MGM Resorts International

    Website: https://www.mgmresorts.com/

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic interest in the operating partnership of MGM Growth Properties LLC (NYSE: MGP), a premier triple-net lease real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts.The Company also owns 56 percent of MGM China Holdings Limited (HK: 2282), which owns the MGM Macau resort and casino and is developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA Resort & Casino. MGM Resorts is named among FORTUNE Magazine’s 2016 list of World’s Most Admired Companies.

    People

    Aaron Fischer

    Aaron Fischer is the senior vice president of corporate development of MGM Resorts International, appointed for the role in late 2016. According to a press statement from the company, Fischer will be tasked to “assist the company and its affiliates in the development and strategic planning of integrated resorts.”Fischer recently served as the Head of Consumer and Gaming research at CLSA, a boutique brokerage and investment group based in Hong Kong. During his 17 years as an equity analyst Fischer specialized in Macau, Japan, other emerging gaming markets and the global luxury goods industry.Fischer participated in most of the gaming related IPOs in Asia and was a highly ranked analyst according to various surveys, including a Wall Street Journal rating as the Number 1 Best Hong Kong Analyst in 2012.Before moving into research, Mr. Fischer was with Arthur Andersen in Melbourne as a Chartered Accountant. He graduated with a Bachelor of Commerce from the University of Melbourne in 1994.Fisher will work from the MGM Resorts offices in Hong Kong.

    Corey Sanders

    Corey Sanders has served as Chief Operating Officer of MGM Resorts International since June 2010. He oversees operations at the company’s wholly-owned properties, which in Nevada include Bellagio, MGM Grand, Mandalay Bay, The Mirage, New York-New York, Monte Carlo, Luxor, Excalibur and Circus Circus Las Vegas. He also oversees Beau Rivage in Biloxi and Gold Strike Tunica, both in Mississippi, as well as MGM Grand Detroit.Mr. Sanders previously served as the Chief Operating Officer for the company’s Core Brand and Regional Properties. In this capacity, he worked closely with then-Chief Marketing Officer and current President Bill Hornbuckle to develop innovative ideas that helped to turn MGM Resorts International into a powerful marketing organization.In his two decades with the company, Mr. Sanders also has served as corporate Executive Vice President of Operations, developing both growth opportunities and operating efficiencies for the company. He also has held the positions of corporate Executive Vice President and CFO of MGM Grand Resorts, and Executive Vice President and CFO of MGM Grand Las Vegas.He is a trustee of the UNLV Foundation and Chairman of the Nevada Resort Association. Mr. Sanders has served on the Board of Directors of the Animal Foundation.He earned a Bachelor of Arts degree in Economics from UCLA.

    Jim Murren

    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.

    John B. Kilroy, Jr.

    John B. Kilroy, Jr. is a board member of MGM Resorts International. Mr. Kilroy is the Chairman, President and CEO of Kilroy Realty Corporation, one of the largest, vertically integrated REITs on the West Coast, whose portfolio spans some of the strongest, most desirable markets in the U.S.Mr. Kilroy serves on the Advisory Board of Governors for the National Association of Real Estate Investment Trusts, or NAREIT, and the Policy Advisory Board for the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley.

    Scott Butera

    Head of Interactive

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    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Kerkorian will mandates sale of MGM stake

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    AGA/industry pay tribute to Las Vegas mogul Kirk Kerkorian

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM puts brakes on opening new casino in Vegas

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM China completes refinancing, boosts loan facilities to $3b

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Macau casino stocks gain as CS points to “green shoots”

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM committed to Macau, shareholder drops board bid

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    ISS backs MGM director nominees

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Land and Buildings criticizes MGM board member

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM Resorts re-evaluating REIT following criticism from Land and Buildings

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM Q1 earnings beat forecasts: Cotai slipping?

