Tag: Jim Murren

Hornbuckle takes the MGM helm as Murren heads Covid-19 taskforce

MGM Resorts Las Vegas
Stepping down from his role of MGM CEO months earlier than expected, Jim Murren will lead Nevada’s battle against COVID-19 as COO Bill Hornbuckle accepts a promotion to acting CEO and president to give

Murren announces departure as MGM navigates turbulent skies

Murren MGM departure
After 12 years at the helm and 22 years as an MGM Resorts International employee, CEO and chairman Jim Murren is stepping down before the end of his..

MGM Grand and Mandalay Bay real estate to be sold to joint venture

MGM Grand
MGM Resorts International is selling its Las Vegas Strip properties, the MGM Grand and Mandalay Bay, to a joint venture between the Blackstone Group’s non-listed real-estate investment trust and MGM Growth Properties.

Gambling on my mind: Sectors vie for southern hospitality

Gambling southern hospitality
One of the most anti-gambling states in the US, Georgia has taken its time in welcoming the industry across its borders, but with legislators beginning to..

MGM looking to sell further Las Vegas properties

MGM sell property Las Vegas
MGM Resorts International saw a quarterly loss due in part to an impairment charge related to its sale of the Circus Circus, while the company is..

2025 deadline for Osaka IR “unlikely”

Osaka IR 2025 Deadline unlikely
While analysts have suggested that the Japanese government will need to resolve several outstanding issues by Q2 2020, in order for Osaka to have an IR open

MGM experiences tough Q1 in Vegas, implements layoffs as part of MGM 2020 plan

MGM Resorts Las Vegas
MGM Resorts saw a 13 percent fall in gaming revenues on the Strip during Q1 2019 which it attributed to a decline in its high-end baccarat business, while..

MGM takes centre stage in Ohio

MGM Resorts Northfield Park
MGM Resorts is now fully operational in the Ohio market after finalising a deal to take over operations at the Northfield Park racino property.

MGM ups Asia stake as US market delivers

Casino Review, Macau, Pansy Ho
MGM Resorts has declared that it will increase its stake in its joint-venture Macau-based division.   The US operator currently owns 51 per cent of MGM China – with which it splits custody with Grand Paradise Macau. GPM is itself controlled by MGM China CEO Pansy Ho – the daughter of gambling tycoon Stanley Ho. But a new agreement will see MGM pay $325m...

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