Female casino management/ownership?

Vegas is socially anachronistic, with all power concentrated in the hands of a few casino moguls and giant corporations--just like in the early 20th century. There is no actual government in Vegas, just a by-your-leave gang of puppets who do the casinos' bidding. It's a company town through and through.

 

One thing piques my curiosity, though. Like in America in the Gilded Age, ownership of Vegas's industry and power is, as far as I can tell, exclusively male. I haven't done a systematic search, but I can't recall a single female owner/CEO/president/etc. of a casino or a casino corporation. For that matter, I don't remember ever seeing a female general manager or head of casino operations.

 

6.6 percent of Fortune 500 CEOs are women. I would think that, statistically, there should be at least one or two women running the casino show somewhere in Vegas. Does anyone know of such? Or is Vegas too much of a good-old-boys club for a woman to have risen to corporate executive power?

This should be a good topic for a QOD, Kevin.

 

Wasn't Casino Royale owned by a female at one time?  Something in the back of my addled brain says maybe.

Yep, her & family Margaret Elerd.  Correct ??

Elardi, I think, but can't swear to it.

 

And for certain I'm wrong, but wasn't a female the "acting" head honcho at CET either before or after Loveman?     

 

Edited on Sep 17, 2019 7:17am

Thanks Candy, yes Elardi.

Statistics show that in today's world everytime someone starts and developes a successful product or business, that others who had nothing to do with the initial development and building of said product or business will demand that ownership must then be changed based on criteria such as the population ratio of males to females, ethnicity, eye color, weight or some other criteria. If not, then the original developer and builder will be hounded, ridicued, possibly sued and then judged as being unfair by a liberal court or judge to continue to be the sole owner of said product or business. In other words,if you build it and are successful the leeches will come demanding their unearned "fair share". 

Edited on Sep 17, 2019 8:21am
Originally posted by: Candy Wright

Elardi, I think, but can't swear to it.

 

And for certain I'm wrong, but wasn't a female the "acting" head honcho at CET either before or after Loveman?     

 


I don't know, what knocked Loveman (whom I call "Gutboy Barrelhouse") out of the box back then, albeit temporarily? I recall that when Harrah's/CET was attempting to assimilate all of Las Vegas back in 2005 (a move that was only slowed down by the Dubya recession), Loveman was heavily criticized by shareholders for all the leveraged debt the company was acquiring. Its efforts extended to acquiring properties in Shreveport, Kansas City, AC, Biloxi, and maybe on the moon. The company really stretched itself thin. ($25 billion in hock at one point.)

 

So apparently he weathered that storm (as did CET), but I can't seem to find out if a woman was at the helm for any significant period. Gutboy was an innovator in that he shifted the focus of his Strip casinos away from the high roller to the LOL with a bucket of nickels--using his acumen as a graduate of Harvard Business School to determine that the LOL market was actually more profitable--contradicting decades of accepted Vegas wisdom.

 

But as far as women in power now at CET--I don't know if there are any in really high positions, but I doubt it.

I doubt that one can use the name "Loveman" and "business acumen" in the same sentence without being arrested.

 

Loveman may have been a Harvard professor and statistics guru, but he knew nothing about running a large corporation, had no prior practical business experience and had no understanding of the gaming industry.

 

His major accomplishments:

- Running up $25 billion in debt without a "Plan B"

- Making the conscious decision NOT to enter the Macau gaming market.

 

 

As to female executives - Jan Jones, former mayor of Las Vegas and a CET employee for 20 years or so, was named to their Board of Directors.

 

There were/are two Marilyns...Marilyn Winn (Harrah's) and Marilyn Spiegel (Wynn).  Somewhere in there I think Marilyn Winn was pretty high up in the Harrah's organization, either before or after Loveman.  I Googled them, but Google doesn't have the Marilyn's straight either.

Originally posted by: Candy Wright

There were/are two Marilyns...Marilyn Winn (Harrah's) and Marilyn Spiegel (Wynn).  Somewhere in there I think Marilyn Winn was pretty high up in the Harrah's organization, either before or after Loveman.  I Googled them, but Google doesn't have the Marilyn's straight either.


I couldn't find anything useful from Goofle, either.

 

Given that only a few possible examples over the last couple of decades have popped up, I think we can safely say that the casino industry is and has been almost totally male-dominated.

 

So the next question I have is: What would things have been like if a significant percentage of women had been in charge? Would Vegas have still taken the full-greed-ahead tack that it has in recent years? And would there have been less collusion and more actual competition among the casinos with more women at the helm?

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