MGM Resorts extends contract with CEO James Murren

MGM Resorts

Jim Murren speaks of sustainability at the One Drop donation announcement at the Bellagio on Thursday, March 22, 2012.

Casino resort operator MGM Resorts International today said Chairman and CEO James Murren has signed a new employment agreement extending through the end of 2016.

The contract provides for a minimum base salary of $2 million per year and opportunities for bonuses.

Murren’s earlier contract was set to expire in April 2013.

Murren, who had been chief financial officer at MGM Resorts, became chairman and CEO in December 2008 upon the retirement of Terry Lanni.

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