Navegante Group
Encyclopedia
The Navegante Group provides services specializing in areas of casino management, development, consulting and executive recruitment. Navegante is based in Las Vegas, Nevada.
When the Ontario government pursued development of casino gaming in Niagara Falls, Canada in 1996, officials selected 27 potential development groups including three publicly traded companies. The Niagara plan called for a temporary gaming facility under tight construction time frames. In June, Navegante was selected to head construction and development of their first casino with a planned opening scheduled for December of that year. To meet this deadline, construction ran 24 hours a day, 7 days a week. As Navegante had projected, the property generated $2 million per day in revenue and $1 million per day in profit. The government of Ontario received its investment back in 180 days. Upon opening, Casino Niagara was known,in the industry, as being the most profitable casino operation, on a square foot basis, in the world.
In 2005 Navegante was contracted by Tamaras Group to take over the existing operations as the lessee/manager of four hotel/casino properties in downtown Las Vegas: the Plaza, Las Vegas Club, Western and Gold Spike. Navegante, in conjunction with Tamaras, was responsible for a rapid and dramatic turnaround, taking the properties from major losses to positive cash flow. In May 2007, Navegante provided Tamaras with notice of termination of the lease agreements. In 2008, operations of these casinos were transitioned to another company.
On August 1, 2007 Navegante was approved to operate the Sahara Casino while the new owner, SBE Entertainment, worked to obtain their own license.
In May 2009, Navegante joined with other partners in forming Aqueduct Entertainment Group to bid on the casino to be built at Aqueduct Race Track. The group won the bid on January 29, 2010. The partners in Aqueduct Entertainment Group are: GreenStar Services Corporation, Turner Construction Company, Levine Builders, The Darman Group, Empowerment Development Corporation, PS&S Design, Siemens AG
and Clairvest Group.
History
After six years as the Chairman, President and CEO of MGM Grand Casino in Las Vegas, Larry J. Woolf formed Navegante. Navegante’s first major development and management contract was Casino Niagara in 1996; since then we have developed, leased and/or managed dozens of Casino projects both large and small, national and international.When the Ontario government pursued development of casino gaming in Niagara Falls, Canada in 1996, officials selected 27 potential development groups including three publicly traded companies. The Niagara plan called for a temporary gaming facility under tight construction time frames. In June, Navegante was selected to head construction and development of their first casino with a planned opening scheduled for December of that year. To meet this deadline, construction ran 24 hours a day, 7 days a week. As Navegante had projected, the property generated $2 million per day in revenue and $1 million per day in profit. The government of Ontario received its investment back in 180 days. Upon opening, Casino Niagara was known,in the industry, as being the most profitable casino operation, on a square foot basis, in the world.
In 2005 Navegante was contracted by Tamaras Group to take over the existing operations as the lessee/manager of four hotel/casino properties in downtown Las Vegas: the Plaza, Las Vegas Club, Western and Gold Spike. Navegante, in conjunction with Tamaras, was responsible for a rapid and dramatic turnaround, taking the properties from major losses to positive cash flow. In May 2007, Navegante provided Tamaras with notice of termination of the lease agreements. In 2008, operations of these casinos were transitioned to another company.
On August 1, 2007 Navegante was approved to operate the Sahara Casino while the new owner, SBE Entertainment, worked to obtain their own license.
In May 2009, Navegante joined with other partners in forming Aqueduct Entertainment Group to bid on the casino to be built at Aqueduct Race Track. The group won the bid on January 29, 2010. The partners in Aqueduct Entertainment Group are: GreenStar Services Corporation, Turner Construction Company, Levine Builders, The Darman Group, Empowerment Development Corporation, PS&S Design, Siemens AG
Siemens AG
Siemens AG is a German multinational conglomerate company headquartered in Munich, Germany. It is the largest Europe-based electronics and electrical engineering company....
and Clairvest Group.
Development
- Casino New Brunswick, Canada
- Grey Eagle Casino, Alberta, Canada
- Casino FandangoCasino FandangoCasino Fandango is a casino located in Carson City, Nevada. It opened in July 2003 and has of gaming space . In 2010, the Casino Fandango won the award for the Premier Entertainment Destination in Carson City by the Nevada Appeal Readers' Choice awards. The complex owned by the Casino Fandango...
- Casino NiagaraCasino NiagaraCasino Niagara is a commercial casino located in Niagara Falls, Ontario, Canada. It opened in 1996, on the site of the former Maple Leaf Village amusement park. It was originally an interim casino while the new Niagara Fallsview Casino Resort was constructed. Due to its prime location beside...
Casinos operated
- Grand Sierra Casino
- Red Lion
- Gold CountryGold CountryGold Country is a region in the central and northeastern part of California, United States. It is famed for the mineral deposits and gold mines that attracted waves of immigrants, known as the 49ers, during the 1849 California Gold Rush.-Geography:State Route 49 was built through the Gold Country,...
- High Desert Inn
Previous operations
- Gold SpikeGold Spike Hotel and CasinoGold Spike Hotel and Casino is a boutique 112-room, seven floor hotel-casino, connected with the Oasis at the Gold Spike, a 50-room three floor hotel located in downtown Las Vegas.-History:...
- Plaza Hotel & CasinoPlaza Hotel & CasinoThe Plaza Hotel & Casino is a casino-hotel located in downtown Las Vegas, Nevada owned by the Tamares Group and Play LV is the leaseholder and operator of the property. It currently has 1,037 rooms and suites, as well as an casino and there is more than of event space...
- Las Vegas ClubLas Vegas ClubThe Las Vegas Club is a casino-hotel located in downtown Las Vegas, Nevada owned by the Tamares Group and operated by Navegante along with the Plaza Hotel & Casino across Main street.-History:...
- Sahara Hotel and Casino
- Western Hotel & CasinoThe WesternThe Western Hotel and Casino is a casino in Las Vegas, Nevada. The hotel is closed and the casino is owned by the Tamares Group and operated by Navegante....
- Casino FandangoCasino FandangoCasino Fandango is a casino located in Carson City, Nevada. It opened in July 2003 and has of gaming space . In 2010, the Casino Fandango won the award for the Premier Entertainment Destination in Carson City by the Nevada Appeal Readers' Choice awards. The complex owned by the Casino Fandango...
- Casino NiagaraCasino NiagaraCasino Niagara is a commercial casino located in Niagara Falls, Ontario, Canada. It opened in 1996, on the site of the former Maple Leaf Village amusement park. It was originally an interim casino while the new Niagara Fallsview Casino Resort was constructed. Due to its prime location beside...