Inside Asian Gaming

November 2012 | INSIDE ASIAN GAMING 17 Market Outlook payout for 2011 was $1.32 million, a 25% increase from the 2010 average of $1.06 million and a 120% increase from 2009. This is a clear sign that business has been improving as most bonus payouts were based on financial performance metrics. Five CEOs did not receive a bonus in 2011, while eight got nothing in 2010 and 11 in 2009. The largest bonus payouts were made to the same players as last year: Stephen Wynn, Wynn Resorts ($10.1 million), Sheldon Adelson, Las Vegas Sands ($6.3 million), and James Murren, MGM Resorts ($5.4 million). Long-Term Incentives Long -term incentives, typically granted in the form of restricted stock grants and stock options, averaged $2.04 million in 2011, a 28% increase above 2010. Gary Loveman of Caesars Entertainment garnered the largest long-term incentive package of $13.4 million. Caesars Entertainment rejoined the list after a hiatus of five years with their IPO. Seven CEOs received nothing in the form of long-term incentives, which we thought odd in light of pay-for- performance pressures from shareholders and boards. The average amount of “other” compensation was $388,726 in 2011, which was a 71% increase from the 2010 average of $227,000. The average CEO total compensation for 2011 was $4.5 million with Gary Loveman of Caesars Entertainment leading the way CEO COMPANY BONUS (US$ THOUSANDS) WYNN, Stephen A. Wynn Resorts $10,125 ADELSON, Sheldon G. Las Vegas Sands $6,304 MURREN, James J. MGM Resorts $5,486 LOVEMAN, Gary W. Caesars Entertainment $3,900 CARLINO, Peter M. Penn National $2,557 ARISON, Micky Carnival $2,075 WEIL, A. Lorne Scientific Games Corporation $1,516 HADDRILL, Richard Bally Technologies $1,400 HART, Patti S. International Game Technology $1,242 KANOFSKY, Gordon R. Ameristar Casinos $1,063 TOP GAMING SHORT-TERM INCENTIVES CEO COMPANY L-T INCENTIVES (US$ THOUSANDS) LOVEMAN, Gary W. Caesars Entertainment $13,428 WEIL, A. Lorne Scientifi c Games Corporation $13,289 CARLINO, Peter M. Penn National $7,298 HART, Patti S. International Game Technology $6,487 ARISON, Micky Carnival $4,376 HADDRILL, Richard Bally Technologies $4,058 KANOFSKY, Gordon R. Ameristar Casinos $3,740 ADELSON, Sheldon G. Las Vegas Sands $3,650 SMITH, Keith E. Boyd Gaming $2,025 GAMACHE, Brian R. WMS Industries $1,907 TOP GAMING LONG-TERM INCENTIVES Based on bonus, non-equity incentive plan; or both of those things combined and called short term incentive Based on value of restricted stock and stock options Of course, growth in Asian markets, especially fueled by new developments in Macau and Singapore, are responsible for much of the overall growth within the industry. Gaming executives that are playing these markets are poised to fare much better than those focused solely in the US.