MGM appoints new president of Interactive division and chairman of LeoVegas
MGM Resorts International has named Gary Fritz as the president of its Interactive division and chairman of the recently acquired LeoVegas.
Fritz, who previously served as head of gaming for IAC, was responsible for leading MGM’s $607m acquisition of LeoVegas which completed last month.
He has also led global strategy and expansion plans for multinational companies including TripAdvisor and Expedia, having started his career at McKinsey and Company.
In his new role, Fritz will be responsible for MGM Interactive’s growth strategies, including both organic growth and M&A opportunities, the firm said.
He will become a member of MGM’s executive committee, as well as a member of the board of directors of BetMGM and chairman of the board of LeoVegas.
MGM CEO Bill Hornbuckle: “Enhancing and growing our digital businesses is one of MGM Resorts’ top priorities, and Gary is uniquely positioned to help the company build on successes and seize new opportunities.”
“I’m excited to join MGM Resorts and contribute to the company’s success as it looks to accelerate its growth in digital gaming,” Fritz commented.
“MGM is the global leader in premium gaming and entertainment, and I look forward to continuing to drive our strategy around global expansion and digital innovation.”
MGM president and CEO Bill Hornbuckle added: “Enhancing and growing our digital businesses is one of MGM Resorts’ top priorities, and Gary is uniquely positioned to help the company build on successes and seize new opportunities.”
“Gary will play a vital role in MGM Resorts’ diversification strategy and drive our investment in digital innovations.”
MGM completed its acquisition of LeoVegas in September, intending to diversify its online gambling operation outside the US and enter other operational markets including Europe.
The purchase also saw MGM gain access to LeoVegas’ proprietary casino software, built on its in-house platform Rhino.
“We look forward to welcoming the LeoVegas team and are excited to begin working with them to grow our global digital gaming business and maximise the full potential of our omni-channel strategy,” said CEO Hornbuckle upon completion of the acquisition.