MGM Resorts International, through its wholly owned subsidiaries, operates a portfolio of destination resort brands. The company has additional business activities, including investments in unconsolidated affiliates, MGM Hospitality operations, and certain other management operations. It operates 15 wholly owned resorts in the United States. The company owns 51% and has a controlling interest in MGM China Holdings Limited (MGM China). Segments The company’s segments include 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 a variety of slots, table games, and race and sports book wagering. In addition, the company offers its premium players access to high-limit rooms and lounge experiences where players enjoy an upscale atmosphere. MGM China MGM China owns MGM Grand Paradise, S.A. (MGM Grand Paradise), the Macau company that owns and operates the MGM Macau resort and casino and the related gaming subconcession and land concession. MGM China's operations consist of the MGM Macau resort and casino and the development of a casino resort in Cotai Strip in Macau. Gaming operations at MGM Macau are conducted under a gaming subconcession held by MGM Grand Paradise. Strategic Partnerships In 2011, the company announced a strategic partnership with bwin.party digital entertainment plc, the publicly traded online poker operator with operations under the PartyPoker brand. 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’s businesses are subject to various federal, state, local, and foreign laws and regulations affecting businesses in general. In addition, it 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. Significant Events In April 2014, MGM Resorts International and Hakkasan Group announced the formation of a joint venture hotel management company, to be named MGM Hakkasan Hospitality. In April 2014, Hakkasan Group has recently signed a joint venture with MGM Resorts International. MGM will be responsible for designing, developing and managing luxury non-gaming hotels, resorts and residential offerings. In April 2014, MGM Resorts International has formed a 50:50 joint venture hotel management company (JV) with Hakkasan Group. The JV, MGM Hakkasan Hospitality, LLC, is engaged in designing, developing and managing luxury non-gaming hotels, resorts and residential offerings. History The company was founded in 1986.
mgm resorts international
3600 Las Vegas Boulevard South
Las Vegas, NV 89109
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