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

4-Traders Homepage  >  Equities  >  Nyse  >  MGM Resorts International    MGM

News SummaryMost relevantAll newsSector newsTweets

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

share with twitter share with LinkedIn share with facebook
share via e-mail
02/12/2013 | 10:35pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
09/22 MGM RESORTS INTERNATIONAL : Executive Bill Boasberg Named President & COO of Bea..
09/22 MGM RESORTS INTERNATIONAL : Beau Rivage names new president with Gulf Coast root..
09/21 MGM RESORTS INTERNATIONAL (NYSE : MGM) Files An 8-K Entry into a Material Defini..
09/21 MGM RESORTS INTERNATIONAL : Entry into a Material Definitive Agreement, Creation..
09/21 MGM GROWTH PROPERTIES LLC : Announces Closing Of Public Offering Of Class A Shar..
09/21 MGM RESORTS INTERNATIONAL : Announces Stock Purchase Agreement With Tracinda Cor..
09/21 MGM RESORTS INTERNATIONAL : Osten calls MGM Resorts' bluff over Bridgeport casin..
09/19 DAN HAAR : MGM Bridgeport Casino Solves A Lot Of Problems
09/19 MGM RESORTS INTERNATIONAL : Launches First Corporate Brand Campaign; 'Welcome to..
09/19 MGM RESORTS INTERNATIONAL : Planning New Resort Casino For Bridgeport
More news
News from SeekingAlpha
09/22 WALL STREET BREAKFAST : North Korea Talks Hydrogen Bomb
09/22 Macau looks for Golden Week pop
09/21 Deutsche Bank sees strong Golden Week for Macau
09/19 Casino sector catches some bids
09/15 Strong month for online gambling in New Jersey