GGRAsia – Ex-CLSA analyst Aaron Fischer joins MGM Resorts

Ex-CLSA analyst Aaron Fischer joins MGM Resorts

Nov 16, 2016 Newsdesk Industry Talk, Latest News

Las Vegas-based casino operator MGM Resorts International announced on Monday the appointment of Aaron Fischer (pictured) as senior vice president of corporate development.

The company said Mr Fischer would “assist in the development and strategic planning of integrated resorts in North America and Asia”. He will work from the MGM Resorts offices in Hong Kong, the firm said.

Mr Fischer was head of consumer and gaming research at CLSA, a brokerage and investment group based in Hong Kong. During his 17 years as an equity analyst he specialised in emerging gaming markets – including Macau and Japan – and the global luxury goods sector.

“We are very excited to have Aaron on our team,” said Jim Murren, chairman and chief executive of MGM Resorts. “He is uniquely qualified to help MGM Resorts International access potential market opportunities domestically and particularly in Asia,” Mr Murren added.

The MGM Resorts CEO said earlier this month that the company is willing to invest up to US$9.5 billion in Japan if casino gambling is legalised there. MGM Resorts is the parent company of Macau-based MGM China Holdings Ltd.

Commenting on the appointment, MGM Resorts president Bill Hornbuckle said: “We see the addition of his [Mr Fischer’s] insights and unique background in research, finance and the Asian gaming industry to be of great benefit as we continue to build our global strategy.”