A new chief executive officer and a reorganized board of directors are among the major leadership changes that Resorts World has announced. With an emphasis on bolstering its position in the competitive gaming and resort industries, the improvements, which were unveiled on December 5, 2024, represent a new chapter for the business.
Jim Murren to Lead New Board
At the helm of the newly established board is Jim Murren, the former chairman and CEO of MGM Resorts. Murren brings with him a wealth of industry experience, having also served as the chairman of the General Commercial Gaming Regulatory Authority (GCGRA) in the United Arab Emirates (UAE). Under his leadership, the board aims to oversee strategic decisions that will guide Resorts World into the future.
Joining Murren on the board are several industry heavyweights. AG Burnett, partner at McDonald Carano and former chair of the Nevada Gaming Control Board (NGCB), brings deep regulatory expertise. Michelle DiTondo, principal at Avion Consulting, and Kong Han Tan, president and COO of Genting Berhad (the parent company of Resorts World), complete the new team. These appointments reinforce Resorts World’s commitment to innovation and regulatory excellence.
In addition to the board reshuffle, Resorts World has named Alex Dixon as its new CEO, effective January 16, 2025. Dixon, a Las Vegas native, previously served as CEO of Q Casino & Resort and the Dubuque Racing Association. With this appointment, Resorts World is positioning itself to push forward with bold strategic goals.
Notably, Murren, Dixon, and DiTondo all share a common history, having worked at MGM Resorts during the late 2010s. Their shared experience provides a unique foundation for collaboration as they work to drive Resorts World’s future success. Genting CEO Kok Thay Lim expressed confidence in the new leadership, saying, “I am confident the new leadership will help drive the company forward in pursuing our strategic goals for years to come.”
Resorts World has experienced financial difficulties in spite of these changes in leadership. Revenue during the third quarter of the year was $177 million, an 18% drop from the previous quarter. In a similar vein, EBITDA fell 68% to $16 million. These numbers show that in order to revive operations and guide the business toward future expansion, fresh leadership is required.
Resorts World is ready for a renewed emphasis on carrying out its strategic plans and attaining long-term success in a cutthroat industry now that it has an experienced executive team in place.
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