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Gambling Executives Buy Up Stock as U.S. Rolls Out Sports Betting

Executives at other gambling companies have snapped up their own stocks as well in a flurry of buying that follows a May Supreme Court decision legalizing sports betting. The open-market purchase was Wilmott’s first in four years, and the biggest by any executive or director at the regional gambling company in terms of both volume of stock and market value since at least 2003. That’s as far back as online SEC records go. Wilmott joined Penn National in February 2008 as president and chief operating officer, and was named CEO in November 2013. Over two days in August 2014, Wilmott bought 50,000 Penn National shares for $523,000.

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