MGM Resorts International: Difference between revisions

MGM Resorts International
	MGM Grand hotel on the Las Vegas strip
Formerly	Grand Name Co. (1986–1987); MGM Grand Inc. (1987–2000); MGM Mirage (2000–2010);
Company type	Public
Traded as	NYSE: MGM; S&P 500 component;
ISIN	US5529531015
Founded	1986; 38 years ago
Founder	Kirk Kerkorian
Headquarters	Paradise, Nevada, U.S.
Key people	Bill Hornbuckle (acting CEO and president); Paul Salem (chairman);
Products	Casinos; Hotels; Entertainment; Resorts
Revenue	$12.899 billion (2019)
Operating income	1,439,372,000 United States dollar (2022)
Net income	1,473,093,000 United States dollar (2022)
Total assets	$33.9 billion (2019)
Total equity	$7.7 billion (2019)
Number of employees	74,500 (2020)
Subsidiaries	MGM Resorts Vacations; Diaoyutai MGM Hospitality; BetMGM; LeoVegas
Website	www.mgmresorts.com

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MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM.

The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average.^[2]^[3] The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project,^[4]^[5] which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history.^[6] City Center's development coincided with the global financial crisis, causing more than $1 billion in writedowns in its valuation.^[7]

Billionaire investor Kirk Kerkorian and his Tracinda Corporation were, until 2009, the majority shareholders of MGM Mirage; Kerkorian was the former owner of the Metro-Goldwyn-Mayer movie studio, from which MGM Grand derived its name. Following a $1 billion stock offering by MGM Mirage amidst the global credit crunch, Tracinda's shares were diluted from 53.8 percent to 39 percent.^[8]^[9] On June 15, 2010, shareholders voted for MGM Mirage to change its name to "MGM Resorts International".^[10]

In 2015, the company split into two forming MGM Growth Properties, a real estate company, while MGM Resorts shifted to operating properties.^[11]^[12]

History

MGM Hospitality

In 2007, MGM Hospitality was established to operate hotels, resorts and residences in key destinations around the globe using the brands of Bellagio, MGM Grand and Skylofts.^[13]

In 2009, the company formed Diaoyutai MGM Hospitality, a joint venture with Diaoyutai State Guesthouse of China (the Chinese Foreign Ministry’s venue for VIPs) which develops and operates 5-star hotels and resorts in China.^[14]

In 2014, MGM and Hakkasan Group announced the formation of a joint venture named MGM Hakkasan Hospitality, which would develop non-gaming hotels around the world.^[15] The partnership was terminated a year later.^[16]

BetMGM

Following the U.S. Supreme Court's May 2018 ruling that struck down the PASPA sports betting ban, in July 2018, MGM announced a 50/50 joint venture with UK gambling operator GVC Holdings (now known as Entain) to create a sports betting and online gaming platform targeting the U.S. market in states where such activities are legal.^[17] In January 2019, the joint venture was named Roar Digital.^[18]

In September 2019, the company announced a partnership with sports bar chain restaurant Buffalo Wild Wings. The partnership will involve Buffalo Wild Wings sports bars across the country showcasing custom sportsbook content on TV screens inside the bars, featuring live odds provided by BetMGM, as well as the establishment of three new Buffalo Wild Wings sports bars within MGM properties or in partnership with BetMGM as additional states come online. At the end of October 2019, the company established a betting partnership with Yahoo Sports to connect its sports betting online platform to the popular sports website.^[19] ^[20]

In late 2018, BetMGM signed official partnerships with several North American professional sports leagues, including the National Basketball Association,^[21] the National Hockey League,^[22] and Major League Baseball.^[23] In July 2020, BetMGM announced a partnership with the Denver Broncos of the National Football League.^[24] BetMGM would follow this deal with multiple betting partnerships with other NFL teams, including the Detroit Lions,^[25] Las Vegas Raiders,^[26] Tennessee Titans,^[27] and Pittsburgh Steelers.^[28] In late 2020 through early 2021, BetMGM continued to develop its partnership library with other teams in other leagues, including the Detroit Red Wings of the NHL,^[29] Washington Nationals of MLB,^[30] and Philadelphia 76ers of the NBA,^[31] as well as with other business ventures like TopGolf^[32] to extend the company's brand image to new bettors in operating markets. In May 2021, BetMGM signed a deal with the Baltimore Ravens to become the official gaming partner of the NFL team.^[33]

On November 8, 2021, BetMGM, along with 8 other sports gaming operators, were awarded sports betting licenses by the New York State Gaming Commission. New York will be the largest sports gaming market in the United States when operators launch their applications in 2022.^[34] Additionally, on the same day, BetMGM agreed to a multi-year marketing partnership with Madison Square Garden Sports and will become an official sports gaming sponsor for both the New York Knicks of the NBA and New York Rangers of the NHL.^[35]

On September 14, 2022, BetMGM entered into a naming rights agreement with NJ Transit to becoming the naming sponsor of the Meadowlands Rail Line for $3 million over the next 3 years.^[36] The rail line is a special event shuttle train that offers rail service to and from MetLife Stadium only during New York Giants and New York Jets home football games, as well as major concerts and other sporting events.

MGM Resorts International properties

All U.S. properties (excluding golf courses and where otherwise indicated) are fully owned by Vici Properties and operated by MGM through a long-term triple net lease agreement.^[37]

Las Vegas Strip

Bellagio (leased from The Blackstone Group)^[38]
The Cosmopolitan of Las Vegas (leased from Blackstone, Cherng Family Trust, and Stonepeak Partners)^[39]
Aria Campus (formerly CityCenter) (leased from Blackstone)^[40]
- Aria Resort & Casino
- Vdara
Park MGM
- NoMad Las Vegas
New York-New York
T-Mobile Arena (42.5% ownership of building; land is leased from Vici)^[41]
MGM Grand Las Vegas
- MGM Grand Garden Arena
- Skylofts at MGM Grand
- The Mansion at MGM Grand
- The Signature at MGM Grand
Excalibur
Luxor
Mandalay Bay

China

Diaoyutai MGM Hospitality – China (joint venture with Diaoyutai State Guesthouse)^[42]
- Bellagio Shanghai – Shanghai
- Diaoyutai Boutique Hotel Chengdu – Chengdu
- Diaoyutai Hotel Hangzhou – Hangzhou
- MGM Grand Sanya – Sanya
MGM China – Macau, China (56% ownership stake)^[43]
- MGM Cotai – Cotai
- MGM Macau – Sé

MGM International Aviation

The MGM Resorts International Aviation fleet comprises five aircraft (as of March 2020):^[44]

MGM Mirage Aviation Fleet
Aircraft	In fleet	Orders	Notes
Cessna Citation Sovereign	1	–	Acquired through MGM's remaining 50% ownership of Borgata
Embraer Legacy 500	2	–
Embraer Lineage 1000	2	–
Gulfstream G650	1	–
Total	5

Staff and management

The company's top executives include: James Murren, chairman and chief executive officer; Bill Hornbuckle, president of global casino marketing; Brian Sandoval, president of global gambling development; Corey I. Sanders, chief operating officer; and John McManus, executive vice president, general counsel and secretary.^[45]^[46]^[47]^[48]

As of 2015, according to the company, among the company's management ranks, more than 38 percent are minorities and nearly 43 percent are women.^[49] The company has received wide recognition for its diversity and inclusion initiatives, such as: 40 Best Companies for Diversity (Black Enterprise Magazine),^[50] Top 10 Companies for Latinos (DiversityInc Magazine),^[51] Best Places to Work for LGBT Equality (Human Rights Campaign Foundation),^[52] Top 10 Regional Companies(DiversityInc)^[53] and Top Corporation for Women's Business Enterprises (Women's Business Enterprise National Council).^[54] Fortune magazine named MGM Resorts one of the World's Most Admired Companies in 2017.^[55]

Controversy

MGM Resorts International received criticism for filing a lawsuit on July 18, 2018 against survivors and relatives of victims slain in the October 1, 2017 Las Vegas shooting.^[56] MGM has claimed that, because it utilized the security services of Contemporary Services Corporation, a vendor certified by the Department of Homeland Security at the time of the October 1 shooting, any proceedings should be held in federal court where MGM is shielded from liability by the Support Anti-Terrorism by Fostering Effective Technologies Act, also known as the Safety Act.^[57] MGM said they are insured for $751 million towards the settlement of the lawsuit which MGM believes will be settled in May 2020.^[58] Robert Englet, an attorney to some of the survivors, describes the countersuit as an attempt to get a more favorable judge.^[59] Brian Claypool, another attorney of the survivors', called the lawsuits a “public relations nightmare”.^[60] MGM's controversial action prompted a public outcry from survivors of the shooting, family members of the victims, lawmakers, and media members in New York State urging the New York State Gaming Commission to block MGM from completing its $850 million deal to purchase Empire City Casino and Yonkers Raceway in Yonkers, New York, which deal had been scheduled to close in January 2019.^[61]^[62] In October 2019, MGM agreed to pay victims and survivors up to $800 million.^[63]

Awards and recognition

The company continues to receive wide recognition for its diversity and inclusion initiatives, such as: 40 Best Companies for Diversity (Black Enterprise Magazine) in 2012,^[50] Best Places to Work for LGBT Equality (Human Rights Campaign Foundation) in 2013,^[52] Top 10 Regional Companies (DiversityInc) in 2014,^[53] Top 10 Companies for Latinos (DiversityInc Magazine),^[51] and top 100 Companies for MBA Students (Universum Global) in 2014.^[64] Fortune has named MGM Resorts one of the World's Most Admired Companies.^[55]

References

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^ A. Eugene Kohn; John D. Macomber; Ben Creo (2009-01-12). "CityCenter (A): Vision and Design". Harvard Business Review: 3–4.
^ A. Eugene Kohn; John D. Macomber; Ben Creo (2009-01-13). "CityCenter (B): Economics and Delivery". Harvard Business Review: 2.
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^ "Inline XBRL Viewer". www.sec.gov. Archived from the original on 2021-12-24. Retrieved 2021-12-24.
^ "MGM Resorts International Announces Plan to Create a REIT". Archived from the original on 2021-12-24. Retrieved 2021-12-24.
^ Milligan, Michael, “MGM Mirage forms subsidiary to develop luxury hotels” Archived 2015-10-17 at the Wayback Machine, "Travel Weekly", May 29, 2007. Retrieved 14 May 2014.
^ Ti, Zhuan. “Diaoyutai MGM Hospitality Expands Presence in China” Archived 2014-05-17 at the Wayback Machine, "China Daily", July 22, 2013. Retrieved 14 May 2014.
^ Mac, Ryan. “MGM Joins Venture with Hakkasan to Build Non-Gaming Hotels Worldwide” Archived 2017-09-08 at the Wayback Machine "Forbes", April 15, 2014. Retrieved 14 May 2014.
^ Form 10-K: Annual Report (Report). MGM Resorts International. February 29, 2016. p. 7. Archived from the original on May 25, 2016. Retrieved April 26, 2018 – via EDGAR.
^ "MGM RESORTS INTERNATIONAL AND GVC HOLDINGS PLC ANNOUNCE JOINT VENTURE TO CREATE LEADING SPORTS BETTING AND INTERACTIVE GAMING PLATFORM IN THE U.S." Investors.mgmresorts.com (Press release). Archived from the original on 25 April 2021. Retrieved 1 May 2021.
^ "MGM-GVC's US joint venture named Roar Digital". iGamingBusiness.com. 2019-01-09. Archived from the original on 2019-07-26. Retrieved 1 May 2021.
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^ Form 10-K: Annual Report (Report). MGM Resorts International. March 1, 2018. p. 4. Archived from the original on July 16, 2022. Retrieved April 26, 2018 – via EDGAR.
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External links

Official website
Business data for MGM Resorts International:

[U.S._Securities_Exchange_Commission_Form_10-K-1] "U.S. Securities Exchange Commission Form 10-K - February 27, 2020" (PDF). Archived (PDF) from the original on 2020-07-06. Retrieved 2020-07-06.

[nyt1-2] Rodkin, Dennis (2004-04-02). "HAVENS; Condo Hotels Move Beyond Resort Towns". The New York Times. Archived from the original on 2016-01-05. Retrieved 2017-02-10.

[houseloses-3] Walshe, Sadhbh (2009-07-29). "In Las Vegas, the house loses". Guardian. London. Archived from the original on 2016-03-06. Retrieved 2016-12-12.

[hbr1-4] A. Eugene Kohn; John D. Macomber; Ben Creo (2009-01-12). "CityCenter (A): Vision and Design". Harvard Business Review: 3–4.

[hbr2-5] A. Eugene Kohn; John D. Macomber; Ben Creo (2009-01-13). "CityCenter (B): Economics and Delivery". Harvard Business Review: 2.

[6] "World's Biggest Construction Site" (PDF). 2.citycenter.com. Archived (PDF) from the original on 2 February 2017. Retrieved 10 September 2017.

[writedownsvaluation-7] "MGM Mirage to Take More Than $1 Billion in Write-Downs". Wall Street Journal. Archived from the original on 2017-08-12. Retrieved 2017-08-12.

[tracinda-8] "Kerkorian Stake in MGM Mirage Shrinks". Wall Street Journal. Archived from the original on 2017-08-12. Retrieved 2017-08-12.

[moneycnnnews-9] "MGM To Pay Back $825.6 Million In Debt Following Stock, Note Sales". CNN Money. 2009-05-19. Archived from the original on 2009-05-22.

[fnnegana-10] Finnegan, Amanda (15 June 2010). "MGM Mirage changes name, now MGM Resorts International". Las Vegas Sun. Las Vegas. Archived from the original on 26 April 2014. Retrieved 22 May 2014.

[11] "Inline XBRL Viewer". www.sec.gov. Archived from the original on 2021-12-24. Retrieved 2021-12-24.

[12] "MGM Resorts International Announces Plan to Create a REIT". Archived from the original on 2021-12-24. Retrieved 2021-12-24.

[13] Milligan, Michael, “MGM Mirage forms subsidiary to develop luxury hotels” Archived 2015-10-17 at the Wayback Machine, "Travel Weekly", May 29, 2007. Retrieved 14 May 2014.

[14] Ti, Zhuan. “Diaoyutai MGM Hospitality Expands Presence in China” Archived 2014-05-17 at the Wayback Machine, "China Daily", July 22, 2013. Retrieved 14 May 2014.

[15] Mac, Ryan. “MGM Joins Venture with Hakkasan to Build Non-Gaming Hotels Worldwide” Archived 2017-09-08 at the Wayback Machine "Forbes", April 15, 2014. Retrieved 14 May 2014.

