IAG DECEMBER 2016 WEB - page 43

Chairman and CEO JimMurren. “He is uniquely qualified to help
MGM Resorts International access potential market opportunities
domestically and particularly in Asia. Someone with his extensive
experience will be a tremendous asset as we continue our global
strategic planning.”
Fischer most recently served as the Head of Consumer and
Gaming research at CLSA, a boutique brokerage and investment
groupbased inHongKong.Duringhis 17 yearsasanequity analyst
hespecialized inMacau, Japanandotheremerginggamingmarkets
aswell as theglobal luxurygoods industry.Hewasalsooneof
specialist panelmembers to select this year’sAsianGamingPower
50 inSeptember.
Fischerwillworkout of theMGMResortsoffices inHongKong.
Queenslandto look intoregional IR
“In terms of data, we would point to Sands China, which
noted premium mass GGR grew 16% in 3Q16, the first year-
on-year growth since 3Q14. At the same time, the delta
between the DICJ and operator-reported mass data widened
this quarter, which could also be suggestive of an improving
AaronFischer joinsMGMResorts
MGMResorts has announced the appointment of veteran gaming
and retail analyst Aaron Fischer as the company’s new Senior Vice
President of CorporateDevelopment.
In a press release sent out during November’s MGS
Entertainment Show in Macau, MGM Resorts said that Fischer
would assist the company and its affiliates in the development and
strategic planningof integrated resorts inNorthAmerica andAsia.
“We are very excited to have Aaron on our team,” said
Queensland government officials have begun preliminary
discussionsover thepossibleapproval of anew integrated resort in
oneof the state’s regional hubs.
Just three months after Tony Fung’s proposed Aquis
development near Cairns was knocked on the head, a specially
appointed group has started meeting with local governments, IR
operators and property developers to determine how and where
such adevelopmentmight work.
Cairns, Townsville, Mackay, Rockhampton and the Gold Coast
are among the regions being considered.
The researchgroupwillpresent theirfindings to thegovernment
next year which, if approved, would then see the proposal put out
to tender.
Despite the failure of Aquis to follow through, a regional IR
is seen by Queensland’s government as a means of increasing
international tourism to the Australian state. It also follows the
approval of Brisbane’s Queen’s Wharf development, due for
completion in 2022.
“My Department of State Development has begun preliminary
research todetermine if there isgenuine interest in themarketplace
in another regional integrated resort development,” said State
DevelopmentMinisterDr Anthony Lynham. “They have prepared a
participant’spackagewhichprovidesanoverviewof theopportunity
andGovernment parameters.
“The participants will include casino and hotel operators,
property developers, construction firms and financiers who have
expressed interest in the past or who aremajor players in sectors
relevant to IRDdelivery andoperation.
“Asmany as 12 different groups over the past 18months have
declared an interest.”
1...,33,34,35,36,37,38,39,40,41,42 44,45,46,47,48
Powered by FlippingBook