Chief Executive Officer by HVS Executive Search
|RENO, Nev., Sept. 19, 2005 - The Sands Regent (Nasdaq: SNDS) today
announced that the Company's CEO, Ferenc Szony, has been honored as the
gaming industry's top performing chief executive officer by Keith Kefgen,
President of HVS Executive Search, and Stephen Goebel, Managing Director,
HVS Executive Search Las Vegas.
The CEO award is presented each year to the gaming industry CEO who offers the best value to investors based on a pay-for-performance model designed by Mr. Kefgen. The model compares CEO compensation to such indicators as stock appreciation, company growth, and increases in earnings before interest, taxes, depreciation, and amortization (EBITDA) to determine the top performing CEO.
Since joining the Company as Chief Executive Officer and member of the Board of Directors in December, 1997, Mr. Szony has led the management team that has "reinvented the Sands." Since December of 1997, The Sands Regent has grown from a single property in downtown Reno to five properties throughout the region serving both tourists and, increasingly, local area residents. Its revenues have grown from $57.5 million for the 1997 fiscal year (fiscal year ends June 30) to $81.1 million for fiscal 2005.
Mr. Szony is a member trustee of the University of Nevada, Reno's Casino Gaming School Advisory Board. Mr. Szony also sits on Reno's ARTown Board and was appointed to the Nevada Commission on Tourism in 1994 and currently serves as the vice chair.
About HVS Executive Search
About The Sands Regent
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Leora Halpern Lanz
|Also See:||Hasu Shah, CEO of Hersha Hospitality, Named the Lodging Industry’s Top Performing Chief Executive of 2004 by HVS Executive Search / June 2005|
|HVS Executive Search Presents Lodging Leadership Award For Board Performance To Arlington Hospitality and The Lodging Industry’s Top Performing Chief Executive Officer of 2003 Award to Jonathan Tisch, CEO of Loews Hotels / June 2004|