LAS VEGAS-With 25 months to go before the scheduled opening of its $7.4-billion mixed-use development on the Las Vegas Strip, MGM Mirage has begun setting the table for CityCenter. The casino operator announced several major personnel shifts at its resorts that it says are integral to the success of the new mini-city under construction across from its MGM Grand Hotel & Casino.
Scheduled to open in November 2009, CityCenter includes a 4,000-room resort casino, 2,650 condominiums in multiple towers, two 400-room non-gaming hotels and 470,000 sf of retail and entertainment space. In August, MGM Mirage sold a 50% stake in the development for $2.7 billion to Dubai World, a conglomerate responsible for the Atlantis developments and the Palm and World developments off the coast of Dubai.
Bill McBeath, president of the Bellagio since early 2005, is now the president of the 4,000-room casino-resort under construction at CityCenter. McBeath also will oversee one of the planned 400-room non-gaming hotels, the Vdara Condo Hotel. Prior to the Bellagio, McBeath was president and COO of the Mirage.
Also moving over from the Bellagio is Jon Corchis, who has been named SVP and CFO of CityCenter, the same position he held at the Bellagio. He has been with the company since 1993, holding positions at The Mirage, Beau Rivage and Bellagio.
Backfilling McBeath at the Bellagio is Randy Morton, who joined MGM Mirage in 2000 as VP of hotel operations and was most recently president of the Monte Carlo Resort. MGM Mirage says Morton was integral to the Bellagio receiving the AAA Five Diamond Award from 2002 to 2005.
Replacing Morton at the Monte Carlo is Anton Nikodemus, most recently SVP of hotel operations for the Bellagio, where he had oversight of the Hotel Division, Food & Beverage Division, Entertainment and Engineering. He joined MGM Mirage in 2005 as SVP of hotel operations for MGM Grand.
Taking over for Corchis as SVP and CFO of Bellagio is Mike Longi, an 18-year veteran of MGM Mirage who most recently was VP and CFO of the Mirage. Replacing Longi at the Mirage is Bill Boasberg, who most recently was VP and CFO of the New York-New York casino resort, and replacing Boasberg at New York-New York is Courtney Wenlender, most recently VP and CFO at BeauRivage. Lastly, Jorge Perez, most recently executive director of financial projects for Mirage Resorts, will replace Wenlender as VP and CFO at BeauRivage.
The changes are effective immediately. McBeath, Morton and Nikodemus will report to Bobby Baldwin, president and CEO of CityCenter and chief design and construction officer for MGM Mirage.
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