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Queens Chronicle

Resorts World CEO gets big promotion

CFO Edward Farrell to head casino

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Posted: Thursday, July 18, 2013 10:30 am | Updated: 10:17 am, Thu Jul 25, 2013.

Michael Speller, the president and CEO of Resorts World Casino New York City who led the gaming facility through its founding, construction, opening and first 18 months, will step down from his duties to oversee all of Genting’s — Resorts World’s parent company — projects in the United States.

Resorts World announced the personnel change in a press release on Monday.

Speller will be replaced by Resorts World’s Chief Financial Officer Edward Farrell, a 30-year veteran of the gaming industry who has led financial and operations management teams at several other casinos in the United States, including Harrah’s and Foxwoods.

“For the last three years, I’ve been privileged to work with a 1,700-person team of incredibly dedicated employees — almost all of whom are from Queens and New York City — who have worked tirelessly together to open and maintain a first-in-class establishment,” Farrell said in a statement. “To say I’m humbled to lead that team is an enormous understatement.”

Resorts World Casino New York City is Genting’s first venture in the United States. The company, which has successful casino resorts in Southeast Asia, is also planning on opening a casino in Miami, in the former Miami Herald building, and recently announced plans for a resort on the island of Bimini in the Bahamas that will be accessed via a high-speed ferry from its Miami facility. Speller will oversee those projects and future ones in the United States.

The company also announced that Thuy Trinh, the current chief operating officer of Resorts World Casino New York City, will move to a new position as COO of the planned Bimini venture.

Since Resorts World opened at Aqueduct Race Track in October 2011, the casino has raked in more than $1.2 billion in revenue and sent over $500 million of that to New York State’s education fund.

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1 comment:

  • GSanchez posted at 9:03 pm on Sat, Aug 3, 2013.

    GSanchez Posts: 0

    I haven't been to the Bimini resort yet but I'll finally have a way to get to the Bahamas now that the ferry is in service. The Genting resort in NY is pretty cool. I imagine the Bimini property is going tone even nicer.