[16] Form 10-K: Annual Report (Report). MGM Resorts International. February 29, 2016. p. 7. Archived from the original on May 25, 2016. Retrieved April 26, 2018 – via EDGAR.

[17] "MGM RESORTS INTERNATIONAL AND GVC HOLDINGS PLC ANNOUNCE JOINT VENTURE TO CREATE LEADING SPORTS BETTING AND INTERACTIVE GAMING PLATFORM IN THE U.S." Investors.mgmresorts.com (Press release). Archived from the original on 25 April 2021. Retrieved 1 May 2021.

[18] "MGM-GVC's US joint venture named Roar Digital". iGamingBusiness.com. 2019-01-09. Archived from the original on 2019-07-26. Retrieved 1 May 2021.

[19] "Buffalo Wild Wings Partners With BetMGM to Bring Sports Gaming Experiences to Fans Nationwide". Business Wire. 5 September 2019. Archived from the original on 2 May 2021. Retrieved 1 May 2021.

[BusinessWire-20] "Yahoo Sports, BetMGM enter historic partnership in sports betting". sports.yahoo.com. 29 October 2019. Retrieved 1 May 2021.

[21] Roberts, Daniel (1 August 2018). "NBA holds all the cards in sports betting deal with MGM". Yahoo! Finance. Archived from the original on 2 May 2021. Retrieved 1 May 2021.

[22] Rosen, Dan (29 October 2018). "NHL, MGM Resorts form sports betting partnership". NHL.com. Archived from the original on 2 May 2021. Retrieved 1 May 2021.

[23] Purdum, David; Rovell, Darren (27 November 2018). "MLB and MGM Resorts International strike gaming partnership". ESPN.com. Archived from the original on 2021-05-03. Retrieved 1 May 2021.

[24] "Broncos & BetMGM agree to multi-year sports betting partnership, which includes premium lounge at Empower Field at Mile High". denverbroncos.com. Archived from the original on 2021-05-02. Retrieved 2021-05-02.

[25] "Lions name BetMGM first official sports betting partner". detroitlions.com. Archived from the original on 2021-06-25. Retrieved 2021-05-02.

[26] "Raiders Make BetMGM their official betting partner". marketwatch.com. Archived from the original on 2021-05-02. Retrieved 2021-05-02.

[27] "Tennessee Titans Announce BetMGM As First Official Sports Betting Partner". tennesseetitans.com. Archived from the original on 2021-05-02. Retrieved 2021-05-02.

[28] "Pittsburgh Steelers announce gaming partnership with BetMGM". yahoo.com. Archived from the original on 2021-01-23. Retrieved 2021-05-02.

[29] "Detroit Red Wings renew and expand BetMGM strategic partnership". nhl.com. Archived from the original on 2021-05-02. Retrieved 2021-05-02.

[30] "A sportsbook is coming to Nationals Park as part of Nationals' new partnership with BetMGM". washingtonpost.com. Archived from the original on 2021-02-04. Retrieved 2021-05-02.

[31] "Team Announces BetMGM as an Official Sports Betting Partner". nba.com. Archived from the original on 2021-05-02. Retrieved 2021-05-02.

[32] "SPORTS BETTING IS COMING TO A DRIVING RANGE NEAR YOU". sportico.com. 19 February 2021. Archived from the original on 2 May 2021. Retrieved 2 May 2021.

[33] "Baltimore Ravens announce sports betting partnership with BetMGM". Baltimore Sun. 19 May 2021. Archived from the original on 8 June 2021. Retrieved 8 June 2021.

[34] "New York Online Sports Betting Licenses Awarded by Gaming Commission (Updated)". 8 November 2021. Archived from the original on 10 November 2021. Retrieved 10 November 2021.

[35] "MSG Sports And MSG Entertainment Announce Multi-Year Marketing Partnership With BetMGM". finance.yahoo.com. Archived from the original on 2021-11-10. Retrieved 2021-11-10.

[36] "NJ TRANSIT PARTNERS WITH BETMGM ON NAMING RIGHTS FOR MEADOWLANDS RAIL LINE". New Jersey Transit. Archived from the original on 15 September 2022. Retrieved 15 September 2022.

[37] "VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC". 29 April 2022. Archived from the original on 16 May 2022. Retrieved 16 May 2022.

[38] "Blackstone Makes a Big Bet with Bellagio: Validation Drives Valuation". Forbes. Archived from the original on 2021-06-02. Retrieved 2021-05-30.

[39] "MGM RESORTS INTERNATIONAL ANNOUNCES TRANSACTION TO ACQUIRE THE OPERATIONS OF THE COSMOPOLITAN OF LAS VEGAS". Archived from the original on 2021-12-20. Retrieved 2022-01-25.

[40] "MGM RESORTS INTERNATIONAL CLOSES PURCHASE OF INFINITY WORLD'S 50% INTEREST IN CITYCENTER AND COMPLETES SALE-LEASEBACK TRANSACTION OF CITYCENTER REAL ESTATE ASSETS WITH BLACKSTONE". Archived from the original on 2021-11-17. Retrieved 2021-11-17.

[41] Form 10-K: Annual Report (Report). MGM Resorts International. March 1, 2018. p. 72. Archived from the original on July 16, 2022. Retrieved April 26, 2018 – via EDGAR.

[42] "About Us". Diaoyutai MGM Hospitality. Archived from the original on 2018-04-27. Retrieved 2018-04-26.

[43] Form 10-K: Annual Report (Report). MGM Resorts International. March 1, 2018. p. 4. Archived from the original on July 16, 2022. Retrieved April 26, 2018 – via EDGAR.

[44] "MGM Mirage Aviation Fleet". 14 March 2020. Archived from the original on 20 July 2020. Retrieved 20 July 2020.

[45] Rocco, Matthew (24 January 2019). "MGM board to evaluate real estate portfolio". FT.com. Archived from the original on 2022-12-10. Retrieved 5 February 2019.

[46] Bean, Jason (8 January 2019). "Sandoval announces his next gig: President of MGM Resorts' international expansion push". Reno Gazette Journal. Retrieved 5 February 2019.

[47] Prince, Todd (29 July 2019). "MGM in talks with sports betting company about joint venture". Las Vegas Review-Journal. Archived from the original on 7 February 2019. Retrieved 5 February 2019.

