Longtime Rush Street Gaming executive Tim Drehkoff is to make the transition from Chief Financial Officer to Chief Executive Officer from May 1, 2022, upon the planned departure of current incumbent and Co-Founder Greg Carlin.
Drehkoff, who has been with the firm for almost 20 years and has occupied the position of CFO since 2012, is lauded as leading in excess of $2bn in capital investments and $8bn in successful debt financings, across multiple gaming jurisdictions, during his tenure.
Most recently, he has been focused on executing the group’s vision for developing Chicago’s growing casino industry, along with other emerging US and international gaming markets.
“We thank Greg for his many contributions and for helping to build a great business,” commented Neil Bluhm, Rush Street Gaming Chair.
Greg has a proven eye for recruiting and developing top talent, of which Tim is a great example. We wish Greg the very best and look forward to many future successes under Tim’s leadership.”
The brick and mortar business of Rush Street, whose first project was the 2004 opening of Niagara Falls’ Fallsview Casino Resort, operates casinos in Pittsburgh and Philadelphia, Pennsylvania; Des Plaines, Illinois; Schenectady, New York.
Exiting gaming venues are said to generate in the region of $1.5bn in annual revenue, with construction currently underway on a further Rush Street establishment in Portsmouth, Virginia,
“Rush Street is in great hands with Tim as CEO, and we’ve never had a more talented group of executives at all our properties,” added Carlin.
“It has been the honour of a lifetime to start a business with Neil and develop and operate six successful casino projects, all of which have had a positive impact on their host communities.
“I’m especially proud of the culture we’ve built, and I’m excited about the path ahead for Rush Street Gaming and for myself. My sincere gratitude to the entire Rush Street Gaming team.”