Sports betting and digital entertainment company BetMGM announced Thursday the appointment of Rhea Loney as Chief Compliance Officer, joining the company’s executive team.
Loney will oversee BetMGM’s compliance department, including online and retail operational compliance, registration and licensing, AML and financial compliance, and responsible gaming.
Adam Greenblatt, CEO of BetMGM, said: “Rhea brings extensive industry knowledge and regulatory experience to BetMGM and is a phenomenal addition to our team as we continue to grow rapidly in a dynamic industry.”
Loney joins BetMGM from Penn Interactive, the online subsidiary of Penn Entertainment, where she served as VP of Compliance, Regulatory Affairs & Strategy.
While at Penn, she helped build the compliance team, including licensing, regulatory affairs, operational compliance, risk & fraud, AML, and responsible gaming departments. Additionally, Loney oversaw the online launch of Barstool Sportsbook in 13 states, iCasino in 4 states and over 20 retail sportsbook launches.
The new CCO added: “I’m thrilled to play a meaningful role in BetMGM’s continued commitment to excellence in compliance. BetMGM is uniquely positioned in the market, and we will continue to be a leader and innovator in responsible gaming and compliance.”
Prior to Penn Interactive, Loney served as an Assistant Attorney General with the Louisiana Department of Justice, Division of Gaming. While there, she represented and provided legal counsel to the Louisiana State Racing Commission from 2011 to 2019 and was first to administratively prosecute the Dermophin (Frog Juice) cases in the U.S.
Loney holds a J.D. from Tulane Law School, and a B.S. from Southeastern Louisiana University.
Original article: https://www.yogonet.com/international/news/2022/10/28/64829-betmgm-appoints-former-penn-interactive-exec-rhea-loney-as-its-new-chief-compliance-officer
