Innovation Group founder Steve Rittvo is departing from the company to become chairman and CEO of Innovation Project Development, a company born of The Innovation Group in 2005.
“It’s a bittersweet transition, to be sure,” said Rittvo. “What began as a planning and research firm has diversified into a number of successful affiliate companies now implementing the recommendations and analysis of our core work. It has been an incredible pleasure to shape and grow The Innovation Group of companies into an industry-leading gaming consultancy over the last 30 years,” he said.
As chairman and CEO of Innovation Project Development, where he has been majority stockholder since its inception, Rittvo plans to extend the business’ current focus on construction, site analysis and project management into the broader and more intense activities of direct project development.
“We are off to an outstanding start,” said Rittvo, “and recently announced our first project as a principal. With The Cordish Companies as lead partner, Madrid Live – a 300 acre, $2 billion project – was submitted to the Madrid Regional Government for acceptance late last year.”
While Rittvo formally departs TIG on February 1, he will maintain a close relationship with the organization, serving the firm on an advisory basis and under special circumstances.