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Loney will oversee the group’s compliance department, including 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 BetMGM CEO Adam Greenblatt.
Loney joins the company from Penn Interactive, the online subsidiary of Penn Entertainment, where she held the role of VP of Compliance, Regulatory Affairs & Strategy. During her time at the group, she helped “build the compliance team, including licensing, regulatory affairs, operational compliance, risk & fraud, AML, and responsible gaming departments.”
She also oversaw the online launch of Barstool Sportsbook in 13 states, iCasino in four states and over 20 retail sportsbook launches.
Loney previously served as an Assistant Attorney General with the Louisiana Department of Justice, Division of Gaming, where she represented and provided legal counsel to the Louisiana State Racing Commission from 2011 to 2019.
She holds a J.D. from Tulane Law School, and a B.S. from Southeastern Louisiana University.
Loney commented: “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.”
Last month, BetMGM partnered with NBC Sports ahead of the 2022 NFL season, integrating its betting data and statistics on Football Night in America (FNIA), as well as other content across NBC Sports platforms.
