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Golden Entertainment has promoted Chief Financial Officer Charles Protell as the president of the company.
The company’s board approved an increase in Protell’s annual base salary from $600,000 to $750,000 annually. Protell will also continue his role as CFO. Protell was managing director of Macquarie Capital’s investment banking group prior to joining Golden.
As part of the American Casino and Entertainment deal, Golden acquired the downtown Las Vegas Stratosphere Hotel, Casino and Tower, which has since been rebranded at the Strat.
On the company’s earnings call this month, Golden said a $140 million makeover of the Strat, which began in 2018’s second quarter, continues towards a 2021 completion.
Protell said casino floor renovations have started along with the renovation of about 250 hotel rooms; half the rooms will be renovated by the end of the third quarter and half will be finished by the fourth quarter.
Source: Latest News on European Gaming Media Network
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