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MGM Resorts International Promotes Gamal Aziz to President and CEO of MGM Hospitality

September 16, 2010

LAS VEGAS, Sept. 16 /PRNewswire-FirstCall/ — MGM Resorts International (NYSE: MGM) today announced the promotion of Gamal Aziz to President and Chief Executive Officer of MGM Hospitality.

MGM Hospitality was formed to operate casinos and non-gaming hotels, resorts and residences in key destinations around the world under the brands Bellagio, MGM Grand and Skylofts. Since the launch in 2008, Mr. Aziz has served in dual capacity as head of MGM Hospitality and as President and COO of the MGM Grand Las Vegas.

“The overwhelming response to the globalization of our high-end resort brands has driven the early success of MGM Hospitality and now requires Gamal’s full focus to shepherd this exciting and rapidly expanding global management business,” said Jim Murren, Chairman and CEO of MGM Resorts International.

Mr. Aziz joined MGM Resorts International in 1998 as Senior Vice President at Bellagio and played an integral role in the resort’s opening and early success. In 2001, he was promoted to President and Chief Operating Officer of MGM Grand, where he has overseen a multi-year evolution in the resort’s offerings that has led the property to debut more than 36 major new venues since 2001.

Leading MGM Hospitality, Mr. Aziz has expanded the Company’s luxury hotel brands abroad by entering into 18 signed agreements. Thus far, the announced projects in the development pipeline are in Beijing, Sanya, Chengdu and Tianjin, China; Cairo and Sharm El-Sheikh, Egypt; Abu Dhabi and Dubai, United Arab Emirates; and Ho Tram, Vietnam. MGM Hospitality’s first scheduled opening is the MGM Grand Sanya on Hainan Island, set for 4Q 2011. In addition, the company is currently in active discussions for numerous projects around the world including Australia, Egypt, India, Indonesia, Hong Kong, South Korea, Thailand, Turkey and additional cities in the Middle East and China.

MGM Resorts International (NYSE: MGM) is one of the world’s leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in four other properties in Nevada, Illinois and Macau. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association’s Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company’s commitment to sustainable development and operations. For more information about MGM Resorts International, visit the Company’s Web site at www.mgmresorts.com.

Statements in this release which are not historical facts are “forward looking” statements and “safe harbor statements” within the meaning of Section 21E of the U.S. the Securities Exchange Act of 1934, as amended, and other related laws 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. We have based those forward-looking statements on management’s current expectations and assumptions and not on historical facts. In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise except as required by law.

SOURCE MGM Resorts International


Source: newswire



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