunities is reinforced by our
market-leading retail casinos, sports media assets, and technology,
including a proprietary state-of-the-art, fully integrated digital
sports and iCasino betting platform and an in-house iCasino content
studio. PENN’s portfolio is further bolstered by our
industry-leading PENN Play™ customer loyalty program, which offers
our over 29 million members a unique set of rewards and experiences
across business channels.
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,” “goal,” “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 include, but are not limited to,
statements regarding: the Company’s expectations regarding results,
such as the success and potential growth of the Company’s
Interactive segment’s products. Such statements are all subject to
risks, uncertainties and changes in circumstances that could
significantly affect the Company’s future financial results and
business. Accordingly, the Company cautions that the
forward-looking statements contained herein are qualified by
important factors that could cause actual results to differ
materially from those reflected by such statements. Such factors
include: the effects of economic and market conditions in the
markets in which the Company operates; competition with other
entertainment, sports content, and casino gaming experiences; the
timing, cost and expected impact of product and technology
investments; and additional risks and uncertainties described in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2022, subsequent Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K, each as filed with the U.S. Securities
and Exchange Commission. The Company does not intend to update
publicly any forward-looking statements except as required by law.
Considering 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: https://www.businesswire.com/news/home/20240422272916/en/
Media: Eric Schippers Senior Vice President, Public Affairs PENN
Entertainment 610/373-2400
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