MGM RESORTS PROMOTES ARI KASTRATI TO CHIEF CONTENT, HOSPITALITY AND DEVELOPMENT OFFICER

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MGM Resorts International has promoted Ari Kastrati to Chief Content, Hospitality and Development Officer, effective immediately. In his expanded role, Kastrati will oversee global design and development efforts, sports and entertainment partnerships, while continuing to drive the company's hospitality strategy, including food and beverage and nightlife concepts. He will also lead lifestyle, retail, leasing, and arts divisions, reporting directly to CEO Bill Hornbuckle.

Kastrati, who joined MGM Resorts in 2010, previously served as Chief Hospitality Officer and has over 25 years of industry experience. He has been important in developing the company's portfolio of dining and nightlife destinations and will now play a larger role in MGM's expansion into luxury destinations globally.

Positive

• Executive promotion indicates internal stability and succession planning
• Consolidation of key strategic roles under single leadership suggests operational efficiency
• Expansion of luxury destinations indicates growth strategy

Negative

• None.

LAS VEGAS, Dec. 5, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced the promotion of Ari Kastrati to Chief Content, Hospitality and Development Officer, effective immediately. In his new role, Kastrati will oversee the Company's global design and development efforts and sports and entertainment partnerships. He also will continue to drive the Company's hospitality strategy, including the development of food and beverage and nightlife concepts, and lead the Company's lifestyle, retail, leasing, and arts divisions. He will report to MGM Resorts CEO & President Bill Hornbuckle and serve on the Company's Executive Committee. 

"Ari has long played an integral role in making MGM Resorts the world's premier gaming entertainment Company," said Hornbuckle. "He has a keen sense of what consumers want, and what is cutting edge in global luxury and entertainment. His expertise will be essential as our Company continues to develop marquee experiences in Las Vegas and beyond and create unparalleled resorts with world-class design in some of the world's pre-eminent gaming markets."

Kastrati joined MGM Resorts in 2010 and most recently served as Chief Hospitality Officer, where he oversaw the Company's Hospitality Center of Excellence, and has been instrumental in developing a leading portfolio of dining and nightlife destinations. Kastrati worked at several premium hospitality companies before joining MGM Resorts and has more than 25 years of experience in the industry.

"MGM Resorts is continuing to extend into some of the world's most exciting luxury destinations, and I am thrilled to play a bigger role in our growth," said Kastrati. "It's an honor to not just grow within the Company but serve in an expanded leadership role, and I look forward to helping the company redefine the gaming entertainment experience for our guests, in Las Vegas and globally."

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and 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 31 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 the Company's 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. 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, the Company's expectations regarding the execution of its gaming and entertainment strategy. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the transaction or other events described herein will happen as described (or that they will happen at all). 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 economic 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.

CONTACT: media@mgmresorts.com

 

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SOURCE MGM Resorts International

FAQ

What is Ari Kastrati's new role at MGM Resorts (MGM)?

Ari Kastrati has been promoted to Chief Content, Hospitality and Development Officer at MGM Resorts, overseeing global design, development, sports and entertainment partnerships, hospitality strategy, and leading lifestyle, retail, leasing, and arts divisions.

When did Ari Kastrati join MGM Resorts (MGM)?

Ari Kastrati joined MGM Resorts in 2010 and most recently served as Chief Hospitality Officer before his promotion.

What will Ari Kastrati oversee in his new position at MGM Resorts (MGM)?

In his new role, Kastrati will oversee MGM's global design and development efforts, sports and entertainment partnerships, hospitality strategy, food and beverage concepts, nightlife, and lead the company's lifestyle, retail, leasing, and arts divisions.