MGM Resorts CEO Sees Las Vegas Convention Rebound Next Quarter

Las Vegas convention bookings will rebound to peak 2007 levels in the first quarter of next year, as audience attendance increases, MGM Resorts International Chief Executive Officer Jim Murren forecast today.

Room bookings at MGM Resorts, the largest casino operator on the Las Vegas Strip, suggest a “tremendous” January through March for all Strip hotels, Murren said in an interview in New York. The rise comes from stronger attendance at events including the Consumer Electronics Show, in January, and the return of Conexpo-Con/Agg, the construction industry convention and exhibition held every three years in March, he said.