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.
Endorsements, Ads, Policies, Visits
For Phil Ruffin, timing is everything
Education | Gaming | State Government
Legislative analysts: Union’s gaming tax hike proposal would bring in $650 million more per biennium
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.
Economy & Business | Gaming | Technology
How AI and facial recognition tech could reshape Las Vegas casinos
Economy & Business | Gaming
Historic Harrah’s Reno to be sold and converted into a non-gaming hotel and mixed use development
January 14th, 2020 - 4:45pm
Harrah’s Reno, one of the Nevada gaming industry’s historic landmarks, will be sold by real estate investment trust VICI Properties and converted into a business entity that will not include a casino, ending the presence of the Harrah’s name in the Northern Nevada city after 83 years.
Economy & Business | Gaming
Nevada gaming attorneys caution lawmakers on sports betting; ‘You really have to give it some serious thought’
New events center, potential casino sale could boost prospects for South Tahoe market
Gaming Commission rejects Wynn's motion to dismiss; matter likely headed to court
Wynn's lawyers blast Gaming Control Board's logic in latest legal filing
December 9th, 2019 - 6:23pm
Steve Wynn’s lawyers have unleashed another attack on the Gaming Control Board, saying the regulatory body’s “administrative hold” is an “unauthorized assumption of power” and, therefore, not grounds to deem him incapable of ever holding a state gaming license.
Gaming | Marijuana
Betting on cannabis: Gaming heavyweights shape marijuana industry, even as regulators hold the two worlds apart
December 8th, 2019 - 2:00am
Regulators have not budged on their bright line. But the casino sector has still left its mark on the cannabis industry — its veterans are filling out the leadership teams of marijuana companies, and its regulatory regime is the model that the state hopes to emulate for cannabis.
Gaming Control Board pushes back against Steve Wynn’s motion to dismiss complaint
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 Commission approves rules meant to bolster employee protections against harassment, discrimination
Gaming | State Government
Wynn: Regulators can’t punish me because I already left gaming
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 Control Board recommends regulation change addressing workplace harassment and discrimination
November 6th, 2019 - 12:49pm
More than a year and a half after sexual misconduct accusations against former casino mogul Steve Wynn rocked the industry, the Gaming Control Board on Wednesday took a step toward strengthening the state’s stance against workplace discrimination and harassment.
‘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.
Former Wynn hairstylist and whistleblower sues casino company, alleges secret salon spy operation
Nielsen spoke on the record to The Wall Street Journal for an article widely seen as precipitating Steve Wynn’s downfall, telling reporters that “everybody was petrified” of Wynn’s behavior but “nobody was there to help us.” Wynn later sued him for defamation.