Jim Murren
Ex-MGM CEO Murren targets gaming industry with second SPAC
Former MGM Resorts chief executive Jim Murren has launched a second special purpose acquisition company (SPAC), Acies Acquisition II, with plans to acquire a gaming…
PlayStudios to go public with $1.1bn valuation
Free-to-play mobile gaming business PlayStudios is to merge with special purpose acquisition company Acies Acquisition Corporation to list on the Nasdaq Stock Exchange. Founded in…
MGM names Hornbuckle permanent CEO
MGM Resorts International has named Bill Hornbuckle, its current acting chief executive and president, to those roles on a permanent basis, as well as to…
MGM revenue falls but property sales increase profits in Q1
MGM Resorts’ revenue fell 29.1% to $2.25bn for the first quarter of 2019 due to the effects of the novel coronavirus (Covid-19), but the operator’s…
Former NV governor Sandoval steps down from MGM role
Former Nevada governor Brian Sandoval has stepped down as MGM Resorts’ president of global gaming development in order to apply for the position of president…
MGM revenue declines in first two months of 2020
MGM Resorts issued an earnings update amid the Covid-19 pandemic, reporting that revenue has declined for the first two months of 2020, but net income…
MGM Resorts names Hornbuckle as acting CEO
Casino operator MGM Resorts International has appointed Bill Hornbuckle as acting chief executive and also named Paul Salem as the new chairman of its board.…
State of the Union: PA, MGM, Maine and more
This week’s State of the Union, in partnership with Segev LLP, covers a new record month for New Jersey sportsbooks and a major increase in…
MGM on the hunt for new CEO as Murren announces departure
MGM Resorts International has announced that its chairman and chief executive officer Jim Murren is to step down, bringing to an end almost 12 years…
MGM revenue increases beyond $12bn in 2019
Revenue at MGM resorts increased 9.6% year-on-year while the sale of the Bellagio resort boosted profits as the operator continues to pivot its business model…