MGM CEO Jim Murren to step down, firm sees "volatility" due to coronavirus and baccarat weakness

  • Thread starter Yogonet International - International
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Yogonet International - International

MGM said Wednesday its Board has formed an independent committee to run a search process for a new CEO. The firm reported fourth-quarter net income of $2 billion, which included a $2.7 billion gain related to the sale of Bellagio, versus a loss of $23 million in 2018 Q4. Murren said MGM remains confident the coronavirus outbreak will not have a long-term impact on its business.

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