Posted on: April 28, 2023, 10:09h.
Final up to date on: April 28, 2023, 10:09h.
Former Las Vegas Sands President and Chief Working Officer George Markantonis has been appointed to the Nevada Gaming Fee (NGC) by Gov. Joe Lombardo (R). Markantonis replaces Commissioner Steve Cohen, a Las Vegas legal professional who opted to not search reelection to the state’s high gaming regulatory panel.
Markantonis is a profession hotelier who was born in South Africa and has led luxurious resorts and hospitality corporations around the globe. His most up-to-date position was at Sands, the previous proprietor and operator of The Venetian and Palazzo on line casino resorts on the Strip, in addition to the previous Sands Expo.
Markantonis joined Sands in 2015 and led the corporate’s Nevada operations together with the corporate’s late proprietor Sheldon Adelson till he died in 2021. Simply two months after the founder’s passing, Sands officers — on the course of Adelson’s successor, CEO Rob Goldstein — opted to promote The Venetian, Palazzo, and Sands Expo to New York personal fairness agency Apollo International Administration and on line casino landlord Vici Properties for $6.25 billion.
The brand new possession group introduced by itself handpicked government to supervise the operations of the 2 built-in resorts. Patrick Nichols grew to become CEO of The Venetian and Palazzo in August of final 12 months, with Markantonis transitioning to an advisory position.
Fee Capability
The Nevada Gaming Fee, created by way of the state’s legalization of on line casino playing in 1959, is a five-person company that oversees all playing within the state.
The Fee’s subordinate, the Nevada Gaming Management Board (NGCB), straight regulates licensed gaming institutions. The NGCB moreover makes regulatory suggestions to the NGC as warranted. NGC commissioners work on a part-time foundation, whereas NGCB members are in full-time positions.
Markantonis, who earlier than becoming a member of Sands labored at Westin Inns & Resorts for 17 years after which at Caesars Palace in Las Vegas as its vice chairman of resort operations, finds the regulatory position enticing and believes his experience will present worth to the company.
I’m honored to serve on the Nevada Gaming Fee, and I’m grateful to Governor Lombardo for entrusting me with