LAS VEGAS, Jan. 12, 2017 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) (the "Company") today announced it has
appointed John B. Kilroy, Jr. to the
Company's Board of Directors, which is now comprised of 12
members.
Mr. Kilroy is the Chairman, President and CEO of Kilroy Realty
Corporation, one of the largest, vertically integrated REITs on the
West Coast, whose portfolio spans some of the strongest, most
desirable markets in the U.S. Widely recognized as an industry
leader and innovator, Mr. Kilroy serves on the Advisory Board of
Governors for the National Association of Real Estate Investment
Trusts®, or NAREIT®, and the Policy Advisory
Board for the Fisher Center for Real Estate and Urban Economics at
the University of California,
Berkeley.
"Mr. Kilroy's substantial experience encompasses commercial real
estate development, acquisitions, construction, leasing, and
financing. His distinguished knowledge of real estate, strong
business acumen, public company experience and proven track record
toward creating shareholder value by creating environments that
attract innovators in technology and media, will bring a unique and
complementary perspective to our Company and our shareholders,"
said Jim Murren, Chairman and Chief
Executive Officer of MGM Resorts. "We are very pleased to welcome
John to MGM Resorts and look forward to his contribution to our
diverse, global operations."
Through Mr. Kilroy's leadership, Kilroy Realty has become the
preeminent provider of modern work environments for some of the
most prestigious and dynamic companies in the world. Kilroy
Realty's innovative design and development of properties on the
West Coast delivers enduring value to the communities in which it
operates.
Mr. Kilroy was elected to serve as Kilroy Realty's Chairman of
the Board in February 2013 after
previously serving as a director since 1996 and has been President
and Chief Executive Officer since its incorporation in September 1996. Previously, he served as
President of Kilroy Industries, the predecessor to Kilroy Realty
Corporation, since 1981 and its Chief Executive Officer since 1991.
Over the past five years, under Mr. Kilroy's leadership, Kilroy
Realty Corporation generated a total shareholder return of
approximately 110%.i
Mr. Kilroy is a past trustee of the Viewpoint School, Jefferson
Center for Character Education, and the National Fitness
Foundation. He was also a member of the San Francisco America's Cup
Organizing Committee. Mr. Kilroy has won various industry awards
including 2016 E&Y Greater LA Entrepreneur of the Year
Award.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts
International (NYSE: MGM) is one of the world's leading global
hospitality companies, operating a portfolio of destination resort
brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
The Company opened MGM National Harbor in Maryland on
December 8, 2016, and is in the
process of developing MGM Springfield in Massachusetts. MGM
Resorts controls and holds a 76 percent economic interest in the
operating partnership of MGM Growth Properties LLC (NYSE: MGP), a
premier triple-net lease real estate investment trust engaged in
the acquisition, ownership and leasing of large-scale destination
entertainment and leisure resorts. The Company also owns 56 percent
of MGM China Holdings Limited (SEHK: 2282), which owns
MGM MACAU and is developing MGM COTAI, and 50 percent of
CityCenter in Las Vegas, which features ARIA Resort &
Casino. MGM Resorts is named among FORTUNE® Magazine's 2016 list of
World's Most Admired Companies®. For more information about MGM
Resorts International, visit the Company's website
at www.mgmresorts.com.
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. The Company has based
these statements on management's current expectations and
assumptions and not on historical facts. A number of important
factors could cause actual results to differ materially from those
indicated in such forward-looking statements, including effects of
economic conditions and market conditions in the markets in which
the Company operates, competition with other destination travel
locations throughout the United
States and the world, the design, timing and costs of
expansion projects, and 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) filed with the Securities and Exchange Commission.
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.
i TSR as of 1/11/17.
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SOURCE MGM Resorts International