Changes at the top level of MGM executives continued last week when MGM Grand President and COO Scott Sibella announced his departure, just one week after CFO Dan D’Arrigo announced his retirement. While the company has yet to official announce his resignation, it’s expected that Sibella left for the same reason as D’Arrigo: the recently announced MGM Resorts program to reduce staffing costs by $100 million by 2020.
Sibella started his career in the Trump organization in Atlantic City and later moved to Las Vegas where he worked for MGM at Treasure Islands and later taking the helm at the Mirage. No word on who is replacing hm.
In China, William Scott has resigned from the board of Macau casino operator MGM China Holdings Ltd. and its United States-based parent MGM Resorts International after “the termination of his position” was mutually agreed upon by all parties, according to multiple reports.
The resignation was effective February 22. MGM China informed the Hong Kong Stock Exchange of Scott’s exit the same day. According to a company statement, there was no disagreement between Scott and the board when they parted ways.
For eight years, Scott was a non-executive director and member of the nomination and corporate governance committee of MGM China. He was also general manager of Diaoyutai MGM Hospitality Ltd., a joint venture between MGM Resorts International and Diaoyutai State Guesthouse, the hospitality arm of the Mainland Chinese government.
