Nevada Gold gets new CEO

Oct 17, 2006 7:30 AM

Tom Winn, longtime chairman and CEO of Nevada Gold & Casinos Inc. (UWN), has decided to move on and let some new blood run his company.

Robert Sturges, who joined the company as a special consultant last June, has been named chief executive officer. Winn will retain his post as chairman.

Sturges has more than two decades experience in the gaming industry, including 15 years with Carnival Resorts & Casinos where he was president of Carnival’s Gaming Division. Prior to that, Sturges was involved in the development of Casino Rouge Riverboat in Baton Rouge.

Nevada Gold & Casinos has been concentrating on the gaming industry by acquiring a 40% interest in Tioga Downs "racino" and Vernon Downs "racino," both in New York State. It also has interests in Colorado casinos and develops casino projects for Native Americans in California.

Another executive has announced his departure from Magna Entertainment Corp. (MECA). He is Don Amos, the chief operating officer for the company’s North American racetrack operations who is retiring.

Amos will be succeeded by Jim Bromby and Brant Latta who were named senior vice presidents of operations by Chairman and CEO Frank Stronach.

MTR Gaming Group Inc. (MNTG) has named Richard Knight as president, CEO and general manager of Presque Isle Downs Inc., a wholly-owned subsidiary of the company.

Presque Isle Downs is a harness racing facility being built by MTR Gaming Group near Erie, Penn. It’s expected that the track will receive Pennsylvania’s sixth license to operate slot machines.

Youbet.com (UBET) has named Todd Galbate vice president of client services.