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Land and Buildings gives presentation on MGM’s failings

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM closes sale of Gold Strike hotel and casino

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM National Harbor releases report on local community participation

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM hits back at investment fund, appoints independent advisor

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Casino stocks take a hit after visitor cap announced

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM slams Land and Buildings board nominations

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Casinos in Vegas begin to go cashless

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    MGM Q4 results miss forecasts, MGM China to pay special dividend

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Chinese Strategic to team with Nasdaq-listed Macau operator for Tinian project

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Dividend sustainability to be a concern, Wynn at risk, CS says

    MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts.MGM Resorts controls and holds a 76 percent economic […]

    Japan IR winners emerge as framework becomes clear

    The increased clarity regarding the terms of IR regulation in Japan following the ruling coalition compromises is also throwing light on which institutions are now advantaged and which are disadvantaged in the race for licenses. Seth Sulkin, head of the American Chamber of Commerce in Japan’s task force on IRs, describes the outcome to Asia Gaming Brief as “a major victory for the major casino operators and large Japanese cities.” 

    Japan the top prize, though Brazil seen a worthy contender

    Brazil and Japan are two of the most hotly anticipated casino markets, but how do they stack up against one another and which country is the most appealing for international casino operators and investors? The two nations have entwined cultural links, mainly due to mass migration throughout the 20th Century. In fact, Brazil is home to the world’s largest Japanese-descendant population outside Japan. One other thing Brazil and Japan have in common is that they both appear to be on the cusp of introducing legalized casino resorts after years of false starts and delays.

    Will Japanese take lead in IR projects?

    In early September, MGM Resorts International CEO James Murren emphasized in a public presentation that his company was looking for a “Japanese-led” IR consortium in a major urban market. He wasn’t specific about what he meant in practical terms, but clearly MGM envisages its Japanese partners playing a major, perhaps a predominant role in a future IR. Caesars Entertainment made a similar statement, however, so far few Japanese companies have come out opening as saying they are prepared to take the lead. 

    Responsible values

    As operators around Asia vye for licenses in new markets, one corporate social responsibility expert suggests they should change their approach. Jan Jones Blackhurst, executive vice president, public policy and corporate social responsibility, at Caesars Entertainment says not enough is being done to explain what an IR is and the benefits it can bring to society. Not only can a good CSR program help to alleviate perceptions about gambling harm, it can also be a revenue driver. 

    Yokohama mayoral contender votes no casino

    Kazuyoshi Nagashima, a former mayor of a small city and one-term House of Representatives lawmaker, is at present the only openly declared candidate for the July 30 election to become Mayor of Yokohama. His main campaign slogan is a succinct two words: NO CASINO!!! He joins other regional politicians in campaigning on the bandwagon of opposition to IRs in their cities. 

    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.  

    Cotai resorts seen viable, but returns to disappoint

    The multi-billion properties opening up on Macau’s Cotai strip are still likely to be viable, despite the slump in gaming revenue in the territory, though returns will fall far short of the levels expected when the resorts were first planned, analysts say. The six operators are set to almost double their room capacity over the next two years at a time of unprecedented uncertainty for the revenue outlook. 

    2016 – what comes next for Macau and the region?

    Asia Gaming Brief asked its advisors David Green, John English, Luis Mesquita de Melo, Andrew Klebanow and Steve Gallaway, to look ahead and share with us what they believe are the underlying currents for the Asian Gaming industry in 2016. Views may differ but the one common denominator is the shifting of the sands - something will have to give…An end to the IR “arms race," by David Green The strong will survive, by Steve GallawayEnough about the Millennials, by Andrew KlebanowMacau will continue the race to reinvent, by John EnglishThe “golden” gap for emerging jurisdictions,  by Luis Mesquita de Melo 

    Macau casinos putting cost cuts above customer care?

    As Macau’s gross gambling revenue has slumped, operators have been paring costs to the bone to protect margins, with the first casualty usually being spending on marketing and player reinvestment.However, this may be a short-sighted approach that will cost dearly in the longer term. 

    Macau needs better branding, tourism planning for successful transition

    Macau, whose meteoric success was fueled by the high-spending VIP gambler, needs to improve its branding and tourism planning if it is to transform to a majority non-gaming model and replace income from the missing high rollers. The government is determined to effect a Las Vegas-style shift to a destination resort, but experts say it will be a difficult road. 

    How will Macau treat casino gaming license renewals?

    The government’s mid-term review of Macau’s six gaming operators is now well underway, assessing the strengths and weaknesses of the concessionaires and sub-concessionaires ahead of the expiry of current concessions.Against a backdrop of a year of falling gambling revenue and a crackdown on corruption by mainland China, it has added a further layer of regulatory uncertainty in the market.
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