Coloma Ventures

Joey Paulos

Partner

Joey Paulos is an Internet and real estate entrepreneur with over 15 years of experience as a leading gaming executive, managing finance and development for several of Las Vegas’ largest casino and resort properties.

Mr. Paulos served as Manager of Hotel Administration at Las Vegas’ flagship resort, the MGM Grand Hotel & Casino, where he managed over 900 employees is his department. He was a Financial Analyst and Hotel Operations Manager at the New York, New York Hotel & Casino, where he oversaw and administered the pre-opening budget and development of the property prior to opening. Upon successfully opening the property, he was promoted to Hotel Operations Manager and oversaw all aspects of the 2,000 room hotel’s operations.

After guiding the New York-New York Hotel & Casino to a first year hotel occupancy of ninety-eight percent (98%), Joey went on to accept the General Manager position at the Rampart Casino at the Resort in Summerlin, where he was responsible for all aspects of the property’s operations. Rampart Casino, formerly known as The Resort at Summerlin, was operating at a loss prior to Mr. Paulos’ arrival. In the first year of operation Joey helped implement major changes to the casino floor slot mix and oversaw the addition of the Rampart Buffet. By year two the property was operating in the black with a positive cash flow.

Joey left the gaming industry to pursue ventures in the Internet space and real estate. Recently, Joey co-founded Progressive Real Estate Investments, a Las Vegas based real estate investment company created to take advantage of current opportunities in the real estate foreclosure market. In its first year, Progressive REI acquired and sold over 100 properties in and around the greater Las Vegas area and yielded a thirty-one percent (31%) return on investment.

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