Global casino developer MGM Resorts International has appointed Mark Strawn as senior vice president and chief administration officer for its MGM Resorts Design and Development unit.
Mr Strawn will be based in Las Vegas, Nevada, in the United States. He “will be responsible for providing strategic leadership and financial oversight for the company’s capital improvement projects as well as the development of new MGM Resorts experiences worldwide,” the firm said in a Monday press release.
MGM Resorts is the parent company of Macau-based MGM China Holdings Ltd. The latter operates the MGM Macau casino hotel in the Macau peninsula, and is building MGM Cotai, a new casino property in the Cotai district scheduled to open in the fourth quarter of 2017.
MGM Resorts is also interested in bidding for a casino gaming licence in Japan. The company had declared itself a candidate long before that country’s lawmakers passed on December 14 a bill to legalise such business.
Commenting on the appointment of Mr Strawn, Bill Ham, president of MGM Resorts Design and Development, said in a statement in the release: “As MGM Resorts continues to grow, our company’s attention to process and discipline remains critical. Mark’s extensive financial expertise and deep knowledge of the hospitality and gaming industries make for a valuable addition to our talented executive team.”
Mr Strawn most recently served as vice president of corporate finance at U.S.-based Wynn Resorts Ltd. The latter is the parent company of Macau-based casino operator Wynn Macau Ltd. He was also vice president of finance for Las Vegas Sands Corp, a casino developer based in the United States with business interests in Macau and Singapore.
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”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia