BetMGM has bolstered its executive team with the appointment of former Penn exec Rhea Loney, who joins the company as Chief Compliance Officer.
Loney will be charged with the oversight of BetMGM’s compliance department including both online and retail operational compliance, registration and licensing, AML and financial compliance and responsible gaming.
“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,” said Adam Greenblatt, CEO, BetMGM.
Loney has joined BetMGM from Penn Interactive, where she was VP of Compliance, Regulatory Affairs & Strategy. In this role, she helped to build the compliance team across multiple departments including licensing, regulatory affairs, operational compliance, risk & fraud, AML, and responsible gaming departments.
Moreover, she helped to launch Barstool Sportsbook in 13 states, icasino in four states and 20 retail sportsbook launches.
Before joining Penn, Loney was the Attorney General at the Louisiana Department of Justice, Division of Gaming. She offered legal counsel to the Louisiana State Racing Commission from 2011 to 2019.
Upon joining BetMGM, Loney stated: “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.”