Fritz will oversee company's growth in global
digital gaming
LAS
VEGAS, Oct. 10, 2022 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) announced today the appointment of
Gary Fritz to President of MGM
Resorts Interactive. Fritz will oversee and advance MGM Resorts'
diversification strategy by expanding the Company's digital
platforms organically and through acquisitions. This includes
driving growth and innovation through the company's
industry-leading sports betting and iGaming platform, BetMGM.
"Enhancing and growing our digital businesses is one of MGM
Resorts' top priorities, and Gary is uniquely positioned to help
the Company build on successes and seize new opportunities," said
Bill Hornbuckle, CEO & President
of MGM Resorts International. "Gary will play a vital role in MGM
Resorts' diversification strategy and drive our investment in
digital innovations."
Serving previously as Head of Gaming for IAC, Fritz recently led
MGM Resorts' successful acquisition of LeoVegas, a leading online
global gaming company with access to several jurisdictions
globally. In his new role, Fritz will be responsible for the
company's growth strategies in digital gaming, including both
organic growth and potential M&A activities. Fritz will be a
member of the Company's Executive Committee and he will become a
member of the Board of Directors for BetMGM and Chairman of the
Board of LeoVegas.
"I'm excited to join MGM Resorts and contribute to the company's
success as it looks to accelerate its growth in digital gaming,"
Fritz said. "MGM is the global leader in premium gaming and
entertainment, and I look forward to continuing to drive our
strategy around global expansion and digital innovation."
Previously, Fritz led global strategy and expansion plans for
multinational companies, including IAC, TripAdvisor and Expedia. He
began his career at McKinsey & Company. Fritz holds an M.B.A.
from the Massachusetts Institute of
Technology (MIT) and a
bachelor's degree from the University of
Pennsylvania.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global
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. MGM Resorts creates immersive,
iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts
portfolio encompasses 33 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 U.S.
sports betting and online gaming through market-leading brands,
including BetMGM and partypoker, and the Company's subsidiary,
LeoVegas AB, offers sports betting and online gaming through
market-leading brands in several jurisdictions throughout
Europe. The Company is currently
pursuing targeted expansion in Asia through the integrated resort opportunity
in Japan. Through its "Focused on
What Matters: Embracing Humanity and Protecting the Planet"
philosophy, MGM Resorts commits to creating a more sustainable
future, while striving to make a bigger difference in the lives of
its employees, guests, and in the communities where it operates.
The global employees of MGM Resorts are proud of their company for
being recognized as one of FORTUNE® Magazine's World's Most Admired
Companies®. For more information, please visit us at
www.mgmresorts.com. Please also connect with us @MGMResortsIntl on
Twitter as well as Facebook and Instagram.
Forward-Looking Statements
Statements in this release that are not historical facts are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended, and involve
risks and/or uncertainties, including those described in MGM
Resorts' public filings with the Securities and Exchange
Commission. Forward-looking statements can be identified by the use
of forward-looking terminology such as "believes," "expects,"
"could," "may," "will," "should," "seeks," "likely," "intends,"
"plans," "pro forma," "projects," "estimates" or "anticipates" or
the negative of these words and phrases or similar words or phrases
that are predictions of or indicate future events or trends and
that do not relate solely to historical matters. MGM Resorts has
based forward-looking statements on management's current
expectations and assumptions and not on historical facts. Examples
of these statements include, but are not limited to, MGM Resorts'
expectations regarding MGM's diversification and digital expansion
strategy. These forward-looking statements involve a number of
risks and uncertainties. Among the important factors that could
cause actual results to differ materially from those indicated in
such forward-looking statements include risks related to the timing
and costs of such diversification and expansion projects, the
continued impact of the COVID-19 pandemic on MGM Resorts' business,
the effects of economic conditions and market conditions in the
markets in which MGM Resorts operates and competition with other
destination travel locations throughout the United States and the world, and
additional risks and uncertainties described in MGM Resorts' Form
10-K, Form 10-Q and Form 8-K reports (including all amendments to
those reports). In providing forward-looking statements, MGM
Resorts is not undertaking any duty or obligation to update these
statements publicly as a result of new information, future events
or otherwise, except as required by law. If MGM Resorts updates one
or more forward-looking statements, no inference should be drawn
that it will make additional updates with respect to those other
forward-looking statements.
MGM RESORTS CONTACT:
News Media
KRYSTAL WEBB
Media Relations Manager
media@mgmresorts.com
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SOURCE MGM Resorts International