MGM Resorts Not Planning to Buy or Sell Any Casinos
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Jim Murren, the chairman and CEO of MGM Resorts International, has revealed that his company does not plan on acquiring any of the regional casino properties, that might become available once the historic $17.3 billion cash-and-stock merger between Eldorado Resorts and Caesars Entertainment Corp. gets underway.
For MGM Resorts’ upcoming role in the ever-changing equation, the company intends to stay the course with the MGM 2020 corporate restructuring plan announced earlier in the year, Murren said in delivering the company’s second-quarter earnings. That means it also does not have a plan on selling any casino properties.
MGM 2020 is a company-wide business optimisation plan intended to leverage a more centralised organisation, with a goal of maximising company profits. The restructuring initiative includes a heavy investment in technology with an aim towards improving its digital footprint.
Source: Latest News on European Gaming Media Network
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Source: Eastern European Gaming