Wade had several positions with MGM Grand and MGM Mirage between 1999 and 2006, including vice chairman. The company is now known as MGM Resorts International.
He most recently served as the COO of the company that had been planning to build a version of New York's Plaza Hotel on the site of the since demolished New Frontier.
According to the SEC filing, Wade has 37 years of experience in hospitality and gaming. He currently serves as a member of the board of directors of table game provider Shuffle Master.
The position reunites Wade with former MGM Grand CEO Alex Yemenidjian, who serves as chairman, CEO and president of the partnership that owns the 1,375-room hotel-casino.