Jim Murren

25th February 2021

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…

2nd February 2021

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…

30th July 2020

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…

1st May 2020

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…

2nd April 2020

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…

27th March 2020

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…

23rd March 2020

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.…

20th February 2020

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…

14th February 2020

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…

14th February 2020

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…