![]() Meanwhile, federal agents are also investigating if employees at MGM Grand, where Sibella was president in 20, had been siphoning off company assets to pay gambling debts to bookie Wayne Nix. Talking to Adweek, the studios chief marketing officer, Stephen Bruno, says the design is a 'commitment to the timeless, golden art deco design that has defined the brand since 1924'. The report noted Resorts World said Sibella's sudden exit from the company on Friday was "effective immediately" over "failing to disclose certain information required under company policies." Originally slated to launch in front of the delayed No Time to Die, the new logo (above) is described by MGM as 'an evolution, not a revolution'. Casino stocks are slumping and that could be bad news for the US. ![]() The uncertainty arose after the former head of the MGM Grand casino in Las Vegas, Scott Sibella, was made to step down as president and operating chief of Resorts World. Tumbling Las Vegas casino stocks could be a sign theres an economic downturn on the way. MGM Grand and Resorts World, operators, respectively, of the Empire City Casino in Yonkers and the Resorts World Casino at the Aqueduct Race Track in Queens, had been the frontrunners to win the licenses in a state-run process that's slated to conclude next spring, reported New York Post. ![]() Chances of MGM Resorts International (NYSE:MGM) to win two of the three coveted full-scale casino licenses in New York city has reportedly become complicated after an alleged bookmaking scandal that's unfolding in Las Vegas.
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