Jim Murren

    Company: MGM Resorts International

    Jim Murren was named Chairman and CEO of MGM Resorts International in December 2008. He leads a company of 68,000 employees with 13 resorts in Las Vegas, one in Detroit, two in Mississippi and one in Atlantic City, as well as resorts being developed in Maryland and Massachusetts. Mr. Murren also serves as chairman of MGM China Holdings Limited, which owns MGM Macau and is developing a resort in Cotai.Mr. Murren joined MGM in 1998 after spending more than a decade on Wall Street, where he was regarded as a leading analyst in the hotel and gaming industries. His arrival at MGM coincided with a period of dramatic growth for the company, including the acquisitions of Mirage Resorts and Mandalay Resort Group.He is the visionary behind CityCenter, the unprecedented urban resort destination that opened on the Las Vegas Strip in 2009 featuring centerpiece ARIA Resort & Casino. CityCenter – a sophisticated mix of resorts, residences, conference facilities, dining and retail – is among the largest “green” developments globally. Using cutting-edge solutions, CityCenter demonstrates that sustainability enhances the guest experience. A native of Fairfield, Conn., Mr. Murren graduated from and is a Trustee of Trinity College where he majored in Art History and Urban Studies. He is Chairman of the American Gaming Association and a member of the Board of Trustees of the Brookings Institution. In 2013, he was appointed to the National Infrastructure Advisory Council. A leader in the area of corporate responsibility, Mr. Murren is Executive Chairman of the Board of Directors of the Corporate Responsibility Officers Association, a professional society for corporate responsibility practitioners. In 2015, he was the recipient of the Distinguished Leader Award by the University of Massachusetts’ Isenberg School of Management. In 2013, he was named a Responsible CEO of the Year by CR Magazine and Executive of the Year by Casino Journal. Under his leadership, MGM Resorts International was named a FORTUNE World’s Most Admired Company in 2016.With his wife, Heather, he is actively involved in assisting wounded warriors and their families through the creation of a Fisher House in southern Nevada.

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    Casino operator MGM Resorts has launched its first corporate brand campaign, aimed at highlighting its expertise as a global entertainment company. The integrated “Welcome to the Show” campaign reflects the company’s growth beyond the hospitality industry, including award-winning live and theatrical performances to interactive dining, immersive nightlife, one-of-a-kind retail and extraordinary spa offerings. “Our new […]

    Macau operators contribute to relief efforts

    Macau’s casino operators have been seen contributing to relief efforts following Typhoon Hato, which battered the gaming hub last week.   MGM China Holdings have pledged MOP 30 million (US$3.7 million)  to rebuild Macau following Typhoon Hato. The distribution of the pledge will be decided in the coming days and months with guidance from the […]

    MGM Cotai to aim for recreational gambler

    MGM Resorts says it plans to attract more recreational gamblers than VIPs in its new Cotai property, which opens in the fourth quarter of this year. “Our business model is not predicated on the VIP business,” MGM Resorts International Chief Executive Officer James Murren said in an interview with Bloomberg TV. “Our strategic plan is […]

    MGM appoints ex-diplomat as head of Japan

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    MGM Cotai launches Asia’s first dynamic theatre

    MGM Cotai, which is set to open in the fourth quarter of 2017, will include a first-of-its-kind dynamic theatre, called MGM Theatre, according to a company press release on Tuesday. Designed by Scéno Plus, a performance arts and entertainment design firm, the MGM Theater at COTAI is the world’s first theater to offer a 28 […]

    MGM China Q2 profit declines on weak mass and VIP revenue

    MGM China posted a 1 percent decline in Q2 revenue as mass floor table games income fell 2 percent, while VIP gained just 1 percent. The company reported net revenue of $448.7 million, with its quarterly performance lagging that of its Macau peers to have reported so far. Its stock dropped more than 4 percent […]

    Mass, slots drive MGM China 17Q1 results

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    MGM China 16Q4 revenue edges higher

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    MGM Resorts closes acquisition of additional stake in MGM China

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    MGM China celebrates topping off for Cotai resort

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    MGM 15Q2 profit tumbles, but tops forecasts

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    AGA/industry pay tribute to Las Vegas mogul Kirk Kerkorian

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    James Murren

    MGM puts brakes on opening new casino in Vegas

    MGM Resorts International, operator of the Bellagio and MGM Grand, will for now not be building any more hotel-casinos on the Vegas Strip, according to the Review-Journal.  Quoted by the Review Journal, Jim Murren, chairman and CEO of MGM Resorts, said he does not see the value or need in building a new property. “I […]

    MGM Q1 earnings beat forecasts: Cotai slipping?

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    Land and Buildings gives presentation on MGM’s failings

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    MGM China Q4 revenue gains, led by mass

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    MGM eyes Wynn bid, New York Post reports

    MGM Resorts has expressed an interest in buying Wynn Resorts through back-channel approaches, the New York Post reported, citing unnamed sources. Wynn Resorts is not on the block, but the newspaper cited one source close to the situation as saying the company’s new CEO would sell if he got the right price.“I think if the […]

    MGM China revenue boosted by Cotai opening

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    Operators hail passage of IR Implementation Act

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    James Murren

    MGM aims for Osaka: Murren

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    MGM reaches settlement for 2017 mass shooting

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    Squeezing liquidity from fixed assets

    The dramatic slump in Asia’s VIP revenue over the past two years has forced operators to trim costs and diversify income sources to plug the gap. While much of the focus has been on boosting non-gaming and tapping into the mass market, companies have also been looking at ways of unlocking shareholder value through monetizing extensive fixed assets. From real estate spinoffs, to timeshares and outright sales, many options are being considered.  
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