Starwood’s Barry Sternlicht to Address American Ligaz888 Gaming & Lodging Summit

    Last year, the American Gaming & Lodging Summit featured speeches by ITT Corp.’s Rand Araskog and Hilton Hotels’ Steve Bollenbach. The two met for the first time at the Summit, and a month later, Hilton began its aggressive hostile takeover effort of ITT.

    At this year’s Summit, the unlikely victor in that 10-month struggle between the two gaming and lodging giants will address the gathered attendees at the American Gaming & Lodging Summit.

    Barry Sternlicht, chairman of Starwood Lodging Corp., is well known in the hospitality industry, but something of a mystery to the gaming industry. His address at the general session on Wed., Dec. 10, will serve as an introduction to Ligaz888 gaming executives and investors, and hopefully give some indication about his current opinions on the direction of the gaming industry.

    Only 36 years old, Sternlicht graduated from the Harvard Business School in 1986, and joined JMB Realty in Chicago, where he held the title of senior vice president in the acquisitions group. He formed Starwood Capital Group, a private real estate investment firm, in 1991. For the past six years, he has structured more than 140 separate investment transactions, with a cost basis of more than $4 billion, and secured credit facilities totaling more than $2 billion.

    As the chairman of Starwood Lodging Trust, the nation’s largest real estate investment trust, Sternlicht directs a company with a total capitalization of more than $5 billion. Starwood Lodging recently agreed to acquire Westin Hotels & Resorts for $1.8 billion.

    Should the friendly acquisition of ITT Corp. be completed as expected, Starwood Lodging will control more than 650 hotels in 70 countries, with a combined annual revenue in excess of $10 billion.

    The American Gaming & Lodging Summit is the premier conference in the gaming industry, bringing together the top executive teams from most of the major gaming and lodging companies.

    For more information on attending the American Gaming & Lodging Summit, call 1-800-559-2695.

American Gaming & Lodging Summit Presents Top Keynote Speakers

American Gaming & Lodging Summit Presents Top Keynote Speakers

Speakers to address cutting-edge issues at December conference

True to its reputation as the place to hear gaming’s most influential speakers, the American Gaming & Lodging Summit, December 8-10, 1997, at the Las Vegas Hilton, will indeed present the best of gaming… and for the first time, the best of lodging, as well.

    Welcoming the attendees of the Summit will be the president of Hilton Hotels’ gaming division, Arthur Goldberg. As chairman of Bally Entertainment, Goldberg turned around that struggling company, making it attractive to Hilton. As the head of Hilton Gaming, Goldberg has directed the opening of the Wild Wild West Casino at Bally’s Park Place, the expansion of the Atlantic City Hilton, the revitalization of Bally’s Las Vegas, and the construction of the new Paris Hotel Casino on the Strip in Las Vegas.

    Sen. Robert Torricelli (D-N.J.) understands the gaming industry as few members of Congress do. His proactive stance for the gaming industry has helped to objectify the National Gambling Impact Study Commission, and assisted in preparing the industry for federal initiatives in the gaming area.

    Terry Lanni, chairman of MGM Grand Inc., is also a member of the NGISC. His presence on the panel has tempered some of the rhetoric from the anti-gaming members, and his intelligence has won the approval of most commission observers. He has transformed MGM Grand into a profitable, as well as a must-see, casino in Las Vegas.

    Glenn Schaeffer, president of Circus Circus Enterprises, has continued his mastery over Wall Street, helping to turn a small casino company in Nevada into a major investment-grade institution. As Circus looks toward Detroit and Atlantic City, it is destined to become even more important in the expanding gaming industry.

    Frank Fahrenkopf has parlayed his experience as the most successful chairman of the Republican Party in this century to become an influential proponent of the gaming industry on Capitol Hill. As president and CEO of the American Gaming Association, Fahrenkopf is right in the middle of any gaming issue that arises in the nation’s capital.

    Robert Johnson, chairman of BET Enterprises, made his name building up Black Entertainment Television. Now he will become the first modern-era minority owner of a Las Vegas casino when his black-themed casino opens in several years. With Hilton Hotels as a joint venture partner, Johnson will add yet another major attraction to Las Vegas.

    Bjorn Hansen, chairman of the lodging and gaming group at Coopers & Lybrand, is one of the most respected lodging experts in the nation. Along with Randy Smith, president of Smith Travel Research, the two will explain how the convergence of the lodging and gaming industries is an idea whose time has come.

    Paul Nussbaum, chairman of Patriot American Hospitality, a “Paired Share Real Estate Investment Trust,” will explain the benefits and responsibilities of that tax-free structure, along with his company’s view of the gaming industry. And Barron Hilton, the chairman of Hilton Hotels, will be honored with the American Gaming & Lodging Summit’s prestigious “Lifetime Achievement Award.”

    For more information on the American Gaming & Lodging Summit, call (800) 559-2695. For information on the few remaining sponsorship opportunities, call (800) 240-6532.