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 ==History==
+{{Main|History of MGM Resorts}}
-===Background and early ventures (1969–1988)===
-The company's background can be traced to 1969, when airline and casino tycoon [[Kirk Kerkorian]] bought a controlling stake in the [[Metro-Goldwyn-Mayer]] (MGM) film studio.<ref>{{cite news|title=MGM/UA under Kerkorian meant 20 years of change|newspaper=Los Angeles Times|date=March 8, 1990|url=http://articles.latimes.com/1990-03-08/business/fi-2987_1_mgm-grand|access-date=2013-08-17|archive-date=2013-09-21|archive-url=https://web.archive.org/web/20130921061225/http://articles.latimes.com/1990-03-08/business/fi-2987_1_mgm-grand|url-status=live}}</ref> In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and [[Western Airlines]], and was forced to sell a majority of his casino company, International Leisure, to [[Hilton Hotels]] at a steep discount.<ref name=aarons>{{cite news|title=MGM's tale of woe and wizardry|newspaper=Washington Post|author=Leroy F. Aarons|date=December 9, 1973|id={{ProQuest|148369919}}}} {{subscription required|via=ProQuest}}</ref><ref>{{cite news|title=Hilton to buy 6% more of International Leisure|newspaper=Los Angeles Times|author=Paul E. Steiger|date=March 12, 1971|id={{ProQuest|156673172}}}} {{subscription required|via=ProQuest}}</ref> When the [[Las Vegas Hilton]], the casino he had built, subsequently became the most successful hotel in Las Vegas, Kerkorian was inspired to lead the studio into the gambling industry.<ref name=aarons /> It opened the original [[MGM Grand Hotel and Casino]] (now Horseshoe Las Vegas) in 1973.<ref>{{cite news|title=Flat opening for a Grand hotel|newspaper=Washington Post|author=Leroy F. Aarons|date=December 7, 1973|id={{ProQuest|148348965}}}} {{subscription required|via=ProQuest}}</ref> The [[MGM Grand Reno]] followed in 1978.<ref>{{cite news|title=High rolling in Reno|newspaper=Washington Post|date=May 6, 1978|author=Lou Cannon|id={{ProQuest|147025911}}}} {{subscription required|via=ProQuest}}</ref>
-By 1979, the two hotel-casinos accounted for most of MGM's income, and the company announced a plan to split itself in two.<ref>{{cite news|title=MGM may split, become movie-TV, casino firms|newspaper=Los Angeles Times|author=Al Delugach|date=November 15, 1979|id={{ProQuest|162726928}}}} {{subscription required|via=ProQuest}}</ref> The next year, the film studio was [[Corporate spin-off|spun off]] as a new company, while the original company, renamed as MGM Grand Hotels Inc., retained the two hotel-casinos.<ref name=hollie>{{cite news|title=MGM Film offer made, withdrawn|newspaper=New York Times|author=Pamela G. Hollie|date=June 3, 1980|id={{ProQuest|423947977}}}} {{subscription required|via=ProQuest}}</ref> Kerkorian held a 47 percent stake in both companies.<ref name=hollie />
-In 1985, Kerkorian began seeking a buyer for MGM Grand Hotels, to allow him to concentrate on running [[United Artists]] and on developing new properties under the MGM Grand name.<ref>{{cite news|title=Bally-MGM Grand deal announced|newspaper=New York Times|author=Richard W. Stevenson|date=November 18, 1985|url=http://global.factiva.com/redir/default.aspx?P=sa&an=NYTF000020050505dhbi00v26&cat=a&ep=ASE|access-date=August 18, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607190833/http://global.factiva.com/redir/default.aspx?P=sa&an=NYTF000020050505dhbi00v26&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> A deal was reached for [[Bally Manufacturing]] to buy the company; the deal closed in April 1986,<ref>{{cite news|title=Bally completes purchase of MGM Grand Hotels|newspaper=Wall Street Journal|date=April 28, 1986|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011119di4s00bj6&cat=a&ep=ASE|access-date=August 18, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004640/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011119di4s00bj6&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> and the two casinos were renamed under the Bally's brand.<ref>{{cite news|title=Bally Plays Nevada Game Before Rolling Dice Again|newspaper=Crain's Chicago Business|author=Lewis Lazare|date=May 18, 1987|url=http://global.factiva.com/redir/default.aspx?P=sa&an=cchi000020011118dj5i00037&cat=a&ep=ASE|access-date=August 18, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193427/http://global.factiva.com/redir/default.aspx?P=sa&an=cchi000020011118dj5i00037&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The terms of the sale allowed Kerkorian to retain rights to the MGM Grand name, and plans were announced to offer the stockholders of MGM Grand Hotels shares in a new company that would hold the naming rights.<ref>{{cite news|title=MGM Grand holders will be offered stock in new company|newspaper=Dow Jones News Service|date=December 30, 1985|url=http://global.factiva.com/redir/default.aspx?P=sa&an=dj00000020011125dhcu01ahc&cat=a&ep=ASE|access-date=August 18, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193025/http://global.factiva.com/redir/default.aspx?P=sa&an=dj00000020011125dhcu01ahc&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-The company now known as MGM Resorts International was formed in 1986 as '''Grand Name Co.'''<ref name=edgar94>{{cite report|title=Form 10-K|publisher=MGM Grand Inc.|url=https://www.sec.gov/Archives/edgar/data/789570/0000898430-94-000218.txt|date=March 29, 1994|page=1|access-date=August 27, 2017|archive-date=August 27, 2017|archive-url=https://web.archive.org/web/20170827173142/https://www.sec.gov/Archives/edgar/data/789570/0000898430-94-000218.txt|url-status=live}}</ref> as a subsidiary of Kerkorian's [[Tracinda Corporation]].<ref>{{cite news|title=Tracinda names new president, unveils MGM unit|newspaper=Wall Street Journal|date=July 29, 1987|author=Roy J. Harris Jr.|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011118dj7t00j9p&cat=a&ep=ASE|access-date=November 18, 2012|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004751/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011118dj7t00j9p&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> It was renamed in 1987 as '''MGM Grand, Inc.'''<ref name=edgar94 />
-The company's first venture was [[MGM Grand Air]], a luxury airline offering service between New York and Los Angeles, which launched in September 1987.<ref>{{cite news|title=MGM Grand Air takes a flier in luxury service|date=September 7, 1987|newspaper=Los Angeles Times|first=Denise|last=Gellene|url=http://articles.latimes.com/1987-09-07/business/fi-4177_1_new-airline|access-date=2012-11-18|archive-date=2012-11-04|archive-url=https://web.archive.org/web/20121104132635/http://articles.latimes.com/1987-09-07/business/fi-4177_1_new-airline|url-status=live}}</ref> The company also made an offer to take over financially struggling [[Pan American World Airways]], but this offer was rejected by Pan Am's board in November 1987.<ref>{{cite news|title=Kerkorian drops bid for Pan American, but Braniff continues to show interest|newspaper=Wall Street Journal|date=November 20, 1987|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011118djbk00rff&cat=a&ep=ASE|access-date=November 18, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607184750/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011118djbk00rff&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-In August 1987, MGM Grand bid $152 million for the bankrupt [[Dunes (hotel and casino)|Dunes Hotel]] in Las Vegas, but was beat out by Japanese billionaire [[Masao Nangaku]].<ref>{{cite news|title=Japanese bid wins Las Vegas casino|newspaper=New York Times|agency=AP|date=August 5, 1987|url=https://www.nytimes.com/1987/08/05/business/company-news-japanese-bid-wins-las-vegas-casino.html|access-date=2012-11-17|archive-date=2015-05-24|archive-url=https://web.archive.org/web/20150524204506/http://www.nytimes.com/1987/08/05/business/company-news-japanese-bid-wins-las-vegas-casino.html|url-status=live}}</ref> Instead, the company acquired the [[Desert Inn]] and [[Sands Hotel|Sands]] casinos in February 1988 from [[Summa Corporation]] for $167 million.<ref>{{cite news|title=Tracinda unit completes buy|newspaper=Wall Street Journal|date=February 3, 1988|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011117dk2300323&cat=a&ep=ASE|access-date=November 18, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192732/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011117dk2300323&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The Sands was sold to [[Sheldon Adelson]]'s Interface Group for $110 million in April 1989.<ref>{{cite news|title=MGM Grand's sale of Sands|newspaper=Wall Street Journal|date=May 1, 1989|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dl5100bl7&cat=a&ep=ASE|access-date=November 18, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193724/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dl5100bl7&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-===First casino developments (1989–1999)===
-In September 1989, the company announced plans for a $700-million Hollywood-themed complex, including a 4,000-room hotel and a theme park.<ref name=turner>{{cite news|title=Kerkorian plans movie theme park, hotel in Las Vegas|newspaper=Wall Street Journal|first=Richard|last=Turner|date=September 20, 1989|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dl9k00p4x&cat=a&ep=ASE|access-date=November 19, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607194000/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dl9k00p4x&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The Desert Inn site was initially considered as a location for the project,<ref name=turner /> but within weeks the location was finalized as the [[Marina Hotel and Casino]] and the [[Tropicana Country Club]],<ref>{{cite news|title=MGM Grand expands its plan to build Las Vegas studio theme park and hotel|newspaper=Wall Street Journal|first=David J.|last=Jefferson|date=October 4, 1989|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dla400qdh&cat=a&ep=ASE|access-date=November 19, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192210/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dla400qdh&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> which MGM Grand acquired for $93 million plus $30 million in stock.<ref>{{cite news|title=MGM Grand to pay $93 million, stock for resort site|newspaper=Wall Street Journal|first=David J.|last=Jefferson|date=October 26, 1989|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dlaq00snv&cat=a&ep=ASE|access-date=November 19, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193924/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011116dlaq00snv&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The company put the Desert Inn up for sale to focus efforts on the new project,<ref>{{cite news|title=MGM Grand seeks a buyer for hotel|newspaper=New York Times|date=August 29, 1990|url=https://www.nytimes.com/1990/08/29/business/company-news-mgm-grand-seeks-a-buyer-for-hotel.html|access-date=2012-11-19|archive-date=2015-05-25|archive-url=https://web.archive.org/web/20150525203229/http://www.nytimes.com/1990/08/29/business/company-news-mgm-grand-seeks-a-buyer-for-hotel.html|url-status=live}}</ref> but found no outside bidders, and agreed to sell it to Tracinda for $130 million.<ref>{{cite news|title=Desert Inn bought by Tracinda|newspaper=Las Vegas Review-Journal|date=July 24, 1991|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011109dn7o009d3&cat=a&ep=ASE|access-date=November 19, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607191955/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011109dn7o009d3&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Construction on the [[MGM Grand Las Vegas]] and the [[MGM Grand Adventures Theme Park|MGM Grand Adventures theme park]] began in October 1991,<ref>{{cite news|title=MGM park officially under way|newspaper=Las Vegas Review-Journal|first=Tom|last=Dye|date=October 8, 1991|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011109dna800ea8&cat=a&ep=ASE|access-date=November 19, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192124/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011109dna800ea8&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> and the property opened in December 1993 at a final cost of $1 billion.<ref>{{cite news|title=MGM draws glittering reviews|newspaper=Las Vegas Review-Journal|first=Dave|last=Palermo|date=December 19, 1993|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011101dpcj00p9l&cat=a&ep=ASE|access-date=November 19, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193104/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011101dpcj00p9l&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The park permanently closed in 2002 due to a lack of interest.<ref name=sun2012>{{cite web|url= http://lasvegassun.com/news/2012/feb/23/shuttered-child-friendly-atractionsmultiplier/|title= Sun's list of shuttered family-friendly Vegas attractions|last= Clifford-Cruz|first= Rebecca|date= February 23, 2012|work= Las Vegas Sun|access-date= October 31, 2015|archive-date= September 15, 2015|archive-url= https://web.archive.org/web/20150915223823/http://lasvegassun.com/news/2012/feb/23/shuttered-child-friendly-atractionsmultiplier/|url-status= live}}</ref>
-The company moved its headquarters from Beverly Hills to Las Vegas in July 1992.<ref>{{cite news|title=MGM to move headquarters|newspaper=Las Vegas Review-Journal|date=June 4, 1992|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011108do64008g9&cat=a&ep=ASE|access-date=November 19, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607191618/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011108do64008g9&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-During construction of the MGM Grand, the company acquired an option to buy an 18-acre site across the street from the project.<ref>{{cite news|title=Kerkorian to buy corner of Tropicana, Strip|newspaper=Las Vegas Review-Journal|first=Jeff|last=Burbank|date=November 14, 1992|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011108dobe00jba&cat=a&ep=ASE|access-date=November 20, 2012|archive-date=September 7, 2021|archive-url=https://web.archive.org/web/20210907170210/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011108dobe00jba&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> [[Gary Primm]] of [[Primadonna Resorts]] approached MGM president Bob Maxey in 1994 with an idea for the site: a casino recreating the New York skyline.<ref>{{cite news|title=New resort to join Strip lineup|newspaper=Las Vegas Review-Journal|first=Dave|last=Palermo|date=August 5, 1994|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011102dq85003br&cat=a&ep=ASE|access-date=November 20, 2012|archive-date=January 3, 2015|archive-url=https://web.archive.org/web/20150103115507/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011102dq85003br&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> A joint venture was formed between the two companies, and construction began in March 1995.<ref>{{cite news|title=Las Vegas gets taste of Big Apple|newspaper=Las Vegas Review-Journal|first=Marian|last=Green|date=March 31, 1995|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011025dr3v003fs&cat=a&ep=ASE|access-date=November 20, 2012|archive-date=January 3, 2015|archive-url=https://web.archive.org/web/20150103114723/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011025dr3v003fs&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Completed at a cost of $460 million, the [[New York-New York Hotel and Casino]] opened in January 1997.