MGM Resorts names Ayesha Molino as COO, Gary Fritz as CCO

LAS VEGAS - MGM Resorts International (NYSE:MGM), the $9.8 billion casino and hospitality giant currently maintaining a GOOD financial health score according to InvestingPro, announced Thursday the appointment of Ayesha Molino as Chief Operating Officer and Gary Fritz as Chief Commercial Officer and President of MGM Digital.

Fritz will assume his new role immediately, while Molino will take over on January 1, 2026, replacing current COO Corey Sanders, who is retiring after more than 30 years with the company.

Molino currently serves as President and COO of ARIA and Vdara, overseeing operations at these Las Vegas luxury properties. Under her leadership, ARIA has achieved record EBITDAR, revenue, and customer satisfaction scores, contributing to MGM’s impressive $17.2 billion in revenue and $2.4 billion in EBITDA over the last twelve months. She also holds the position of Chief Public Affairs Officer for MGM Resorts. InvestingPro analysis reveals the company has been profitable with effective management strategies, including aggressive share buybacks.

Before joining MGM in 2017, Molino worked as Chief Counsel to former Senate Majority Leader Harry Reid. She serves on multiple industry boards, including MGM China Holding Limited and the American Hotel & Lodging Association.

Fritz, who currently leads MGM Resorts International Interactive, will now oversee all digital gaming initiatives, marketing, and advertising in his expanded role. He serves on the boards of BetMGM and LeoVegas, and previously held leadership positions at Expedia and McKinsey & Company.

The executive changes come as MGM Resorts continues to develop its omni-channel strategy and expand its digital gaming presence globally. Trading at a P/E ratio of 19.5, the company currently operates 31 hotel and gaming destinations worldwide and maintains a 50/50 venture in BetMGM, which offers sports betting and online gaming across North America. For deeper insights into MGM’s growth potential and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.

The information in this article is based on a company press release statement.

In other recent news, MGM Resorts International reported strong second-quarter 2025 results, exceeding both earnings and revenue forecasts. The company achieved earnings per share of $0.79, surpassing the projected $0.55, and reported revenue of $4.4 billion, above the anticipated $4.31 billion. Despite these positive results, UBS lowered its price target for MGM Resorts to $39, maintaining a Neutral rating due to concerns about Vegas trends, specifically a 9% decline in EBITDA for the third quarter. Meanwhile, Mizuho adjusted its price target to $58 from $59, retaining an Outperform rating, and cited valuation challenges as a persistent issue. JMP Securities reiterated its Market Perform rating, raising its EBITDAR estimates for the company across multiple years, including an increase in the 2025 estimate to $4,691 million. Additionally, MGM Resorts announced that Chief Operating Officer Corey Sanders will retire at the end of 2025 after more than 30 years with the company. Sanders will remain in his role until December 31, 2025, before transitioning to an advisory position through 2026. The company plans to name a successor later this month.

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