He had been president and chief operating officer of the MGM Grand for eight years but left the company as part of the MGM 2020 cost-cutting measures.
The company made a major management shift in May, naming former MGM Resorts International executive Scott Sibella as president of Resorts World. The most recent estimate had set the price at $4 billion. The cost of the north Strip megaresort, under construction on the site once occupied by the Stardust, has increased to $4.3 billion, which promises to make it the most expensive resort property ever developed in Las Vegas. The Malaysia-based parent company, Genting Group, has upgraded plans, increased capacity, expanded its budget and aims to get into the music residency business when Resorts World opens in 2021.
Resorts World Las Vegas will open its doors several months later than planned, but the multibillion-dollar Las Vegas Strip megaresort will have more to show for it when it does. Construction continues on Resorts World Las Vegas.
