The Venetian Chooses New CEO after Apollo Acquisition

The Venetian Resort in Las Vegas has announced that Patrick Nichols will be its next President and CEO, replacing CEO George Markantonis after seven years of service.

Apollo Global Management recently acquired the Venetian Resort for $1.6 billion, and this move is Apollo’s first senior leadership restructuring.

Nichols’ most recent role was at The Cosmopolitan in Las Vegas, which was recently sold for $5.65 billion, where he served as the General Manager and Chief Strategy Officer. He has spent all his career working in Las Vegas and has previously worked at the Venetian in his very first role.

As we continue to solidify The Venetian’s position as a premier destination on the Las Vegas strip, we are confident that Patrick’s significant experience in operating and expanding entertainment, hospitality, and group events businesses will continue to build on the solid foundation created under George’s leadership and capably carried on by this industry-leading team.

David SamburApollo Partner and Co-Head of Private Equity at Apollo Global Management

During Markantonis’s tenure, the Venetian Resort enjoyed 5 years of record-breaking growth, and he also led the casino through the difficult 2 years of the pandemic.

Markantonis will remain with the company and take up a new role as a special advisor to the board. This will happen in August after he steps down as CEO following a short transition period.

I am excited to return to The Venetian and lead one of the most iconic Las Vegas resorts during such a pivotal moment for our city. Under George’s leadership, The Venetian has become one of the premier resorts across hospitality, meetings, and events, gaming, and entertainment – not only in Las Vegas but across the country.

Patrick NicholsCEO of The Venetian Resort

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