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Gaming | IndyBlog

Jim Murren, CEO of MGM Resorts since 2008, announces plans to leave post

February 12th, 2020 - 3:23pm
Roland Hernandez, lead independent director of the MGM Resorts Board of Directors, said in a statement that a committee of independent directors has been formed to carry out the search process and is working with a national executive search firm. He also commended Murren for his leadership, which included the completion of the massive CityCenter project.

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Education | Gaming | State Government

Legislative analysts: Union’s gaming tax hike proposal would bring in $650 million more per biennium

January 29th, 2020 - 6:03pm
The Legislative Counsel Bureau’s Fiscal Analysis Division provided a formal estimate Wednesday of the projected effect of the proposed ballot measure, which is backed by the Clark County Education Association. The gaming tax hike is one of two proposals to raise more money for education — the other is a sales tax increase.










Gaming | Local Government

Clark County, former SLS casino head to court over property tax dispute

November 27th, 2019 - 2:00am
After receiving approval from the Clark County Commission last month, officials with the county’s assessor's office have officially appealed a decision by a state tax board to reduce personal property taxes owed by the former SLS Las Vegas last year to $0, under regulations allowing property taxes to be reduced if the assessed value is less than the actual cash value paid for the property.


Gaming | State Government

Wynn: Regulators can’t punish me because I already left gaming

November 14th, 2019 - 7:48pm
Wynn’s attorney, Don Campell, filed documents Thursday indicating Wynn might agree to never enter gaming in Nevada again. But Campbell argued that allowing the Nevada Gaming Commission to assess penalties against individuals no longer involved in the gaming industry would give regulators perpetual, immense power to “impose untold fines and other sanctions against anyone who has ever received a gaming approval.”


Gaming

‘It’s been a difficult year’ – MGM’s Murren discusses hotel-casino sales, financial challenges and company layoffs

October 20th, 2019 - 2:00am
Jim Murren won’t flat-out predict an economic downturn is about to hit the U.S., but the chairman and CEO of MGM Resorts. That is one of many reasons the company agreed last Tuesday to sell Circus Circus Las Vegas to rival casino operator Phil Ruffin for $825 million and struck a sale-leaseback deal for Bellagio with Blackstone Real Estate Income Trust for $4.25 billion.


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