Las Vegas Sun

December 1, 2009

Currently: 49° | Complete forecast | Log in

Goeglein out as CEO

Monday, Sept. 24, 2001 | 9:42 a.m.

Richard Goeglein has left as chief executive of the struggling Aladdin hotel-casino, an Aladdin spokesman said Friday.

Lynn Holt said Goeglein was no longer CEO as of Friday, but declined to say whether he had resigned or been forced to step down. His departure came one day after the Strip resort disclosed in a Securities and Exchange Commission that it is facing likely bankruptcy -- and even the possibility of closure -- by week's end.

Goeglein holds about 3 percent of the Aladdin's stock.

Holt was unable to say who Goeglein's replacement would be, but noted that Bill Timmins, Aladdin president and chief operating officer, remains with the company. Timmins is also an executive with London Clubs International, owner of roughly 40 percent of the Aladdin's stock.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 1 Tue
  • 2 Wed
  • 3 Thu
  • 4 Fri
  • 5 Sat

All events on Tuesday »