MGM Resorts International (NYSE: MGM) has announced the retirement of Corey Sanders, the Chief Operating Officer, after more than 30 years of dedicated service and leadership. Sanders has agreed to remain COO through December 31, 2025, and to serve as an advisor to the President and CEO through December 31, 2026. The company intends to name a new COO to serve as Sanders's successor later this month.
Sanders is currently overseeing the company's Las Vegas and regional properties as well as multiple corporate departments, including hospitality, gaming, human resources, and strategic initiatives.
MGM Resorts International is an S&P 500® global gaming and entertainment company with national and international locations, featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife, and retail offerings.
The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker.
The company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and the communities where it operates.
As a journalist, it's important to delve into the financial and operational metrics of MGM Resorts International in the upcoming period to analyze the impact of Sanders's retirement and the appointment of a new COO on the company's performance. As a result of these announcements, the company's shares have moved -2.83% on the market, and are now trading at a price of $37.03. Check out the company's full 8-K submission here.
