The president of the $2.6bn construction of Wynn Resorts ‘ Encore Boston Harbor departed from the position, only four months after the official opening of the casino resort.
Robert DeSalvio is said to have stepped down after five years in the position, during which time he led through development, a series of investigations by the Massachusetts Gaming Commission that came in the wake of the allegations made against company founder Steve Wynn and subsequent name change of the property, as well as sales talks concerning MGM Resorts International.
Revenue at the property saw a slight dip in September to $48.9 m from August’s $52.4 m during its latest set of financial results released by the state regulator.
The casinos ‘ strong table games quality saw a significant decline to $27 m (August: $32.2 m), with what was regularly described as “weak” slot revenue reported at $21.8 m, reflecting a steep drop of $20.2 m from previous months.
Brian Gullbrants, who currently led all hotel and food and beverage operations at Encore, will be replacing DeSalvio in the role, who he most recently had been working with since the resort’s pre-opening period.
Gullbrants previously led the opening of the hotel at Encore Las Vegas in 2008, expanding its role to oversee both Wynn Las Vegas and Encore hotels in 2011 as executive vice president and general manager.
Matt Maddox, CEO of Wynn Resorts, said of the positional changes: “Bob DeSalvio’s ability to partner with community leaders and elected officials, assemble a world-class team and lead them to produce and launch a project of the highest quality is remarkable.
“His unique talent to both manage a complicated construction process while listening to the needs of key stakeholders was essential to our success.
“Bob leaves Encore with a hand-selected team prepared to take on the challenges ahead. I salute him for his commitment to the project and, most importantly, his dedication to his team.”
Wynn has named two new executives pending regulatory approval, joining Encore Boston Harbor as executive vice president of operations – Jenny Holaday, and Eric Kraus will become senior vice president of marketing and public affairs.