<ref>{{cite news|title=Visitors rush to see little Big Apple|newspaper=Las Vegas Review-Journal|first=Dave|last=Berns|date=January 4, 1997|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011007dt140005z&cat=a&ep=ASE|access-date=November 20, 2012|archive-date=November 7, 2017|archive-url=https://web.archive.org/web/20171107024520/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011007dt140005z&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-With New York-New York under development, MGM Grand made moves to expand in several other markets. An exploratory agreement to develop two casinos on the Chinese island of [[Hainan]] was announced in August 1994,<ref>{{cite news|title=Vegas gaming company considering projects in China|newspaper=Associated Press|date=August 9, 1994|url=https://apnews.com/19741701369b72b51b8107189f533a54|access-date=2012-11-26|archive-date=2020-04-22|archive-url=https://web.archive.org/web/20200422141314/https://apnews.com/19741701369b72b51b8107189f533a54|url-status=live}}</ref> but came to nothing. In [[Darwin, Australia]], a lucrative market attracting high rollers from Pacific Rim countries,<ref>{{cite news|title=MGM Grand shows interest in buying Australian casino|newspaper=Las Vegas Review-Journal|first=Dave|last=Palermo|date=March 18, 1995|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011025dr3i002yp&cat=a&ep=ASE|access-date=November 27, 2012|archive-date=April 19, 2015|archive-url=https://web.archive.org/web/20150419220128/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020011025dr3i002yp&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> the company considered building a hotel,<ref>{{cite news|title=MGM Grand project joins rush to end Darwin hotel squeeze|newspaper=Australian Financial Review|first=Fiona|last=Smith|date=March 7, 1995|url=http://global.factiva.com/redir/default.aspx?P=sa&an=AFNR000020111225dr3701btz&cat=a&ep=ASE|access-date=November 27, 2012|archive-date=April 19, 2015|archive-url=https://web.archive.org/web/20150419220138/http://global.factiva.com/redir/default.aspx?P=sa&an=AFNR000020111225dr3701btz&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> but instead bought the [[MGM Grand Darwin|Diamond Beach Hotel and Casino]],<ref>{{cite news|title=Gambling concern acquires Australian casino, hotel|newspaper=Wall Street Journal|date=8 September 1995|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011025dr9800le8&cat=a&ep=ASE|access-date=27 November 2012|archive-date=19 April 2015|archive-url=https://web.archive.org/web/20150419220142/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011025dr9800le8&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> renaming it as the MGM Grand Darwin. MGM announced plans for an [[Atlantic City]] casino in July 1996.<ref>{{cite news|title=MGM to Build Atlantic City casino, joining others heading for resort area|newspaper=Wall Street Journal|first=Bruce|last=Orwall|date=July 10, 1996|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011014ds7a00j4j&cat=a&ep=ASE|access-date=November 27, 2012|archive-date=April 19, 2015|archive-url=https://web.archive.org/web/20150419220140/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011014ds7a00j4j&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> In Michigan, where voters approved casinos in November 1996, MGM made plans for a bid on one of the three available gaming licenses,<ref>{{cite news|title=MGM Grand plans aggressive move in Detroit|newspaper=Reuters|date=January 10, 1997|first=Bob|last=Tourtellotte|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lba0000020011002dt1a07wka&cat=a&ep=ASE|access-date=November 27, 2012|archive-date=April 19, 2015|archive-url=https://web.archive.org/web/20150419220146/http://global.factiva.com/redir/default.aspx?P=sa&an=lba0000020011002dt1a07wka&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> which would eventually be approved and open in July 1999 as the [[MGM Grand Detroit]].<ref>{{cite news|title=Detroit, still blighted, puts hopes in casinos|newspaper=New York Times|first=Robyn|last=Meredith|date=July 30, 1999|url=https://www.nytimes.com/1999/07/30/us/detroit-still-blighted-puts-hopes-in-casinos.html|access-date=2012-11-26|archive-date=2015-04-20|archive-url=https://web.archive.org/web/20150420003940/http://www.nytimes.com/1999/07/30/us/detroit-still-blighted-puts-hopes-in-casinos.html|url-status=live}}</ref>
-In [[South Africa]], with casino gambling newly authorized, MGM announced plans in August 1996 to develop 15 properties in conjunction with [[Tsogo Sun]].<ref>{{cite news|title=MGM Grand to seek casino licenses in South Africa|newspaper=Wall Street Journal|first=Bruce|last=Orwall|date=August 1, 1996|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011014ds8100mse&cat=a&ep=ASE|access-date=November 27, 2012|archive-date=October 17, 2015|archive-url=https://web.archive.org/web/20151017202422/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020011014ds8100mse&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The first, a temporary casino in [[Johannesburg]]'s [[Coca-Cola Dome|Sundome]], opened in October 1998.<ref>{{cite press release|title=MGM Grand, Inc. opens casino in Johannesburg, South Africa|publisher=MGM Grand|date=October 2, 1998|url=http://www.casinocitytimes.com/news/article/mgm-grand-inc-opens-casino-in-johannesburg-south-africa-116078|access-date=2012-11-26|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://www.casinocitytimes.com/news/article/mgm-grand-inc-opens-casino-in-johannesburg-south-africa-116078|url-status=live}}</ref> Three more casinos followed before MGM agreed to sell out its interest in the properties to Tsogo Sun in November 2001.<ref>{{cite news|title=MGM Mirage selling management operations in South Africa|newspaper=Associated Press|first=Ken|last=Ritter|date=November 8, 2001|url=http://global.factiva.com/redir/default.aspx?P=sa&an=aprs000020011108dxb800x1p&cat=a&ep=ASE|access-date=November 27, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607190720/http://global.factiva.com/redir/default.aspx?P=sa&an=aprs000020011108dxb800x1p&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-Since the initiation of New York-New York, analysts had speculated that MGM Grand or Primadonna would buy out the other's interest in the project.<ref>{{cite news|title=MGM makes $600 million offer to buy Primadonna|first=Hubble|last=Smith|newspaper=Las Vegas Review-Journal|date=November 10, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020010917duba00jqo&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192406/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020010917duba00jqo&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Instead of making such a cash-intensive purchase,<ref>{{cite news|title=Primadonna declines MGM buyout|first=Dave|last=Berns|newspaper=Las Vegas Review-Journal|date=October 15, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020010917duaf00i6v&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607185847/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020010917duaf00i6v&cat=a&ep=ASE|url-status=live}}</ref> however, MGM agreed to buy Primadonna outright for $276 million in stock plus $336 million in assumed debt.<ref>{{cite news|title=MGM Grand agrees to buy Primadonna in $276.1 million deal|newspaper=Wall Street Journal|date=November 10, 1998|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020010917duba00spa&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=October 17, 2015|archive-url=https://web.archive.org/web/20151017202422/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020010917duba00spa&cat=a&ep=ASE|url-status=live}}</ref> The merger closed in March 1999,<ref>{{cite news|title=MGM Grand/Primadonna Resorts Buy -2: In Stock Swap|newspaper=Dow Jones News Service|date=March 1, 1999|url=http://global.factiva.com/redir/default.aspx?P=sa&an=dj00000020010827dv3104zt8&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192252/http://global.factiva.com/redir/default.aspx?P=sa&an=dj00000020010827dv3104zt8&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> giving MGM ownership of three casinos and two golf courses at the Nevada–California state line, in addition to full control of New York-New York.<ref>{{Cite web |last=Thompson |first=Gary |date=1998-11-09 |title=MGM Grand strikes deal to buy Primadonna - Las Vegas Sun Newspaper |url=https://lasvegassun.com/news/1998/nov/09/mgm-grand-strikes-deal-to-buy-primadonna/ |access-date=2022-11-02 |website=lasvegassun.com |language=en |archive-date=2022-11-02 |archive-url=https://web.archive.org/web/20221102203151/https://lasvegassun.com/news/1998/nov/09/mgm-grand-strikes-deal-to-buy-primadonna/ |url-status=live }}</ref>
-===Mirage Resorts merger (2000)===
-In February 2000, MGM Grand made an unsolicited offer of $17 a share to buy [[Mirage Resorts]], which had floundered due to disappointing results at its new [[Beau Rivage (Mississippi)|Beau Rivage]] and [[Bellagio (resort and casino)|Bellagio]] resorts.<ref>{{cite news|title=MGM Grand makes $3.3 billion unsolicited offer for Mirage|newspaper=New York Times|first=Andrew|last=Pollack|date=February 24, 2000|url=https://www.nytimes.com/2000/02/24/business/mgm-grand-makes-3.3-billion-unsolicited-offer-for-mirage.html|access-date=2012-12-08|archive-date=2014-07-14|archive-url=https://web.archive.org/web/20140714215538/http://www.nytimes.com/2000/02/24/business/mgm-grand-makes-3.3-billion-unsolicited-offer-for-mirage.html|url-status=live}}</ref> Analysts expected a protracted battle, with Mirage founder [[Steve Wynn]] seen as unwilling to give up control but under pressure from institutional investors.<ref>{{cite news|title=Severance Package Set for Mirage Chief|newspaper=The New York Times|date=March 14, 2000|url=https://www.nytimes.com/2000/03/14/business/severance-package-set-for-mirage-chief.html|access-date=2014-07-03|archive-date=2015-04-20|archive-url=https://web.archive.org/web/20150420003927/http://www.nytimes.com/2000/03/14/business/severance-package-set-for-mirage-chief.html|url-status=live}}</ref><ref>{{cite news|title=Playing in Vegas: two titans in takeover drama|newspaper=Wall Street Journal|first1=Christina|last1=Brinkley|first2=Nikhil|last2=Deogun|date=February 24, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020010807dw2o0066i&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=July 14, 2014|archive-url=https://web.archive.org/web/20140714231055/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020010807dw2o0066i&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Mirage rejected the offer,<ref>{{cite news|title=Mirage rejects MGM Grand bid|newspaper=Las Vegas Review-Journal|first=Jeff|last=Simpson|date=March 1, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020010808dw31002sj&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=July 15, 2014|archive-url=https://web.archive.org/web/20140715001305/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020010808dw31002sj&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> but Wynn met with Kerkorian the next day and named a price of $21 a share.<ref>{{cite news|title=Wynn pushed Mirage price up|newspaper=Las Vegas Review-Journal|first=Dave|last=Berns|date=March 27, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020010808dw3r004c3&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=July 14, 2014|archive-url=https://web.archive.org/web/20140714160126/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020010808dw3r004c3&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The companies agreed on the higher price, for a total of $4.4 billion plus $2 billion in assumed debt.<ref>{{cite news|title=Financing, Wynn role seen keys in Mirage-MGM merger|newspaper=Capital Markets Report|first1=Pailavi|last1=Gogoi|first2=Shella|last2=Calamba|date=March 6, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=cm00000020010804dw36006zw&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=July 14, 2014|archive-url=https://web.archive.org/web/20140714233301/http://global.factiva.com/redir/default.aspx?P=sa&an=cm00000020010804dw36006zw&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The merger closed in May 2000,<ref>{{cite news|title=Stockholders, Nevada regulators approve $6.4 billion merger|newspaper=Associated Press Newswires|first=Robert|last=Macy|date=May 30, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=aprs000020010803dw5u0bai4&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=July 14, 2014|archive-url=https://web.archive.org/web/20140714213137/http://global.factiva.com/redir/default.aspx?P=sa&an=aprs000020010803dw5u0bai4&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> giving MGM ownership of the [[The Mirage|Mirage]], [[Treasure Island Hotel and Casino|Treasure Island]], Bellagio, [[Boardwalk Hotel and Casino|Boardwalk]], and [[Golden Nugget Las Vegas|Golden Nugget]] casinos in Las Vegas, the [[Golden Nugget Laughlin|Golden Nugget]] in Laughlin, and the Beau Rivage in Mississippi, and a half share of the [[Monte Carlo Resort and Casino|Monte Carlo]]. The company changed its name to MGM Mirage in August 2000.<ref>{{cite news|title=Stock listing changes|newspaper=Wall Street Journal|date=August 2, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020010807dw8200jvv&cat=a&ep=ASE|access-date=December 8, 2012|archive-date=July 14, 2014|archive-url=https://web.archive.org/web/20140714190045/http://global.factiva.com/redir/default.aspx?P=sa&an=j000000020010807dw8200jvv&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Mirage had also owned a half stake in the [[Borgata]], a planned casino in Atlantic City, in a joint venture managed by [[Boyd Gaming]].<ref>{{cite news|title=Joint Jersey project to start|newspaper=Las Vegas Review-Journal|first1=Dave|last1=Berns|first2=Jeff|last2=Simpson|date=September 21, 2000|url=http://www.reviewjournal.com/lvrj_home/2000/Sep-21-Thu-2000/business/14435726.html|access-date=2012-12-11|archive-date=2004-11-30|archive-url=https://web.archive.org/web/20041130054109/http://www.reviewjournal.com/lvrj_home/2000/Sep-21-Thu-2000/business/14435726.html|url-status=live}}</ref> Work on the Borgata continued apace, and it would open in July 2003.<ref>{{cite news|title=Borgata opens doors|newspaper=Las Vegas Review-Journal|first=Tony|last=Batt|date=July 3, 2003|url=http://www.reviewjournal.com/lvrj_home/2003/Jul-03-Thu-2003/business/21656981.html|access-date=2012-12-11|archive-date=2005-03-05|archive-url=https://web.archive.org/web/20050305235740/http://www.reviewjournal.com/lvrj_home/2003/Jul-03-Thu-2003/business/21656981.html|url-status=live}}</ref>
-===Stalled developments (2001–2004)===
-In 2001 and 2002, following the merger with Mirage, the company explored options for its next major development project, including in the Las Vegas, Atlantic City, Chicago, and Macau markets.<ref>{{cite news|title=MGM Mirage sees Atlantic City as next big project|newspaper=Reuters News|date=February 12, 2002|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lba0000020020212dy2c00yvu&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607194004/http://global.factiva.com/redir/default.aspx?P=sa&an=lba0000020020212dy2c00yvu&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The 55-acre site of the Boardwalk casino on the Las Vegas Strip was earmarked for a technologically advanced megaresort targeting a [[Generation X]] demographic.<ref>{{cite news|title=MGM Mirage shifts gears, will delay Strip development|newspaper=Las Vegas Review-Journal|author=Dave Berns|date=January 18, 2001|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020010712dx1i0027h&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193928/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020010712dx1i0027h&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> In Atlantic City, MGM shifted focus from its previously announced boardwalk site to a proposed billion-dollar hotel and casino on a 55-acre tract adjacent to the Borgata, where Wynn had planned to build the Le Jardin casino.<ref>{{cite news|title=MGM Grand plans second Atlantic City, N.J., casino|newspaper=Knight Ridder Tribune Business News|author=Judy DeHaven|date=November 12, 2000|url=http://global.factiva.com/redir/default.aspx?P=sa&an=krtbn00020010807dwbc0249r&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004822/http://global.factiva.com/redir/default.aspx?P=sa&an=krtbn00020010807dwbc0249r&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref><ref>{{cite news|title=MGM Mirage chief patient on development|newspaper=Las Vegas Review-Journal|author=Jeff Simpson|date=July 26, 2003|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020030728dz7q0000d&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192207/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020030728dz7q0000d&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> In the Chicago market, MGM agreed to pay $600 million to buy the unfinished Emerald Casino in [[Rosemont, Illinois]], whose investors had been accused of ties to organized crime.<ref>{{cite news|title=MGM rolling dice on Rosemont|newspaper=Crain's Chicago Business|author=Patricia Richardson|date=January 21, 2002|url=http://global.factiva.com/redir/default.aspx?P=sa&an=cchi000020020125dy1l00008&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607190226/http://global.factiva.com/redir/default.aspx?P=sa&an=cchi000020020125dy1l00008&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The deal was rejected, however, by state gaming regulators,<ref>{{cite news|title=State kills MGM, Emerald casino deal|newspaper=Chicago Daily Herald|author1=Shamus Toomey|author2=Cass Cliatt|date=March 23, 2002|url=http://global.factiva.com/redir/default.aspx?P=sa&an=dhld000020020326dy3n0005e&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193452/http://global.factiva.com/redir/default.aspx?P=sa&an=dhld000020020326dy3n0005e&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> and MGM then backed off its effort, saying that Illinois's casino tax was too high.<ref>{{cite news|title=Casino buyout off the table|newspaper=Chicago Tribune|author=Douglas Holt|date=June 5, 2002|url=http://articles.chicagotribune.com/2002-06-05/news/0206050388_1_mgm-mirage-illinois-gaming-board-emerald-casino|access-date=2013-04-13|archive-date=2012-12-17|archive-url=https://web.archive.org/web/20121217110506/http://articles.chicagotribune.com/2002-06-05/news/0206050388_1_mgm-mirage-illinois-gaming-board-emerald-casino|url-status=live}}</ref> In Macau, where [[Stanley Ho]]'s 40-year government-granted monopoly on gambling was coming to an end, MGM submitted a bid for one of three available gaming concessions,<ref>{{cite news|title=Macau draws 21 bids for casino licences|newspaper=Reuters News|date=December 7, 2001|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lba0000020011207dxc700uey&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607190844/http://global.factiva.com/redir/default.aspx?P=sa&an=lba0000020011207dxc700uey&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> but it was not selected, losing out to Ho, [[Las Vegas Sands]], and [[Wynn Resorts]].<ref>{{cite news|title=U.S. casinos break monopoly in Macau|newspaper=Honolulu Advertiser|agency=AP|author=Elaine Kurtenbach|date=February 9, 2002|url=http://the.honoluluadvertiser.com/article/2002/Feb/09/bz/bz07a.html|access-date=2013-04-13|archive-date=2015-06-07|archive-url=https://web.archive.org/web/20150607192129/http://the.honoluluadvertiser.com/article/2002/Feb/09/bz/bz07a.html|url-status=live}}</ref>
-MGM made moves into the United Kingdom market after a 2001 government report called for loosening of the country's gambling regulations.<ref name=benston>{{cite news|title=MGM Mirage entering U.K.'s casino market|newspaper=Las Vegas Sun|author=Liz Benston|date=May 27, 2003|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvsn000020030529dz5r000bb&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004755/http://global.factiva.com/redir/default.aspx?P=sa&an=lvsn000020030529dz5r000bb&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> It opened an online casino, playmgmmirage.com, licensed in the [[Isle of Man]], a British dependency,<ref>{{cite news|title=New Web casino taking bets|newspaper=Las Vegas Review-Journal|author=Jeff Simpson|date=October 2, 2002|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020021003dya200001&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=October 17, 2015|archive-url=https://web.archive.org/web/20151017202422/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020021003dya200001&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> and it applied for a license to run an online sports betting site in the U.K.<ref>{{cite news|title=MGM Mirage moves in on UK bookies with licence request|newspaper=New Media Age|date=November 15, 2001|url=http://global.factiva.com/redir/default.aspx?P=sa&an=newmed0020011121dxbf001p6&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193148/http://global.factiva.com/redir/default.aspx?P=sa&an=newmed0020011121dxbf001p6&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> It acquired a twenty-five percent stake in a company developing the small Triangle Casino in [[Bristol]],<ref name=benston /> which went on to open its doors in February 2004.<ref>{{cite news|title=500 sign up for casino|newspaper=Bristol Evening Post|date=March 10, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=FBEP000020040311e03a0000u&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192824/http://global.factiva.com/redir/default.aspx?P=sa&an=FBEP000020040311e03a0000u&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> It inked deals to build casinos at the [[Olympia (London)|Olympia Exhibition Centre]] in London,<ref>{{cite news|title=MGM Mirage in deal for U.K. casino|newspaper=Las Vegas Sun|author=Liz Benston|date=October 28, 2003|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVSN000020031029dzas0000v&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192846/http://global.factiva.com/redir/default.aspx?P=sa&an=LVSN000020031029dzas0000v&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> [[St James' Park]] in Newcastle,<ref>{{cite news|title=Newcastle United Forms Joint Venture With MGM Mirage|newspaper=Dow Jones International News|date=November 15, 2003|url=http://global.factiva.com/redir/default.aspx?P=sa&an=DJI0000020031119dzbj000pl&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193813/http://global.factiva.com/redir/default.aspx?P=sa&an=DJI0000020031119dzbj000pl&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> [[Meadowhall Shopping Centre]] in Sheffield,<ref>{{cite news|title=MGM Mirage signs deal to build casino in United Kingdom|newspaper=Associated Press|author=Adam Goldman|date=February 3, 2004|url=https://apnews.com/7972fc0f8c5fd0581be6b2aa6e3494b6|access-date=January 16, 2023|archive-date=December 4, 2022|archive-url=https://web.archive.org/web/20221204084420/https://apnews.com/7972fc0f8c5fd0581be6b2aa6e3494b6|url-status=live}}</ref> the [[National Exhibition Centre]] in Birmingham,<ref>{{cite news|title=MGM Mirage chosen for Birmingham, England, casino|newspaper=Reuters News|date=December 13, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LBA0000020051213e1cd0000j&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193759/http://global.factiva.com/redir/default.aspx?P=sa&an=LBA0000020051213e1cd0000j&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> [[Sportcity]] in Manchester, [[Glasgow Harbour]], [[King's Dock, Port of Liverpool|King's Waterfront]] in Liverpool, and at a proposed stadium in [[Salford, Greater Manchester|Salford]].<ref>{{cite news|title=US casino company, British firm plan projects in four UK cities|newspaper=Associated Press Newswires|author=Ken Ritter|date=April 19, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=APRS000020040419e04j00at2&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004652/http://global.factiva.com/redir/default.aspx?P=sa&an=APRS000020040419e04j00at2&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The company also signed a $490-million deal to acquire Wembley plc, owner of seven [[greyhound racing|greyhound tracks]] in Britain and four in the United States.<ref>{{cite news|title=MGM Mirage buying track, slot firm for $490 million|newspaper=Las Vegas Sun|author=Liz Benston|date=January 27, 2004|url=http://www.lasvegassun.com/news/2004/jan/27/mgm-mirage-buying-track-slot-firm-for-490-million/|access-date=2013-04-14|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://lasvegassun.com/news/2004/jan/27/mgm-mirage-buying-track-slot-firm-for-490-million/|url-status=live}}</ref>
-The British expansion plans ultimately amounted to nothing. MGM closed its online casino after less than two years, citing uncertainty in American regulations and competition from established British brands.<ref>{{cite news|title=Casino giant exiting Internet gaming|newspaper=Las Vegas Sun|author=Liz Benston|date=June 4, 2003|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvsn000020030605dz640000h&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193447/http://global.factiva.com/redir/default.aspx?P=sa&an=lvsn000020030605dz640000h&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The Wembley acquisition turned into a bidding war, with MGM finally losing out to an investors group including Kerzner International.<ref>{{cite news|title=MGM Mirage drops bid for Lincoln Park, leaving one bidder|newspaper=Providence Journal|author=Scott Mayerowitz|date=May 6, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=PROV000020040507e05600005&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193628/http://global.factiva.com/redir/default.aspx?P=sa&an=PROV000020040507e05600005&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The Triangle Casino was sold off to [[Stanley Leisure]] in 2006.<ref>{{cite news|title=Stanley Leisure buys MLG Investments for GBP29.8M|newspaper=Dow Jones International News|date=January 25, 2006|url=http://global.factiva.com/redir/default.aspx?P=sa&an=DJI0000020060125e21p000b1&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607185657/http://global.factiva.com/redir/default.aspx?P=sa&an=DJI0000020060125e21p000b1&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The company's other development plans were scuttled as the government scaled down, and eventually abandoned, the plan to allow large "[[Supercasino|super-casinos]]".<ref>{{cite news|title=British government deals losing hand to Harrah's, MGM Mirage|newspaper=Las Vegas Review-Journal|author=Rod Smith|date=November 17, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041119e0bh00002&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004648/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041119e0bh00002&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref><ref>{{cite news|title=Las Vegas companies undeterred by U.K. vote|newspaper=Las Vegas Review-Journal|author=Arnold M. Knightly|date=March 30, 2007|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020070402e33u0001w&cat=a&ep=ASE|access-date=April 14, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607184243/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020070402e33u0001w&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-In 2004, the company disposed of some of its smaller properties, selling the two Golden Nugget casinos ([[Golden Nugget Las Vegas]] and [[Golden Nugget Laughlin]]) to [[Poster Financial Group]] for $215 million,<ref>{{cite news|title=New owners took over Golden Nugget while you slept|newspaper=Las Vegas Review-Journal|first=Jeff|last=Simpson|date=January 23, 2004|url=http://www.reviewjournal.com/lvrj_home/2004/Jan-23-Fri-2004/business/23058907.html|access-date=2012-12-11|archive-date=2011-12-02|archive-url=https://web.archive.org/web/20111202043202/http://www.reviewjournal.com/lvrj_home/2004/Jan-23-Fri-2004/business/23058907.html|url-status=live}}</ref> and the [[MGM Grand Darwin]] to [[Skycity Entertainment]] for $140 million.<ref>{{cite press release|title=MGM Mirage completes sale of Darwin hotel and casino|publisher=MGM Mirage|date=July 23, 2004|url=https://www.sec.gov/Archives/edgar/data/789570/000095015304001715/p69414exv99w1.htm|access-date=2012-12-11|archive-date=2013-07-19|archive-url=https://web.archive.org/web/20130719123033/http://www.sec.gov/Archives/edgar/data/789570/000095015304001715/p69414exv99w1.htm|url-status=live}}</ref>
-===Mandalay merger (2004–2005)===
-MGM entered into quiet merger talks with [[Mandalay Resort Group]] in early 2004.<ref name=mylchreest>{{cite news|title=Gaming giants come together|newspaper=Las Vegas Business Press|author=Ian Mylchreest|date=June 14, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=VEGA000020040626e06e00003&cat=a&ep=ASE|access-date=April 16, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607183632/http://global.factiva.com/redir/default.aspx?P=sa&an=VEGA000020040626e06e00003&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The potential acquisition would give MGM control of more than half the hotel rooms on the Las Vegas Strip.<ref name=binkley>{{cite news|title=In bid for Mandalay Resort, MGM Mirage could become biggest casino powerhouse|newspaper=Wall Street Journal|author=Christina Binkley|date=June 7, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=J000000020040607e0670002n&cat=a&ep=ASE|access-date=April 16, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004748/http://global.factiva.com/redir/default.aspx?P=sa&an=J000000020040607e0670002n&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Mandalay assets attractive to MGM included low-end casinos like [[Excalibur Hotel and Casino|Excalibur]] and [[Circus Circus Las Vegas|Circus Circus]] to broaden MGM's "high roller" appeal;<ref>{{cite news|title=Tale of two companies|newspaper=Las Vegas Review-Journal|author1=Hubble Smith|author2=Rod Smith|date=June 6, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020040608e06600004&cat=a&ep=ASE|access-date=April 16, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004808/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020040608e06600004&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> the [[Mandalay Bay Convention Center]], which would allow MGM to compete directly with the [[Sands Expo]] center in the convention market;<ref name=binkley /> and at least two prime developable sites on the Strip.<ref>{{cite news|title=Combined MGM Mirage, Mandalay vow to grow|newspaper=Las Vegas Sun|author=Liz Benston|date=June 16, 2004|url=http://www.lasvegassun.com/news/2004/jun/16/combined-mgm-mirage-mandalay-vow-to-grow/|access-date=2013-04-16|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://lasvegassun.com/news/2004/jun/16/combined-mgm-mirage-mandalay-vow-to-grow/|url-status=live}}</ref> The talks went public in June, when MGM announced an offer worth $7.65 billion.<ref name=fizzle>{{cite news|title=Casino merger talks fizzle|newspaper=Las Vegas Review-Journal|author=Rod Smith|date=June 12, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020040614e06c0001c&cat=a&ep=ASE|access-date=April 16, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193440/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020040614e06c0001c&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Mandalay rejected that offer because of a clause allowing MGM to back out if [[antitrust]] regulators demanded the sale of any properties.<ref name=fizzle /> Analysts speculated that another bidder such as [[Harrah's Entertainment|Harrah's]] or Boyd might enter, but none did,<ref name=mylchreest /> and MGM and Mandalay soon agreed on a $7.9 billion deal.<ref>{{cite news|title=Buyout gets OK|newspaper=Las Vegas Review-Journal|author=Rod Smith|date=June 15, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVSN000020040617e06f0003q&cat=a&ep=ASE|access-date=April 16, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192656/http://global.factiva.com/redir/default.aspx?P=sa&an=LVSN000020040617e06f0003q&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-MGM executives were confident that antitrust regulators would not require the sale of any of the two companies' properties.<ref>{{cite news|title=MGM Mirage cites 'juggernaut'|newspaper=Las Vegas Sun|author=Liz Benston|date=June 15, 2004|url=http://www.lasvegassun.com/news/2004/jun/15/mgm-mirage-cites-juggernaut/|access-date=2013-04-21|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://lasvegassun.com/news/2004/jun/15/mgm-mirage-cites-juggernaut/|url-status=live}}</ref> Michigan law, however, forbade one company from owning multiple casinos, requiring the sale of either the MGM Grand Detroit or Mandalay's 54 percent stake in the [[MotorCity Casino]].<ref>{{cite news|title=MotorCity Casino to be sold|newspaper=Detroit News|author=Joel J. Smith|date=June 17, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=DTNS000020040617e06h0005i&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004704/http://global.factiva.com/redir/default.aspx?P=sa&an=DTNS000020040617e06h0005i&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> After some vacillation about which property to sell,<ref>{{cite news|title=MGM Mirage changes tactics in Detroit|newspaper=Las Vegas Review-Journal|author=Howard Stutz|date=December 4, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041206e0c400001&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193441/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041206e0c400001&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Mandalay accepted a $525-million offer for its interest in MotorCity from [[Marian Ilitch]], the casino's second largest shareholder.