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George Kliavkoff Joins MGM Resorts International As President Of Entertainment And Sports

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George Kliavkoff Joins MGM Resorts International As President Of Entertainment And SportsReading Time: 3 minutes

 

Kliavkoff to lead company’s evolving role within the sports and entertainment marketplace
Longtime Entertainment Executive Richard Sturm to form Entertainment Consulting firm to work exclusively with MGM Resorts

 

MGM Resorts International (NYSE: MGM) (“MGM Resorts”) announced that George Kliavkoff has joined the company as President of Entertainment and Sports. Kliavkoff will drive MGM Resorts’ entertainment and sports operations and develop and maintain partnerships within the industry.

In his new role, Kliavkoff is responsible for the operations, finance, strategy, booking, marketing, sponsorships and ticketing for MGM Resorts‘ more than 30 theaters, showrooms and arenas, including T-Mobile Arena (home of the NHL Vegas Golden Knights), MGM Grand Garden, Mandalay Bay Events Center, the Mandalay Bay Beach, Park Theater, the Theater at MGM National Harbor and the MassMutual Center at MGM Springfield. Kliavkoff will be based in Las Vegas and report to MGM Resorts President Bill Hornbuckle.

MGM Resorts is one of the largest live events companies in the world, with offerings that include six Cirque du Soleil shows, hundreds of A-list concerts, magic and comedy shows every year, eSports, and traditional sporting events including boxing, UFC, rodeo, and MGM’s WNBA team, the Las Vegas Aces.

“George is joining our company at an exciting time and will play a key role as we both build on existing successful partnerships as well as continue to expand our industry-leading sports and entertainment offerings,” Hornbuckle said. “His innovative approach and knowledge in the entertainment and digital world will strengthen our reputation as a company that provides world-class experiences for our guests to enjoy.”

Hornbuckle also announced that MGM Resorts was thrilled to be able to continue its important business relationship with Richard Sturm, the company’s long-serving President of Entertainment and Sports, by securing an exclusive three-year consulting agreement with Sturm’s new company, Las Vegas Live Entertainment and Sports. As part of that agreement, Sturm will continue to personally provide invaluable business advice and oversee key relationships for the company.

“Richard is an icon in the Las Vegas sports and entertainment world and we are thrilled to continue his relationship with the MGM Resorts family. Many of the city’s most exciting and successful events over the last two decades can be attributed to Richard’s relationships and deep industry knowledge,” Hornbuckle said.

Kliavkoff joins MGM Resorts with more than 20 years of experience leading media and entertainment strategies. He most recently served as the CEO of Jaunt Inc., an augmented and virtual reality start-up that worked with clients like NFL, NBA, MLB, Manchester United, Uber, Disney and other leading companies to develop immersive content technologies. He previously served in executive roles with top media companies, including serving as Co-President at Hearst Entertainment & Syndication, Chief Digital Officer at NBC Universal and Executive Vice President of Business for Major League Baseball Advanced Media.

Kliavkoff holds a bachelor’s degree in communications from Boston University and a Juris Doctorate from the University of Virginia School of Law.

 

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®.

Source: MGM Resorts International

Source: Latest News at European Gaming Media

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars EntertainmentReading Time: 2 minutes

 

Eldorado Resorts and Caesars Entertainment jointly announced a proposed transaction to combine the two corporations, pending shareholder and regulatory approvals. The deal is to be based on $7.2 billion of new debt financing and $500 million of cuts and other “synergies.” UNITE HERE, the hospitality workers union, represents approximately 25,000 workers at Caesars and Eldorado properties.

UNITE HERE-represented union casinos accounted for approximately 68% of the pro forma $30 billion combined Caesars-Eldorado EBITDAR in 2018. These 22 UNITE HERE union casinos altogether include over 50% of the combined company’s total hotel rooms, over 30% of its total slots, and nearly 40% of its total table games. UNITE HERE locals are currently in contract negotiations with Eldorado at Circus Circus Reno and Isle Pompano Beach. Contracts at six additional UNITE HERE union casinos in the combined Caesars and Eldorado portfolio will expire in 2020, including four properties in Atlantic City.

UNITE HERE issued the following statement from President D. Taylor:

“UNITE HERE has had a positive relationship with Caesars Entertainment over the years, and 25,000 union members have been excited to help the company reinvest and rebuild as it recovers from the disastrous leveraged buyout led by Apollo and TPG. It is in this context that we approach the proposed sale of the company with great concern.

Yesterday, Eldorado announced cost-savings of $500 million in the first year of the combined company. Where are they going to cut? We will not stand by idly if the proposed Caesars-Eldorado transaction will lead to significant job losses, worse wages and benefits for our members, and lower state gaming tax receipts in the many communities where members we represent work and live. Casinos operating under privileged licenses are meant to create significant benefits for host communities, including family-sustaining jobs and local government funding based on gaming taxes.

We will support changes at Caesars that preserve the company’s long-term financial health and provide a sustainable path to good jobs in vibrant gaming markets across the country.”

2018, 7,700 UNITE HERE members went on a multi-city strike at Marriott hotels across the United States and won historic settlements in Boston, Detroit, San Francisco, San Jose, Oakland, San Diego, and Hawaii.

UNITE HERE represents over 300,000 hospitality workers in gaming, hotel, and food service industries in North America and provides analysis from the perspective of those who work in these industries.

 

Source: UNITE HERE

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UK NHS to Open Gambling Clinic for Children

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The UK’s NHS is going to open its first gambling clinic for children.

According to the Gambling Commission, there are 55,000 children classed as having a gambling problem in Britain. The Commission also found that a total of 450,000 are gambling regularly.

“This action shows just how seriously the NHS takes the threat of gambling addiction, even in young people. The links between problem gambling and stress, depression and mental health problems are growing and there are too many stories of lives lost and families destroyed,” Simon Stevens, the NHS England chief executive said.

The move was welcomed by Carolyn Harris, the Labour MP for Swansea East, who said attitudes around problem gambling was at last shifting. “For too long the industry has dismissed problem gambling but now is the time for polluters to pay,” she said.

“The clinic will open as part of a new network of services for addicts being rolled out as part of the NHS Long Term Plan. Specialist face-to-face NHS treatment for gambling addiction has only been available in London but is being made available across the country as part of the new strategy,” NHS England said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UK NHS to Open Gambling Clinic for Children

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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