IGT Names Pellicioli Chairman Gaming Supplier

International Game Technology announced that Lorenzo Pellicioli, who has served as acting chairman of the company since the August departure of Phil Satre, is now the permanent chairman.

IGT named Pellicioli as chairperson of the board and named James McCann as vice chairperson and lead independent director. Pellicioli was vice chairperson before Satre left.

“I am honored to serve as chairperson for IGT, and I look forward to working with the directors and senior management to guide continued success in the future,” said Pellicioli.

McCann has served on the IGT board since 2015, and currently chairs the board’s Nominating and Corporate Governance Committee.

For Sands’ Goldstein, Five More Years and a Big Raise

Las Vegas Sands is extending the employment contract of President and COO Rob Goldstein another five years and raising his salary by $1.1 million.

The new agreement amends the company’s current 2014 agreement with the longtime Sands executive under which he is paid a base salary of $3.4 million a year. As of January 1, 2020, that goes up to $4.5 million with options to purchase up to 2.5 million shares of LVS in installments of 500,000 shares over several years.

The new agreement runs through 2024.

Goldstein, second in command to Chairman and CEO Sheldon Adelson, joined LVS in 1995, and from 1999 to 2010 served as president and chief operating officer of the company’s Las Vegas Strip flagship, the Venetian, and later its sister resort, Palazzo. In 2011, he was named president of global gaming operations.

    Recent Feature Articles

  • Botanic, Volcanic, Dynamic, Historic: The Mirage Turns 30

    Las Vegas changed forever on November 22 1989, when Steve Wynn’s iconic Mirage opened its doors. Wynn was both composer and conductor of this high-risk composition, bringing together an orchestra of talent to create a perfect crescendo.

  • The Changing Floor

    Maximizing use of the square footage on a slot floor is a craft that changes as much as the slots themselves

  • 2020 Vision

    GGB's annual sneak peek at the things likely to impact gaming in 2020

  • Is Baccarat Booming?

    It’s the biggest moneymaker in casinos, but lots of U.S. players have never played baccarat. Here’s why the game is big in Asia, and could get bigger elsewhere.

  • Paying for Tables

    Is the cashless era about to begin for table games?