{"id":265206,"date":"2023-03-20T15:28:07","date_gmt":"2023-03-20T20:28:07","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=265206"},"modified":"2023-03-21T12:34:01","modified_gmt":"2023-03-21T17:34:01","slug":"richard-bosworth-departing-as-ceo-of-virgin-las-vegas","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/","title":{"rendered":"Bosworth Departing Role at Helm of Virgin Las Vegas"},"content":{"rendered":"

Richard \u201cBoz\u201d Bosworth will leave his role as chief executive officer of Virgin Las Vegas at the end of this month.<\/p>\n

\"Richard
JC Hospitality CEO Richard \u201cBoz\u201d Bosworth, seen during an interview, above. He’s leaving his role as CEO of Virgin Las Vegas. (Image: Las Vegas Sun<\/em>)<\/figcaption><\/figure>\n

Vital Vegas<\/a><\/em> broke the news Sunday, noting Bosworth has been at the helm of the off-Strip casino resort since it opened two years ago. He\u2019s also the chief executive officer and general partner of JC Hospitality, which is the majority owner of the gaming venue.<\/p>\n

Richard \u2018Boz\u2019 Bosworth, President and Chief Executive Officer of JC Hospitality, which is the owner of Virgin Hotels Las Vegas, resigned in February 2023, and his last day as CEO will be March 31, 2023. Bosworth will be taking the next step in his career as he moves on to pursue new ventures in hospitality. Bosworth will remain an investor,\u201d<\/strong> according to a statement issued by Virgin Las Vegas.<\/p><\/blockquote>\n

News of Bosworth\u2019s departure from the casino hotel arrives after Chad Brown left his role as chief marketing officer of Virgin and JC Hospitality for a new role at Dollar Loan Center, a Las Vegas-area payday lending firm.<\/p>\n

Bosworth Architect of \u2018Interesting Operating Structure\u2019<\/h2>\n

As Vital Vegas<\/em> astutely noted, Bosworth oversaw what is \u201cone of the more interesting business structures of any Las Vegas casino.\u201d<\/p>\n

\n

Translation: There are a lot of cooks in the Virgin Las Vegas operating kitchen. The casino is run by Mohegan \u2013 the gaming and leisure arm of Connecticut\u2019s Mohegan Tribe<\/a>. The venue\u2019s theater is operated by AEG Live, while its hotel is part of Hilton\u2019s Curio Collection. Additionally, its sportsbook — a source of controversy because of delays in the opening — is managed by Betfred<\/a>.<\/p>\n<\/div>\n

While outsourcing sportsbook duties isn\u2019t uncommon in Las Vegas, and hotel partnerships aren\u2019t unique either, the standard Sin City operating model includes companies managing casinos, hotels, and in many cases, live entertainment venues.<\/p>\n

That\u2019s not to say Virgin is off-base with its nifty management structure. It\u2019s believed 2022 was the venue\u2019s best year on record, topping any annual performance notched when it sported the Hard Rock name.<\/strong><\/p>\n

Virgin is one of just three Las Vegas properties where a Native American tribe operates the casino. The others are the off-Strip Palms and the Mirage, formerly controlled by MGM Resorts International.<\/p>\n

What\u2019s Next for Bosworth<\/h2>\n

The statement doesn\u2019t specify what\u2019s next for Bosworth. But he could devote more time to his Bosworth Hospitality Partners (BHP).<\/p>\n

That company focuses on large-scale casino and hotel investments and smaller deals that often lack financing from traditional sources.<\/strong><\/p>\n

\u201cWhile BHP and their partners target very large institutional hotel and casino projects, BHP also seeks GP equity investment opportunities in the smaller $2.5 million to $3.5 million range. This is an investment sector that has been severely underserved by private institutional financing sources,\u201d according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Richard \u201cBoz\u201d Bosworth will leave his role as chief executive officer of Virgin Las Vegas at the end of this month. Vital Vegas broke the news Sunday, noting Bosworth has been at the helm of the off-Strip casino resort since it opened two years ago. He\u2019s also the chief executive officer and general partner of […]<\/p>\n","protected":false},"author":46,"featured_media":265207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,81886],"tags":[81898,23],"acf":[],"yoast_head":"\nRichard Bosworth Departing As CEO Of Virgin Las Vegas<\/title>\n<meta name=\"description\" content=\"Richard Bosworth will leave role as Virgin Las Vegas CEO at end of March.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Richard Bosworth Departing As CEO Of Virgin Las Vegas\" \/>\n<meta property=\"og:description\" content=\"Richard Bosworth will leave role as Virgin Las Vegas CEO at end of March.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-20T20:28:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-21T17:34:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/rb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/\",\"url\":\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/\",\"name\":\"Richard Bosworth Departing As CEO Of Virgin Las Vegas\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/rb.jpg\",\"datePublished\":\"2023-03-20T20:28:07+00:00\",\"dateModified\":\"2023-03-21T17:34:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Richard Bosworth will leave role as Virgin Las Vegas CEO at end of March.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/richard-bosworth-departing-as-ceo-of-virgin-las-vegas\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/rb.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/rb.jpg\",\"width\":1200,\"height\":1067,\"caption\":\"JC Hospitality CEO Richard \u201cBoz\u201d Bosworth. 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