<ref>{{cite news|title=Ilitch sews up deal for MotorCity Casino|newspaper=Detroit News|author1=R.J. King|author2=Joel J. Smith|date=March 16, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=DTNS000020050316e13g0002d&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607194015/http://global.factiva.com/redir/default.aspx?P=sa&an=DTNS000020050316e13g0002d&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Meanwhile, in Illinois, where MGM needed regulatory approval to take over Mandalay's 50 percent interest in the [[Grand Victoria Casino]], a lack of [[quorum]] on the state Gaming Board threatened to delay the merger.<ref>{{cite news|title=MGM Mirage delays closing of Mandalay buyout|newspaper=Las Vegas Sun|author=Liz Benston|date=March 23, 2005|url=http://www.lasvegassun.com/news/2005/mar/23/mgm-mirage-delays-closing-of-mandalay-buyout/|access-date=2013-04-21|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://lasvegassun.com/news/2005/mar/23/mgm-mirage-delays-closing-of-mandalay-buyout/|url-status=live}}</ref> MGM considered a sale to the casino's other owner, the [[Pritzker family]],<ref>{{cite news|title=Pritzkers up casino ante|newspaper=Crain's Chicago Business|author=Kristina Buchthal|date=March 28, 2005|url=http://www.chicagobusiness.com/article/20050328/NEWS01/200015936/pritzkers-up-casino-ante|access-date=2013-04-21|archive-date=2021-07-29|archive-url=https://web.archive.org/web/20210729210809/https://www.chicagobusiness.com/article/20050328/NEWS01/200015936/pritzkers-up-casino-ante|url-status=live}}</ref> but ultimately gained approval for a plan to place the property under control of a [[trustee]] until completion of the licensing process.<ref>{{cite news|title=Megadeal close to completion|newspaper=Las Vegas Review-Journal|author=Howard Stutz|date=April 22, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e14m005gw&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607191608/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e14m005gw&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The FTC approved the merger as predicted,<ref>{{cite news|title=FTC signs off on MGM Mirage's buyout of Mandalay Resort Group|newspaper=Las Vegas Sun|author1=Liz Benston|author2=Richard N. Velotta|date=February 17, 2005|url=http://www.lasvegassun.com/news/2005/feb/16/ftc-clears-mgm-mirage-buyout-of-mandalay-resort-gr/|access-date=2013-04-21|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://lasvegassun.com/news/2005/feb/16/ftc-clears-mgm-mirage-buyout-of-mandalay-resort-gr/|url-status=live}}</ref> and MGM obtained a $7 billion [[line of credit]] to finance it.<ref>{{cite news|title=Credit line OK"d|newspaper=Las Vegas Review-Journal|author=Rod Smith|date=November 13, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041115e0bd00003&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004814/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041115e0bd00003&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The sale closed on April 25, 2005 for a total of $7.9 billion, including $3 billion in assumed debt.<ref name=smith>{{cite news|title=MGM scales top of heap|newspaper=Las Vegas Review-Journal|author=Rod Smith|date=April 26, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e14q00650&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607191459/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e14q00650&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-The Mandalay acquisition made MGM Mirage the largest gaming company in the world,<ref name=smith /> but it was surpassed just two months later when Harrah's Entertainment acquired [[Park Place Entertainment|Caesars Entertainment]]<ref>{{cite news|title=Gaming goliath springs to life|newspaper=Las Vegas Review-Journal|author=Howard Stutz|date=June 14, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020050615e16e00003&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=October 17, 2015|archive-url=https://web.archive.org/web/20151017202422/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020050615e16e00003&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> in a deal that had been spurred on by news of the MGM-Mandalay merger.<ref>{{cite news|title=Documents detail how deal came to be|newspaper=Las Vegas Review-Journal|author=Rod Smith|date=June 14, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020050615e16e00004&cat=a&ep=ASE|access-date=April 21, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004700/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020050615e16e00004&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-===Later developments (2004–2006)===
-[[File:MGM Mirage Corporate Support Center.jpg|thumb|right|MGM Mirage's Corporate Support Center in [[Paradise, Nevada]]]]
-Despite MGM's initial failure to win a gaming concession in Macau, the company had remained interested in the burgeoning gaming market. Rumors of a possible partnership with Stanley Ho were reported in 2003,<ref>{{cite news|title=MGM Mirage deal in Macau possible|newspaper=Las Vegas Review-Journal|author=Jeff Simpson|date=March 5, 2003|url=http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020030307dz3500006&cat=a&ep=ASE|access-date=April 29, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192829/http://global.factiva.com/redir/default.aspx?P=sa&an=lvgs000020030307dz3500006&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> but Nevada gaming regulators informally vetoed the idea because of the alleged involvement of organized crime [[Triad (organized crime)|triads]] in his casinos.<ref>{{cite news|title=MGM Mirage partner has familiar last name in Macau gaming circles|newspaper=Las Vegas Review-Journal|author=Jane Ann Morrison|date=April 18, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020050419e14i00007&cat=a&ep=ASE|access-date=April 29, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192006/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020050419e14i00007&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Another possibility emerged when the government allowed the three gaming concessionaires to each sell a sub-concession.<ref>{{Cite journal | last1 = Rose | first1 = I. N. | title = Victim of Its Own Success | doi = 10.1089/glre.2010.14701 | journal = Gaming Law Review and Economics | volume = 14 | issue = 7 | pages = 511–512 | year = 2010 }}</ref> In June 2004, MGM formed a joint venture with [[Pansy Ho]], Stanley's daughter, to develop a casino-hotel under a sub-concession from Stanley.<ref>{{cite news|title=MGM Mirage in deal to build casino in China|newspaper=Las Vegas Sun|author=Liz Benston|url=http://www.lasvegassun.com/news/2004/jun/21/mgm-mirage-in-deal-to-build-casino-in-china/|date=June 21, 2004|access-date=2013-04-27|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://lasvegassun.com/news/2004/jun/21/mgm-mirage-in-deal-to-build-casino-in-china/|url-status=live}}</ref> Despite initial concerns about whether Pansy Ho was subject to her father's influence, the [[Nevada Gaming Commission]] eventually approved the partnership.<ref>{{cite news|title=Commission finds venture suitable|newspaper=Las Vegas Review-Journal|author=Howard Stutz|date=March 24, 2007|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020070327e33o0001r&cat=a&ep=ASE|access-date=April 29, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607184723/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020070327e33o0001r&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> Construction of the [[MGM Grand Macau]] began in June 2005.<ref>{{cite news|title=MGM Mirage's project in Macau under way|newspaper=Las Vegas Review-Journal|author=Howard Stutz|date=June 1, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e161007cd&cat=a&ep=ASE|access-date=April 29, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004656/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e161007cd&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The property opened in December 2007, completed at a cost of $1.25 billion.<ref>{{cite news|title=MGM to open casino in Macau|newspaper=USA Today|agency=AP|author=Cassie Biggs|date=December 18, 2007|url=http://usatoday30.usatoday.com/money/economy/2007-12-18-818395711_x.htm|access-date=2013-04-28|archive-date=2015-10-17|archive-url=https://web.archive.org/web/20151017202422/http://usatoday30.usatoday.com/money/economy/2007-12-18-818395711_x.htm|url-status=live}}</ref>
-In 2004, MGM solidified its plans for the Boardwalk site on the Strip, announcing [[Project CityCenter]], an $8-billion high-density project including hotels, condominiums, a casino, and a shopping mall.<ref>{{cite news|title=MGM makes payment for Vegas CityCenter project|newspaper=Reuters|date=March 27, 2009|url=https://www.reuters.com/article/us-mgm-citycenter-idUSTRE52Q6DP20090327|access-date=2014-07-07|archive-date=2016-01-05|archive-url=https://web.archive.org/web/20160105134826/http://www.reuters.com/article/us-mgm-citycenter-idUSTRE52Q6DP20090327|url-status=live}}</ref><ref>{{cite news|title=Strip "metropolis" planned|newspaper=Las Vegas Review-Journal|author=Hubble Smith|date=November 10, 2004|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041112e0ba00009&cat=a&ep=ASE|access-date=August 27, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607184621/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020041112e0ba00009&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The Boardwalk was closed in January 2006 to make way for the redevelopment,<ref>{{cite news|title=Bye bye, Boardwalk|newspaper=Las Vegas Review-Journal|author=Howard Stutz|date=January 10, 2006|url=http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e21a0024w&cat=a&ep=ASE|access-date=August 27, 2013|archive-date=October 17, 2015|archive-url=https://web.archive.org/web/20151017202422/http://global.factiva.com/redir/default.aspx?P=sa&an=LVGS000020060306e21a0024w&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> and CityCenter construction began the following June.<ref>{{cite news|title=CityCenter forges ahead|newspaper=In Business Las Vegas|author=Liz Benston|date=June 30, 2006|url=http://global.factiva.com/redir/default.aspx?P=sa&an=NBZLV00020060801e26u0000d&cat=a&ep=ASE|access-date=August 27, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004631/http://global.factiva.com/redir/default.aspx?P=sa&an=NBZLV00020060801e26u0000d&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-[[Singapore]] emerged in 2004 as the next major new Asian gaming market, calling for proposals to build two "[[integrated resort]]" casinos at [[Marina Bay, Singapore|Marina Bay]] and the island of [[Sentosa]].<ref name=mihailovich>{{cite news|title=MGM finds partner to dance in Singapore|newspaper=Las Vegas Business Press|author=Steven Mihailovich|date=January 31, 2005|url=http://global.factiva.com/redir/default.aspx?P=sa&an=VEGA000020050219e11v00002&cat=a&ep=ASE|access-date=August 27, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607193823/http://global.factiva.com/redir/default.aspx?P=sa&an=VEGA000020050219e11v00002&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> MGM partnered with [[CapitaLand]] in an estimated $3 billion<ref>{{cite news|title=Singapore officials receive bids for casino licence|newspaper=Agence France Presse|date=March 29, 2006|url=http://global.factiva.com/redir/default.aspx?P=sa&an=AFPR000020060329e23t003ed&cat=a&ep=ASE|access-date=August 27, 2013|archive-date=June 8, 2015|archive-url=https://web.archive.org/web/20150608004818/http://global.factiva.com/redir/default.aspx?P=sa&an=AFPR000020060329e23t003ed&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> bid for the Marina Bay site.<ref name=mihailovich /> Their bid advanced to the final stage against three competitors, and was seen as the favorite to win.<ref>{{cite news|title=Las Vegas giants in tight race for Singapore casino licence|newspaper=Agence France Presse|date=March 26, 2006|url=http://global.factiva.com/redir/default.aspx?P=sa&an=AFPR000020060327e23r000ru&cat=a&ep=ASE|access-date=August 27, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607192138/http://global.factiva.com/redir/default.aspx?P=sa&an=AFPR000020060327e23r000ru&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref> The government awarded the license, however, to [[Las Vegas Sands]], citing its strength in the [[Meetings, incentives, conferencing, exhibitions|meetings and conventions]] sector.<ref>{{cite news|title=Why Las Vegas Sands won Marina Bay bid|newspaper=Straits Times|author=Arti Mulchand|date=May 27, 2006|url=http://global.factiva.com/redir/default.aspx?P=sa&an=STIMES0020060526e25r0000t&cat=a&ep=ASE|access-date=August 27, 2013|archive-date=June 7, 2015|archive-url=https://web.archive.org/web/20150607190916/http://global.factiva.com/redir/default.aspx?P=sa&an=STIMES0020060526e25r0000t&cat=a&ep=ASE|url-status=live}}{{subscription required|via=Factiva}}</ref>
-On April 25, 2006, MGM Mirage announced with [[Foxwoods Resort Casino|Foxwoods Resort and Casino]] a joint partnership in developing an expansion plan at Foxwoods that will include a casino using the MGM Grand brand.<ref>{{cite news |url=https://www.usatoday.com/travel/hotels/2006-04-25-mgm-foxwoods_x.htm |title=MGM Grand hotel will open at Foxwoods as part of partnership |access-date=2007-05-30 |date=2006-04-25 |work=[[USA TODAY]] |publisher=[[Associated Press]] |archive-date=2007-06-09 |archive-url=https://web.archive.org/web/20070609234227/http://www.usatoday.com/travel/hotels/2006-04-25-mgm-foxwoods_x.htm |url-status=live }}</ref> On October 16, 2006, MGM Mirage announced that it planned to sell its properties in [[Laughlin, Nevada|Laughlin]] ([[Colorado Belle Hotel & Casino]] and [[Edgewater Hotel and Casino]]) to a partnership of Anthony Marnell III and Sher Gaming. The sale price was $200 million.<ref>{{cite web |url=http://www.casinocitytimes.com/news/article.cfm?contentID=161866 |title=MGM Mirage selling two Laughlin casinos |access-date=2007-05-06 |last=Howard |first=Stutz |date=2006-10-17 |publisher=[[Las Vegas Gaming Wire]] |archive-date=2007-09-27 |archive-url=https://web.archive.org/web/20070927004752/http://www.casinocitytimes.com/news/article.cfm?contentID=161866 |url-status=live }}</ref> The sale closed on June 1, 2007.{{citation needed|date=April 2016}} On October 31, 2006, MGM Mirage announced plans to sell [[Primadonna Resorts|Primm Valley Resorts]] to [[Herbst Gaming]] for $400 million. The proposed sale would not include the [[Primm Valley Golf Club]].<ref>{{cite news |first=Howard |last=Stutz |title=Herbst Gaming to buy Primm properties |url=http://www.reviewjournal.com/lvrj_home/2006/Nov-01-Wed-2006/business/10558956.html |work=[[Gaming Wire]] |publisher=[[Las Vegas Review-Journal]] |date=November 1, 2006 |access-date=2007-03-13 |archive-date=2007-03-09 |archive-url=https://web.archive.org/web/20070309120123/http://www.reviewjournal.com/lvrj_home/2006/Nov-01-Wed-2006/business/10558956.html |url-status=live }}</ref> The sale closed on April 10, 2007.{{citation needed|date=April 2016}}
-The [[Nevada Landing Hotel and Casino]] closed a month earlier than planned on March 20, 2007.<ref>{{cite web |url=http://www.ibchotels.com/hotels-in-north-las-vegas-nevada-D2636.html |title=Best Vegas Hotels |access-date=2016-06-03 |archive-date=2016-03-14 |archive-url=https://web.archive.org/web/20160314183622/https://www.ibchotels.com/hotels-in-north-las-vegas-nevada-d2636.html |url-status=dead }}</ref>
-===Dubai World investment (2007–2009)===
-On April 19, 2007 the company announced that it planned to purchase a {{convert|7.6|acre|m2|adj=on}} site from Concord Wilshire Partners for $130 million and a {{convert|25.8|acre|m2|adj=on}} site from Gordon Gaming for $444 million.  The two parcels give the company complete control of the southwest corner of the Sahara and Las Vegas Boulevard intersection.  When combined with underused parts of the [[Circus Circus Las Vegas|Circus Circus]] site, the company will have a {{convert|68|acre|m2|adj=on}} site for future development.  The Concord site had been the proposed location for the '''Maxim Casino'''.<ref>{{cite news |first=Howard |last=Stutz |title=MGM buys parcels for new center |work=[[Las Vegas Review-Journal]] |pages=A1+A8 |date=April 19, 2007  }}</ref>
