Millennium Management Group
Encyclopedia
Millennium Management Group is a privately held, Las Vegas
Las Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...

, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...

-based gaming management company. It owns and operates several locals casinos
Locals casino
A locals casino is a casino designed primarily to attract residents of the area in which it was built rather than tourists or vacationers. The term is most commonly associated with casinos in Nevada, USA, to distinguish them from casinos that target mostly tourists in a central area.- Overview...

 in the Las Vegas area.

History

William Paulos and William Wortman formed the company in 1996 both holding a 50% interest.

In 2002, Millennium paid fines for violations in its Michigan casino.

On March 6, 2002, Millennium received a license from the Nevada Gaming Control Board to operate the Rampart Casino. They assumed operation of the casino later that month.

On January 3, 2003, The Cannery opens under the management of Cannery Casino Resorts with another subsidiary of the company, Millennium Gaming, Inc. owning the 67% interest.
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