Andrew Pascal

Andrew Scott Pascal (born November 3, 1965) is an entrepreneur and business leader with 25+ years of experience in the consumer gaming and luxury hospitality industries. Over the course of his career, he has founded and built businesses focused on the land-based and digital casino industries. Andrew has worked extensively in both Las Vegas and the San Francisco Bay Area. He is the Founder, President and CEO of PLAYSTUDIOS, a consumer gaming company focused on the free-to-play social and mobile gaming market. He is also the Managing Partner of Pascal Ventures, a venture firm incubating and investing in select digital gaming, and leisure opportunities. He previously served as President and Chief Operating Officer of Wynn Las Vegas (from 2005 to 2010), as well as the President and CEO of WagerWorks (from 2001 to 2003), and its predecessor Silicon Gaming (from 1998 to 2001). He is a member of the Democratic Party.

Andrew Pascal
Born
Andrew Scott Pascal

(1965-11-03) November 3, 1965
NationalityAmerican
Alma materUniversity of Colorado, Boulder
OccupationEntrepreneur
Political partyDemocratic (2008–present)
Spouse(s)
Trina Pascal (m. 1995)
ChildrenStorey Pascal
Peri Pascal
Parent(s)Michael Pascal
Mary Ann Pascal (step-mother)
Susan Pascal
RelativesElaine Wynn (aunt)


Personal life

Andrew Pascal was born on November 3, 1965 to Michael Pascal and Susan Pascal.[1] He married his wife Trina Pascal in 1995, and together had two children: Storey Pascal (born 1998) and Peri Pascal (born 2001). He has one sibling, his brother David Pascal. His aunt is Elaine Wynn.[2][3]

Career

Pascal started his career in the 1980s as a manager of slot machines at the Golden Nugget Las Vegas, then owned by billionaire Steve Wynn.[4] He served as the chief executive officer of Silicon Gaming from 1998 to 2001, followed by WagerWorks from 2001 to 2003.[1] He sold both companies prior to moving to Las Vegas.

Pascal joined Wynn Resorts as Senior Vice President of Product Marketing and Development in 2003, serving in this capacity until 2005.[1] He served as the president of Wynn Las Vegas from 2005 to 2010.[1][2][3] He resigned in late 2010 to return to the Bay Area and his roots as an entrepreneur.

Pascal founded PlayStudios in 2011.[1] He served as its president and chief executive officer.[1] The company received investments from MGM Resorts International and Activision Blizzard.[4] In 2012, some of its games were made available on Facebook[4] later adding mobile applications to its repertoire.

In 2014, Pascal partnered with Crown Resorts, owned by billionaire James Packer, to develop Alon Las Vegas. [3][5] On August 5, 2014, they acquired 35 acres on the northern end of the Las Vegas Strip for $280 million, where the New Frontier Hotel and Casino once stood, to develop the new $2.4 billion resort, with additional investments from Oaktree Capital Management and plan to open it in 2018.[6][7] Crown announced in December 2016 that it was withdrawing from the project and seeking to sell its interest. Alon Leisure Management, LLC., led by Pascal, announced it was seeking other partners to proceed with the project.[8]

References

  1. "Wynn Resorts Ltd (WYNN:NASDAQ GS): Andrew Pascal". Bloomberg Business. Retrieved January 14, 2016.
  2. Friess, Steve (April 24, 2015). "Wynn Resorts Shareholders Back Move to Remove Elaine Wynn From Board". The New York Times. Retrieved January 14, 2016.
  3. Williams, Perry (July 14, 2015). "James Packer snares Las Vegas nightclub kingpin Jesse Waits for new casino". Sydney Morning Herald. Retrieved January 14, 2016.
  4. Berzon, Alexandra (May 16, 2012). "For Start-Up, Virtual Casinos: Ex-Wynn Aide Joins Move to Mix Gambling, Social Gaming". The Wall Street Journal. Retrieved January 14, 2016.
  5. Gardner, Jessica (August 8, 2014). "Crown bets Vegas development will be no gamble". Sydney Morning Herald. Retrieved January 14, 2016.
  6. "FOX5 obtains plans for new north Strip resort". FOX5. June 26, 2015. Retrieved January 14, 2016.
  7. Stutz, Howard (December 10, 2015). "Analyst: Investor interest in Strip's Alon project may be 'diminishing'". Las Vegas Review-Journal. Retrieved January 14, 2016.
  8. "Alon management exploring options after loss of backer". LasVegasSun.com. 2016-12-15. Retrieved 2016-12-16.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.