MGM Resorts COO Corey Sanders to retire
The chief operating officer will leave the company after more than 30 years of service.
US.- MGM Resorts International has announced that Corey Sanders, its chief operating officer (COO), will retire from the company after more than 30 years of service. He will serve as COO through December 31, 2025, and as an advisor to the president and CEO through December 31, 2026. The company plans to name a new COO later this month.
As COO, Sanders oversees the company’s Las Vegas and regional properties as well as multiple corporate departments, including hospitality, gaming, human resources and strategic initiatives. He previously served as the company’s chief financial officer and treasurer.
He has also worked as executive vice president of operations for MGM MIRAGE, executive vice president and CFO for MGM Grand Resorts, executive vice president and CFO for MGM Grand and assistant vice president of corporate finance and tax director for MGM Grand.
Bill Hornbuckle, president and CEO at MGM Resorts, said: “It’s impossible to overstate what Corey has meant to this company over the last 30-plus years. He has been a constant presence, providing foundational leadership for all the key moments that have defined our history – from our acquisitions of Mirage Group and Mandalay Resort Group to our regional property openings and expansions like Springfield, National Harbor, Empire City and Borgata.
“More importantly, Corey helped us put all the different pieces together to create one company and one culture. As a leader and as a person, Corey understood the importance of caring for employees and treating people with respect. He will be deeply missed.”
Earlier this year, MGM Resorts named Ryan Abboushi as president of entertainment. He oversees the company’s unified programming and operations strategy. The company also appointed Dame Donna Langley, chairman of NBCUniversal Entertainment & Studios, to the company’s board of directors. Langley became the 13th member of the board.
MGM Resorts International revenue increases in Q2
MGM Resorts recently reported financial results for the second quarter ended June 30. Consolidated net revenue was $4.4bn, up 2 per cent from the prior year quarter, due primarily to an increase in net revenues at MGM China and regional operations.
Net income totalled $49m compared to $187m in the prior-year quarter, and consolidated adjusted EBITDA was $648m, up from $635m. The Las Vegas Strip resorts’ net revenue was $2.1bn, down 4 per cent due to the impact of a room remodel and a decline in table games hold at MGM Grand Las Vegas.
