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CASE STUDY: Nevada's Turnaround Grit Stories - The Harrah's Entertainment, Inc., Perspective
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Date:
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February 24, 2010
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Time:
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5:30pm to 7:30pm
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Location:
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 Ruth's Chris Steakhouse
3900 Paradise Road
Las Vegas, NV 89101
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Senior Harrah's Entertainment executives Jonathan Halkyard and Jan Jones will share their experiences in a program titled "The Challenges of Debt Restructuring and Expansion in the Face of a Troubled Economy." Halkyard is Harrah's chief financial officer, treasurer and interim chief accounting officer and Jones is senior vice president of communications and government relations. The lively presentation and conversation will focus on the strategic processes and tactical decisions the gaming company has made to ensure that Harrah's is in a strong financial position as the economy recovers.
The February program is the second in TMA's popular series, Nevada Turnaround Grit: Stories of How Nevada Companies are Overcoming Financial Challenges. The series is designed to give TMA members and guests insights into the best practices and highest level thinking about corporate turnaround and renewal with the realities of today's marketplace.
Join Halkyard and Jones for what will be an interesting and illuminating evening on Wednesday, February 24, 2010, at Ruth's Chris Steakhouse, 3900 Paradise Road, Las Vegas, NV, 89101 from 5:30 to 7:30 pm. Cost is $30 for members and $40 for guests. For more information and reservations, go to www.tmaofnevada.com.
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TMA Nevada Honors Its Brightest Stars
TMA Nevada recognized extraordinary individual and institutional achievement at its 2010 Annual Award Night and Membership Kickoff on January 26. Nevada Attorney General Catherine Cortez Masto ably served as master of ceremonies for the celebratory dinner, which was held at Planet Hollywood again this year. In addition to the seven established award categories, TMA President Pamela Joy Ring was pleased to present a special community service award to Nevada State Bank for its role in restoring and maintaining confidence in the banking system during last year's financial crisis.
The 2009 Winners Are:
Most Valuable Member: Mark Cenicola, president and CEO of BannerView.com
Turnaround/Corporate Renewal Impact Award: Pamela Joy Ring, president, Ring Retail Advisory, LLC
Small Business Turnaround/Corporate Renewal Person of the Year: Pamela Joy Ring, president of Ring Retail Advisory, LLC
Business Turnaround/Corporate Renewal Person of the Year: Frederick Chin, president of Atalon Group
Volunteer Committee Champion of the Year: Mike Mazur, CEO and president of Lawrence Nathan Associates, Inc.
Bankruptcy Practitioner of the Year: Bob Olson, shareholder at Greenberg, Traurig LLP
Banking Professional of the Year: Bill Stieren, vice president of Allied Business Intermediary International, Inc.
Community Service Nevada Banking Institution Consolidation Performance Award: Nevada State Bank
Pamela Joy Ring also thanked TMA's generous corporate sponsors and outlined the exciting programming planned for 2010. She and the board of TMA Nevada extend their congratulations to the 2009 nominees and winners of these important financial industry awards.
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Brett Axelrod (top left): Axelrod is a shareholder at Greenberg Traurig LLP. She is a member of its Bankruptcy Practice Group, where she represents debtors in Chapter 11 proceedings, unsecured creditor's committees, purchasers of bankruptcy assets and secured creditors and also addresses valuation issues. In the course of her career, she has worked on some of the largest bankruptcy cases in Nevada and her clients have included many of the major corporations involved in the litigation. She has been widely recognized for her work in the area of bankruptcy law. Prior to joining Greenberg Traurig, Axelrod practiced with Beckley Singleton, which partnered with Lewis and Roca LLP in 2007. She is a board member of TMA Nevada. To learn more about Brett, view her profile or website.
John T. Bear (top right): Bear is a past president of TMA and currently is an executive at Consultive Sales, Inc., in Las Vegas. He has been involved in three recent start-ups, including two that he founded. In his career, he has worked with major high tech companies in various sales and management positions. Bear is an exclusive agent for Payroll Solutions, Inc., where he focuses on creating value for companies through outsourcing payroll and human resource services, which allows the business to focus on its core competencies, while experts handle employee and benefits issues. He is available to speak on these topics. To learn more about John, view his profile or website.
Peter Bhatt (bottom left): Peter Bhatt is the CEO of Business Growth Consulting International, Inc., a management and marketing consulting firm. His business is focused on helping companies to grow revenue, profit and market share through innovations with products, processes and management. He has over 20 years of experience with various IBM marketing and consulting organizations and is experienced and knowledgeable about the workings of most major industries. His company provides services including marketing planning, competitive analysis, turnaround management and comprehensive strategic planning. A simple, effective and proprietary "Innovationeering" process is used to deliver Business Growth Consulting services. To learn more about Peter, view his profile.
Ted Burr, CTP, CIRA (bottom right): Ted Burr is the current president of TMA Arizona. He is a professional with the Sierra Consulting Group, LLC. His experience includes over sixteen years in corporate restructurings, including providing operational turnaround consulting services, serving as financial and restructuring advisor to both debtors and creditors in out-of-court restructuring and bankruptcy related engagements, including negotiating and raising various financing facilities, creditor negotiations, overseeing financial planning and analysis (FP&A) departments, development of business plans, plans of reorganization and disclosure statements, liquidation analyses, detailed feasibility analyses, financial forecasting, budget to actual monitoring reports, pre-package bankruptcy planning and other Chapter 11 and 7 related issues. To learn more about Ted, view his profile.
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 "If there was ever a time to help businesses resolve the challenges of growth gone stunted in the wake of today's economic climate, the time is now and TMA Nevada is the organization up to the task." Pamela Joy Ring, State of TMA Nevada Today
Dear TMA Nevada Members and Friends,
It is with great delight that I welcome you to view this, our first issue of our monthly newsletter, The Workout. Its content is designed to keep us informed of our chapter and to educate us to be even better professionals by sharing valuable information about our economy and allied industries.
On January 26, 2010, we held our second annual TMA Nevada Award Night. On behalf of our board of directors and members, I want to congratulate all of the recipients. On that evening, I delivered the State of TMA Nevada Today, a recounting of what our chapter has accomplished and what it has to look forward to. I have included it in the below link with the hope that it will make you proud of being a member, and inspire you to join our chapter if you haven't done so already.
Welcome to The Workout!
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