MGM Resorts International, through its wholly owned subsidiaries, operates as a hospitality company worldwide. The company operates a portfolio of destination resort brands. The resorts that the company owns, manages, and invests in are various casino resorts. The company owns 51% and has a controlling interest in MGM China Holdings Limited (MGM China). The company operates 15 wholly owned resorts in the United States. The company has additional business activities, including its investments in unconsolidated affiliates, and certain other corporate and management operations. CityCenter Holdings, LLC is the company’s unconsolidated affiliate, which the company also manages for a fee. Segments The company has two segments, Wholly Owned Domestic Resorts and MGM China. Wholly Owned Domestic Resorts Resort Operations: The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. All of its casino resorts operate 24 hours a day, every day of the year, with the exception of Grand Victoria, which operates 22 hours a day, every day of the year. The company’s casino operations feature various slots, table games, and race and sports book wagering. In addition, it offers its premium players access to high-limit rooms and lounge experiences where players might enjoy an upscale atmosphere. MGM China This segment owns MGM Grand Paradise, S.A. (MGM Grand Paradise), the Macau company that owns and operates the MGM Macau resort and casino (MGM Macau) and the related gaming subconcession and land concessions. This segment’s operations consist of the MGM Macau and the development of a gaming resort in Cotai, Macau. Revenues at MGM Macau are generated primarily from gaming operations, which are conducted under a gaming subconcession held by MGM Grand Paradise. The MGM Grand Paradise gaming subconcession is granted by Sociedade de Jogos de Macau, S.A. and expires in 2020. Customers Wholly Owned Domestic Resorts: The company’s customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. MGM China: The three primary customer segments in the Macau gaming market are VIP casino gaming operations, main floor gaming operations, and slot machine operations. Intellectual Property The company’s principal intellectual property consists of trademarks for, among others, Bellagio, The Mirage, Mandalay Bay, MGM, MGM Grand, MGM Resorts International, Luxor, Excalibur, New York-New York, Circus Circus and Beau Rivage, all of which have been registered or allowed in various classes in the United States. Regulation The company is subject to certain federal, state and local environmental laws, regulations and ordinances, including the Clean Air Act; the Clean Water Act; the Resource Conservation Recovery Act; the Comprehensive Environmental Response, Compensation and Liability Act; and the Oil Pollution Act of 1990. History MGM Resorts International was founded in 1986.
mgm resorts international
(MGG:German Stock Exchange)
3600 Las Vegas Boulevard South
Las Vegas, NV 89109
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