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, …
Read More »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 …
Read More »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 …
Read More »Scott Longley – Games Development- A Slow Cycle…
When Jim Murren, the chief executive of MGM Resorts International, suggests that change is coming to the slots floors of Las Vegas, it makes sense that participants in the online world as much as their land-based brethren should pay attention to his comments. Murren said in July that US casinos would “look different” in years to come with “more social …
Read More »AGA announces six new board members
The American Gaming Association (AGA) has announced the addition of six board members and three general members as a part of a new membership structure approved by the AGA Board of Directors in late 2014. The AGA is seeking to unify the gaming industry and is doing so through a policy of inclusivity and transparency. The new organizational structure and …
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