In a statement, Nichols said he was excited to move a mile north on the Strip and return to The Venetian. He will be in charge of The Venetian Resort, which, including The Palazzo, is the second-largest hotel in the world with 7,092 rooms, and The Venetian Expo and Convention Center, a 2.25 million conference center.<\/p>\n
\nUnder George\u2019s leadership, The Venetian has become one of the premier resorts across hospitality, meetings, and events, gaming, and entertainment \u2013 not only in Las Vegas, but across the country,\u201d<\/strong> he said.<\/p>\n<\/blockquote>\nNichols is a graduate of Cornell University. After starting as a financial analyst for The Venetian in July 2008, he became the financial planning and analysis manager for Marina Bay Sands in October 2009. Marina Bay is the LVS-owned integrated resort in Singapore.<\/p>\n
A year later, he moved to The Cosmopolitan, starting as director of strategic planning and moving up the ranks. He became a vice president at the casino resort in May 2014, and the chief strategy officer in April 2018. Nichols added the GM role to his title two years ago.<\/p>\n
Markantonis Staying On<\/h2>\n As The Venetian\u2019s CEO under LVS ownership, Markantonis led the resort for five record-breaking years before the COVID-19 pandemic. The recovery has also been strong, with Markantonis noting May was the best month in its 23-year history.<\/p>\n
Apollo Partner and Co-Head of Private Equity David Sambur thanked Markantonis for his leadership over the past seven years.<\/p>\n
\nAs we continue to solidify The Venetian\u2019s position as a premier destination on the Las Vegas Strip, we are confident that Patrick\u2019s significant experience in operating and expanding entertainment, hospitality and group events businesses will continue to build on the solid foundation created under George\u2019s leadership and capably carried on by this industry leading team,\u201d<\/strong> Sambur said.<\/p>\n<\/blockquote>\nApollo Partner Daniel Cohen added that the company sees \u201ca number of exciting opportunities in the market.\u201d<\/p>\n
Markantonis isn\u2019t leaving immediately. After the switchover occurs in August, he will become a special advisor to The Venetian\u2019s Board of Directors.<\/p>\n
\u201cOur Team Members have established The Venetian as a permanent fixture on the Strip, and a destination of choice for our guests, and I am incredibly proud to have led such a talented organization over the last seven years,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
A familiar face is returning to The Venetian to run the resort and convention center on the Las Vegas Strip. Late Thursday, The Venetian announced that George Markantonis would step down as its president and CEO on Aug. 1. At that time, Patrick Nichols would step into those roles. According to his LinkedIn bio, Nichols […]<\/p>\n","protected":false},"author":45,"featured_media":216692,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,81886],"tags":[],"acf":[],"yoast_head":"\n
The Venetian Picks Ex-Cosmopolitan GM Patrick Nichols as Next CEO<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n