Alex Yemenidjian Resigns From MGM MIRAGE Board to Pursue Other Opportunities
08 Junho 2005 - 10:30AM
PR Newswire (US)
Alex Yemenidjian Resigns From MGM MIRAGE Board to Pursue Other
Opportunities LAS VEGAS, June 8 /PRNewswire-FirstCall/ -- MGM
MIRAGE (NYSE:MGM) announced that long-time director and former
President and Chief Operating Officer, Alex Yemenidjian, has
resigned from its Board of Directors and Executive Committee to
pursue other opportunities. Mr. Yemenidjian, former Chairman and
Chief Executive Officer of movie studio Metro-Goldwyn-Mayer Inc.,
recently completed the sale of that company to a consortium led by
Sony Corporation of America. Mr. Yemenidjian stated, "I am leaving
MGM MIRAGE with a sense of sadness, as so much of my heart and
history are tied up with this company. However, with the sale of
Metro-Goldwyn-Mayer successfully concluded, I would like to be free
to explore other opportunities in the gaming industry." Terry
Lanni, MGM MIRAGE's Chairman and Chief Executive Officer said, "All
of us will miss Alex's wealth of experience and wise counsel, but
we understand and respect his decision. He will always be a friend,
and the industry will be stronger when he resumes his active
involvement." MGM MIRAGE (NYSE:MGM), the world's leading and most
respected hotel and gaming company, owns and operates 24 properties
located in Nevada, Mississippi and Michigan, and has investments in
three other properties in Nevada, New Jersey, and the United
Kingdom. MGM MIRAGE has also announced plans to develop Project
CityCenter, a multi-billion dollar mixed-use urban development
project in the heart of Las Vegas, and has a 50 percent interest in
the MGM Grand Macau hotel/casino under construction in Macau S.A.R.
MGM MIRAGE supports responsible gaming and has implemented the
American Gaming Association's Code of Conduct for Responsible
Gaming at its properties. MGM MIRAGE also has been the recipient of
numerous awards and recognitions for its industry-leading Diversity
Initiative and its community philanthropy programs. For more
information about MGM MIRAGE, please visit the company's website at
http://www.mgmmirage.com/. Statements in this release which are not
historical facts are "forward looking" statements and "safe harbor
statements" Under the Private Securities Litigation Reform Act of
1995 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. DATASOURCE: MGM MIRAGE
CONTACT: Investment Community, James J. Murren, President, Chief
Financial Officer & Treasurer, +1-702-693-8877, or Media, Alan
M. Feldman, Senior Vice President, Public Affairs, +1-702-891-7147,
both of MGM MIRAGE Web site: http://www.mgmmirage.com/
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