Daniel Wade Named COO of New Multi-Billion-Dollar The Plaza Las Vegas.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. -- Daniel M. Wade, 55, a gaming and hospitality visionary and former Vice Chairman of the Board of MGM MIRAGE MGM Mirage (NYSE: MGM) is a Las Vegas, Nevada-based business engaged in the development, ownership and operation of hotels and casinos throughout the world. The company began operations on May 31, 2000 after the completion of a merger of MGM Grand Inc. and Mirage Resorts, Inc. (Las Vegas), has been named 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. of the new Plaza Las Vegas, it was announced by Miki Naftali, president of Elad IDB (ITS Data Bus) An interface between devices in an automobile endorsed by the Society of Automotive Engineers (SAE). Designed to fulfill the goal of Intelligent Transportation Systems (ITS), the ITS Data Bus enables engine diagnostic equipment, GPS navigation systems, Las Vegas, owner/developer of the proposed multi-billion dollar ultra-luxury hotel, private residence, retail, gaming and convention complex. Mr. Naftali is also president of New York-based Elad Group El Ad Group (El Ad US Holding, Inc.) is a real estate development conglomerate based in Israel. Among its subsidiaries is New York City-based El Ad Properties, which owns several landmark properties in that city and in May 2007 purchased the New Frontier Hotel and Casino in Las , owner of the landmark Plaza Hotel The Plaza Hotel in New York City is a landmark 19-story luxury hotel with a height of 250 feet (76 m) and length of 400 feet that (122 m) occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. , which is undergoing a $400 million renovation. The new Plaza Las Vegas center will be constructed on the 34.5 acre site of the shuttered New Frontier, which will be demolished by implosion implosion /im·plo·sion/ (im-plo´zhun) see flooding. im·plo·sion n. 1. in the fall. The location is considered one of the best on the Strip, directly across from the Wynn Las Vegas. "We will be introducing the iconic Plaza brand and its storied elegance and grandeur to the highest end of the dynamic Las Vegas market," Mr. Naftali said. Mr. Wade said, "It is as though my 36-year career, from bellman to chief executive, has been in preparation for this challenging and sensational opportunity of a lifetime." Mr. Wade has lead management teams through the conceptual, design, developmental and operational phases of top-earning hotels and gaming resorts world-wide. He is one of few executives to hold key licenses in Nevada, Australia, China, Atlantic City and Detroit simultaneously. The multi-billion dollar Plaza Las Vegas, a joint venture of Elad Group and IDB Group USA Investments, Inc. is slated to open in 2011. Elad Group Elad Group is a private, U.S.-owned and operated commercial real estate development firm with properties throughout America and Canada. Positioned for rapid growth, Elad has become one of the largest active developers of luxury properties in North America with offices in NY, Florida, LA, Toronto and Montreal. IDB Group USA Investments, Inc. IDB Group USA Investments,, Inc., is a subsidiary of IDB Development Corporation, Ltd., the largest investment company in Israel. Its multiple interests include the ownership and development of commercial and residential properties in the United States, Europe, Asia and Israel. |
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