MGM Resorts CEO Jim Murren Plans to Step Down

The video discusses the stepping down of CEO Jim Barnes, who has been with the company since 1998. It highlights the pressure from activist investors and the company's shift to an asset-light strategy. The impact of the coronavirus on casino operations, particularly in Macau and Las Vegas, is also covered. The video concludes with a discussion on the future challenges for the new CEO, as the company transitions to a brand licensor model.

What was one of the main reasons for the CEO's transition?

• Personal health issues

• Pressure from activist investors

• Desire to retire

• Company's financial success

How long were the casinos in Macau closed due to the coronavirus?

• 20 days

• 15 days

• 10 days

• 5 days

What financial impact did the closure of casinos in Macau have on Wynn Resorts?

• They broke even

• They lost $2.5 million a day

• They gained $1 million a day

• They lost $1 million a day

What major change did the outgoing CEO implement in the company's strategy?

• Focusing solely on Las Vegas

• Becoming a licensor of its brand

• Expanding into new markets

• Acquiring more real estate

What is one of the challenges the new CEO will face?

• Continuing the asset-light strategy

• Reducing the number of casinos

• Managing a large real estate portfolio

• Expanding into the European market