Borgata Atlantic City Gets a New Boss Again in 2024
The parent company of Atlantic City’s best-performing casino is reorganizing its senior team, with changes anticipated in the spring. MGM Resorts International has announced that on May 1, 2024, Niklas “Nik” Rytterstrom will take over as president and chief operating officer of Borgata Hotel Casino & Spa AC. Since MGM took over the resort in 2022, he has served as general manager of The Cosmopolitan in Las Vegas.
The current president and COO of Borgata, Travis Lunn, is moving to Las Vegas. With effect from June 1, 2024, he will maintain the same titles at the Luxor and Mandalay Bay casinos. Since January 2022, Lunn has been the senior executive of Borgata.
Borgata’s Turnover is Unusual for Casinos in Atlantic City
In the last seven years, Rytterstrom will be the fourth individual to hold the position of president at Borgata. In 2016, MGM fully took over Borgata after paying $900 million to acquire its 50/50 partner Boyd Gaming.
The top casino property in Atlantic City is run by four executives that MGM has chosen, none of whom has ever worked in the second-biggest gambling market in the nation.
At gaming corporations, especially those with extensive multi-jurisdictional operations like MGM and Caesars Entertainment, executive turnover is a typical occurrence.
Nonetheless, considering the property’s history and reputation, the regular turnover at Borgata (in contrast to other Atlantic City casinos) seems a little odd.
