On The Mark by Mark Mayer | Unfortunately, with most every business takeover, there is fallout.
With Luckys taking over the race and sports operations this Friday, two staples in the industry wont be there. But both Lou DAmico and Mike Colbert wont be on the shelf for long.
"I had a great four years at the Plaza," said DAmico, who has been in Las Vegas since 1955 and previously held high-ranking positions at Caesars Palace and the Las Vegas Hilton. "Jimmy (Vaccaro) is a dear friend and I know Luckys will be a first class operation with him as a big part."
DAmico admitted he was surprised at not being retained, but said the time off will allow him to pursue other opportunities on the casino side.
"Theres great excitement in race and sports, but Im more adapted to the entertainment side," said DAmico, who is vacationing out of town next week. "Perhaps, it was time for me to be relieved."
Colbert was hired by DAmico over four years ago to run the Plazas sports operation. He had been offered a position in Luckys hub in Reno, but turned it down.
"I have nothing but kind things to say about Brandywine (the ownership company) and Jimmy is a terrific friend," Colbert said. "I wish them all the best, but Las Vegas is where I am more comfortable and hope to stay in the business at another site here. I couldnt have worked with a finer person than Lou."