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Golden Matrix Announces Appointment of Thomas McChesney to Company’s Board of Directors

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Golden Matrix Reports Accelerating Revenues in June as Active User Base Expands

 

Golden Matrix Group Inc., a developer and licenser of social gaming platforms, systems and gaming content, today announced the appointment of Thomas E. McChesney to the company’s board of directors, effective April 27, 2020. He is the first outside appointment to the board and will serve as GMGI’s lead independent director.

Mr. McChesney has extensive financial and entrepreneurial experience as an executive and board member in the financial services industry. He currently serves as lead independent director of VidBid, Inc., an early stage technology-driven company helping contractors and home owners find each other in a more efficient manner. From 1995 through March 2016, he served as a Director of TrueBlue Inc., a $2.3B revenue NYSE-listed enterprise (TBI), and is the former Chair of its Compensation Committee and former member of its Audit Committee.

Mr. McChesney served as Senior Vice President and Syndicate Manager at Paulson Investment Company (“Paulson”) and was later appointed President of Paulson. He had joined Paulson in 1980 and left in 1995 to join Blackwell Donaldson Company, where he served as Director of Investment Banking from 1998 to 2005. He also served as a director of Nations Express Incorporated from 2004 to 2009.

“We are pleased to welcome Tom as our third board member and the company’s first independent director,” said Golden Matrix CEO Brian Goodman. “He brings decades of experience in leading and providing guidance to numerous technology-based companies, and we are confident his fresh perspectives will help us execute on our strategies for both organic and inorganic growth. Additionally, Tom’s expertise will serve to strengthen GMGI’s corporate governance as we establish key committees.”

“As a long-term shareholder who appreciates Brian’s vision for Golden Matrix and its many growth prospects,” commented Mr. McChesney, “I am excited to be joining the board at this time. I look forward to assisting management in whatever ways I can to ensure the company’s long-term success.”

Golden Matrix expects to continue expanding the board during 2020 with the appointment of additional independent directors.

As its chairman of the board, Mr. Goodman said Golden Matrix is committed to establishing strong board governance that, along with its growing financial position and performance in the dynamic online gaming space, should enable GMGI to satisfy the requirements needed to uplist its common stock to a national or international exchange later this year. “We believe these are important and necessary steps to safeguard our exciting growth plans and help enhance value for all Golden Matrix shareholders.”

 

About Golden Matrix:

Golden Matrix Group, based in Las Vegas NV, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications.

Our sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current US law.

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Golden Entertainment Announces Leadership Changes

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Golden Entertainment Announces Leadership Changes

 

Golden Entertainment Inc. announced that effective March 20, 2024, Blake Sartini II, Golden’s Executive Vice President of Operations, became the Company’s Chief Operating Officer.

“Blake has worked in every capacity throughout our organization since he started at Golden almost 17 years ago. His unique knowledge of our Company’s culture, commitment to operational excellence, and strong leadership skills make him the ideal individual to be given responsibility for all our Nevada casino resorts, locals properties, tavern operations and related corporate functions,” Blake Sartini, Chairman and CEO of Golden, said.

Blake Sartini II initially joined Golden in June 2007, working with Golden’s tavern operations and building what is now the largest branded tavern portfolio in Nevada with 69 locations. Currently, as Executive Vice President of Operations, in addition to oversight of Golden’s taverns, he has direct responsibility for the Company’s five local casinos in Las Vegas and Pahrump.

Steve Arcana, Golden’s current Chief Operating Officer, became the Company’s Chief Development Officer also effective March 20, 2024. In this newly created role, Mr. Arcana will be responsible for all new tavern development, finding new third-party food and beverage concepts for the Company’s casino resorts, and exploring opportunities to unlock value in the Company’s excess real estate in Las Vegas, Laughlin and Pahrump. Mr. Arcana initially joined Golden in 2003 and has overseen the Company’s operations as it has grown from a privately held, 900-slot machine route operation to a publicly traded gaming company with casinos in Las Vegas, Laughlin and Pahrump in addition to its significant tavern portfolio.

