Industry News
George Kliavkoff Joins MGM Resorts International As President Of Entertainment And Sports
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
Industry News
Vbet Wins Best Online Casino Operator 2024 at SiGMA Europe 2024
Vbet has been crowned the Best Online Casino Operator 2024 at the highly coveted SiGMA Europe event, cementing its position as a leader in the online gaming industry.
This achievement highlights Vbet’s commitment to providing an exceptional user experience by combining cutting-edge technology with a vast range of options and a secure process. The dedication to creating a responsible, enjoyable environment for players was recognised with this award, making this accolade even more significant. As Vbet continue to expand into new markets, the list of strategic partnerships grows alongside our constant drive to expand its offering. This award serves as a stepping stone on its path to reach more players and set new standards in the industry.
Arman Khachatryan, VBET’s Managing Director, said: “We are incredibly proud to receive the Best Online Casino Operator award at SiGMA Europe 2024. This recognition is a testament to the hard work, passion, and effort of our entire team. Our mission has always been to deliver the highest quality experience in the safest environment possible to our users. This award not only recognizes our dedication to this mission but also motivates us to continue expanding into new markets and territories.”
Industry News
ICE Barcelona to deliver razor-sharp focus on LatAm and evolving Brazilian Market
January’s first edition of ICE Barcelona will feature a programme of content, discussions and C-suite networking curated specifically to meet the needs of the new regulated market in Brazil and the broader opportunities which exist in Latin America.
Living up to its reputation for being the business-to-business event which is at the forefront of industry developments across both regulation and emerging technologies ICE 2025 will feature a three day program which is dedicated to all aspects of the market in Brazil including regulation, compliance and the adoption of new technologies including the use of biometric recognition in relation to age verification and consumer protection.
Announcing the program and confirming ICE Barcelona’s role as the meeting place for international decision-makers and stakeholders, Clarion Gaming Managing Director Stuart Hunter said: “ICE was recently described in trade media as being the most important gaming event on the ‘planet’ and I believe that the show will live-up to that accolade when we welcome the world industry to our new Barcelona home in January.
“Some industry events place a strong emphasis on the past but for ICE our focus is unashamedly on the future. To this end we have been working closely with colleagues and stakeholders in Latin America to ensure that ICE is on the front foot bringing together the lawmakers, regulatory bodies, thought leaders, operators, innovators and technology providers all of whom have an important role to play in developing the market infrastructure.”
He added: “The importance of LatAm will be evident from the very start of ICE Barcelona when Vicente Fox, the former President of Mexicoheadlines the World Regulatory Briefing taking place Monday 20 January when he will address the topic of ‘Regulation and Revitalisation’ and the requirements needed to balance economic growth with community protection.
“A critic of the populist movements sweeping the region, he will outline his business-centric approach to the development of Mexico, and why he favours casinos as a tax benefit to reduce Mexico’s dependence on unpredictable oil income, and for heling to grow the local tourism industry. The keynote reflects the importance of Latin America as a leading voice in the global gambling industry and represents a major coup for ICE Barcelona.”
“The following day we will be staging a seminar which will cover the very latest business-critical information on the market in Brazil which will be supplemented by sessions focussed on Latin America. On the closing day the LatAm sessions will address the key issue of responsible gambling including the ground-breaking use of biometrics which will be of huge interest to regulators and operators from throughout the world.”
He concluded: “In all of the extensive research that we undertake in order to identify the most important issues impacting the business Brazil and Latin America consistently top the list. By attending ICE Barcelona gaming industry professionals will be able to connect with the main players, learn everything they need to know about doing business in Latin America and find the right organisations to collaborate with. For anyone with an interest in Latin America and in particular the Brazilian iGaming market ICE Barcelona is undoubtedly the place to be.”
For more information on the world’s greatest gathering of gaming professionals and to register: icegaming.com
Industry News
FDJ Announces its First Bond Issue
La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, will meet investors over the next days with a view to launching its first bond issue, subject to market conditions.
FDJ recall that, on 7 November, Moody’s assigned the Group a long-term credit rating of Baa1 – stable outlook.
With a total value of €1.5 billion, in 3 tranches with maturity of 6, 9 and 12 years, the bond issue would be used to refinance most of the €2 billion bridging loan, drawn on 7 October to finance the acquisition of Kindred shares for nearly €2.5 billion. The bonds will be listed on the Euronext regulated market in Paris.
Furthermore, FDJ is finalising a €400 million syndicated loan with top-tier French and international banks, which will be repaid over 5 years. This financing is also intended to repay the bridging loan which will be settled with Group’s cash.
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