Gaming executives continue to sell shares

Wednesday, June 23, 2004 | 10:38 a.m.

Officers of major Las Vegas casino companies have sold a total of more than 2.7 million shares over the past couple of months, recent records show.

Since April, Station Casinos President Lorenzo Fertitta has sold about 590,000 shares, including shares held in trust. Fertitta announced plans in April to sell up to 1,350,000 shares.

Other Station officers sold shares over the same period.

Since April, Harrah's Entertainment Inc. Chairman Phil Satre has sold about 314,000 shares acquired through the exercise of stock options. Satre announced plans in April to sell up to 388,130 shares.

Mandalay Resort Group President and Chief Financial Officer Glenn Schaeffer has sold 165,000 shares since April.

Boyd Gaming Corp. President Don Snyder has sold 95,000 shares acquired through the exercise of options since April.

Boyd Chief Operating Officer Keith Smith has sold 140,000 shares since April and Senior Vice President Marianne Johnson has sold 52,234 shares through the exercise of options over the same period.

John Redmond, chief executive of MGM MIRAGE's MGM Grand Resorts subsidiary, has sold 120,000 shares through the exercise of stock options in April.

None of Caesars Entertainment Inc.'s officers sold shares over the same period.