Scott Sibella, the president and COO of the MGM Grand is leaving the company. MGM Resorts International confirmed Sibella agreed to a voluntary resignation program Sibella has accepted as part of a voluntary resignation program.
It’s MGM Resorts International’s plan to reduce costs further, improve efficiencies, and position the Company for growth.
The program, known as ‘MGM 2020’, will be a company-wide, business-optimization initiative aimed to leverage a more centralized organization to maximize profitability and, through key investments in technology, lay the groundwork for the Company’s digital transformation to drive revenue growth.
8 News NOW first broke the news about MGM’s plans, including top-level executives receiving retirement packages during an interview with Vital Vegas’s Scott Roeben on Monday.