International edition
September 24, 2020

Mark Juliano started his two-year term last week.

CEO at Trump heads New Jersey casinos group

(US).- Longtime casino industry veteran Mark Juliano was named last week as the new president of the Casino Association of New Jersey, the umbrella group that advocates issues on behalf of casino operators in Atlantic City.

J

uliano is the chief executive officer of Trump Entertainment Resorts, a position he has held the last three years. The company owns and manages the Trump Taj Mahal, Trump Plaza and Trump Marina casino hotels at the Shore gambling resort.

He will succeed Joseph A. Corbo Jr., who has been CANJ president since 2006, during a tumultuous time for Atlantic City. "We still have the biggest overhang out there, which is the economy," Juliano said in an interview today. "We're seeing pockets of [business] bounce back. But we really haven't seen a steady momentum being built yet."

Investment and capital has dried up for new development. Several casinos there are struggling financially against new slots parlors in Pennsylvania and New York, and the CANJ is playing a key role on several divisive proposals before Trenton lawmakers, including building smaller Atlantic City hotels, the possibility of adding sports betting to New Jersey and video lottery terminals at the state's racetracks.

Juliano was asked about the current situation, and commented the following: "The past several years have presented a period of challenge for our industry as a result of regional competition and the national economy," Juliano said, "and we believe that we have now entered into a period of great opportunity to change the fortunes and the image of the city and bolster our relationships with all legitimate stakeholders for the good of the entire state."

Trump Entertainment recently emerged from its third bankruptcy and averted a vigorous effort by billionaire financier Carl Icahn to take over the three Trump casinos. Icahn took control of the Tropicana Casino Resort on the Boardwalk last summer in a bankruptcy auction.

On April 12, a US Bankruptcy judge ruled in favor of a restructuring plan submitted by Trump Entertainment, its bondholders and Donald J. Trump to maintain control of the casino firm over a plan presented by Icahn.

Juliano, a graduate of La Salle University, has 30 years of experience in the gambling and hospitality sectors. He previously served as president of Caesars Palace in Las Vegas, and was president and chief operating officer of Caesars Atlantic City from 1994 to 1999. He became CEO of Trump Entertainment in summer 2007.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook