Dan Lee, the former Wall Street executive who helped Steve Wynn generate the financial means to remake the image of the Las Vegas Strip, has been named chief executive officer of the Palms Hotel/Casino.
He succeeds Joseph Magliarditi, who has held the position for the past two and one-half years when the Maloof family restructured ownership of the property with its debt-holders.
Lee served as president and CEO of Pinnacle Entertainment Inc. (PNK) for several years until he resigned following an altercation with Indiana gaming regulators. He later formed his own gaming company with plans to build a casino in Lake Charles, Louisiana. He sold the plans for that project to Ameristar Casinos Inc., the company that was recently acquired by Pinnacle Entertainment.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].