Protell Named Golden President

Sun, Sep 1, 2019

Golden Entertainment CFO Charles Protell, credited with engineering the Nevada gaming tavern giant’s recent casino expansion, has been promoted to president of the company.

The chief financial officer of Nevada-based Golden Entertainment has been named president of the company. The move elevates 44-year-old Charles Protell to Golden’s No. 2 position behind Chairman and CEO Blake Sartini, and comes with a base salary increase from $600,000 to $750,000, according to news reports.

Protell became CFO of Las Vegas-based Golden (Nasdaq: GDEN) in November 2016, a month after the company acquired American Casino & Entertainment Properties for $850 million, bringing Las Vegas’ Stratosphere and the city’s popular Arizona Charlie’s locals casinos into the portfolio. Two months later, Golden added to its holdings in the Colorado River resort town of Laughlin, Nev., with the $190 million purchase of two more casinos.

The company also owns the Rocky Gap Casino Resort in western Maryland.

Before joining Golden, Protell was managing director of Macquarie Capital’s investment banking group.

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