Former Palms Casino Resort President Paul Pusateri has vacated the top spot less than two years after joining the Las Vegas property. His departure comes on the heels of an ownership change that leaves the founding Maloof family with a 2 percent stake in the property, and Leonard Green & Partners LP and TPG Capital with 49 percent each.

“Paul has made a great contribution to the Palms Casino Resort in these challenging economic times,” said Palms Chairman George Maloof in a statement. “We wish him continued success.”

Pusateri has been replaced by Joseph A. Magliarditi (l.), who will oversee all hotel and casino operations for the 1,300-room resort, a popular spot for celebrities.

Magliarditi has more than 18 years of hotel and gaming experience, most recently serving as the president and CEO of the Hard Rock Hotel & Casino in Las Vegas. He is the former executive vice president and COO of the M Resort and executive vice president and COO of Marnell Sher Gaming, where he operated the Edgewater and Colorado Belle in Laughlin, Nevada.

He resigned from the Hard Rock Hotel in March after less than a year.

By GGB Staff

Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.