Bill Wortman, Principal
Bill Wortman began his gaming career providing services to the industry as a CPA with Laventhol & Horwath in 1974 after receiving his Bachelor of Science in accounting from the University of Nevada, Las Vegas. In 1978, he joined Caesars Palace as financial controller. At Caesars, he expanded his expertise in casino management and instituted state-of-the-art controls for the casino systems. A year later he was promoted to treasurer and chief financial officer. Within another year he was appointed vice president of administration.
As vice president of administration at Caesars Palace in 1980, he developed and promoted Muhammad Ali’s comeback bout against Larry Holmes, the city’s first major citywide boxing event. That event forever changed the way Las Vegas casinos market to high-end customers. Under his leadership, the entertainment mega-event became a valuable tool for attracting premium customers from around the world, particularly China.
In 1981, Wortman was promoted to president and chief operating officer of Caesars Tahoe where he launched a Far Eastern marketing department. He traveled to Hong Kong and Southeast Asia and developed substantial new player activity. His efforts helped establish the Caesars brand as an industry leader in the premium player market.
In 1984, Wortman purchased two properties in Fallon, Nevada. Wortman owned and operated these properties, the Fallon Nugget and the Bonanza Inn, from 1984 until 1996 when they were sold.
In 1985, he purchased a substantial equity position in Nevada Palace in Las Vegas (situated on the site upon which the Eastside Cannery was subsequently built), a facility that was involved in a bankruptcy proceeding. Wortman, as managing partner, assumed operating control restoring the facility to profitability.
In 1997, he co-founded Millennium Management Group (MMG) with Bill Paulos. MMG secured the license and participated in the development, opening, and management of Greektown Casino in Detroit, Michigan. The two Millennium partners later formed Cannery Casino Resorts, LLC which developed and operates the Cannery Casino Hotel℠ in North Las Vegas, Eastside Cannery® on the Boulder Highway, and The Meadows Racetrack & Casino®, Washington Trotting Association, Inc., Washington County, Pennsylvania. Bill Wortman, along with his co-founder and partner, Bill Paulos, serve as co-CEO’s of CCR.
Wortman is a former member of the Board of Directors at the Nevada First Bank, a former Board of Director at Meadows Bank, and a former Vice Chairman of the Board for Security Pacific Bank of Nevada. He is also a former board member of HELP of Southern Nevada and Opportunity Village of Las Vegas.
Wortman serves on the Board of Trustees for Nevada State College, and is a current member of the UNLV Foundation Board of Trustees and a Board Member for the UNLV Graduate School of Business. He was the 2003 recipient of the American Diabetes Association Las Vegas Man of the Year Award, and 1986 recipient of the Alumni of the Year Award for UNLV.