Casino operator MGM Mirage Inc. says its hospitality subsidiary will create a new unit focused on gambling expansion into new international markets.
The company said Tuesday that Lloyd Nathan will serve as president of MGM Mirage Global Gaming Development. Nathan has worked for MGM Mirage since 2002, most recently serving as executive vice president and managing director of MGM Mirage International.
The initial gambling project is the recently announced MGM Grand Ho Tram in Vietnam. It will be owned and developed by Asian Coast Development Ltd. and managed by MGM Mirage Hospitality.
Shares of MGM Mirage rose 24 cents to $11.54 in midday trading.Related Articles:
Gaming stocks now on the rebound?
Las Vegas billionaires: riches to rags?
MGM eyes India as ripe for 5-star resorts
Lanni gives up MGM MIRAGE Board seat