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MGM Resorts International Executive Chris Kelley Named Future President & COO Of Northfield Park Property

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Hard-Rock-Rocksino-Northfield-Park MGM Resorts International Executive Chris Kelley Named Future President & COO Of Northfield Park PropertyReading Time: 3 minutes

 

Kelley to oversee operations at Ohio resort currently known as Hard Rock Rocksino Northfield Park upon its acquisition by MGM Resorts

MGM Resorts International (NYSE: MGM) (“MGM Resorts” or the “Company”) announced today that it has appointed Chris Kelley as the new President & COO of the Ohio resort, currently known as the Hard Rock Rocksino Northfield Park. The Hard Rock Rocksino Northfield Park will be rebranded when MGM Resorts acquires the property, which is expected to occur in the first half of 2019. In this role, Kelley will oversee daily operations at the property while providing strategic direction and leadership.

“We are thrilled to have the Northfield Park team joining the MGM Resorts family and look forward to Chris’ leadership and strategic vision driving the Company’s success as we expand into a new market in Ohio,” said Anton Nikodemus, Chief Operating Officer of Regional Operations of MGM Resorts. “The Rocksino already cemented itself as a market leader in gaming and entertainment and, with Chris at the helm, we are looking forward to building on that successful foundation and driving further growth.”

Kelley joined MGM Resorts as Vice President and Chief Financial Officer of MGM Grand Detroit in 2017. During his time in Detroit, he acted as a key player in the development of the property’s strategic plan and the implementation and management of continuous improvement efforts, in addition to ongoing enhancements to guest experience. Prior to joining the MGM Resorts, Kelley held numerous leadership positions with Viejas Casino & Resort near San Diego, including several years as the Chief Financial Officer. Kelley holds bachelor’s degrees in Economics and Political Science from Connecticut College and received a master’s degree in Economics from the University of North Carolina at Chapel Hill.

Northfield Park, which will be integrated into the MGM Resorts portfolio of best-in-class gaming and entertainment destinations, is a market-leading gaming, dining and entertainment facility located in Northfield, Ohio, a suburb approximately 17 miles southeast of downtown Cleveland and 18 miles north of Akron.

Kelley will assume his new role at Northfield Park upon closing of the acquisition and the completion of licensing requirements.

ABOUT MGM NORTHFIELD PARK

Hard Rock Rocksino Northfield Park is Ohio’s award-winning gaming, dining, and entertainment destination, located on the Northfield Park harness racing grounds, which offers more than 200 live harness races each year. True to Cleveland’smusical history as a birthplace of rock ‘n’ roll, the Rocksino offers the legendary vibe of the Hard Rock brand, including more than 2,300 gaming devices offered both inside and outside, varied dining options and unparalleled live music events. The Hard Rock Live music venue, the fifth of its kind, hosts sell-out crowds of up to 2,100 guests for live entertainment by renowned musicians, in addition to hosting guests for a variety of functions and banquets. Hard Rock fans enjoy phenomenal dining at the world-famous Hard Rock Cafe; Kosar’s Wood-Fired Grill, football legend Bernie Kosar’s finest steakhouse; Concerto Italian Kitchen, a fast-casual restaurant, featuring personal pizzas, creative pasta dishes, gelato, and more; Fresh Harvest, an endless buffet with seven action stations; and Constant Grind, a bistro with sandwiches, sweets and more. In addition, the Rocksino offers a Rock Shop with famed Hard Rock merchandise to take home memories of the Rocksino experience, as well as a 350-seat live venue, Club Velvet, features comedians and illusion acts, dance parties, special events and is also readily available for private parties and events. As a focal point for the Center Bar leading into Hard Rock Cafe, Van Halen’s red hot motorcycle makes “everybody want some” as one of many “arena rock” pieces from Hard Rock’s unmatched, priceless memorabilia collection at the Rocksino.  On October 18, 2017, the Rocksino opened ROCKSTOP GAS & WASH, a new Hard Rock branded and first of its kind, state-of-the-art gas service station and car wash. For more information about Hard Rock Rocksino Northfield Park, please visit www.hrrnp.com.

