Z Capital Partners has appointed William McBeath as managing director and operating partner. Prior to joining Z Capital, McBeath was the president and chief operating officer for CityCenter, which includes ARIA Resort & Casino, Vdara Hotel & Spa, Crystals and Mandarin Oriental, Las Vegas.
Z Capital Partners, L.L.C. (“Z Capital”), a leading private equity firm that makes opportunistic control investments in companies that may require growth capital, operational turnaround or improvements, today announced that William McBeath has been named Managing Director and Operating Partner.
“Bill brings to this role nearly 30 years of experience in starting, building, growing and improving the profitability, performance and value of companies within the gaming and resort industry,” said James J. Zenni, President and Chief Executive Officer of Z Capital. “We welcome Bill to Z Capital as a valuable addition to the team, and have the utmost confidence that we will leverage his extensive expertise as we actively continue to operate assets in the gaming and resort sector.”
“I am thrilled to be joining Z Capital in this new and exciting role,” said Mr. McBeath. “I look forward to continuing to build on the firm’s strong track record and world-class reputation of enhancing value for investors.”
Prior to joining Z Capital, Mr. McBeath was the President and Chief Operating Officer for CityCenter, which includes ARIA Resort & Casino, Vdara Hotel & Spa, Crystals and Mandarin Oriental, Las Vegas. In this role, Mr. McBeath’s responsibilities included providing strategic and operational, executive-level leadership for all areas of CityCenter. Mr. McBeath was a vital member of CityCenter’s original opening team, overseeing every aspect of the design and development of ARIA and Vdara. In addition, Mr. McBeath oversaw one of the country’s most exclusive golf courses, Shadow Creek, and MGM Resorts’ Race & Sports Book Operations.
Mr. McBeath started his career with MGM Resorts in 1987 and has held a number of key management positions with three of Las Vegas’most successful resorts – The Mirage, Treasure Island and Bellagio. McBeath served as President and COO of each of these properties. At each resort, he was integrally involved in extensive re-branding and development projects and led the respective teams to record-breaking results.
Mr. McBeath is very active in the Las Vegas community. He currently serves as the Chairman of the Board of Directors of Las Vegas Events. Mr. McBeath has previously served as a member of the Board of Directors for the Las Vegas Convention and Visitors Authority, as well as having served as Chairman of its Compensation Committee and a member of its Audit Committee. Mr. McBeath also has served as Board Chairman of the Las Vegas Metropolitan Police Department Fiscal Affairs Committee and is a member of the National Finals Rodeo Committee. Additionally, Mr. McBeath previously served as a member of the UNLV Hotel School National Advisory Board.
Mr. McBeath received his BS in Hotel Administration from University of Nevada, Las Vegas and was recognized as “Alumni of the Year” by the University’s Hotel School in 2004.
About Z Capital Partners
Z Capital is a leading private equity firm with approximately $2 billion of regulatory assets under management and with offices in Lake Forest, IL and New York, NY. Z Capital pursues an opportunistic, value-oriented approach in private equity that includes making control investments in middle-market companies that may require growth capital, turnaround, improvements or other special situations.
Z Capital portfolio companies currently have aggregate worldwide annual revenues of approximately $2 billion, sell products in over 30 countries, and have in excess of 190,000 associates directly and through joint ventures.
Z Capital’s investors include prominent global sovereign wealth funds, endowments, pension funds, insurance companies, foundations, family offices, wealth management firms and other financial institutions in North America, Europe, Asia, Africa and the Middle East.