Tag Archives: Jim Murren

MGM Resorts vows to cut costs as part of MGM20 initiative

MGM Resorts International has vowed to cut costs, improve efficiencies and prepare for a period of growth as announced in its new company-wide ‘MGM 20′ initiative.  The company is striving to grow from its previous profit growth initiatives implemented in 2015, and expects to deliver annualised Adjusted EBITDA uplift of $300m (£238m) in aggregate, consisting of $200m (£159m) by the end of 2020 …

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MGM caps US sports league hat-trick through MLB deal

league

Major League Baseball (MLB) has followed in the footsteps of the NBA and NHL by striking a betting partnership with MGM Resorts. The two parties have announced an all-inclusive agreement that designates MGM Resorts as the first-ever ‘Official Gaming Partner of MLB’ and ‘Official Entertainment Partner of MLB’. The deal will combine the MLB brand with MGM Resorts and playMGM …

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MGM ties up New York Jets partnership

NFL side the New York Jets has partnered with MGM Resorts to announce its first official gaming partner. The “first of its kind partnership,” has been confirmed with a multi-year agreement, hailed “the most comprehensive and integrated gaming partnership in the NFL to date”. The collaboration acts as an affirmation of continued commitment to growing its brand name via sports …

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NHL unites with MGM for first betting partnership

The National Hockey League has confirmed its first official betting partnership, announcing  a multi-year deal with MGM Resorts International. The partnership, which was unveiled today by NHL Commissioner Gary Bettman and MGM Resorts Chairman & CEO Jim Murren in New York City, places a key focus on the data produced by both the NHL and MGM. NHL Commissioner Gary Bettman …

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Trusted Hand! GVC & MGM confirm Adam Greenblatt as US joint-venture CEO

Issuing a combined corporate communication, US market strategic partners GVC Holdings and MGM Resorts have confirmed the appointment of Adam Greenblatt as US joint-venture Chief Executive of ‘MGM GVC Interactive LLC’ Noted as a key stakeholder in the creation of the MGM-GVC Interactive strategic property, Greenblatt has been promoted to the executive leadership position having formerly served as Director of Corporate Development …

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MGM Resorts reflects on Route 91 tragedy

MGM Resorts Group Chairman and Chief Executive, Jim Murren has issued a sombre personal statement reflecting on the first anniversary of the tragic ‘Route 91 Harvest’ music festival massacre which left 58 people dead and more than 850 injured. The Las Vegas community is still recovering from the events of 2 October 2017, when Stephen Craig Paddock opened fire on …

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‘Changing Times’… MGM Resorts secures historic NBA partnership

MGM Resorts International announces its second major partnership of the week, confirming that its has secured a ‘first of a kind’ sports betting arrangement with National Basketball Association (NBA). NBA Chief Commissioner Adam Silver and MGM Resorts President & CEO Jim Murren announced the partnership this afternoon in New York city. For the first time, the NBA will open its …

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GVC & MGM to create “one of a kind” platform for US expansion

As anticipated FTSE-listed GVC Holdings has this morning confirmed the establishment of its 50-50 US joint venture with MGM Resorts International (MGM). Updating the market, GVC governance states that the joint-venture will significantly expand its US position granting direct access to regulated US states, with both venture parties securing ‘meaningful early mover advantages.’ “With a proven track record as partners-of-choice, …

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AGA America appoints Penn National’s Tim Wilmott as next Chairman

US gambling industry body, The American Gaming Association (AGA) has confirmed that Tim Wilmott CEO of Penn National Gaming Inc, will serve as its next Executive Chairman. Updating stakeholders, the AGA board confirmed that Wilmot would serve a two-year chairmanship beginning in January 2018, replacing current incumbent Jim Murren CEO of MGM Resorts. Wilmott has been involved with AGA governance …

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Boyd Gaming sells 50% stake in Borgata to MGM International

US casino and leisure operator Boyd Gaming Corporation (Boyd) has agreed to sell its 50% stake in Atlantic City’s Borgata casino complex to MGM Resorts International (MGM) for a reported $900 million. Boyd’s stake is set to be acquired by MGM property subsidiary ‘MGM Growth Properties’ with the deal expected to be completed by Q3 2016. MGM will take over …

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