MGM Resorts International Bobby Baldwin is stepping down. This is not exactly unexpected as his replacement has been groomed for over a year now. And yet, one cannot help but feel that the end of an era for MGM Resorts is coming.
The news came just on October 4, with MGM Resorts International announcing that one of the longest-standing executives in the company, Bobby Baldwin will take an official leave from the company. He will be retiring from his post as Chief Customer Development Officer and CityCenter President and CEO.
While there have been no official statements as to why Baldwin is stepping down, we suspect it has to do with a personal decision more so than anything else. The company was very laconic about the reasons of Baldwin’s leave. The short message published in the brief press release read as follows:
Few have played a more central role in the growth and transformation of the gaming industry than Bobby, and his contributions over more than three decades are immeasurable.
MGM Resorts thanks Bobby for all he has done for the company and all he has meant to this industry and wishes him the best for the future.
His career has been quite a worthy one and he has certainly made a name for himself in the world of gaming institutions.
A Career Worthy of Remembrances
While we are not absolutely sure if Mr. Baldwin is indeed calling it quits and retiring, we know that he has had a meaningful career so far. He headed the Project CityCenter back in 2005. The complex included a number of elite properties, featuring ARIA, Vdara, Mandarin Oriental, and The Crystals. The total net worth of the project at the time was estimated at $9.2 billion and was one of the most ambitious, if not the largest, development project in the United States.
Baldwin has been intimately familiar with the casino and iGaming business for a long while. At the age of 28, he managed to capture the 1978 World Series of Poker (WSOP) Main Event. But far from enjoying the slots, Baldwin has so far spent a large portion of his life theorizing about poker, other than actually running the business entrusted to him. Similarly, Baldwin has been moving quite a bit of property and has been known for his way to always make his money work for him.
He helped Doyle Brunson’s book and penned a chapter dedicated to a strategy for Hold’Em, one of the most famous iterations of the game today. Meanwhile, Baldwin has continued to participate actively in poker action of the highest order.
Back in 2012, he decided to take on the $1 million Big One for One Drop challenge, managing to make it all the way to seventh spot and bagging $1.4 million in poker funds. He also decided to hit the 2016 Monte-Carlo event which featured another EUR 1 million Big One for One Drop event.
While MGM may be losing a valuable executive, Mr. Baldwin seems all eagerness to continue and pursue his poker exploits. Who knows, maybe now that he has more time on his hands, he will return to the game and give himself another shot at conquering its summits, having topped the mounts of the corporate world.