MGM Resorts International Files Petition With New Jersey Casino Control
Commission To Reapply For Gaming License
LAS VEGAS, Feb. 7, 2013
LAS VEGAS, Feb. 7, 2013 /PRNewswire/ -- MGM Resorts International (NYSE: MGM)
today announced that is has filed a petition with the State of New Jersey
Casino Control Commission (NJCCC) requesting that the NJCCCand New Jersey
Division of Gaming Enforcement (NJDGE)initiate a review process under which
the Company could seek to be permittedto return to the New Jersey market as a
fully qualified casino licensee.
The petition notes that since 2010 MGM has taken a controlling interest in MGM
Macau's parent company MGM China Holdings and that MGM China Holdings is now
listed on the Stock Exchange of Hong Kong.
The company said, "MGM Resorts International is, and always has been,
committed to the highest standards of operation and regulatory compliance.If
our petition is successful we would welcome the opportunity to once again be
an active, contributing member of the New Jersey gaming marketplace through
our 50% ownership of Borgata. Our company is appreciative of the NJDGE's
willingness to consider our application."
MGM Resorts International (NYSE: MGM) is one of the world's leading global
hospitality companies, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also
owns 51% of MGM China Holdings Limited, which owns the MGM Macau resort and
casino and is in the process of developing a gaming resort in Cotai, and 50%
of CityCenter in Las Vegas, which features ARIA resort and casino. For more
information about MGM Resorts International, visit the Company's website at
Statements in this release that are not historical facts are "forward-looking"
statements and "safe harbor statements" under the Private Securities
Litigation Reform Act of 1995 that involve risks and/or uncertainties,
including risks and/or uncertainties as described in the Company's public
filings with the Securities and Exchange Commission.
SOURCE MGM Resorts International
Contact: Investment Community, DANIEL D'ARRIGO, Executive Vice President, CFO
& Treasurer, +1-702-693-8895, or Media, ALAN M. FELDMAN, Senior Vice President
of Public Affairs, +1-702-891-1840, firstname.lastname@example.org
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