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April 19, 2014

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MGM appoints new executive for China

MGM Resorts International announced Thursday that it has named William M. Scott IV as its senior resident executive for China.

Scott joined MGM Resorts in 2009 and was promoted to executive vice president of corporate strategy and special counsel in July of 2010. The company said he played a key role in the initial public offering of its Macau business last year and has already begun work in China

MGM says Scott will oversee relations between its teams based in Asia and the U.S. As part of his new job, he will act as MGM Resorts' resident director for MGM China Holdings Ltd., the company's now publicly-traded spinoff that operates the MGM resort in Macau.

Scott will also serve as the resident director of Diaoyutai MGM Hospitality Ltd., the company's joint venture with Diaoyutai State Guesthouse, a specialty compound in China.

MGM Resorts International, based in Las Vegas, operates resorts such as Bellagio, MGM Grand, Mandalay Bay and The Mirage. It has a majority stake in MGM China Holdings Ltd.

Shares of the company rose 39 cents, nearly 3 percent, to $13.74 in afternoon trading after a day-long climb. Its shares have traded between $7.40 and $16.05 in the past 52 weeks.

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