-On August 22, 2007, [[Dubai World]] said it would buy a 9.5 percent stake in MGM for about $2.4 billion. It would also invest about $2.7 billion to acquire a 50 percent stake in MGM's CityCenter project. Dubai World would pay MGM Mirage an additional $100 million if the project opened on time and on budget. The investment firm would buy 14.2 million shares from MGM Mirage. The firm would also issue a public tender for an additional 14.2 million shares at the same price.<ref>{{cite news |title=MGM inks $5B deal with Dubai World |url=https://money.cnn.com/2007/08/22/news/international/mgm_dubai.reut/index.htm  |agency=[[Reuters]] |date=August 22, 2007 |access-date=2007-08-22 }} {{Dead link|date=August 2010|bot=RjwilmsiBot}}</ref>
-[[File:MGM Mirage Logo.svg|left|thumb|Old MGM Mirage logo]]
-On October 29, 2008, MGM Mirage halted a $5 billion Atlantic City project on land next to the Borgata.
-At about the same time, New Jersey gambling regulators were evaluating MGM Mirage's suitability to operate casinos in New Jersey, and were unconvinced that MGM Mirage's Macau partner, Pansy Ho, could operate independently from influence of her father, Stanley Ho.  The latter was often accused of ties with Chinese organized crime and letting the gangs operate in his casinos' VIP rooms. Faced with not complying with New Jersey gaming regulations, MGM Mirage decided to divest the highly profitable Borgata in order to continue pursuing the even more lucrative Chinese market.<ref name="AOL1">[http://www.dailyfinance.com/article/asian-casino-magnate-denies-organized/955513/ Asian casino magnate denies organized crime ties] {{Webarchive|url=https://web.archive.org/web/20160305195233/http://www.dailyfinance.com/article/asian-casino-magnate-denies-organized/955513/ |date=2016-03-05 }} (AOL)</ref>  MGM Mirage subsequently transferred its 50% share in the Borgata to a divestiture trust through which it received all benefit of the ownership.  The trust was responsible for selling MGM's interest within 30 months, although MGM had the right to direct the trustee during the first 18 months.<ref>[http://www.philly.com/philly/business/88151272.html MGM’s plan to exit Borgata is approved] Philadelphia Inquirer</ref><ref>{{cite web|url=http://industry.bnet.com/travel/10004820/mgm-mirage-chooses-macao-over-new-jersey/|archive-url=https://web.archive.org/web/20100213063405/http://industry.bnet.com/travel/10004820/mgm-mirage-chooses-macao-over-new-jersey/|url-status=dead|archive-date=February 13, 2010|title=MGM Mirage Chooses Macao Over New Jersey}}</ref><ref>{{cite news|title=MGM Mirage may leave New Jersey in dispute over Macau partner|newspaper=Las Vegas Sun|date=February 8, 2010|url=http://www.lasvegassun.com/news/2010/feb/08/mgm-mirage-leave-new-jersey-dispute-over-macau-par/|access-date=2014-07-07|archive-date=2014-07-14|archive-url=https://web.archive.org/web/20140714125539/http://www.lasvegassun.com/news/2010/feb/08/mgm-mirage-leave-new-jersey-dispute-over-macau-par/|url-status=live}}</ref>
-On December 16, 2008, MGM Mirage announced the sale of its Las Vegas [[Treasure Island Hotel and Casino|Treasure Island]] resort and casino to billionaire [[Phil Ruffin]]. The sale was completed on March 20, 2009 for $600 million in cash plus a $175 million promissory note.<ref>{{cite news |title=MGM Mirage completes sale of Treasure Island |url=https://www.forbes.com/feeds/ap/2009/03/20/ap6194994.html  |work=[[Forbes]] |date=March 20, 2000 |access-date=2009-03-20 |archive-url=https://web.archive.org/web/20090325093914/http://www.forbes.com/feeds/ap/2009/03/20/ap6194994.html|archive-date=2009-03-25}}</ref>
-On March 23, 2009 Dubai World and Infinity World announced that they had filed a lawsuit in the Delaware Chancery Court seeking to be released from their CityCenter joint venture agreement with MGM Mirage after the company filed its annual report stating that "there is substantial doubt about our ability to continue as a going concern," and "it cannot provide assurance that its business would generate sufficient cash flow from operation."<ref>{{Cite web|url=http://www.sec.gov/Archives/edgar/data/789570/000095015309000211/p14075e10vk.htm|title=e10vk|date=February 10, 2012|archive-url=https://web.archive.org/web/20120210103827/http://www.sec.gov/Archives/edgar/data/789570/000095015309000211/p14075e10vk.htm|archive-date=2012-02-10}}</ref><ref>[http://online.wsj.com/article/BT-CO-20090323-708601.html Dubai World Says Unit Files Lawsuit Against MGM Mirage] {{Webarchive|url=https://web.archive.org/web/20090326020021/http://online.wsj.com/article/BT-CO-20090323-708601.html |date=2009-03-26 }} ([[Wall Street Journal]])</ref><ref>{{cite web|url=http://www.gamingtoday.com/industry-news/story.bv?storyid=20635|title=Articles|website=Gamingtoday.com}}</ref>
-Starting on April 6, 2009 news reports surfaced that MGM Mirage had hired investment firm [[Morgan Stanley]] to assist the company in finding possible buyers for the MGM Grand Detroit and the Beau Rivage.<ref>[https://www.bloomberg.com/apps/news?pid=20601103&sid=aX6c.PBRPhFo&refer=us MGM Mirage Said to Hire Morgan Stanley to Evaluate Casino Bids] {{Webarchive|url=https://web.archive.org/web/20230427061057/https://www.bloomberg.com/tosv2.html?vid=&uuid=467c2381-e4c2-11ed-af91-777371575054&url=L2FwcHMvbmV3cz9waWQ9MjA2MDExMDMmc2lkPWFYNmMuUEJSUGhGbyZyZWZlcj11cw== |date=2023-04-27 }} ([[Bloomberg L.P.|bloomberg.com]])</ref><ref>[https://www.wsj.com/articles/SB123905662037694683 With Casino Stocks, Traders Know When to Fold 'Em] {{Webarchive|url=https://web.archive.org/web/20170812134015/https://www.wsj.com/articles/SB123905662037694683 |date=2017-08-12 }} ([[Wall Street Journal]])</ref>
-===Name change and recent years (2010–present)===
-On June 15, 2010, shareholders approved a name change from MGM Mirage to "MGM Resorts International", to emphasize the brand's global scope and increased non-gaming strategy.<ref name="lvrj1">{{cite news|title=MGM Mirage shareholders approve name change|url=http://www.lvrj.com/business/mgm-mirage-shareholders-approve-name-change-96398604.html?ref=604|date=2010-06-15|work=Las Vegas Review-Journal|access-date=2010-07-06|archive-date=2012-10-07|archive-url=https://web.archive.org/web/20121007022639/http://www.lvrj.com/business/mgm-mirage-shareholders-approve-name-change-96398604.html?ref=604|url-status=live}}</ref><ref>{{cite news|last=GARCIA |first=OSKAR |title=MGM Mirage Changes Name To MGM Resorts Int'l |url=http://www.fox5vegas.com/money/23906845/detail.html |date=2010-06-15 }} {{dead link|date=May 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
-In April 2011 an [[initial public offering]] was announced for the MGM Macau property. Under the agreement, Pansy Ho would receive a 29 percent stake in the company, MGM China Holdings Ltd, which was created as a listing vehicle for the IPO. MGM Resorts would hold 51 percent and the public would receive 20 percent. MGM China raised $1.5 billion from its IPO on the Hong Kong Stock Exchange.<ref>{{cite web|url=https://www.reuters.com/article/us-mgmchina/mgm-china-prices-1-5-billion-ipo-at-top-of-range-sources-idUSTRE74Q07G20110527|title=MGM China prices $1.5 billion IPO at top end as sector booms|date=27 May 2011|publisher=[[Reuters]]|access-date=4 September 2017|archive-date=4 September 2017|archive-url=https://web.archive.org/web/20170904200842/https://www.reuters.com/article/us-mgmchina/mgm-china-prices-1-5-billion-ipo-at-top-of-range-sources-idUSTRE74Q07G20110527|url-status=live}}</ref> In January 2013, MGM China received government approval to build its second resort in Macau.<ref>{{cite news|url=https://www.bloomberg.com/news/2013-01-09/mgm-china-gets-formal-approval-for-new-casino-in-macau.html|title=MGM China Gets Formal Approval For New Casino in Macau|author=Vinicy Chan|date=9 January 2013|publisher=Bloomberg.com|access-date=2017-03-08|archive-date=2021-03-10|archive-url=https://web.archive.org/web/20210310235915/http://www.bloomberg.com/news/2013-01-09/mgm-china-gets-formal-approval-for-new-casino-in-macau.html|url-status=live}}</ref>
-In 2013, MGM won state licenses to build a [[MGM National Harbor|$1-billion resort]] in [[National Harbor, Maryland]]<ref>{{cite news|last=Wagner|first=John|title=MGM confirms plans to bid for Prince George's County casino|url=https://www.washingtonpost.com/local/md-politics/mgm-confirms-plans-to-bid-friday-for-prince-georges-county-casino/2013/05/08/59a06974-b7fa-11e2-aa9e-a02b765ff0ea_story.html?hpid=z5|access-date=8 May 2013|newspaper=Washington Post|date=8 May 2013|archive-date=10 March 2016|archive-url=https://web.archive.org/web/20160310085823/https://www.washingtonpost.com/local/md-politics/mgm-confirms-plans-to-bid-friday-for-prince-georges-county-casino/2013/05/08/59a06974-b7fa-11e2-aa9e-a02b765ff0ea_story.html?hpid=z5|url-status=live}}</ref><ref>{{cite news|title=MGM gets the deal for Maryland's sixth casino, at National Harbor in Prince George's|newspaper=The Washington Post|date=December 20, 2013|url=https://www.washingtonpost.com/local/mgm-gets-the-nod-to-build-marylands-sixth-casino-at-national-harbor-in-prince-georges/2013/12/20/059e7276-693e-11e3-a0b9-249bbb34602c_story.html|access-date=2014-07-07|first1=J. Freedom|last1=du Lac|first2=John|last2=Wagner|archive-date=2014-07-21|archive-url=https://web.archive.org/web/20140721224513/http://www.washingtonpost.com/local/mgm-gets-the-nod-to-build-marylands-sixth-casino-at-national-harbor-in-prince-georges/2013/12/20/059e7276-693e-11e3-a0b9-249bbb34602c_story.html|url-status=live}}</ref> and [[MGM Springfield|a $950-million resort]] in downtown [[Springfield, Massachusetts]].<ref name="togetstates">{{cite news|title=MGM Springfield to get state's 1st casino license|newspaper=Boston Globe Media|date=June 11, 2014|url=http://www.boston.com/news/local/massachusetts/2014/06/11/mass-gambling-officials-review-springfield-casino/WmWDymMEGxha5zO0F3dWwO/story.html |archive-url=https://archive.today/20140614060639/http://www.boston.com/news/local/massachusetts/2014/06/11/mass-gambling-officials-review-springfield-casino/WmWDymMEGxha5zO0F3dWwO/story.html |url-status = dead|archive-date=June 14, 2014 |access-date=2014-07-03}}</ref><ref name="selectswhiting">{{cite news|title=MGM selects Whiting-Turner to build $1B National Harbor casino-resort (Video)|newspaper=Washington Business Journal|date=June 24, 2014|url=http://www.bizjournals.com/washington/breaking_ground/2014/06/mgm-selects-whiting-turner-to-build-1national.html|access-date=2014-07-03|archive-date=2014-07-02|archive-url=https://web.archive.org/web/20140702215346/http://www.bizjournals.com/washington/breaking_ground/2014/06/mgm-selects-whiting-turner-to-build-1national.html|url-status=live}}</ref><ref name="stutzhoward">Stutz, Howard. [http://www.reviewjournal.com/business/casinos-gaming/massachusetts-voters-approve-mgm-resorts-casino-plan "Massachusetts voters approve MGM Resorts' casino plan"] {{Webarchive|url=https://web.archive.org/web/20140512225229/http://www.reviewjournal.com/business/casinos-gaming/massachusetts-voters-approve-mgm-resorts-casino-plan |date=2014-05-12 }}, "[[The Las Vegas Review-Journal]]", Las Vegas, NV. 18 July 2013. Retrieved on 22 May 2014.</ref> In May 2014, MGM broke ground on a [[T-Mobile Arena|$375-million arena]] on the [[Las Vegas Strip]] with sports and entertainment company [[Anschutz Entertainment Group|AEG]].<ref name="snellalana">Snell, Alan. [http://www.reviewjournal.com/news/las-vegas/shovels-ground-confetti-air-mgmaeg-arena-construction-begins "Shovels in the ground, confetti in the air"] {{Webarchive|url=https://web.archive.org/web/20141023040707/http://www.reviewjournal.com/news/las-vegas/shovels-ground-confetti-air-mgmaeg-arena-construction-begins |date=2014-10-23 }}, "[[The Las Vegas Review-Journal]]", Las Vegas, NV. 1 May 2014. Retrieved on 22 May 2014.</ref>
-In 2013, Foxwoods and MGM ended their relationship, and the MGM Grand at Foxwoods was renamed the Fox Tower.<ref name="courant">{{cite web|last1=Sturdevant|first1=Matthew|title=MGM Grand At Foxwoods Renamed The Fox Tower|url=http://articles.courant.com/2014-04-03/business/hc-foxwoods-mgm-grand-20140403_1_grand-pequot-tower-mashantucket-pequots-mgm-grand|website=Hartford Courant|access-date=17 January 2017|archive-date=2017-01-18|archive-url=https://web.archive.org/web/20170118205458/http://articles.courant.com/2014-04-03/business/hc-foxwoods-mgm-grand-20140403_1_grand-pequot-tower-mashantucket-pequots-mgm-grand|url-status=live}}</ref>
-On May 1, 2014, the company broke ground on the $375-million [[T-Mobile Arena]] located behind New-New York Hotel and Casino, in partnership with [[AEG Live]].<ref>Rindels, Michelle. [http://bigstory.ap.org/article/mgm-aeg-break-ground-las-vegas-strip-arena “MGM, AEG break ground on Las Vegas Strip arena”] {{webarchive |url=https://web.archive.org/web/20140512215606/http://bigstory.ap.org/article/mgm-aeg-break-ground-las-vegas-strip-arena |date=May 12, 2014 }}, "[[Associated Press]]", Las Vegas, May 1, 2014.  Retrieved 23 May 2014.</ref> The arena opened on April 6, 2016.<ref name="T Moblie Arena Opening">{{cite web|url=http://www.reviewjournal.com/the-strip/t-mobile-arena/t-mobile-arena-lives-the-hype-photos|title=T-Mobile Arena lives up to the hype — PHOTOS|date=7 April 2016|access-date=24 June 2016|archive-date=8 July 2016|archive-url=https://web.archive.org/web/20160708052410/http://www.reviewjournal.com/the-strip/t-mobile-arena/t-mobile-arena-lives-the-hype-photos|url-status=live}}</ref> In September 2014, MGM purchased the [[naming rights]] for a new baseball stadium in Biloxi, resulting in [[MGM Park]].<ref>{{Cite web|url=https://ballparkdigest.com/2014/09/24/its-official-new-biloxi-ballpark-to-be-mgm-park/|title=It's official: New Biloxi ballpark to be MGM Park|first=Kevin|last=Reichard|date=September 24, 2014|access-date=March 31, 2018|archive-date=April 1, 2018|archive-url=https://web.archive.org/web/20180401003546/https://ballparkdigest.com/2014/09/24/its-official-new-biloxi-ballpark-to-be-mgm-park/|url-status=live}}</ref> That same year, the Massachusetts Gaming Commission approved a license for [[MGM Springfield]], an $800-million project.<ref>Robbins, Carolyn. [http://www.masslive.com/politics/index.ssf/2014/11/massachsetts_gaming_commission.html "Massachusetts Gaming Commission OKs licenses for MGM Springfield, Wynn Resorts"] {{Webarchive|url=https://web.archive.org/web/20141201013150/http://www.masslive.com/politics/index.ssf/2014/11/massachsetts_gaming_commission.html |date=2014-12-01 }}, "[[masslive.com]]", Boston, November 6, 2014. Retrieved December 5, 2014.</ref>
-MGM sold several properties in 2015, including the [[Railroad Pass Casino]],<ref>{{cite report|title=Form 10-K: Annual Report|publisher=MGM Resorts International|date=March 2, 2015|page=76|url=https://www.sec.gov/Archives/edgar/data/789570/000156459015001180/mgm-10k_20141231.htm|via=EDGAR|access-date=2015-04-06|archive-date=2015-03-07|archive-url=https://web.archive.org/web/20150307054949/http://www.sec.gov/Archives/edgar/data/789570/000156459015001180/mgm-10k_20141231.htm|url-status=live}}</ref><ref>{{cite news|title=Developer buying Railroad Pass from MGM|newspaper=Las Vegas Review-Journal|author=Arnold M. Knightly|date=September 5, 2014|url=http://www.reviewjournal.com/business/casinos-gaming/developer-buying-railroad-pass-mgm|access-date=2014-09-07|archive-date=2014-09-06|archive-url=https://web.archive.org/web/20140906112335/http://www.reviewjournal.com/business/casinos-gaming/developer-buying-railroad-pass-mgm|url-status=live}}</ref><ref>{{cite news|title=MGM Resorts finalizes sale of Railroad Pass|newspaper=Vegas Inc|author=J.D. Morris|date=April 1, 2015|url=http://vegasinc.com/business/gaming/2015/apr/01/mgm-resorts-finalizes-sale-railroad-pass/|access-date=2015-04-06|archive-date=2015-04-06|archive-url=https://web.archive.org/web/20150406181745/http://vegasinc.com/business/gaming/2015/apr/01/mgm-resorts-finalizes-sale-railroad-pass/|url-status=live}}</ref> the [[Gold Strike Hotel and Gambling Hall|Gold Strike]],<ref>{{cite report|url=https://www.sec.gov/Archives/edgar/data/789570/000156459015001180/mgm-10k_20141231.htm|title=Form 10-K: Annual Report|date=March 2, 2015|publisher=MGM Resorts International|page=76|access-date=April 6, 2015|via=EDGAR|archive-date=March 7, 2015|archive-url=https://web.archive.org/web/20150307054949/http://www.sec.gov/Archives/edgar/data/789570/000156459015001180/mgm-10k_20141231.htm|url-status=live}}</ref><ref>{{cite news|last=Morris|first=J.D.|url=http://vegasinc.com/business/gaming/2014/oct/16/mgm-resorts-selling-gold-strike-jean/|title=MGM Resorts selling Gold Strike in Jean|date=October 16, 2014|publisher=Vegas Inc.|access-date=October 24, 2014|archive-date=October 24, 2014|archive-url=https://web.archive.org/web/20141024213703/http://vegasinc.com/business/gaming/2014/oct/16/mgm-resorts-selling-gold-strike-jean/|url-status=live}}</ref><ref>{{cite news|last=Jones|first=Lars|url=http://news.worldcasinodirectory.com/mgmjett-gaming-llc-close-on-gold-strike-casino-6977|title=MGM/Jett Gaming LLC close on Gold Strike Casino|date=May 4, 2015|publisher=World Casino News|access-date=July 27, 2015|archive-date=July 21, 2015|archive-url=https://web.archive.org/web/20150721024738/http://news.worldcasinodirectory.com/mgmjett-gaming-llc-close-on-gold-strike-casino-6977|url-status=live}}</ref> and properties in [[Reno]] ([[Circus Circus Reno]] and a 50 percent stake in the [[Silver Legacy Reno|Silver Legacy]]) were sold to [[Eldorado Resorts]] for $72.5 million.<ref>{{cite news|title=MGM sells Reno casino holdings for $72.5 million|newspaper=Las Vegas Review-Journal|author=Howard Stutz|date=July 7, 2015|url=http://www.reviewjournal.com/business/casinos-gaming/mgm-sells-reno-casino-holdings-725-million|access-date=2015-07-07|archive-date=2023-04-27|archive-url=https://web.archive.org/web/20230427061104/https://www.reviewjournal.com/|url-status=live}}</ref><ref>{{cite news|title=It's official: Eldorado Resorts buys Circus Circus and Silver Legacy|newspaper=Reno Gazette-Journal|author=Mike Higdon|date=November 24, 2015|url=https://www.rgj.com/story/money/business/2015/11/24/s-official-eldorado-resorts-buys-circus-circus-and-silver-legacy/76291466/|access-date=2018-05-29}}</ref>
