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September 04, 2015 3:51 AM ET

Real Estate Management and Development

Company Overview of The Cordish Company, Inc.

Company Overview

The Cordish Company, Inc. engages in real estate development and private equity holding businesses in the United States and internationally. It develops and manages entertainment and mixed-use developments, sports anchored developments, hotels and casinos, shopping centers, corporate offices, residential/student housing projects, sports venues, and urban revitalization projects. The company also engages in the film production and distribution; investing in venture capital, buyouts, mezzanine debt, and distressed assets; and non-controlling direct equity investments in operating companies. In addition, it provides equity and loans primarily to large-scale retail and mixed-use projects in low-...

601 East Pratt Street

6th Floor

Baltimore, MD 21202

United States

Founded in 1910

Phone:

410-752-5444

Fax:

410-659-9491

Key Executives for The Cordish Company, Inc.

Chairman, President and Advisor
Chief Financial Officer
Director of Operations
Chief Executive Officer of Gaming Division
Chief Executive Officer of Cordish Media Inc.
Compensation as of Fiscal Year 2015.

The Cordish Company, Inc. Key Developments

The Cordish Companies Announces Board Appointments

The Cordish Companies announced two new executive hires to its corporate construction and development team PETE CESARI has been named Vice President of Construction; and EILEEN F. BERTONI has been named Director of Construction Estimating. Cesari and Bertoni will join the development team overseeing the expansion projects at the company's Maryland Live! Casino, in Hanover, MD, including the addition of a hotel and conference center; and the development of the new Live! Hotel & Casino in the Stadium District in Philadelphia, PA. As Vice President of Construction, PETE CESARI brings more than 30 years of senior management experience in development, program and construction management to Cordish. Through his career, Mr. Cesari has been responsible for the design, construction, FFE and operational teams for high-profile, multi-billion dollar hospitality, gaming and entertainment projects around the world. He most recently served as Executive Project Director for Venetian Macau Ltd. (Las Vegas Sands Corp), where he was responsible for the completion of the $3B Sands Cotai Central. Prior, Mr. Cesari worked for Suffolk Construction Company in Miami, FL, to oversee construction of the Met 2 Project, which included a 5-star JW Marriott Marquis hotel and a 47-story office building. Mr. Cesari began his career with Pepper Companies in Chicago, IL, and Orlando, FL, where he was a project manager for a number of retail and department store projects nationwide. EILEEN F. BERTONI has more than 30 years of experience in the industry and has held senior management positions for a variety of construction groups, including a 10-year stint as Senior Estimator with Tishman Construction in Boston, MA; Las Vegas, NV; and Atlantic City, NJ. At Tishman, Ms. Bertoni worked on several high-profile projects within the hotel, gaming and resort market from commencement of pre-construction through all phases of construction and architectural disciplines; most notably, the Revel Hotel and Casino in Atlantic City, NJ; and the MGM City Center in Las Vegas, NV. In her new capacity at Cordish, Ms. Bertoni will be responsible for project estimating budgets and cost control on development projects from design development to final bid documents. She will be involved in all pre-construction activities, scheduling, value engineering, and trade procurement.

The Cordish Companies Announces Executive Appointments

The Cordish Companies announced key executive appointments to its Gaming & Lodging division. Robert J. Norton, who has served as President & General Manager of Maryland Live! Casino, in Hanover, MD, through development and since its opening in June 2012, has been elevated to the new position of President of Cordish Global Gaming Group, the company's international gaming division. Mr. Norton will maintain his duties as President of Maryland Live! DOUGLAS SHIPLEY has been named Executive Vice President & General Manager of Maryland Live! Casino. Both appointments are effective immediately. Robert J. Norton is a veteran gaming executive with extensive knowledge of the industry and more than 20 years of hands-on operational experience. In his new capacity, he will continue to work closely with the executive teams at both Maryland Live! and Live! Hotel & Casino in Philadelphia, as well as working with The Cordish Companies on new opportunities to expand the Live! Casino brand into other markets, domestic and abroad. As Executive Vice President & General Manager of Maryland Live! Casino, Douglas Shipley will assume oversight of the day-to-day management and operations of the property. Mr. Shipley most recently served as President/CEO of Margaritaville Casino in Biloxi. He brings more than 30 years of extensive and diverse hands-on management experience in the casino industry, including corporate positions for Fortune 500 gaming companies, to the development and management of domestic tribal gaming, and overseeing international gaming operations in the Bahamas and Latin America. Mr. Shipley has actively participated in the development, day-to-day management and rapid growth of large resort gaming organizations in every major US gaming jurisdiction. In addition to Margaritaville, he has held senior executive and management positions at Bally's Park Place, Caesars Nevada, Grand Casinos Inc., Ameristar Casinos Inc., Cascade Entertainment LLC, and Isle of Capri Inc.

Cordish Co. Agrees to Pay Just More Than $1 Million to Settle Five-Year-Old Class-Action Lawsuit

Cordish Co. have agreed to pay just more than $1 million to settle a five-year-old class-action lawsuit. The lawsuit involves workers at Tengo Sed Cantina, Hotel nightclub and Angel's Rock Bar who say they were forced to work off-the-clock and pool tips, in violation of Kentucky's wage-and-hour laws. The settlement could benefit about 400 people who worked at the bars between Jan. 30, 2007 and Jan. 1, 2010. The parties have agreed on terms, but lawyers for the businesses have asked the judge to wait to approve the settlement because the bar owners want to see if a potential review by the Kentucky Supreme Court will affect the case. In February, the Kentucky Appeals Court ruled that the state's wage and hour law doesn't allow class-action lawsuits. If the settlement stands, about $600,000 of the funds would be available to the bar workers - which is an average of $1,500 per worker but a claims administrator would determine the amount based on each employee's hours worked.

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