Source: HVS Executive Search
The 1997 Gaming Industry's Top 59
Ranked by Total Compensation
Pay Rank Name Company Tenure Salary ($K) Bonus ($K) Other ($K) ( See Note 1) Value of Long Term Stock Grants ($K) ( See Note 2) 1996 Total ($K) Value of in-the-money options ($K) ( See Note 3) HVS Value Index ( See Note 4)
1 Lyle Berman Grand Casinos, Inc. 1991 610 0 0 8,892 9,502  0 106.8
2 Rand Araskog ITT 1979 2,000 2,260 770 4,199 9,229  6,718 110.3
3 Charles Mathewson International Game Technology 1985 100 0 27 8,354 8,481  7,298 105.3
4 Stephen Bollenbach Hilton Hotels 1996 491 509 58 5,238 6,296  44,719 116.2
5 Philip Satre Harrah's Entertainment, Inc. 1994 512 0 2,246 3,274 6,032  2,681 103.1
6 Nicholas Ribis Trump Hotels & Casino Resorts 1995 1,997 2,500 2 531 5,030  0 108.2
7 William Westerman Riviera Holdings Corp. 1992 400 1,214 443 2,153 4,210  2,365 109.7
8 Guy Snowden GTECH Holdings Corp. 1980 445 3,079 380 0 3,904  0 109.9
9 Stephen Wynn Mirage Resorts 1989 2,503 1,250 4 0 3,757  196,569 140
10 Frank Ferttita Station Casinos, Inc. 1992 959 365 136 833 2,293  0 100.6
11 James Ernst Casino Magic 1995 425 0 332 1,185 1,942  0 89.4
12 J. Kell Houssels Showboat Inc. 1995 350 160 70 1,244 1,824  308 118.1
13 Charles Scharer Harveys Casino Resorts 1995 347 168 4 1,143 1,662  88 120.9
14 Terrence Lanni MGM Grand 1995 1,000 500 0 0 1,500  8,875 112.9
15 Louis Nicastro WMS Industries 1974 833 0 636 0 1,469  0 105
16 Clyde Turner Circus Circus 1994 827 540 81 0 1,448  27,450 114.9
17 Steven Weiss Casino Data Systems 1990 280 0 10 1,138 1,428  39 100.5
18 Gary Primm Primadonna Resorts 1993 850 129 323 0 1,302  200 100.6
19 Micky Arison Carnival 1979 176 1,035 0 0 1,211  9,395 134.4
20 Ronald Tassinari American Casino Enterprises 1979 376 270 59 475 1,180  736 70.7
21 Jack Pratt Hollywood Casino Corp. 1993 647 0 294 181 1,122  94 83.4
22 William Malloy Scientific Games 1991 181 439 3 434 1,057  3,041 180.6
23 R.D. Hubbard Hollywood Park, Inc. 1991 400 0 0 641 1,041  0 93.3
24 Thomas Long Argosy Gaming 1993 650 0 388 0 1,038  0 79
25 William Boyd Boyd Gaming Corp. 1988 1,000 0 8 1 1,009  193 99.9
26 Don Kornstein Jackpot Enterprises, Inc. 1994 675 205 8 97 985  2,581 110.1
27 Edward Stevenson IGCA 1996 209 0 5 757 971  338 105.3
28 Lorne Weil Autotote Corp. 1992 441 0 17 484 942  0 65.6
29 Albert Barber Stuart Entertainment 1994 330 50 5 514 899  0 110.3
30 Michael Wordeman Sodak Gaming Inc. 1989 380 0 13 485 878  829 126.6
31 Steve Greathouse Alliance Gaming 1994 400 450 12 0 862  469 94.6
32 Anthony Marnell Rio Hotel & Casino 1990 587 250 0 0 837  986 121
33 Andrew Tompkins Lady Luck 1993 661 100 2 0 763  0 64.5
34 Craig Neilson Ameristar Casinos 1993 375 375 2 0 752  0 85.6
35 Paul Lowden Santa Fe Gaming 1993 503 200 17 0 720  0 57.9
36 Rudy Saenz Colorado Casino Resorts, Inc. 1992 148 220 0 309 677  383 81.9
37 Joseph Corazzi Las Vegas Entertainment Network 1990 550 0 124 0 674  0 64.2
38 Richard Haddrill Video Lottery Technologies 1996 197 0 13 316 526  0 n/a
39 Joseph Lahti Shuffle Master, Inc. 1995 183 0 0 457 640  312 94.2
40 John Acres Acres Gaming 1985 180 0 0 419 599  940 147.6
41 Frederick Sandvick On-Point Technology Systems, Inc. 1996 156 0 0 439 595  0 43.6
42 Paul Rubell Aztar 1990 539 0 1 0 540  2,522 138.8
43 Howard Goldberg Player International, Inc. 1993 500 0 7 0 507  184 61.2
44 Edward McMurphy Crown Casino Corp. 1984 305 175 0 0 480  202 66.5
45 Donald Speer Inland Casino Corp. 1994 325 100 29 0 454  0 73.8
46 David Thompson Mikohn Gaming 1988 336 40 2 39 417  0 55.6
47 Gregory Wilson American Bingo & Gaming Corp. 1994 185 0 10 217 412  143 110.6
48 Donald Massaro Silicon Gaming, Inc. 1996 250 150 2 0 402  0 174.4
49 Timothy Parrott Boomtown, Inc. 1992 375 0 0 0 375  689 98.7
50 Pete Cladianos Sands Regent 1978 364 0 0 0 364  0 39.9
51 Stanley Fulton Anchor Gaming 1994 245 100 0 0 345  0 206
52 John Pilger Casino Resource 1984 263 0 0 23 286  0 48.7
53 Lester Bullock Europa Cruises 1994 134 0 0 115 249  0 85.1
54 Norbert Jansen Boardwalk Casino 1994 238 0 0 0 238  0 65.9
55 Richard Schuetz Stratosphere Corp. 1996 173 58 0 0 231  0 n/a
56 Gary Dachis Game Financial Corp. 1990 192 0 36 0 228  0 205
57 Clark Stewart Butler National Corp. 1989 212 0 0 2 214  44 27.2
58 John Connelly President Casino, Inc. 1992 200 0 2 0 202  0 1.4
59 Paul Endy Paul-son Gaming 1993 196 0 0 0 196  0 90.2
                     
  Note 1: Other includes other annual compensation, restricted stock awards and LTIPs                  
  Note 2: Value of long term stock options is the Black-Scholes value of stock option grants in 1996                  
  Note 3: Value of in-the-money options includes both exercisable and unexercisable options                  
  Note 4: HVS Pay-For-Performance Value Index is based on an average of 100.0                  
  Source: HVS Executive Search                  
For Further reading see The Men With The Golden Touch and the Previous Years Casino CEO Compensation Rankings

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Last Updated on 10/29/97
By Richard L. Johnson