WYOMISSING, Pa. - The Pennsylvania-based company developing a racetrack and gaming terminal in Austintown this week named board member Saul V. Reibstein as its chief financial officer and senior vice president.
Reibstein takes over the CFO post at Penn National Gaming from William Clifford, who became CFO of spinoff Gaming and Leisure Properties Inc. earlier this month.
In his new roles, Reibstein will be responsible for Penn's financial and treasury functions, including financial and periodic reporting to the Securities and Exchange Commission, bank relationships, conducting internal and industry analysis to support the company's goals for growth, investor relations and transactional activity.
Reibstein's appointments are effective on Dec. 4. He will report to CEO Timothy Wilmott.
Reibstein will also resign from Penn's board, which will reduce it to six members.
Penn National Gaming has 26 casino-resorts in the U.S. and Canada.
The $136 million Austintown project has been under construction since May just south of the Interstate 80 / state Route 46 interchange. The racetrack is expected to open in about a year.