학술논문
Hedging His Bets.
Document Type
Article
Author
Source
Subject
*Casinos
Language
ISSN
0015-6914
Abstract
The article discusses James Murren, chief executive officer of gaming company MGM Resorts International. While chief financial officer of MGM he promoted the company's CityCenter casino development in Las Vegas, Nevada, an $8.5 billion project that also featured three hotels and two residential towers. A recession inhibited Murren's ability to raise funds for the project and forced him to sell a 50% interest to investment company Dubai World. As chief executive of MGM, Murren must now manage the debt associated with CityCenter.