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NEWS 22 February 2019

MGM Resorts CFO resigns as company looks to cut costs

By Nathan Joyes

MGM Resorts International has announced Chief Financial Officer Dan D’Arrigo has resigned from his position.

D’Arrigo spent more than two decades with the casino operator but has chosen to leave his post and take advantage of the resignation programme offered through the company’s MGM 2020 cost-cutting scheme.

He will continue to work for the company in an advisory role for the next month.

MGM Resorts Chief Operating Officer (COO) Corey Sanders will be appointed as D’Arrigo’s replacement, while Bill Hornbuckle will extend his current role to include that of being COO, as well as keeping the role of President.

Last week, MGM Resorts officially opened its $3.4bn MGM Cotai resort in Macau.

MGM Resorts International Chairman and CEO Jim Murren said: “Dan has shown great leadership and is leaving us with an exemplary set of professionals who will support Corey in his new role. Dan’s contributions to our organisation have been invaluable.”

RELATED TAGS: Mergers & Acquisitions
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