Vincent Zahn has been recruited as the new executive vice president (EVP) and chief financial officer (CFO) for Hard Rock International and its parent company Seminole Gaming.
Zahn will be responsible for overseeing the accounting, financial planning, risk management, treasury, corporate finance and capital markets execution of Hard Rock International and other gambling brands under the control of Seminole Gaming.
He will also contribute to the overall strategic development efforts of the company while reporting to Jim Allen, chairman of Hard Rock International and CEO of Seminole Gaming.
“Vincent’s expertise and background in casino gaming and financial markets make him an invaluable asset to the global growth of our organisation,” said Allen. “We are excited to welcome him to the leadership team.”
Zahn boasts more than a decade of experience in finance roles at public gambling and entertainment companies.
He began his career on Wall Street as a gaming and hospitality equity analyst for Bank of America Merrill Lynch before moving to Pinnacle Entertainment, where he worked as VP and treasurer for seven years.
Zahn’s most recent role at a public gambling company came as SVP and treasurer for US casino giant Wynn Resorts between 2019 and 2022.
Earlier this month, the US Court of Appeals in Washington handed down a major ruling in favour of the Seminole Tribe of Florida, potentially opening the door for sports betting in the state.
The federal court invalidated a lower court ruling that had blocked a $2.5bn deal between the state and the Seminole Tribe, which had briefly allowed for online betting in 2021.
“It is a positive outcome for the Seminole Tribe and the people of Florida, and for all Indian Country,” said the company at the time. “The tribe is fully reviewing the decision to determine next steps.”
However, the tribe must carefully consider whether to relaunch mobile sports betting in Florida again, with the above court case likely soon headed for the Supreme Court.
In March, London-listed supplier Playtech invested $85m in Hard Rock Digital, the online arm of Hard Rock International.