The gaming industry is a dichotomy of large and small. At one end of the spectrum is Las Vegas Sands Corporation (LVS) with a market cap of $45 billion, while at the other end is Gamehost, with a market cap $20 million.
Responsible for gaming operations at the Seminole Tribe of Florida since 2001, James F. “Jim” Allen, chairman of Hard Rock International and CEO of Seminole Gaming, has guided the development of Seminole Gaming into one of the world’s most profitable gaming entities, with seven casinos located throughout Florida.
There is no denying that a $32 million salary is substantial; but what some may question is whether a chief executive officer (CEO) is actually worth such an amount, especially when others in the company don’t make anywhere near that number. In fact, the average CEO in the S&P 500 makes 373 times the average worker.