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 CET

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
11/23 MGM RESORTS INTERNATIONAL : Launches Major Upgrade to Convention Wi-Fi
11/22 REPORT : MGM Resorts Chief Doesn't Mention Bridgeport In Casino Development Stra..
11/21 S&P 500 ANALYST MOVES : Mgm
11/21 MGM RESORTS INTERNATIONAL : Sobrevivientes de masacre en Las Vegas creen que alg..
11/20 MGM RESORTS INTERNATIONAL : Attorneys filing Vegas shooting lawsuits with 450 pl..
11/16 MGM RESORTS INTERNATIONAL : Fried appetizers have become a fast favorite at the ..
11/16 MGM RESORTS INTERNATIONAL : 14 demandas más presentadas por tiroteo masivo en La..
11/15 MGM RESORTS INTERNATIONAL : likely to focus on Strip remodels rather than new U...
11/15 MGM RESORTS INTERNATIONAL : For Sixth Consecutive Year, Human Rights Campaign Na..
11/14 MGM RESORTS INTERNATIONAL : For Sixth Consecutive Year, Human Rights Campaign Na..
More news
News from SeekingAlpha
11/23 Tracking Larry Robbins' Glenview Capital Management Portfolio - Q3 2017 Updat..
11/22 Goldman adds 10 to hedge fund VIP list
11/21 Best Bets If The U.S. Supreme Court Green-Lights Sports Betting
11/17 Tracking George Soros's Portfolio - Q3 2017 Update
11/16 MGM Resorts ends development cycle