Apollo Global Management has appointed Patrick Nichols as the new Chief Executive of The Venetian and Palazzo in Las Vegas, less than four months after the private equity firm took over both resorts

Apollo Global Management has decreed Patrick Nichols as the new Chief Executive of The Venetian and Palazzo inward Las Vegas, to a lesser extent than quaternity months after the common soldier equity unfluctuating took over both resorts.

Previously the General Manager of The Cosmopolitan, Nichols left his brand after MGM Resorts acquired the company.

Nichols will get hold of o'er from George IV Markantonis, who has been CEO of The Venetian for the yesteryear seven years. Markantonis testament remain in his role during the modulation point until Nichols takes o'er on 1 August. He will so uphold on as a special advisor to the Phoebus board.

David Sambur, Apollo executive, said of the unexampled appointment: “We are surefooted Patrick’s substantial receive in operating and expanding entertainment, hospitality and mathematical group events businesses testament continue to build on the solidness fundament created under George’s leaders and capably carried on past this team.”

Nichols spearheaded a range of operational and strategic efforts during his clip at The Cosmopolitan, where he also held the billet of Chief Strategy Officer.

He said: “I make seen first-hand how gifted The Venetian squad is, and i seem forwards to working unitedly with our best-in-class management team up and our partners at Apollo; to driving force the resort’s next phase of growth.”

Apollo, in partnership with existent acres investment funds trustfulness VICI Properties, took over The Venetian inward a $6.25bn business deal inwards February 2022.

Previously operated by Las Vegas Sands, The Venetian boasts 7,100 hotel rooms, 225,000 lame feet of cassino blank and 2.3 meg second power feet of pattern space.

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