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Las Vegas Reborn

Adrian Cacuci, Senior Director and Treasurer, The Cosmopolitan of Las Vegas

Las Vegas Reborn

Adrian Cacuci’s link to Las Vegas dates back many years. Growing up in Romania, Cacuci expanded his personal horizon at the age of 16 when he came to the United States as an exchange student. Upon graduating from high school in Kansas, he went back to Romania for college. After just a year, he decided to return to the U.S. and completed his undergraduate and MBA studies at the University of Nevada, Las Vegas. Today, Cacuci has been a Nevadan for over 20 years and is pleased to contribute to the growth of his company, the hospitality industry and the city of Las Vegas.

Cacuci’s first experience in hospitality was during college when he worked as a front desk agent at Treasure Island and was fascinated by the “people business.” Toward the end of his second year as an MBA student, he was offered a financial planning analyst position at Paris Las Vegas, which was followed by an expedited promotion to the senior analyst position. The momentum continued as Cacuci’s career quickly advanced to financing planning and analysis manager at New York-New York before progressing to MGM’s corporate treasury manager involved in financial planning, analysis and treasury functions at both property and corporate levels.

In 2010, with his combined FP&A and treasury expertise, Cacuci was offered the opportunity to join the Cosmopolitan of Las Vegas’ opening team, and has since enjoyed working at the property for the last eight years, where he ensures that the company optimizes current and medium-term liquidity, and makes financial decisions related to investments, merchant processing/payment acceptance, 401(k) plans, stored value cards, and expense reporting and reimbursement.

Cacuci credits much of his success to his mentors—Eric Hession, CFO at Caesars Entertainment Corporation; Dan D’Arrigo, CFO at MGM Resorts International; and William Boasberg, president and COO at Beau Rivage. At the Cosmopolitan, Cacuci is grateful to work with a number of great executives, such as CFO Chelle Adams and President Bill McBeath.

Spending countless hours reviewing budgets, strategic plans, cash flow statements and ROI projects, and listening to his mentors share their experience and perspectives on finance and gaming, really boosted Cacuci’s professional development and enhanced his skills.

“I have learned so many things from all of these great leaders, and it would be difficult to just pick one that influenced me most,” says Cacuci. “I will always be grateful to them for giving me an opportunity to develop my leadership skills, and for how they inspired and helped me develop in my career.”

From a treasury and cash management perspective, Cacuci sees the gaming industry increasing its focus on AML and KYC procedures, based on his close work with compliance. On the hospitality industry front, one of the main focus areas he sees in the near future is to support alternative payment methods for guests, including Alipay and WeChat Pay.

Cryptocurrency also seems to offer interesting applications, although it may be a little distant from gaming in the near future. While cash may never completely go away in the gaming industry, Cacuci sees a lot of growth in electronic payment methods going beyond traditional debit and credit cards, such as Apple Pay, Google Pay and Samsung Pay.

Cacuci considers himself a “part-time treasurer, part-time analyst, part-time accountant, but a full-time dad.” Aligning with his career development, he also aims to raise his children as kind and hard-working individuals. His family loves traveling, and they have visited many countries to experience different cultures, offering his children a childhood full of many memorable experiences, which Cacuci believes will in turn help them become more informed and well-rounded adults. —Michael Zhu, The Innovation Group