MGM Resorts Becomes First Gaming Company to Sign United Nations’ CEO Water Mandate
MGM Resorts International | February 22, 2023
LAS VEGAS, Feb. 22, 2023 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced it endorsed the United Nations' CEO Water Mandate – a global initiative and coalition of hundreds of major companies making bold commitments to address water crises and challenges. MGM Resorts is the first gaming company to endorse the mandate. "Given our environmental conditions, Las Vegas has long been innovative it its approach to water. We are fortunate to do business in a place that has a world class water management system and hope to help others learn from successes here," said MGM Resorts CEO and President Bill Ho...
Diaoyutai MGM Hospitality Partners With Shanghai West Bund Development to Bring MGM Brand to Shanghai West Bund
Diaoyutai MGM Hospitality | July 5, 2022
BEIJING, July 5, 2022-- Diaoyutai MGM Hospitality announced today it has signed a hotel management agreement with Shanghai West Bund Development (Group) Co., Ltd. to bring the famous MGM brand to Shanghai West Bund, the high-quality CAZ (Central Activity Zone) that carries the core functions of global cities. As part of the agreement, MGM will provide the full range of its signature artistic and entertainment experiences, as well as its luxury hospitality capabilities to one of the city's most famous international cultural landmarks. Benefitting from MGM's global leadership in defi...
MGM and VICI to Sell Operations of Gold Strike Tunica for $450 Million to Cherokee Nation Entertainment
MGM Resorts International | June 10, 2022
LAS VEGAS, June 10, 2022 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced that it has reached an agreement to sell the operations of Gold Strike Tunica ("Gold Strike") to Cherokee Nation Entertainment Gaming Holdings, LLC ("CNE"), a subsidiary of Cherokee Nation Businesses, for $450 million in cash, subject to customary adjustments. "I want to thank all of our Gold Strike employees who have consistently delivered world-class gaming and entertainment experiences to our guests," said Bill Hornbuckle, CEO & President, MGM Resorts International. "Gold Strike is a wonderful property with a bright...
MGM Resorts International Completes Acquisition of Las Vegas’ The Cosmopolitan Operations for $1.625 Billion
MGM Resorts International | May 18, 2022
LAS VEGAS, May 18, 2022 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "company") today announced the closing of its transaction with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the "property" or "The Cosmopolitan") for cash consideration of $1.625 billion. With the closing of the transaction, The Cosmopolitan of Las Vegas officially joins MGM Resorts' roster of iconic brands along the Las Vegas Strip. "This is a big moment for our company and for the Las Vegas Strip. The Cosmopolitan of Las Vegas has already established itself as one of the Strip's premier resorts with an iconic brand, w...
VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties
VICI Properties Inc. | May 2, 2022
– Adds 15 Marquee Assets Expanding Real Estate Portfolio to 43 Class-A Properties – – Increases Annual Rent by Over $1.0 Billion – – Diversifies Tenant Base to Eight Best-In-Class Operators – – Closes on $5.0 Billion of Investment Grade Senior Unsecured Notes – – Settles the Exchange Offer and Consent Solicitation for Notes Originally Issued by MGP NEW YORK--May 2, 2022--VICI Properties Inc. (NYSE: VICI) (“VICI,” “VICI Properties” or the “Company”), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE: MGP) ("MG...
MGM Resorts International Reports Fourth Quarter and Full Year 2020 Financial and Operating Results
MGM Resorts International | February 11, 2021
- Recovery continues to be led by the Company's U.S. Regional Operations - The Company remains confident in the long-term recovery of the Las Vegas and Macau markets - The Company's liquidity at its domestic operations remains strong at $5.6 billion - BetMGM continues to deliver on market share gains in the growing U.S. sports betting and iGaming market LAS VEGAS, Feb. 11, 2021 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter and year ended December 31, 2020. "We remain confident in the long-term recovery of our business. We have strengthened our operational ...
MGM Resorts International Statement Regarding Entain PLC
MGM RESORTS INTERNATIONAL | January 19, 2021
LAS VEGAS, Jan. 19, 2021 -- MGM Resorts International ("MGM" or the "Company") announced today that, after careful consideration and having reflected on the limited recent engagement between the respective companies regarding MGM's rejected all stock proposal at an exchange ratio of 0.6x, it does not intend to submit a revised proposal and it will not make a firm offer for Entain plc ("Entain"). MGM is committed to being a premier global omni-channel gaming and entertainment company, and will maintain a disciplined framework while evaluating a range of compelling strategic opportunities. "BetMGM, our U.S. sports betting and online gamin...
MGM Resorts International Names Jonathan Halkyard as Chief Financial Officer
MGM Resorts International | January 6, 2021
LAS VEGAS, Jan. 6, 2021 -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or "the Company") today announced Jonathan Halkyard will become Chief Financial Officer for the global gaming, hospitality and entertainment organization. Halkyard is a senior corporate executive who spent 13 years in leadership roles at Caesars Entertainment and was more recently the President and Chief Executive Officer of Extended Stay America, Inc. and ESH Hospitality, its paired-share REIT. He will report to Bill Hornbuckle, President and CEO, and succeeds Corey Sanders, who was recently appointed Chief Operating Officer of the Company. "Jonathan brings th...
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