Mullin new Borgata COO

Oct 12, 2004 5:59 AM

Larry Mullin, a veteran Atlantic City gaming executive, has been promoted to executive vice president, chief operating officer of the Borgata Hotel Casino & Spa. The appointment was announced by Bob Boughner, Borgata’s CEO.

The Borgata, Atlantic City’s only destination resort, is a joint venture between Boyd Gaming Corporation (BYD), the managing partner, and MGM MIRAGE Inc. (MGG).

Mullin, former president and chief operating officer of the Trump Marina Hotel/Casino, originally joined the Borgata management team as director of marketing and the Borgata Rewards Program.

Hall of Fame jockey Chris McCarron has resigned from his post as general manager of Santa Anita Park but will join the track’s parent company, Magna Entertainment Corp. (MECA), as its vice president of industry relations.

Replacing McCarron, who took the job about 18 months ago, will be long-time Santa Anita employee George Haines whose most recent position has been as assistant general manager.

For a number of years, Haines was a second-generation mutuels manager at Santa Anita.

Also stepping down from his chief executive post at the New York Racing Association is Barry Schwartz. He said he will be leaving on Dec. 31.

NYRA has the franchise to operate New York State’s three major thoroughbred tracks, Belmont Park, Aqueduct and Saratoga.

No announcement was made relative to Schwartz’ successor although some who are close to the situation have suggested that a formidable candidate is Steve Duncker, a former Goldman Sachs partner who has served as co-chief operating officer in a move to restore the company’s credibility in light of recent allegations of mismanagement.

Tim Smith, who was responsible for the formation and development of the National Thoroughbred Racing Association, was expected to succeed Schwartz but a month ago he withdrew his name from consideration.

Peter M. Carlino, the second generation chairman and CEO of Penn National Gaming Inc. (PENN), has been named "Best Performing CEO for 2004" by HVS Executive Search, a human resources consulting firm.

Carlino was responsible for transforming his company from being a minor operator of racetracks into one of the country’s leading gaming companies.

Mexican federal agents have arrested Gustavo Ponce, a former Mexico City finance secretary, who disappeared after being shown on videotape spending lavishly in Las Vegas casinos where he was known as a major tipper.