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Yemenidjian resigns to pursue other gaming projects

Wednesday, June 8, 2005 | 9:25 a.m.

MGM Mirage Director Alex Yemenidjian has resigned from the company's board with plans "to explore other opportunities in the gaming industry."

In a statement, MGM Mirage Chairman and Chief Executive Terry Lanni said the company will "miss Alex's wealth of experience and wise counsel" but said the industry "will be stronger when he resumes his active involvement."

Yemenidjian is the former chairman and chief executive of movie studio Metro-Goldwyn-Mayer Inc., which was recently sold to a consortium led by Sony Corp. of America. He is also the former president and chief operating officer of MGM Grand, the company that bought Mirage Resorts and became MGM Mirage.

"I am leaving MGM Mirage with a sense of sadness, as so much of my heart and history are tied up with this company," Yemenidjian said.

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