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MGM Resorts: COO Sanders to shift to role as S SRI advisor to CEO
ByAinvest
Friday, Sep 5, 2025 9:16 am ET1min read
MGM Resorts: COO Sanders to shift to role as S SRI advisor to CEO
September 02, 2025 - In a strategic move aimed at bolstering its corporate governance and leadership structure, MGM Resorts International (MGM) has announced that its current COO, David Sanders, will be stepping down from his position to take on a new role as an advisor to the CEO. This shift comes amidst a period of significant growth and transformation for the company, particularly in its digital and online sports betting ventures.Sanders' departure as COO is a notable development, given his extensive tenure and contributions to the company. His new role as an advisor to CEO James Murren will allow him to continue providing strategic guidance and insights from his extensive experience in the industry. This move is part of a broader effort by MGM to streamline its leadership and ensure continuity in its strategic vision.
The decision to appoint Sanders as an advisor to the CEO follows a period of robust financial performance for MGM. In its latest earnings report, the company reported a strong second-quarter performance, with earnings and revenues beating the Zacks Consensus Estimate. The BetMGM venture, Regional Operations, and MGM China all contributed significantly to the company's financial results, with the BetMGM venture specifically showing progress toward its $500 million EBITDA goal [2].
The appointment of Sanders as an advisor to the CEO is seen as a way to leverage his expertise and experience to support the company's ongoing growth and strategic initiatives. This move is particularly significant given the company's ambitions in the online sports betting sector, where BetMGM is making strides in a highly competitive market.
For investors, this shift in leadership is a sign of the company's commitment to strategic planning and long-term growth. As MGM continues to navigate the challenges and opportunities presented by the evolving online sports betting landscape, the appointment of Sanders as an advisor to the CEO underscores the company's dedication to maintaining a strong leadership team.
References:
[1] https://www.ainvest.com/news/evaluating-betmgm-strategic-rebranding-promotional-aggression-catalyst-growth-competitive-online-sports-betting-sector-2509/
[2] https://www.nasdaq.com/articles/why-mgm-mgm-86-last-earnings-report
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