Hilton announces execs, changes

Jun 29, 2004 4:25 AM

The new executive team at the Las Vegas Hilton, recently purchased by Colony Resorts from Caesars Entertainment, has a distinctive Atlantic City pattern to its pinstripe suits.

Nicholas L. Ribis, vice chairman of Colony Resorts LVH Acquisitions LLC, last week announced the property’s new senior executive team of Rudy Prieto, Bob Schaffhauser and Ken Ciancimino, all of whom have extensive backgrounds in Atlantic City gaming.

"The Las Vegas Hilton’s new executive and management team will run one of the best-known resorts in the world," said Ribis, who now will oversee the operations of the Las Vegas Hilton in addition to the current operations of Resorts International in Atlantic City. "This property has a long, valued history, great location and outstanding employees and this new team will build on that legacy."

In addition to the new executive team, Ribis said Colony will invest nearly $70 million over a four-year period to renovate the hotel, including upgrades to the guest rooms, restaurants and casino area. There will also be a focus on improving the hotel’s convention business.

Ribis said Colony will continue to operate the hotel under the Hilton brand, and use the hotelier’s extensive reservation system. Their license to use Hilton assets runs through 2008.

Colony purchased the Las Vegas Hilton from Caesars Entertainment for about $280 million. Colony also owns Resorts International in Atlantic City and the Accor Casinos in Europe.

Here is a closer look at the Las Vegas Hilton’s new executive team:

Rudy Prieto, CEO and general manager, brings more than 40 years of experience in the entertainment, hospitality and gaming industries to his current position.

Prior to joining the Las Vegas Hilton, he was senior vice president of operations at Boyd Gaming Corporation. He also worked at the Trump Taj Mahal in Atlantic City as president and chief operating officer.

Bob Schaffhauser, executive vice president of finance, is a certified public accountant who brings 27 years of experience as a chief financial officer to the Las Vegas Hilton. He started his career in gaming in 1989, serving as executive vice president and chief financial officer for several casinos in Atlantic City.

And Ken Ciancimino, executive vice president of administration, previously served as vice president and manager for M&M Advertising in the Las Vegas office. Originally from New Jersey, Ciancimino also was vice president at Trump Hotels & Casino Resorts.