MGM Resorts International (NYSE:MGM) has announced three promotions in its executive’s body.
MGM Resorts International (NYSE:MGM) is the largest gaming and hotel company in the Las Vegas Strip gaming market, it also has more than 40,000 guest rooms and suites on the Strip, which represents nearly 30% of all the guest rooms in the market.
MGM has recently announced that they have made changes in its executive’s body by promoting three of its officials in its Government Affairs, Corporate Communications and Public Relations departments. Jim Murren the Chairman and the CEO of MGM said that the changes made will create demands on an international basis as well as in the U.S. Federal State Legislative and Regulatory levels. The change will also be beneficial in the company’s ongoing interest in its new and diversified markets ranging from North America to Asia.
The promotion as announced are as follows: Alan Feldman has been promoted as the Executive Vice President of Global Government & Industry Affairs, Clark Dumont has been appointed as the Senior Vice President of Corporate Communications and Jenn Michaels has been now hired as the Senior Vice President of Public Relations. Feldman and Dumont will directly report to Murren while Michaels will have to report to Bill Hornbuckle, the President and Chief Marketing Officer of the company.
Murren has said that in the current scenario the integrated resort and casino industry is growing increasingly higher profile across the country and around the world as it is readily is taking up new technologies and is exploring new growth opportunities. He also added that this is a new era for the company and the industry which requires an increased focus on the effective communications with all the stakeholders of the company.
Shares of MGM Resorts International closed at $15.26, down by $0.09 or 0.59% in its previous day’s trading session. The trade volume of 16M shares is greater than the average volume of 10M shares. The stock’s 52 week low is $8.83 and 52 week high is $15.95.