Former Las Vegas Sands President and Chief Working Officer George Marantnis was appointed to the Nevada Gaming Fee (NGC) by Governor Joe Lombardo (Republican). Markantonis will change Commissioner Steve Cohen, a Las Vegas legal professional who selected to not search re-election to the state’s prime Gaming Regulatory Fee.
Markantonis is a South African-born profession hotelier who has led luxurious resorts and hospitality corporations around the globe. His most up-to-date positions embrace Las Vegas, The Strip’s The Venetian and Palazzo, the place he was the previous proprietor and operator of on line casino resorts, and the previous Sands, the place he was additionally Expo.
Markantonis joined Sands in 2015 and led the corporate’s Nevada operations till the loss of life of the late Sheldon Adelson in 2021. Simply two months after the founder handed away, Sands executives selected to promote on the route of Adelson’s successor, his CEO Rob Goldstein. The Venetian, Palazzo and Sands Expo offered to New York non-public fairness agency Apollo International Administration and on line casino landlord Visi Properties for his $6.25 billion.
A brand new proprietor group has employed its personal handpicked executives to supervise the operations of the 2 built-in resorts. Patrick Nichols grew to become CEO of The Venetian and Palazzo final August, and Marcantonis transitioned to an advisory position.
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Created when the state legalized on line casino playing in 1959, the Nevada Gaming Fee is a five-person physique that oversees all playing within the state.
Below the Fee, the Nevada Gaming Management Board (NGCB) immediately regulates licensed gaming institutions. As well as, NGCB makes regulatory suggestions to NGC when essential. NGC Commissioners are part-time and NGCB members are full-time.
Previous to becoming a member of Sands, Markantonis, who spent 17 years at Westin Lodges & Resorts after which at Caesars Palace in Las Vegas as vp of resort operations, finds the position of regulator interesting and his experience. We imagine that data brings worth to an company.
I’m honored to serve on the Nevada Gaming Fee. I additionally thank Governor Lombardo for entrusting me with this position,” he stated. “I stay up for utilizing my trade expertise to serve the Fee in defending the integrity of Nevada’s gaming trade and the pursuits of all Nevadans whose livelihoods rely on its continued success. .”
Markantonis is the second gaming trade government appointed to the Nevada Gaming Fee.
“George is an skilled gaming government with worldwide and multi-jurisdictional expertise and I respect his willingness to serve the state,” commented Lombardo. I do know his management, excellent character and many years of expertise might be an incredible asset to the Nevada Gaming Fee.”
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Markantonis is the third state gaming regulator appointed by Lombardo. In January, the brand new governor named former state treasurer and lieutenant governor Brian Krolitski to the NGC after former commissioner Ben Keekheffer agreed to resign from the fee to function Lombardo’s chief of employees.
Additionally in January, Lombardo appointed Kirk Hendrick to the NGCB to exchange outgoing board member J. Bryn Gibson. Hendrick is a lawyer by occupation. Gibson resigned to pursue skilled alternatives outdoors of public service.
