Grant Bowie has submitted his resignation as Chief Executive Officer MGM China. He will leave his position on May 31, 2020.
According to MGM China, Bowie is not extending his contract and opting for personal retirement plans.
Bowie will continue as an advisor of the company until December 31, 2022.
‘Mr. Bowie has confirmed that he has no disagreement with the Board and there are no other matters in relation to his retirement as the Chief Executive Officer of the Company which need to be brought to the attention of the shareholders of the Company,’ the filing indicated.
‘Mr. Bowie expressed his gratitude to the Board, particularly Mr. Bill Hornbuckle and Ms. Pansy Ho, the Company and MGM Resorts for this opportunity and their support over the years.’
Net revenue generated by MGM China has dropped 63 per cent year-on-year in the first quarter of this year, reaching about US$272 million (MOP2.1 billion), the company’s latest financial report indicated.