Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  MGM Resorts International    MGM   US5529531015

News SummaryMost relevantAll newsSector news 

MGM Resorts International : William Grounds Elected To MGM Resorts International Board Of Directors

02/12/2013 | 04:35pm US/Eastern

LAS VEGAS, Feb. 12, 2013 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) announced today the Company's Board of Directors has elected William Grounds to serve as a member of its Board of Directors.

Chairman and CEO Jim Murren said, "We welcome Bill Grounds and look forward to working with him as a member of our Board of Directors. Bill has tremendous international development experience. He has demonstrated his strong business background serving as the Las Vegas representative of Infinity World, while working with us during the development and opening phases of our CityCenter joint venture."

Mr. Grounds is a Director and President of Infinity World Development Corp. (Infinity World), an affiliate of Dubai World. He serves as a member of the Board of Directors for CityCenter Holdings, LLC; Infinity World; and Grand Avenue LA. Prior to joining Infinity World, Mr. Grounds served as CEO of Property and Finance for MFS Group and has held various senior positions in the real estate investment and development industry throughout his career.

Infinity World Investments LLC and its affiliates currently own approximately 5.3% of the outstanding common stock of the Company. MGM Resorts and Infinity World each own a 50% interest in CityCenter in Las Vegas.

MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also owns 51% of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is in the process of developing a gaming resort in Cotai, and 50% of CityCenter in Las Vegas, which features ARIA resort and casino. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

Statements in this release that are not historical facts are "forward-looking" statements and "safe harbor statements" under the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the Company's public filings with the Securities and Exchange Commission.

SOURCE MGM Resorts International

React to this article
07/07 MGM RESORTS : selling two Reno casinos to Eldorado Resorts
07/07 MGM RESORTS : Eldorado Resorts and MGM Resorts International Enter into Definiti..
07/01 MGM RESORTS : Show of Force: Las Vegas Vets Turn Out for Annual Career Fair
06/29 CBRE : Beyond Resorts World, big potential remains for development on and around..
06/28 MGM RESORTS : Names Marcus Glover as General Manager of Rivage Resort & Casino
06/25 MGM RESORTS : BRIEF: MGM Springfield now anticipates late 2018 opening
06/25 MGM RESORTS : International Resort & Casino Projects Offer Growth Opportunities ..
06/25 MGM RESORTS : Appoints Marcus Glover as General Manager of Rivage Resort & Casin..
06/24 MGM RESORTS : Veer Towers in Las Vegas Celebrates 250 Sales
06/24 MGM RESORTS : Subsidiary MGM China Holdings Limited Completes Amendment And Exte..