Anthony Pancella III is Suffolk Regional Off-Track Betting Corporation’s new president and CEO. Pancella has served the organization since 2010 as its vice president and chef operating officer. In that role, he helped lead a team that guided the corporation out of bankruptcy and ultimately to owning and operating Jake’s 58 Hotel and Casino in Islandia.

Jake’s has gone on to generate “record profits” and  provide $300 million to support New York State public education. Profits have also provided support to Suffolk County as well as create “hundreds of union jobs,” according to a news release announcing Pancella’s new role.