Company: MGM Resorts
Family Name: Murren
Given Name: James
Role: Chairman and Chief Executive Officer
Profile: Murren was a Wall Street financial analyst who joined MGM Resorts in 1998 and quickly climbed the ranks. He has served as chairman and chief executive officer since 2008 and has been the driving force behind a number of high-profile IR acquisitions and new property openings, including the Mirage Resorts acquisition, CityCenter in Las Vegas, and most recently MGM Cotai in Macau.
MGM Resorts on Thursday agreed to pay up to US$800 million to victims of the 2017 mass shooting outside its Mandalay Bay Casino & Resort in Las Vegas.
MGM Resorts took the opportunity of the local withdrawal of a major rival, Las Vegas Sands, to reaffirm that its IR bid in Japan was clearly focused on Osaka Yumeshima.
MGM Resorts Chairman and CEO James Murren has told the Japan Times that there is still enough time to open the Osaka Yumeshima IR before the 2025 World Expo, and thus capturing the benefits of having an estimated 28 million people coming to the next-door attractions of Expo.
Despite local entry fees and high gaming tax, MGM Chairman and CEO Jim Murren believes Japan to represent the highest ROI gaming IR opportunity in the world right now.
Flexing the muscles of the partnership signed last November with Major League Baseball, the MGM logo will be given prominent billing at the regular season opener between the Oakland Athletics and Seattle Mariners at Tokyo Dome on March 20 and 21.
MGM Resorts International announced last Thursday a reshuffle of its leadership team aimed at driving the company’s strategic direction and implement change as part of its MGM 2020 initiative. The leadership changes will be effective as of March 1.
James Murren, chairman and CEO of MGM Resorts International, told investors on an earnings call this week that his company is “focusing our energies” on its Osaka IR bid, and that he feels optimistic about MGM’s chances for success, in spite of the highly competitive environment.
US casino operators Wynn Resorts and MGM Resorts have each been recognized as among of the “World’s Most Admired Companies” by Fortune magazine’s annual survey.
MGM Resorts has tipped its hand further by officially announcing an “Osaka First Policy” by which it will concentrate its management and planning resources at its newly opened office in Nakanoshima, Osaka.
MGM Resorts International said it has appointed former Nevada Governor Brian Sandoval as president of global gaming development to spearhead the group’s global expansion, particularly in Japan.
Macau has considerable potential for further growth and is likely to remain the world’s largest gambling market, MGM Resorts International CEO James Murren told CNBC in an interview.
In what is becoming something of a tradition, MGM Resorts was the only IR operator to participate in this year’s Dotombori River Festival in Osaka, now for the second consecutive year.
James Murren, chairman and CEO of MGM Resorts International, told the Japanese media on Wednesday that his company would be able to make its full contribution to Japan only in a major urban market, and that Osaka is the location he is aiming for.
Two major US operators, Las Vegas Sands and MGM Resorts, delivered press releases hailing the passage of the IR Implementation Act shortly after it occurred on Friday night.
MGM Resorts and MGM Growth Properties said they have agreed to buy Empire City Casino’s racetrack and casino for US$850 million, entering the high-density New York market.