LAS VEGAS, Jan. 6, 2021 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) ("MGM Resorts" or "the Company") today
announced Jonathan Halkyard will
become Chief Financial Officer for the global gaming, hospitality
and entertainment organization. Halkyard is a senior corporate
executive who spent 13 years in leadership roles at Caesars
Entertainment and was more recently the President and Chief
Executive Officer of Extended Stay America, Inc. and ESH
Hospitality, its paired-share REIT. He will report to Bill Hornbuckle, President and CEO, and succeeds
Corey Sanders, who was recently
appointed Chief Operating Officer of the Company.
"Jonathan brings the right mix of financial discipline, investor
acumen, operating experience and seasoned corporate leadership to
MGM Resorts at a vital time in our evolution," said Hornbuckle.
"His passion for hospitality, considerable experience in gaming,
previous stewardship of strong balance sheets and investor
credibility make him an excellent choice to complement our strong
and committed leadership team."
As Chief Financial Officer, Halkyard will be a member of the
senior management team and have responsibility for all financial
activities across MGM Resorts' extensive domestic and international
portfolio, as well as Investor Relations, Accounting, Treasury,
Procurement and Tax.
"On behalf of the MGM Board of Directors, I am delighted to
welcome Jonathan to MGM Resorts," said Paul
Salem, Chairman of the Board. "We look forward to working
with Jonathan to drive continued focus on disciplined execution of
our strategic business plan, our long-term recovery from the
COVID-19 pandemic and future growth and development."
"After a career largely spent in hospitality and gaming, I am
excited and proud to become part of the senior leadership team at
one of the world's most iconic gaming, hospitality and
entertainment destination brands," said Halkyard. "We face the
greatest challenges to corporate management in recent history and I
am eager to get to work and continue the fine legacy of executive
management at MGM Resorts."
Throughout his career as a corporate executive with public
company experience, Halkyard has held positions as CFO, COO and
more recently CEO, in the gaming, hospitality and energy sectors.
Halkyard joined Caesars Entertainment (formerly Harrah's
Entertainment) in a finance role at Harrah's Lake Tahoe. He held various finance and
operating positions during his tenure with Caesars, including
numerous property general manager and corporate roles, such as Vice
President, Treasurer, Senior Vice President and Executive Vice
President. He became Chief Financial Officer in 2006 and
subsequently led the M&A charge for Horseshoe Gaming, WSOP,
Caesars Entertainment and London Clubs International. He was part
of the leadership team that oversaw the $30
billion sale of Caesars Entertainment to TPG and Apollo and
drove over $200 million of savings
post-closing.
In 2013, Halkyard joined Extended Stay America as Chief
Operating Officer, where he initially focused on streamlining
operations across 680 properties. In 2014, he was named interim CFO
and in 2015 became CFO. He was appointed CEO in 2017. From 2012 to
2013, Halkyard served as EVP and CFO of NV Energy, a holding
company providing energy services and products in Nevada, and its wholly owned subsidiaries,
Nevada Power Company and Sierra Pacific Power Company.
Halkyard is a Director of Dave & Buster's Entertainment,
Director of Shift4 Payments, Inc. and is a Trustee of the
International Center for Responsible Gaming. He holds his M.B.A.
from Harvard University and his B.A.
from Colgate University.
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 29 unique hotel and destination gaming
offerings in the United States and
Macau, including some of the most
recognizable resort brands in the industry such as Bellagio, MGM
Grand, ARIA and Park MGM. The Company's 50/50 venture, BetMGM, LLC,
offers U.S. sports betting and online gaming through market-leading
brands, including BetMGM and partypoker. 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"
initiative, 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.
Statements in this release that are not historical facts are
"forward-looking" statements and "safe harbor statements" that
involve risks and/or uncertainties, including those described in
the Company's public filings with the SEC. The Company 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, statements we make
regarding the Company's ability to execute on its strategic plan
and future growth and development opportunities. 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 the continued impact of the
COVID-19 pandemic on the Company's business, the general economic
conditions and market conditions in the markets in which the
Company operates and competition with other destination travel
locations throughout the United
States and the world, the design, timing and costs of
expansion projects, risks relating to international operations,
permits, licenses, financings, approvals and other contingencies in
connection with growth in new or existing jurisdictions and
additional risks and uncertainties described in the Company's Form
10-K, Form 10-Q and Form 8-K reports (including all amendments to
those reports). In providing forward-looking statements, the
Company 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 the Company 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.
CONTACTS:
|
Investment
Community
|
News
Media
|
CATHERINE
PARK
|
BRIAN
AHERN
|
Executive
Director, Investor Relations
|
Director of Media
Relations
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cpark@mgmresorts.com
|
media@mgmresorts.com
|
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SOURCE MGM Resorts International