Incoming Eldorado Resorts Chief Financial Officer Bret Yunker is to leverage 20 years of gaming industry investment banking experience upon taking up the new role.
Yunker began his banking career in 1998 serving for fourteen years in various investment banking roles, including as Managing Director at Bank of America Merrill Lynch.
Most recently Yunker took up office as MD of JP Morgan in its Real Estate Investment Banking group with primary coverage responsibility for the gaming industry, covering clients across several sectors including casino operators, gaming equipment and system suppliers.
During the course of his career, clients have also spanned a broad geographic area, including North America, Europe, Asia and other emerging markets.
Yunker said of his new position: “I have been impressed with Eldorado’s ability to execute a well-defined strategic growth plan, that includes identifying accretive acquisitions and applying its integration and operational expertise to reduce acquisition multiples and grow free cash flow.
“I am excited to join the Eldorado team and look forward to working with Tom, Anthony Carano, corporate and property-level management and the Board of Directors to achieve the Company’s strategic and financial goals.”
Yunker is to assume his new position from Thomas Reeg who was serving as CFO on an interim basis, following his appointment as chief executive officer on January 1, 2019.
In the new role at Eldorado responsibility is to be assumed for all of the company’s financial and treasury functions including financial reporting, bank relationships, conducting internal and industry analysis to support goals for growth, investor relations and M&A activity.
Reeg added: “Bret brings deep perspectives on our industry and company, proven financial expertise and extensive industry relationships to the CFO position.
“His background will be an invaluable asset to Eldorado’s senior management team, board of directors and our accomplished finance and accounting departments, as we seek to continue to build value for our shareholders. He will be an integral part of our efforts to grow our company.”