#Jim Murren

The Nevada Independent

Indy Gaming: Vegas set to prosper in ‘fun economy,’ UNLV experts say

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The term "fun economy" might sound cheesy,…

Industry ・ 25 January 2024

Review Journal

Dubai to pass Las Vegas hotel room inventory

While Dubai is on track to surpass the number of hotel rooms in Las Vegas, a Southern Nevada gaming and hospitality industry analyst who knows the United Arab Emirates landscape well says it shouldn't become a major competitor as long as Las Vegas continues to invest in its infrastructure. "As long as Las Vegas stays on its game, nothing will be…

Land-based ・ 24 September 2023

Vegas Inc

UAE creates federal authority for 'commercial gaming' as casino giants flock to nation

Monday, Sept. 4, 2023 | 10:38 a.m. DUBAI, United Arab Emirates - The United Arab Emirates has created a federal authority to potentially run a national lottery and what it describes as "commercial gaming," likely a sign that it is on the verge of allowing gambling as major casino operators flock to the Gulf Arab nation. The state-run WAM news…

Industry ・ 05 September 2023

ABC News

UAE creates federal authority for 'commercial gaming' as casino giants flock to Gulf Arab nation

DUBAI, United Arab Emirates -- The United Arab Emirates has created a federal authority to potentially run a national lottery and what it describes as "commercial gaming," likely a sign that it is on the verge of allowing gambling as major casino operators flock to the Gulf Arab nation. The state-run WAM news agency carried an announcement late…

Industry ・ 04 September 2023

Wild Casino

$5,000 Welcome Bonus

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The Nevada Independent

Indy Gaming: Las Vegas Sands casino expansion effort in Texas fails again

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Casino legalization efforts in Texas…

Law ・ 20 May 2023

iGaming Business

Tilman Fertitta takes Las Vegas

In a city long known for bigger-than-life figures such as mobster Bugsy Siegel, reclusive tycoon Howard Hughes and casino mogul Steve Wynn, Tilman Fertitta is the newest big player on the Las Vegas Strip. The billionaire Texas businessman and owner of Fertitta Entertainment, which owns more than 600 restaurants, hotels, casinos and other…

Industry ・ 14 December 2022

The Street

Las Vegas Casino Player Wants to Expand the Betting Tent

Business is all about growth and business for the sports gambling industry has been good. Sports betting accounts for between 30% and 40% of the worldwide gambling market, producing a yield (the money casinos receive from bettors minus the payout) higher than $400 billion in 2021, according to Statista. In June 2018, sports gamblers wagers $310…

Land-based ・ 16 March 2022

The Nevada Independent

Indy Gaming: Despite three closed properties, Red Rock expanding in Vegas

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Red Rock Resorts expects to begin…

Sports ・ 10 November 2021

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The Nevada Independent

A buyer’s market: Vegas Strip casinos a hot commodity

High-profile Las Vegas Strip resorts aren't put up for sale every day. Last week, however, Caesars Entertainment and MGM Resorts International, the Strip's two largest operators with a combined 17 properties, each said they wanted to part ways with a hotel-casino. In a year that has seen more than $30 billion in announced mergers and acquisition…

Covid ・ 08 November 2021

Review Journal

MGM Resorts makes shrewd move to acquire The Cosmopolitan of Las Vegas

Last week, the largest employer on the Strip made the surprise announcement that it's acquiring the operations of The Cosmopolitan of Las Vegas for $1.625 billion. It's part of a larger $5.65 billion real estate deal for Blackstone with a method in vogue in the gaming industry these days: A group of investors is buying the real estate beneath The…

Travel ・ 04 October 2021

The Nevada Independent

Indy Gaming: Expanding usage of mobile wallets and cashless payments requires education for players and casino staff

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Sightline Payments Executive Vice President Omer…

NFL ・ 25 August 2021

The Nevada Independent

MGM Resorts still the Strip’s largest casino operator, just not its biggest landowner

Nearly a decade ago, MGM Resorts International owned much of the Las Vegas Strip. The company controlled more than 800 acres along the resort corridor, much of which housed 10 Strip resorts, the 67-acre CityCenter complex, a 33-acre concert venue and 23 acres that became The Park dining and retail space and T-Mobile Arena. "It's a good time to be…

Travel ・ 26 July 2021

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Patch

Following Nasdaq Listing, PlayStudios Focused On Social Gaming, Not Online Casinos

In the 142 days between announcing a deal to go public through a special purpose acquisition company (SPAC) and its initial listing on the Nasdaq, Las Vegas-based social gaming provider PlayStudios kept busy. The company announced six new partners for its loyalty rewards program - including Intercontinental Hotels and San Diego's Sycuan Indian…

Finance ・ 29 June 2021

Review Journal

Pay gap widens between casino CEOs, average casino workers

The pay gap between Nevada casino companies' average workers and their CEOs is growing wider. The pay ratio between chief executives and median employees increased at four of the six largest public Nevada-based casino operators during the pandemic. CEOs' total compensation came in anywhere from 66 to 591 times that of a median employee in the…

Travel ・ 07 May 2021

The Nevada Independent

Las Vegas-based PlayStudios deal with Murren-led company follows slot machine industry growth pattern

Arriving late to the party oftentimes has benefits. Just ask Jim Murren. PlayStudios CEO Andrew Pascal was well into the process last fall of taking the Las Vegas-based social gaming provider public through a merger with a special purpose acquisition company (SPAC). PlayStudios' financial advisors, J.P. Morgan and LionTree Advisors, had identified…

Industry ・ 07 May 2021