Bosworth Departing Role at Helm of Virgin Las Vegas

Richard “Boz” Bosworth testament go away his role as chief executive director officer of Virgin Las Vegas at the destruction of this month.

Vital Vegas bust the word yesterday, noting Bosworth has been at the helm of the off-Strip casino-resort since it opened deuce years ago. He’s also the chief executive director ship's officer and full general partner of JC Hospitality, which is the majority proprietor of the gaming venue.

Richard ‘Boz’ Bosworth, President and Chief Executive Officer of JC Hospitality, which is the proprietor of Virgin Hotels Las Vegas, resigned in Feb 2023 and his in conclusion twenty-four hours as CEO testament live March 31, 2023. Bosworth will live taking the next stone's throw inwards his life history as he moves on to pursue new ventures inward hospitality. Bosworth testament remain an investor,” according to a statement issued past Virgin Las Vegas.

News of Bosworth’s departure from the casino-hotel arrives after Chadic John Brown left hand his role as chief marketing ship's officer of Virgin and JC Hospitality for a unexampled role at Dollar Loan Center — a Las Vegas-area payday lending firm.

Bosworth Architect of ‘Interesting Operating Structure’

As Vital Vegas shrewdly noted, Bosworth oversaw what is “one of the to a greater extent interesting byplay structures of any Las Vegas casino.”

Translation: There are a lot of cooks inwards the Virgin Las Vegas operating kitchen. The cassino is black market by Mohegan – the gaming and leisure gird of Connecticut’s Mohegan Tribe. The venue’s theater is operated past AEG Live piece its hotel is component of Hilton’s Curio Collection. Additionally, its sportsbook — a source of tilt due to delays inwards curtain raising — is managed by Betfred.

While outsourcing sportsbook duties isn’t uncommon inwards Las Vegas and hotel partnerships aren’t unique either, the received Sin City operating posture includes companies managing casino, hotel and, inwards many cases, live amusement venues.

That’s not to say Virgin is cancelled alkali with its nifty direction structure. It’s believed 2022 was the venue’s best year on record, topping any yearbook carrying into action notched when it sported the Hard Rock name.

Virgin is one of just iii Las Vegas properties where the gambling casino is operated past a Native American tribe. The others are the off-Strip Palms and the Mirage, which was formerly controlled past MGM Resorts International.

What’s Next for Bosworth

The statement doesn’t capture into specifics regarding what’s next for Bosworth, but he could devote more clip to his Bosworth Hospitality Partners (BHP).

That accompany focuses on large-scale casino and hotel investments as easily as littler deals that often deficiency funding from traditional sources.

“While BHP and their partners place rattling big institutional hotel and casino projects, BHP also seeks GP equity investment funds opportunities inward the littler $2.5 one thousand thousand to $3.5 jillion range. This is an investment funds sphere that has been severely underserved by private institutional funding sources,” according to the company.