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 28 unique hotel offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company in 2018 opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The 81,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information visit us at www.mgmresorts.com.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: MGM Resorts International Executive Chris Kelley Named Future President & COO Of Northfield Park Property

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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William Hill lowers profit forecast

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William Hill is all geared for remodelling its retail business in 2019, after it lowered its full-year 2018 adjusted operating by about 15 per cent lower compared to the previous year.

The company had reduced its profit forecast in November due to increasingly stringent regulations, particularly on lucrative fixed-odds betting terminals (FOBTs), and warned of more losses in the United States.

It said its US business had broadly broken even in the year.

European gambling companies have been looking to expand across the Atlantic in light of regulatory curbs in Britain and as US states ease curbs on betting.

William Hill said 2018 adjusted operating profit from continuing operations would be 234 million pounds, slightly higher than company-supplied analyst estimates of 232.2 million pounds.

Profit was lower in its retail business due to tough high-street conditions and the offering would be remodelled in 2019 as Chief Executive Officer Philip Bowcock looks to make the firm a “digitally-led international business,” the company said.

The company had said in November that it would look at new products to offer alternatives to FOBTs.

“With rapid expansion underway in the U.S. … and the acquisition of Mr Green nearing completion, we look forward to making further progress this year,” Bowcock said in a statement.

William Hill has earmarked about 120–130 million pounds for 2019 to fund its US expansion.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: William Hill lowers profit forecast

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FTSE4Good Index admits GVC Holdings

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GVC Holdings, the multinational sports-betting and gaming group based in Isle of Man, has been admitted to the FTSE4Good Index Series following the FTSE4Good’s annual review in December 2018.

The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products.

GVC was admitted to the index after an independent scrutiny of its practices and public documents against a series of criteria including:

  • Governance (including risk management, corporate governance and anti-corruption)
  • Social practices (including human rights, labour standards and health & safety)
  • Environmental commitments (including energy usage and waste management)

Kenneth Alexander, GVC CEO commented:

“We are proud to join FTSE4Good and be recognised as a leader in corporate social responsibility, which is at the core everything we do as a business. Acting responsibly and maintaining strong governance is not a luxury but fundamental to our long-term success and a key driver of shareholder value.”

 

About GVC:
GVC Holdings PLC is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK’s largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 100 index and has licences in more than 20 countries, across five continents.

For more information see the Group’s website: www.gvc-plc.com

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FTSE4Good Index admits GVC Holdings

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Macau’s casino companies receive rating upgrade

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Macau’s-casinos-receive-rating-upgrade Macau’s casino companies receive rating upgradeReading Time: 1 minute

 

Brokerage Sanford C Bernstein has upgraded the ratings of Macau casinos Galaxy Entertainment Group and Sands China. This was done after a re-evaluation of the companies and also considering the capacity expansion in 2020.

According to Bernstein analysts, Vitaly Umansky, Eunice Lee and Kelsey Zhu, even as GGR is expected to decrease from 14 per cent (2018) to 3 per cent this year, there is a positive future for Galaxy and Sands in 2019. They clarified: “On a longer-term fundamental view, Galaxy now looks relatively inexpensive, especially factoring in Phase 3 and 4 developments of Galaxy Macau.” 

They added: “Galaxy continues to improve its Mass operations at Galaxy Macau and StarWorld while maintaining a leadership position in VIP. While the VIP segment is most at risk of considerable slowdown over the next 6 to 12 months, over the medium term, the key value driver is operating leverage improvement and improving business mix which will enhance margins.”

Furthermore, they explained that Galaxy “stands to have outsized growth over the long run” as it completes Galaxy Macau Phases 3 and 4.

“We continue to look favorably upon Sands China’s management team, product positioning and strategy focused on Mass market, a strong balance sheet and hefty dividends,” Bernstein analysts said about Sands China and added: “Redevelopment of Sands Cotai Central and upgrades at the Parisian will help boost its high margin Premium Mass business. The long-term (beginning in 2020) growth story from hotel suite capacity expansion and the Londoner redevelopment is evident. Sands China’s valuation look attractive for a stock that consistently trades at a premium to Macau gaming stocks and is now trading well below its historical average.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Macau’s casino companies receive rating upgrade

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