Posted on: April 28, 2023, 10:09h.
Final up to date on: April 29, 2023, 12:06h.
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 lawyer who opted to not search reelection to the state’s high gaming regulatory panel.
Markantonis is a profession hotelier born in South Africa and has led luxurious resorts and hospitality companies worldwide. His most up-to-date function was at Sands, the previous proprietor and operator of The Venetian and Palazzo on line casino resorts on the Strip and 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, who died in 2021. Simply two months after the founder’s passing, Sands officers, on the path 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 turned CEO of The Venetian and Palazzo in August of final 12 months, with Markantonis transitioning to an advisory function.
The Nevada Gaming Fee, created by means 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), instantly regulates licensed gaming institutions. The NGCB moreover makes regulatory suggestions to the NGC, as warranted. NGC commissioners work part-time, whereas NGCB members are in full-time positions.
Markantonis, who, earlier than becoming a member of Sands, labored at Westin Motels & Resorts for 17 years after which at Caesars Palace in Las Vegas as its vice chairman of lodge operations, finds the regulatory function 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 this function,” mentioned Markantonis. “I look ahead to using my trade experiences to serve the fee in its work defending the integrity of Nevada’s gaming trade and the pursuits of all of the Nevadans who depend on its ongoing success for his or her livelihoods.”
Markantonis is just the second gaming trade government appointed to the Nevada Gaming Fee.
“George is an skilled gaming government with worldwide and multijurisdictional expertise, and I respect his willingness to serve our state,” Lombardo commented. “I do know that George’s confirmed management, excellent character, and a long time of expertise can be an amazing asset to the Nevada Gaming Fee.”
Markantonis is the third state gaming regulator appointed by Lombardo. In January, the brand new governor named former state Treasurer and Lt. Gov. Brian Krolicki to the NGC after former Commissioner Ben Kieckhefer agreed to resign from the fee to function Lombardo’s chief of workers.
Additionally in January, Lombardo named Kirk Hendrick to the NGCB to exchange outgoing board member J. Brin Gibson. Hendrick is an lawyer by commerce. Gibson resigned to pursue skilled alternatives outdoors of public service.