Inside Asian Gaming

INSIDE ASIAN GAMING | November 2012 18 sector, after two years of contraction, has started to post gains in revenue. With his new development in Madrid, Sheldon Adelson may significantly increase the gap between himself and Micky Arison of Carnival as the highest-paid CEO in the industry. It appears that growth focused organizations are still getting greater multiples fromWall Street and investors. The key is walking the fine line between accretive growth and a capital stack that will implode at the sign of global economic weakness. About the Authors Keith Kefgen is CEO of HVS Executive Search. Keith has more than 20 years of experience in the field of hospitality executive search. He is a frequent lecturer on industry Market Outlook related issues and has written more than 100 articles on the topics of executive selection, pay-for-performance, corporate governance and executive leadership. LaceyHagenisvicepresidentofHVSExecutive Search in New York. Lacey is responsible for mid- management recruitment as well as global marketing and business development initiatives inNorth America. Mandeep Singh is vice President of HVS Executive Search in Las Vegas. Previous experience includes Robert Half International as a sales consultant for professional staffing and consulting services. He was also an associate at Ernst& Young. Reprinted with permission from Casino Journal. with his $20.4 million package. Lorne Weil of Scientific Games Corporation followed closely with a package of $19.9 million. Looking East It is an interesting and pivotal time for US casino companies as we start to see signs of recovery and growth. 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. Fifteen states have seen overall GGR increases in 2011, most of which occurred in states that opened new casinos. Additionally, the gaming manufacturing PAY CEO COMPANY SALARY SHORT-TERM OTHER LONG-TERM TOTAL HVS VALUE RANK INCENTIVES INCENTIVES INDEX 1 1 LOVEMAN, Gary W. Caesars Entertainment $1,900 $3,900 $1,175 $13,428 $20,403 106.1 2 WEIL, A. Lorne Scientifi c Games Corporation $1,500 $1,516 $3,649 $13,289 $19,955 105.6 3 WYNN, Stephen A. Wynn Resorts $2,950 $10,125 $1,541 $0 $14,616 112.5 4 ADELSON, Sheldon G. Las Vegas Sands $1,000 $6,304 $2,891 $3,650 $13,845 193.6 5 CARLINO, Peter M. Penn National $1,703 $2,557 $420 $7,298 $11,978 108.5 6 MURREN, James J. MGM Resorts $2,000 $5,486 $880 $1,567 $9,934 142.3 7 HART, Patti S. International Game Technology $800 $1,242 $5 $6,487 $8,534 105.1 8 ARISON, Micky Carnival $906 $2,075 $250 $4,376 $7,608 107.0 9 HADDRILL, Richard Bally Technologies $998 $1,400 $22 $4,058 $6,478 103.9 10 KANOFSKY, Gordon R. Ameristar Casinos $870 $1,063 $137 $3,740 $5,809 106.4 11 SMITH, Keith E. Boyd Gaming $1,100 $743 $40 $2,025 $3,908 105.6 12 GAMACHE, Brian R. WMS Industries $946 $0 $546 $1,907 $3,398 91.7 13 MCDOWELL, Virginia Isle of Capri $752 $748 $0 $346 $1,846 88.3 14 DAHL, Jefferey J. MTR Gaming $566 $631 $87 $457 $1,742 84.6 15 SANFILIPPO, Anthony M. Pinnacle Entertainment $840 $842 $3 $0 $1,685 104.3 16 BETTS, Scott Global Cash Access Holdings $600 $300 $60 $718 $1,678 92.2 17 RAMSEY, Patrick J. Multimedia Games $375 $930 $255 $0 $1,560 145.8 18 EVANS, Robert L. Churchill Downs $550 $875 $77 $0 $1,502 111.3 19 HILLIOU, Andre M. Full House Resorts $325 $281 $6 $340 $951 183.1 20 SHULDMAN, Bart C. TransAct $449 $347 $41 $104 $942 110.5 21 BERMAN, Lyle Lakes Entertainment $500 $100 $199 $0 $799 61.5 22 FARAHI, John Monarch Casino & Resort $400 $100 $0 $240 $740 44.4 23 D’AMATO, Joseph A. Empire Resorts $360 $0 $0 $339 $699 172.6 24 LOPEZ, David B. Shuffl e Master $281 $256 $7 $145 $689 131.5 25 HAITZMANN, Erwin Century Casinos $471 $150 $60 $0 $681 118.4 26 CHUNG, Clarence Entertainment Gaming Asia $0 $125 $0 $517 $642 173.3 27 STURGES, Robert Nevada Gold & Casinos $412 $25 $59 $83 $580 124.7 28 GRONAU, Gregory S. Gaming Partners International $300 $150 $17 $0 $467 43.8 29 ROBERSON, Mark Pokertek $160 $0 $6 $255 $421 50.0 30 MORGAN, James B. Daktronics $311 $0 $7 $58 $375 2.6 31 McGLYNN, Denis Dover Downs Entertainment $300 $0 $0 $51 $351 1.9 32 SAMPSON, Randall D. Canterbury Park $214 $16 $1 $79 $310 0.8 GAMING INDUSTRY CEO SURVEY (CEOs RANKED BY TOTAL COMPENSATION IN US$ THOUSANDS) 1)“HVS Value Index” is based on an average of 100 Financial data garnered from SmartMoney.com