William Grounds Elected To MGM Resorts International Board Of Directors
LAS VEGAS, Feb. 12, 2013
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
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
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
Contact: Investment Community, Daniel D'Arrigo, Executive Vice President, CFO
& Treasurer, +1-702-693-8895, or News Media, Alan M. Feldman, Senior Vice
President of Public Affairs, +1-702- 891-1840, firstname.lastname@example.org
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