Millennium Management Group

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This article is about the gaming management company, See Millennium Management for other uses.

Millennium Management Group is a Las Vegas, Nevada based, privately owned, gaming management company. It owns and operates several locals casinos in the Las Vegas area.

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[edit] History

Formed by William Paulos and William Wortman in 1996 with each holding a 50% interest.[1]

In 2002, Millennium [2] paid fines for violations in its Michigan casino.

On March 6, 2002, Millennium received a license from the Nevada Gaming Control Board to operate the Rampart Casino.[3] They assumed operation of the casino later that month.

On January 3, 2003 The Cannery opens under the management of Cannery Casino Resorts with another subsidiary of the company, Millennium gaming, Inc., actually owning the 67% interest.

[edit] Divisions

[edit] Cannery Casino Resorts

Cannery Casino Resorts owns and operates the following casinos:

[edit] Cannery Casino Resorts history

William Wortman and Renate Schiff who own the Nevada Palace announced on September 8, 2006 they would convert this casino to a newly constructed Eastside Cannery. Wortman is a major owner in both Millennium Management and the Nevada Palace. Cannery Casino Resorts will manage the renamed casino.

On September 22, 2006 a 33% interest in this division was sold to Oaktree Capital Management, a private investment firm.

[edit] Casino management

[edit] References

  1. ^ Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act.. OCM HOLDCO, LLC. Retrieved on 2007-07-06.
  2. ^ PUBLIC MEETING. STATE OF MICHIGAN MICHIGAN GAMING CONTROL BOARD. Retrieved on 2007-07-06.
  3. ^ Strow, David. "Casino to get its fourth name in three years", Las Vegas Sun, 2002-03-07. Retrieved on 2007-07-06. 

[edit] External links

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