The Light Group

Andrew Jacques Sasson (born 1970 in Walton-on-Thames, England)Garrahan, Matthew
"Man who put a shine on Sin City"
''Financial Times''. July 22, 2008. is a British-American entrepreneur, hotelier, and real estate developer. With Andy Masi, he is the co-founder of The Light Group, which owns several restaurants, bars, and nightclubs, mainly in the New York City and Las Vegas areas.

Early life and early career

Sasson was born in 1970 and grew up in Surrey, which borders South London. At the age of 15, he began working at his family's restaurant in Palma de Mallorca, Spain. He learned about the hospitality industry – from food service to day-to-day operations – and spent his nights exploring Spain's nightclub scene.Miller, Matthew
"The Operator"
''Forbes''. May 10, 2004. He studied at Florida International University for a year, and then remained in Miami, working as a doorman at the nightclub Velvet and learning the behind-the-scenes business of that industry.

Career

The Light Group

Sasson moved to New York City in 1995, and opened his own nightclub, Jet Lounge, in SoHo. He then opened Jet East and Conscience Point in the Hamptons, and Jet 19 on the Lower East Side. In 2000, he opened Light, a midtown Manhattan after-work and late-night lounge and restaurant.

In 2001, Sasson moved to Las Vegas, where he founded The Light Group with business partner Andy Masi.Andrew Sasson – Brief Biography
''Reuters''. Retrieved February 2, 2014. The Light Group entered into partnership with MGM Resorts International, and its first venture was the Light nightclub at the Bellagio. Light was the first upscale nightclub to open within a hotel, and was one of the first nightclubs in Las Vegas to offer its clientele high-end bottle service.Schoenfield, Brian
"Nightlife: All Night Long"
. ''Cigar Aficionado''. March/April 2006."Brit of glitz". ''Voyager''. January 1, 2007. ("With new financial backers, Christopher and Keith Barish, co-founders of the Planet Hollywood restaurant chain, Sasson persuaded Baldwin to let him open Light in the Bellagio, at a cost of £2.5m. It was the first club in the Bellagio and one of the first in Las Vegas to offer bottle service with a minimum spend of £500 per table.") Following Light was the Caramel lounge at the Bellagio, and Mist lounge at Treasure Island. In 2004, the group opened the FIX Restaurant & Bar at the Bellagio.

In 2005, The Light Group opened JET Nightclub and STACK Restaurant & Bar, both of which marked The Mirage as a leading venue; in 2007, they added BARE, an exclusive European-style sun-bathing pool lounge. In 2006, Sasson became director and chief operating officer of India Hospitality Corp., an Indian hospitality and leisure company, and held the position through 2010.

At the Monte Carlo, The Light Group opened two restaurants: Diablo's Cantina in 2007, and BRAND Steakhouse & Lounge in 2008. In 2008 at the Bellagio, The Light Group opened The Bank, a small exclusive nightclub, and Yellowtail Japanese Restaurant & Bar, featuring chef Akira Back. At The Mirage, The Light Group acquired the Beatles Revolution Lounge, created by Cirque du Soleil, in November 2008.

Also in 2008, Sasson sold a 50% stake in The Light Group to the Dubai firm Zabeel Investments. The sale netted him nearly $100million, and the additional income placed him at 784 on the ''Sunday Times'' Rich List of Britain's wealthiest people. In 2009, The Light Group opened several nightclubs, restaurants, and lounges at Las Vegas's new CityCenter.Miller, Matthew
"Can CityCenter Save Las Vegas?"
''Forbes''. December 19, 2009.

In 2011, Sasson sold off a 90% interest in The Light Group to Morgans Hotel Group. He sat on the board of directors of Morgans Morgans Hotel Group Co.br>Annual Report for Year Ending December 31, 2013
Securities and Exchange Commission. October 2, 2013. p. 6. until his resignation in 2013.

The Light Group closed JET Nightclub at The Mirage and re-opened it as 1OAK on New Year's Eve 2011. In 2012 and 2013, the company opened five new venues at Mandalay Bay: KUMI Japanese Restaurant & Bar; the 24-hour restaurant Citizens Kitchen & Bar; dinner, cocktail, and nightlife destination Red Square; LIGHT Nightclub featuring Cirque du Soleil; and DAYLIGHT Beach Club.

In 2012, the Light Group opened two venues at the Delano Hotel in Miami: Bianca, an Italian restaurant with a cuisine based on organic farm-to-table ingredients,Morgans Hotel Group Co. – Form 10-K
United States Securities and Exchange Commission. March 2012. and FDR, a nightclub.

By 2014, The Light Group owned and operated 20 nightlife, daylife, and dining venues at the Bellagio, Mandalay Bay, Aria Resort & Casino, The Mirage, and the Monte Carlo, as well at as Miami's Delano Hotel. In early 2015, Hakkasan acquired The Light Group, including Sasson's remaining 5% interest in the company.

Additional ventures

In 2004, Sasson ventured into real estate in Las Vegas, opening Panorama Towers, a luxury condo tower which helped pioneer the Las Vegas high-rise market. The 300 units of its first tower sold out in eight weeks. Panorama Towers expanded to over 900 units,Andrew Sasson – Profile
at ''Bloomberg Businessweek''. Retrieved January 29, 2014. and Sasson sold his share in the development at the peak of the Las Vegas real estate market.

, Sasson is an investor and board member at Independent Sports and Entertainment (ISE).Soshnick, Scott
"Billionaire Burkle Picks Ex-MSG CEO to Run New Sports Agency"
''Bloomberg News''. June 20, 2016."Independent Sports and Entertainment Launches with Investment from Ron Burkle, Hank Ratner Named President and CEO"
. Independent Sports & Entertainment. June 20, 2016. The company, formerly Relativity Sports, is an integrated sports, media, entertainment and management company that represents athletes in the U.S.

Influence

Regarding his role in transforming the culture of Las Vegas, the ''Financial Times'' in 2008 described Sasson as an innovator who "built a small but fast-growing empire that has played a role in changing the city’s image and reputation". ''FT'' went on to say that he had been instrumental in changing the city into "a culinary and nightlife hotspot, attracting hordes of young, affluent people eager to eat, drink and party. Gambling remains popular but to many younger Sin City visitors it is now a secondary pursuit, overtaken in revenue terms by food, beverage and entertainment sales."

In 2010, Sasson was listed as one of "Nightlife's Biggest Players", and cited as a highly successful empire-builder.Philips, Alan
"The First Annual A-List: Nightlife’s Biggest Players by the Numbers"
''Club Planet''. February 4, 2010. He has been noted for his attention to detail and service, and for his vision of focusing on a wealthy, youthful, fashionable clientele, including the new generation of Hollywood celebrities.Bertoni, Steven

''Forbes''. February 9, 2011. Sasson also pioneered the pricey amenity of high-end bottle service in Las Vegas – one feature of his typically high-end, luxury ventures.

References

{{DEFAULTSORT:Sasson, Andrew
People from Walton-on-Thames
American company founders
American real estate businesspeople
Living people
1970 births