Harrah's Chairman Phil Satre Named Casino Journal's Gaming Executive of the Year
PR Newswire - October 30, 1998 11:08
LAS VEGAS, Oct. 30 /PRNewswire/ -- Casino Journal Publishing Group, Inc. (OTC Bulletin Board: CJPG) announced this week that it has awarded Casino Journal Magazine's Gaming Executive of the Year honor to Philip Satre, Chairman of Harrah's Entertainment (NYSE: HET). Satre will be featured in a cover story in the December 1998 edition of Casino Journal.
CJPG Chairman Glenn Fine calls Satre "one of the most progressive executives in the gaming industry today."
"Phil Satre has transformed Harrah's Entertainment since he was appointed chairman in 1997," says Fine. "His business philosophies of branding, service, and selection have made Harrah's one of the foremost leaders of the industry, satisfying the demands of the shareholders, employees and customers alike."
Fine says Satre was recognized as Gaming Executive of the Year because of the stellar performance of Harrah's Entertainment during an especially trying time for the gaming industry. And with the recent purchases of Showboat Inc. and Rio Hotel & Casino, Inc., Harrah's has become the undisputed leader in the consolidation phase of the development of the gaming industry. Showboat and Rio have provided Harrah's with synergistic properties that have expanded the membership in Harrah's proprietary "Total Gold Card" to more than 8 million members.
Philip G. Satre was named chairman of Harrah's Entertainment in January 1997. He had been serving as president and chief executive officer since just after the company was spun off from the Promus Companies. Harrah's Entertainment is today the nation's largest pure gaming company.
Prior to the spin-off, Satre was president and CEO of the Promus Companies, consisting of both the gaming and hotel divisions of the company.
Satre joined the company in 1980 as vice president and general counsel of Harrah's. In 1983, he was promoted to senior vice president, operations administration, and in February 1984, was named president of Harrah's East (Atlantic City). He was named president and CEO of Harrah's in September 1984. In December 1987, he became a Promus senior vice president and president of the company's gaming group. In 1991, he was promoted to president and chief operating officer.
In addition to Casino Journal, Casino Journal Publishing Group, Inc. publishes Casino Player, the largest circulation consumer magazine for the casino industry; the Atlantic City Insider, a monthly consumer-advocate newsletter for gamblers in Atlantic City; Casino Ops, a quarterly technical journal on casino operations National Gaming Summary, a weekly gaming industry newsletter; Nevada Hospitality, the official publication of the Nevada Hotel/Motel Association; and the Gaming Industry Weekly Report, the Gaming Industry Daily Report and the Daily Lodging Report -- three financial newsletters for investors and industry executives. In December, the company will debut Strictly Slots, a consumer magazine for slot machine and video poker enthusiasts.
CJPG's conference division produces the American Gaming, Lodging & Leisure Summit, the industries' most prestigious conference produced by Bear Stearns & Co. Inc., Casino Journal Publishing Group, and the Lionel Sawyer & Collins law firm of Nevada. Keynote speakers at the Summit this year, January 12 & 13, 1999 at Bellagio in Las Vegas, include Phil Satre, Steve Wynn, Chairman, Mirage Resorts, and Kay Coles James, Chairwoman, National Gambling Impact Study Commission. CJPG also produces several trade shows including the Southern Gaming Summit (May 5 & 6, 1998, Biloxi, Mississippi), in partnership with the Mississippi Casino Operators Association; UNLV's Casino Ops; the Greater Atlantic City Chamber of Commerce Business Expo; and Casino Player Gaming Festivals, which are conventions for recreational gamblers.
CJPG also produces the Internet's most comprehensive site on gaming, Casino Center. Access the site at casinocenter.com.
Casino Journal Publishing Group is a publicly traded company trading under the CJPG symbol on the OTC Bulletin Board.
SOURCE Casino Journal Publishing Group, Inc.
/CONTACT: Roger Gros, 609-484-8866, or Alan Woinski, 800-990-1902, both
of CJPG/
/Web site: casinocenter.com |
