Richard Bosworth, CEO of JC Hospitality and well-known among those in Las Vegas casino circles, will resign at the end of March. Bosworth was also a part of Richard Branson’s Virgin Group, the company that acquired Hard Rock Las Vegas.
The company stated:
“Bosworth will be taking the next step in his career as he moves on to pursue new ventures in hospitality. Bosworth will remain an investor.”
Vital Vegas was the first to report the departure on Twitter on Sunday. But JC Hospitality said Bosworth announced his intentions to resign in February.
Bosworth, who goes by “Boz,” will continue to have an ownership stake in the resort.
Boz supervised the $200M redevelopment of Hard Rock Las Vegas
In 2018, Branson’s Virgin Group purchased the former Hard Rock Las Vegas on Paradise Road and Harmon Avenue for $500 million.
Bosworth oversaw more than $200 million in the redevelopment of Hard Rock Las Vegas, which led to the 1,500-room resort’s opening in March 2021. He organized the ownership business and served as JC Hospitality’s managing partner.
Bosworth included multiple partners in Las Vegas casino business
Bosworth also brought in Mohegan Gaming, the commercial branch of Connecticut’s Mohegan Indian Tribe, to operate the casino. It worked for almost two years without a sportsbook until Betfred was licensed to run sports betting operations in January.
Back in 2015, Bosworth wanted to have an integrated resort whose business is overseen by multiple partners. After three years, the ownership consortium came up with the Hard Rock. Its previous owners included:
- Juniper Capital Partners
- Virgin Group
- Fengate Asset Management
- Orlando Development
Virgin Hotels and Hilton Hotel’s Curio Collection oversees the property’s rooms and suites. Meanwhile, Mohegan manages the 60,000-square-foot gaming floor, while eight other operators supervise the restaurants.
In February 2020, Hard Rock closed, and it had been estimated it would open later that year. But the hotel remained closed due to Coronavirus-related operating restrictions throughout 2020. The hotel reopened in March 2021 with an extravagant party featuring reality TV celebrities.
Mohegan even paid a $60,000 fine to the Nevada Gaming Commission for violating Covid-19 protocols during the casino’s opening celebrations. Mohegan Gaming CEO Ray Pineault apologized to Nevada gaming regulators and accepted full responsibility for violating state-mandated capacity guidelines.