In the past six months, Las Vegas casino companies have seen an unusually high number of executive changes, including nine from Wynn Resorts who headed to Fontainebleau.
Analysts say the reason for the musical chairs merry-go-round may be part of a natural cycle that occurs when a new resort opens its doors — and in Las Vegas’ case, there were two openings within eight days of each other in December.
“The opening of any new property often brings these types of transitions, as does a change of management,” said Amanda Belarmino, an assistant professor at UNLV’s William F. Harrah College of Hospitality.
