Arthur Goldberg Named Casino Journal's ``Gaming Executive of the Year''.LAS VEGAS--(BUSINESS WIRE)--Nov. 2, 1999-- Casino Journal, the leading trade magazine of the gaming industry, has named Arthur Goldberg "Gaming Executive of the Year" for 1999. An in-depth cover feature and interview with Goldberg will appear in the magazine's December issue. As president and chief executive officer of Park Place Entertainment Inc., Goldberg, 57, heads the largest casino company in the world. He oversees 17 gaming resorts in five states and three countries. Park Place's well-known brand names -- Bally's, Hilton and Grand Casinos Grand Casinos NYSE: GND was a casino operator that started out managing several casinos in Minnesota in 1990. The company ceased to exist when it was purchased by Hilton Hotels which then merged it with its other gaming properties to form Park Place Entertainment in -- enjoy pre-eminent market positions in the nation's three major gaming jurisdictions, Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Atlantic City Atlantic City, city (1990 pop. 37,986), Atlantic co., SE N.J., an Atlantic resort and convention center; settled c.1790, inc. 1854. Situated on Absecon Island, a barrier island 10 mi (16. and Mississippi. With his $3 billion acquisition of Caesars World Inc., scheduled to close later this month, Goldberg will add the legendary Caesars name to Park Place's incomparable portfolio. Recently, Goldberg set the newest jewel in Park Place's crown -- Paris-Las Vegas. The $785 million resort, which features a 540-foot replica of the Eiffel Tower Eiffel Tower, structure designed by A. G. Eiffel and erected in the Champ-de-Mars for the Paris exposition of 1889. The tower is 984 ft (300 m) high and consists of an iron framework supported on four masonry piers, from which rise four columns uniting to form one , opened on the Las Vegas Strip The Las Vegas Strip (also known as The Strip) is a 4 mi (6.7 km) section of Las Vegas Boulevard South, most of which has been designated an All-American Road. on Sept. 1 to rave reviews. Goldberg joined the former Bally Entertainment in 1990 and is credited with rescuing the company from the verge of bankruptcy and restoring customer loyalty and investor confidence. He brought the company's stock price from $2 in 1990 to $28 in 1996, when he led Bally into a merger with Hilton Hotels Corp. Goldberg is also chairman of Bally Total Fitness Bally Total Fitness is an American health club chain with 400 gyms in 70 cities, and claims 4 million customers [1]. The chain has recently opened gyms in South Korea, China & the Bahamas. and a director of Hilton Hotels Corp. He is chairman and chief executive officer of DiGiorgio Corp., a major food distributor, and serves on the board of directors of First Union Corp., the sixth-largest banking company in the nation. "Arthur Goldberg is truly a visionary," said Glenn Fine, Group Publisher. "His reputation as a brilliant operator and world-class competitor speaks for itself. He has built a company without peer in this industry in terms of size and diversity. He has been tireless in his pursuit of excellence, and has rightfully emerged as a business leader of international stature. It's an honor for us to be able to acknowledge his accomplishments." In addition to Casino Journal magazine, Casino Journal Publishing Group publishes Casino Player, the largest-circulation magazine in the nation for frequent casino gamblers; Strictly Slots, an award winning consumer magazine aimed at slot machine and video poker enthusiasts; Atlantic City Insider, a consumer newsletter; National Gaming Summary, a weekly newsletter for the trade; Nevada Hospitality, the official publication of the Nevada Hotel/Motel and Restaurant Associations; and three financial daily and weekly newsletters for investors and gaming executives, the Gaming Industry Weekly Report, the Gaming Industry Daily Report and the Daily Lodging Report. Casino Journal Publishing Group also co-produces numerous conventions for the gaming entertainment industry...the American Gaming, Lodging and Leisure Summit; the Southern Gaming Summit; UNLV's Casino Ops; the Greater Atlantic City Chamber of Commerce Business Expo; and the Northern Gaming Summit. Casino Journal Publishing Group is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. trading under the CJPG CJPG Casino Journal Publishing Group symbol on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . |
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