Infinity World chief joining MGM Resorts company board

13 Feb 2013

By Howard Stutz

LAS VEGAS -- The president of MGM Resorts International's partner in CityCenter has been elected to serve on the casino company's board of directors.

In a statement Tuesday, MGM Resorts officials said William Grounds, director and president of Infinity World Development Corp., will join the company's board.

Infinity World is an affiliate of Dubai World, the investment arm of the Persian Gulf Emirate, which owns approximately 5.3 percent MGM Resorts' outstanding stock. MGM Resorts and Infinity World each own a 50 percent interest in CityCenter.

Grounds sits on the board of directors for CityCenter Holdings. He was involved with MGM Resorts during CityCenter's development and opening in December 2009.

"Bill has tremendous international development experience," MGM Resorts Chairman Jim Murren said in a statement. "He has demonstrated his strong business background serving as the Las Vegas representative of Infinity World."

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Howard Stutz More about Howard Stutz More articles by Howard Stutz
	Infinity World chief joining MGM Resorts company board 13 Feb 2013 By Howard Stutz <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS -- The president of MGM Resorts International's partner in CityCenter has been elected to serve on the casino company's board of directors. In a statement Tuesday, MGM Resorts officials said William Grounds, director and president of Infinity World Development Corp., will join the company's board. Infinity World is an affiliate of Dubai World, the investment arm of the Persian Gulf Emirate, which owns approximately 5.3 percent MGM Resorts' outstanding stock. MGM Resorts and Infinity World each own a 50 percent interest in CityCenter. Grounds sits on the board of directors for CityCenter Holdings. He was involved with MGM Resorts during CityCenter's development and opening in December 2009. "Bill has tremendous international development experience," MGM Resorts Chairman Jim Murren said in a statement. "He has demonstrated his strong business background serving as the Las Vegas representative of Infinity World." Copyright GamingWire. All rights reserved.