Perry to step down as Argosy’s CEO

Jan 14, 2003 4:52 AM

Jim Perry, the turnaround specialist who made a winner out of a struggling Midwest riverboat company, is retiring as chief executive officer of Argosy Gaming Inc. (AGY).

Perry, 52, who sharpened his gaming skills in the Atlantic City gaming market, took over Argosy when it was awash in red ink, losing $40million during fiscal 1997. But it became profitable the following year and has been a giant in the riverboat industry ever since.

The announcement came as no surprise, despite Perry’s age. He had indicated that he had met his goals and last year lured Richard Glasier away from Royal Caribbean Cruiselines to become Argosy’s second in command.

Glasier will succeed his mentor when Perry leaves the company on May 2.

In other corporate announcements, Cannery Casino Resorts LLC has announced the appointment of four casino hosts. They are: Tom Corbett, Gina Lombardi, Josh Killian and Lynn Ibe.

Corbett, who holds hotel management degrees from Orange Coast College and University of Nevada, Las Vegas, spent several years in the executive ranks at Caesars Palace when it was owned by Caesars World, Inc. He was director of VIP Services, and associate vice president of Caesars National Marketing before joining MGM Grand Hotel & Casino as senior casino host/credit. He also has held positions at the Rio Suite Hotel & Casino and at the Tropicana Hotel & Casino.

Gina Lombardi was manager of The Players Club at The Rampart Casino. She also has held posts with Harrah’s Las Vegas and the New Frontier Hotel/Casino.

Killian most recently was a casino host at The Rampart Casino and previously worked at the Nevada Palace Hotel & Casino and helped the Millennium Group open the Greektown Casino in Detroit, Mich.

Ibe, who operated her own business, Designs by Lynn, in San Diego, Cal., before entering the gaming industry, was a casino host at Fiesta Station Casino Hotel before becoming part of the Cannery Casino Resorts executive team.

Michelle Shriver has been promoted to vice president, assistant general manager for Ameristar Casino Hotel in Kansas City, Mo. She has been with Ameristar Gaming Inc. (ASCA) since 1996.

Catherine Walker is leaving her post as general manager of the Trump Indiana Riverboat/.Casino in Gary Indiana to become chief operating officer of Trump’s Taj Mahal Hotel/Casino in Atlantic City.