“Steve has been with Golden for over 20 years and has been an integral part of growing our business and guiding us through many challenges. Steve has established a strong operating team and has been a consistent leader throughout his decades at Golden. His long history and extensive experience in the industry will continue to benefit the Company in his new role focused on creating value from new tavern development and unused assets in our casino portfolio,” Mr. Sartini said.

“These management changes will allow Golden to focus on maximizing performance in our core operations while exploring opportunities to drive future improvement by bringing potential new concepts to our existing portfolio. I am confident the changes to Blake and Steve’s roles with the Company will position us well to create additional shareholder value,” Mr. Sartini added.

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MGM Resorts International Announces Proposed Senior Notes Offering

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MGM Resorts International Announces Proposed Senior Notes Offering

 

MGM Resorts International announced that it proposes to offer $750,000,000 in aggregate principal amount of senior notes due 2032.

The Company intends to use the net proceeds from the offering of the notes to repay existing indebtedness, including its outstanding 6.750% senior notes due 2025. Pending such use, the Company may invest the net proceeds in short-term interest-bearing accounts, securities, or similar investments.

The notes being offered will be general unsecured senior obligations of the Company, guaranteed by substantially all of the Company’s wholly-owned domestic subsidiaries that guarantee the Company’s other senior indebtedness, and equal in right of payment with all existing or future senior unsecured indebtedness of the Company and each guarantor.

Deutsche Bank Securities Inc., BofA Securities, Inc., Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and Truist Securities, Inc. will act as joint book-running managers and Goldman Sachs & Co. LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC will act as co-managers for the proposed offering.

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Penn Entertainment Names Anuj Dhanda to Board of Directors

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Penn Entertainment Names Anuj Dhanda to Board of Directors

 

PENN Entertainment announced that its Board of Directors has appointed Anuj Dhanda to the Board, subject to customary regulatory approvals. Mr. Dhanda’s appointment expands the size of the Board to ten members, nine of whom satisfy the standards for director independence under the current Listing Rules of the NASDAQ Stock Market.

Mr. Dhanda serves as Executive Vice President and Chief Technology and Transformation Officer for Albertsons, a Fortune 100 Idaho-based chain of grocery stores with locations across the US. He joined Albertsons in 2015 in the midst of the company’s $9 billion acquisition of the Safeway grocery store chain. He was responsible for successfully merging the two companies’ technology platforms together. In his current role, he partners with business leaders to leverage technology to create a competitive advantage for the company. He is responsible for IT architecture, application platforms, supply chain modernization, data analytics, infrastructure and information security. He has also been the driver behind the company’s move to the cloud, making Albertsons one of the few enterprise businesses to have completely migrated their data centers to the Cloud. Mr. Dhanda is also focused on the acceleration of the business through the use of AI.

Prior to joining Albertsons, Mr. Dhanda was Sr. Vice President of Digital Commerce and CIO at Giant Eagle, a leading retailer in the Midwest, where he was accountable for managing all aspects of technology apps, architecture, infrastructure and more. Additionally, Mr. Dhanda held CIO roles at PNC Financial Services for nearly 15 years.

Mr. Dhanda has been active in numerous professional and philanthropic causes including the CIO Council for Greylock; President’s Council for Oracle; former Chairman of the Board at the Mattress Factory Museum; board member at Carnegie Museum of Art; and board member of United Way of Allegheny County. He has also served on the Board of BlueLinx (NYSE BXC) since May 2023. Mr. Dhanda has been recognized by CIO100 and was an honoree of the CIO Hall of Fame in 2019. He received both his MBA and Ph.D. in Finance from Rutgers University.

Marla Kaplowitz, Chair of PENN’s Nominating and Corporate Governance Committee of the Board of Directors, said: “We are delighted to welcome Anuj to the Board. He is a well-respected technology leader in the consumer space and is known for building powerful and collaborative teams. His deep understanding of the rapidly evolving technology landscape, including topics such as AI and cybersecurity, will be a tremendous resource for us as we continue to evolve our business around an omnichannel retail and interactive gaming, sports betting and entertainment experience for our industry leading database of customers.”

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