Coloma Ventures

Bill Paulos

Founder and Principal, Cannery Casino Resorts

Bill Paulos is the co-founder and principal of Cannery Casino Resorts, one of the most successful and highly respected players in the casino and hospitality industry. With years of management expertise, political and professional relationships and a reputation for honesty and integrity, CCR has established itself as a major player in several gaming markets including Michigan, Nevada and Pennsylvania.

In July 1997, CCR began working to develop the Greektown Casino in downtown Detroit. CCR (then known as Millennium Management Group) designed a property to serve as a centerpiece for the revitalization of downtown Detroit. Working closely with city and state government, the property opened in November 2000. That same year, the Regent Casino in the Summerlin area of Las Vegas, Nevada fell into bankruptcy for the second time under other management. In 2002, Millennium took control of the property, remodeled the casino, re-branded the property as Rampart Casino, and initiated a comprehensive marketing plan to attract local customers. Today, Rampart Casino is one of the most popular local gaming destinations in Las Vegas. It is also one of the most successful turn-around stories of Las Vegas.

In 2001, the Millennium partners established Cannery Casino Resorts, LLC with the objective of developing and constructing a hotel and casino in North Las Vegas, Nevada. The Cannery Casino & Hotel opened in January 2003 and was so successful a $40 million expansion was initiated within three years, adding more than 125,000 square feet. Today it is recognized as the pre-eminent casino/hotel in North Las Vegas.

In 2005, the company acquired a multi-year option to purchase a harness racetrack, Rockingham Park in Salem, New Hampshire. The option will be exercised upon regulatory approval of gaming. The track’s physical location makes it the most convenient gaming destination for persons traveling from Boston, located only thirty miles away. The racetrack is ideally situated on approximately 180 acres, and is the first exit as you drive across the border from Massachusetts.

In late 2005, CCR purchased The Meadows, a harness racetrack near Pittsburgh, Pennsylvania. The $200 million purchase allowed CCR and its affiliate companies to develop a casino with up to 5,000 slot machines in conjunction with the racetrack. The Meadows Racetrack & Casino opened to large fanfare on April 15, 2009. The 350,000-square-foot facility is one the largest casinos on the East Coast and fully integrates horse racing and casino functions, making it a true destination entertainment experience. CCR’s total investment in Pennsylvania gaming exceeds $450 million.

In 2008, CCR opened its second Cannery themed property in Las Vegas, $250 million Eastside Cannery. The property has 65,000 square feet of casino space and features approximately 2,000 slot machines, 26 table games, a 450-seat bingo room, race and sports book and poker room, 307-room hotel rooms that include eight suites and a 1,500-seat special events ballroom, as well as an upscale private club on the 16th floor.

In 2008, Cannery Casino Resorts entered into agreement with Crown Limited to sell CCR for $1.8 billion in an all cash deal.

Bill Paulos gained his first experience in hotel administration at the Fremont Hotel & Casino and the Royal Las Vegas Hotel & Casino in the 1970’s. He spent seven years gaining experience in the hospitality industry with AmFac hotel properties throughout the western United States.

Paulos joined Circus Circus Enterprises in 1980 as director of hotel administration. A year later, he was promoted to vice president and general manager of the Silver City Casino. His leadership in developing and opening new properties, including the Colorado Bell, Excalibur, Luxor and New York-New York helped the company grow into one of the largest and most successful operators in Nevada. In recognition of his accomplishments, Paulos was named 1992’s Casino Industry Executive of the Year by the International Gaming Business Executives.

In 1994, Paulos was recruited to become the chief operating officer in charge of developing the only full-scale casino in Melbourne, Australia. He oversaw the construction and opening of the property, recruited staff and developed policies designed to compete for the Asian casino market. The property proved to be highly popular with both the high-end Asian market and the Australian locals.

He returned to Las Vegas in 1995 and became president of Primadonna Resorts, Inc., a family-run enterprise with three hotel/casino properties on the Nevada / California border about 30 miles from Las Vegas. He led the company’s transformation into a publicly traded corporation and raised the visibility of the company. While at Primadonna, he led his company’s efforts on their joint venture with MGM to design and build the New York, New York Hotel & Casino.

William J. Paulos received his Bachelor of Science degree in hotel administration from the University of Nevada, Las Vegas in 1969. Paulos currently is a member of the UNLV Foundation Board of Trustees and also received the 2006 Alumnus of the Year award from UNLV’s Harrah’s Hotel College. In 2004, Paulos was chosen as Southern Nevada’s City of Hope’s Man of the Year. In gaming related committee work, Paulos is a member of the Board of Directors of the Problem Gaming Center.

For additional press relating to Mr. Paulos and Cannery Casino Resorts see the below links:

Forbes

Las Vegas Review Journal

Back to Top