MGM Mirage Inc. (NYSE: MGM) announced Wednesday that it has named industry veteran Burton Cohen to its board, according to Associated Press.
Cohen, who is currently retired, is the former co-owner and general manager of the Frontier Hotel & Casino. He also served as executive vice president of the Flamingo Hotel Casino and president and CEO of the Desert Inn Hotel & Country Club. All of the properties are located in Las Vegas.
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MGM Mirage is currently trying to reduce its debt. In February, the company reached a deal with lenders to extend the deadline for paying off about $3.6 billion of its $13 billion in debt to February 2014.
MGM Mirage owns and operates 15 properties in Nevada, Mississippi and Michigan, and has 50 percent stakes in four other properties in Nevada, Illinois and Macau. It also holds the sole economic interest in a trust that owns 50 percent of Borgata Hotel Casino & Spa in Atlantic City. NJ.
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