Andalex launches new company to develop casino resorts.New York-based developer, The Andalex Group, has launched a new hospitality and gaming company, Silver Entertainment, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and has hired industry veteran Hugh J. Shaddick to head the new venture, announced Andalex Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Alex Silverman. Silver Entertainment LLC (SE) will focus on the acquisition and development of casino gaming and resort operations in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , the Caribbean and United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Initially, rather than focusing on "green field," or ground up developments, SE will concentrate on the acquisition of existing licensed "going concerns" in regulated gaming jurisdictions. "Management and capital resources will favor existing properties with a proven ability to generate strong cash flows," Silverman said. "Such opportunities are the sound foundation on which to build the gaming / hospitality-based investment platform we envision." Parent company, the Andalex Group has a long history of unlocking the highest and best use values from their holdings. This ability will be embodied by SE and applied to the gaming/hospitality industry using the same management principles as have been successfully applied in the Silverman family's own real estate ventures. These principles are typified by a light and agile senior management structure, capable of responding quickly to both opportunities and changes in the operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . Hired to head SE as senior vice president of Gaming Development is industry veteran Hugh J. Shaddick. Shaddick brings 25 years of broad international gaming experience to his new role, and will assist in the formation and implementation of Silver Entertainment's strategy to become a prominent force in the mid-market casino gaming space through both acquisition and prime development of casino gaming assets. Prior to joining Silver Entertainment, Shaddick operated a successful Nevada based consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , RedRock Gaming, Inc., offering gaming management and casino resort design services to a small but demanding group of clients based in Europe, Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Shaddick got his start in the gaming business with then Bally Manufacturing Corp. in Chicago where he was transitioned from the core manufacturing management group to the Gaming Division then headquartered in Bensenville, Illinois Bensenville is a village located primarily in DuPage County, Illinois, with a small section near O'Hare International Airport in Cook County, Illinois. As of the 2000 census, the village population was 20,703. . During his 10 years with Bally, Shaddick had many successes, including a year in France as president of Bally France, where he maneuvered Bally slot equipment into a market leadership position. Shaddick, attracted by the operating side of the business moved to United Gaming where as Executive Vice President of Development and President of Southern Video Services, he assumed responsibility for the organization of the United Gaming's interests in Louisiana. Shaddick then joined Casino Magic Casino Magic is a brand name of casinos operated by Pinnacle Entertainment, a brand acquired from their acquisition of Casino Magic Corporation, and include:
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