-In April 2016, MGM sold The Shops at Crystals, a high-end mall attached to CityCenter.  MGM sold the mall to Invesco Real Estate and Simon Property Group for $1.1B. Notable tentants included Louis Vuitton, Gucci, Dolce & Gabbana, Tom Ford, Prada, Fendi and Tiffany & Co.<ref>{{cite web | url=https://vegasinc.lasvegassun.com/business/gaming/2016/apr/15/11-billion-sale-of-crystals-mall-has-closed/ | title=$1.1 billion sale of Crystals mall has closed - VEGAS INC | date=15 April 2016 | access-date=3 February 2023 | archive-date=7 December 2021 | archive-url=https://web.archive.org/web/20211207112403/https://vegasinc.lasvegassun.com/business/gaming/2016/apr/15/11-billion-sale-of-crystals-mall-has-closed/ | url-status=live }}</ref>
-In April 2016, MGM held an initial public offering for [[MGM Growth Properties]] (MGP), a new [[real estate investment trust]] (REIT) with ownership of ten of the company's casinos; the parent company would continue to operate the casinos under a lease agreement.<ref>{{cite news|title=MGM Resorts announces restructuring plan involving 10 properties|newspaper=Vegas Inc.|author=J.D. Morris|date=October 29, 2015|url=http://vegasinc.com/business/gaming/2015/oct/29/mgm-resorts-announces-restructuring-plan/|access-date=2015-10-29|archive-date=2015-10-30|archive-url=https://web.archive.org/web/20151030135512/http://vegasinc.com/business/gaming/2015/oct/29/mgm-resorts-announces-restructuring-plan/|url-status=live}}</ref><ref name="hirsch">{{cite news|title=MGM Growth raises $1.05 billion in IPO|newspaper=Las Vegas Review-Journal|author=Lauren Hirsch|agency=Reuters|date=April 20, 2016|url=http://www.reviewjournal.com/business/mgm-growth-raises-105-billion-ipo|access-date=2016-04-20|archive-date=2023-04-27|archive-url=https://web.archive.org/web/20230427061104/https://www.reviewjournal.com/|url-status=live}}</ref> The offering raised $1.05 billion, and left MGM Resorts with 76 percent ownership of the REIT.<ref name="hirsch" /> In June 2016, MGM announced a joint venture with Sydell Group to renovate and rebrand the Monte Carlo as the Park MGM, named after the adjacent dining and entertainment district, The Park, that opened in April 2016.<ref>{{cite web|url=https://www.forbes.com/sites/larryolmsted/2016/06/06/bye-bye-monte-carlo-las-vegas-casino-resort-being-replaced/#4500f3065fbf|title=Bye Bye Monte Carlo: Las Vegas Casino Resort Being Replaced|first=Larry|last=Olmsted|website=[[Forbes]]|access-date=2017-09-04|archive-date=2017-09-08|archive-url=https://web.archive.org/web/20170908191750/https://www.forbes.com/sites/larryolmsted/2016/06/06/bye-bye-monte-carlo-las-vegas-casino-resort-being-replaced/#4500f3065fbf|url-status=live}}</ref> In August 2016, MGM bought out Boyd Gaming's interest in the Borgata for $900 million, and then sold the property to MGP for $1.2 billion and leased it back for $100 million per year.<ref>{{cite news|last1=Heitner|first1=Darren|title=MGM Buys Boyd Gaming's Share Of Borgata For $900 Million|url=https://www.forbes.com/sites/darrenheitner/2016/06/01/mgm-buys-boyd-gamings-share-of-borgata-for-900-million/#5cf03eb0519d|access-date=2 June 2016|work=Forbes|archive-date=1 June 2016|archive-url=https://web.archive.org/web/20160601193636/http://www.forbes.com/sites/darrenheitner/2016/06/01/mgm-buys-boyd-gamings-share-of-borgata-for-900-million/#5cf03eb0519d|url-status=live}}</ref><ref>{{cite press release|title=MGM Growth Properties LLC and MGM Resorts International complete transactions for acquisition of Borgata Hotel Casino & Spa|publisher=MGM Growth Properties|date=August 1, 2016|url=https://www.prnewswire.com/news-releases/mgm-growth-properties-llc-and-mgm-resorts-international-complete-transactions-for-acquisition-of-borgata-hotel-casino--spa-300306937.html|via=PR Newswire|access-date=2018-05-29|archive-date=2021-08-18|archive-url=https://web.archive.org/web/20210818123852/https://www.prnewswire.com/news-releases/mgm-growth-properties-llc-and-mgm-resorts-international-complete-transactions-for-acquisition-of-borgata-hotel-casino--spa-300306937.html|url-status=live}}</ref>
-In 2017, MGM launched two online ventures under the PlayMGM brand: an online sportsbook in Nevada, and an online casino in New Jersey.<ref>{{Cite news|url=https://www.legalsportsreport.com/13940/mgm-betting-app-sports-nevada/|title=MGM Looks To Shake Up An Already-Competitive Nevada Market With New playMGM Mobile Sports Betting App|date=2017-05-10|work=Legal Sports Report|access-date=2017-11-21|language=en-US|archive-date=2017-12-01|archive-url=https://web.archive.org/web/20171201030820/https://www.legalsportsreport.com/13940/mgm-betting-app-sports-nevada/|url-status=live}}</ref><ref>{{Cite press release|url=http://www.prnewswire.com/news-releases/mgm-resorts-international-introduces-real-money-online-gaming-in-new-jersey-on-playmgmcom-platform-300499264.html|title=MGM Resorts International Introduces Real-Money Online Gaming In New Jersey On playMGM.com Platform|publisher=MGM Resorts International|website=Prnewswire.com|language=en|access-date=2017-08-13|archive-date=2017-08-13|archive-url=https://web.archive.org/web/20170813225406/http://www.prnewswire.com/news-releases/mgm-resorts-international-introduces-real-money-online-gaming-in-new-jersey-on-playmgmcom-platform-300499264.html|url-status=live}}</ref><ref>{{Cite news|url=https://www.njgamblingwebsites.com/playmgm-legal-online-casino-nj/|title=MGM Launches Its First Branded, Real-Money Online Gambling Site In NJ|last=Duren|first=J.R.|date=2017-08-10|work=NJ Gambling Websites|access-date=2017-08-13|language=en-US|archive-date=2017-08-13|archive-url=https://web.archive.org/web/20170813230626/https://www.njgamblingwebsites.com/playmgm-legal-online-casino-nj/|url-status=live}}</ref>
-In October 2017, MGM purchased the [[San Antonio Stars]] of the [[Women's National Basketball Association]].<ref>{{cite news|date=October 17, 2017|title=W.N.B.A. moves into Las Vegas, joining the N.H.L. and N.F.L.|newspaper=New York Times|agency=AP|url=https://www.nytimes.com/2017/10/17/sports/basketball/wnba-san-antonio-stars-las-vegas.html|access-date=2018-08-07|archive-date=2018-08-08|archive-url=https://web.archive.org/web/20180808012034/https://www.nytimes.com/2017/10/17/sports/basketball/wnba-san-antonio-stars-las-vegas.html|url-status=live}}</ref> The team was moved to [[Mandalay Bay Events Center]] and began play as the [[Las Vegas Aces]] in 2018.<ref>{{cite news|author=Sam Gordon|date=May 6, 2018|title=A'ja Wilson scores 20 as Aces roll past Chinese National Team|newspaper=Las Vegas Review-Journal|url=https://www.reviewjournal.com/sports/basketball/aces-wnba/aja-wilson-scores-20-as-aces-roll-past-chinese-national-team/|access-date=2018-08-07|archive-date=2018-08-08|archive-url=https://web.archive.org/web/20180808011439/https://www.reviewjournal.com/sports/basketball/aces-wnba/aja-wilson-scores-20-as-aces-roll-past-chinese-national-team/|url-status=live}}</ref> In August 2018, MGM and Hyatt sold the Grand Victoria Casino to Eldorado Resorts for $328 million.<ref>{{cite news|author=Corilyn Shropshire|date=April 16, 2018|title=Elgin's Grand Victoria Casino to sell for $327.5 million|newspaper=Chicago Tribune|url=http://www.chicagotribune.com/business/ct-biz-grand-victoria-casino-sold-20180416-story.html|access-date=2018-04-23|archive-date=2018-04-22|archive-url=https://web.archive.org/web/20180422203838/http://www.chicagotribune.com/business/ct-biz-grand-victoria-casino-sold-20180416-story.html|url-status=live}}</ref><ref>{{cite press release|title=Eldorado Resorts completes acquisition of Grand Victoria Casino|publisher=Eldorado Resorts|date=August 7, 2018|url=https://www.businesswire.com/news/home/20180807005508/en/Eldorado-Resorts-Completes-Acquisition-Grand-Victoria-Casino|via=Business Wire|access-date=2018-08-07|archive-date=2018-08-07|archive-url=https://web.archive.org/web/20180807185201/https://www.businesswire.com/news/home/20180807005508/en/Eldorado-Resorts-Completes-Acquisition-Grand-Victoria-Casino/|url-status=live}}</ref> In January 2019, MGM bought [[Yonkers Raceway|Yonkers Raceway and Empire City Casino]] in New York from the [[Rooney family]] for $850 million, and then immediately sold the land and buildings to MGP for $625 million, and leased them back for $50 million per year.<ref>{{cite news|url=https://www.masslive.com/business/2019/01/mgm-finalizes-850-million-deal-for-empire-city-casino-in-yonkers-new-york.html|title=MGM finalizes $850 million deal for Empire City Casino in Yonkers, New York|last=Kinney|first=Jim|date=January 30, 2019|newspaper=The Republican|access-date=2019-02-16|location=Springfield, MA|archive-date=2021-08-18|archive-url=https://web.archive.org/web/20210818123848/https://www.masslive.com/business/2019/01/mgm-finalizes-850-million-deal-for-empire-city-casino-in-yonkers-new-york.html|url-status=live}}</ref><ref name="mgm2019">{{cite press release|title=MGM Resorts International and MGM Growth Properties complete transaction to acquire Empire City Casino in Yonkers, New York|publisher=MGM Resorts International|date=January 29, 2019|url=https://www.prnewswire.com/news-releases/mgm-resorts-international-and-mgm-growth-properties-complete-transaction-to-acquire-empire-city-casino-in-yonkers-new-york-300786158.html|access-date=2019-02-16|via=PR Newswire|archive-date=2021-08-18|archive-url=https://web.archive.org/web/20210818123855/https://www.prnewswire.com/news-releases/mgm-resorts-international-and-mgm-growth-properties-complete-transaction-to-acquire-empire-city-casino-in-yonkers-new-york-300786158.html|url-status=live}}</ref>
-In 2018, MGM Resorts signed a gaming partnership with [[National Football League|NFL]] team the [[New York Jets]].<ref>{{Cite web|date=31 October 2018|title=MGM Resorts, Jets forge gaming partnership, first deal of its kind|url=https://www.espn.com/chalk/story/_/id/25132999/mgm-resorts-signs-gaming-partnership-new-york-jets-first-kind|access-date=9 July 2021|website=ESPN|archive-date=9 July 2021|archive-url=https://web.archive.org/web/20210709191131/https://www.espn.com/chalk/story/_/id/25132999/mgm-resorts-signs-gaming-partnership-new-york-jets-first-kind|url-status=live}}</ref>
-in 2019, MGM sold two resorts on the Las Vegas strip: Bellagio and Circus Circus. They sold their real estate assets of Bellagio to [[Blackstone Group]] while selling Circus Circus to Phil Ruffin.<ref>{{Cite web|url=https://www.barrons.com/amp/articles/mgm-resorts-international-sells-bellagio-circus-circus-what-comes-next-51571245732|title=MGM is Selling the Bellagio and Circus Circus. Here's What Comes Next|access-date=2021-12-20|archive-date=2021-12-20|archive-url=https://web.archive.org/web/20211220064823/https://www.barrons.com/amp/articles/mgm-resorts-international-sells-bellagio-circus-circus-what-comes-next-51571245732|url-status=live}}</ref> In 2020, they sold their real estate assets of MGM Grand and Mandalay Bay to a joint venture between Blackstone and mgm growth properties.<ref>{{Cite web|url=https://www.reviewjournal.com/business/casinos-gaming/mandalay-bay-mgm-grand-sold-to-blackstone-in-4-6b-deal-1935198/amp/|title=Las Vegas Strip &#124; Blackstone buys MGM properties in $4.6B deal &#124; Las Vegas Review-Journal|access-date=2021-12-20|archive-date=2021-12-20|archive-url=https://web.archive.org/web/20211220064829/https://www.reviewjournal.com/business/casinos-gaming/mandalay-bay-mgm-grand-sold-to-blackstone-in-4-6b-deal-1935198/amp/|url-status=live}}</ref>
-in 2021, they bought 50% of Dubai World’s share of city center and sold the real estate assets of [[Aria Resort and Casino|Aria]] and [[Vdara]] to Blackstone<ref>{{Cite web|url=https://news3lv.com/amp/news/local/mgm-resorts-sells-aria-vdara-in-39-billion-leaseback-deal|title=MGM Resorts sells Aria, Vdara in $3.9 billion leaseback deal|access-date=2021-12-20|archive-date=2021-12-20|archive-url=https://web.archive.org/web/20211220081051/https://news3lv.com/amp/news/local/mgm-resorts-sells-aria-vdara-in-39-billion-leaseback-deal|url-status=live}}</ref> and later purchased the operating assets of [[Cosmopolitan of Las Vegas]] and later sold the Mirage to [[Hard Rock International]].<ref>{{Cite web|url=https://www.reviewjournal.com/business/business-columns/inside-gaming/acquisition-of-the-cosmopolitan-was-shrewd-move-by-mgm-resorts-2452218/amp/|title=MGM Resorts makes shrewd move to acquire the Cosmopolitan of Las Vegas &#124; Las Vegas Review-Journal|access-date=2021-12-20|archive-date=2021-12-20|archive-url=https://web.archive.org/web/20211220064828/https://www.reviewjournal.com/business/business-columns/inside-gaming/acquisition-of-the-cosmopolitan-was-shrewd-move-by-mgm-resorts-2452218/amp/|url-status=live}}</ref><ref>{{Cite web|url=https://www.usatoday.com/story/travel/experience/las-vegas/2021/12/13/mgm-selling-mirage-casino/8655834002/|title=MGM will sell iconic Las Vegas Mirage Hotel in $1 billion deal|first=Bailey|last=Schulz|website=USA TODAY|access-date=2022-09-14|archive-date=2022-07-27|archive-url=https://web.archive.org/web/20220727212000/https://www.usatoday.com/story/travel/experience/las-vegas/2021/12/13/mgm-selling-mirage-casino/8655834002/|url-status=live}}</ref>
-====Response to the COVID-19 pandemic====
-In August 2020, MGM cut 18,000 job positions as a result of the effects of the [[COVID-19 pandemic in the United States|COVID-19 pandemic]]. The job cuts represent one fourth of its workforce, which before the start of the pandemic was 68,000.<ref>{{cite news|url=https://www.wsj.com/articles/mgm-resorts-lays-off-18-000-workers-11598626822?mod=business_lead_pos1|title=MGM Resorts Lays off 18,000 Workers|work=[[The Wall Street Journal]]|date=August 28, 2020|last=Sayre|first=Katherine|access-date=August 28, 2020|archive-date=April 22, 2023|archive-url=https://web.archive.org/web/20230422010206/https://www.wsj.com/articles/mgm-resorts-lays-off-18-000-workers-11598626822?mod=business_lead_pos1|url-status=live}}</ref>
-==== Attempts to block tribal casino developments ====
-MGM lobbied the Trump administration against giving federal approval for a casino operated by two native tribes in East Windsor, Connecticut.<ref name=":0">{{Cite news|date=2020|title=Senior Justice Dept. official stalled probe against former interior secretary Ryan Zinke, sources say|newspaper=The Washington Post|url=https://www.washingtonpost.com/climate-environment/2020/11/12/justice-department-zinke/|access-date=2020-12-19|archive-date=2020-12-15|archive-url=https://web.archive.org/web/20201215193603/https://www.washingtonpost.com/climate-environment/2020/11/12/justice-department-zinke/|url-status=live}}</ref> The casino would have provided competition to a MGM casino across the border in Massachusetts.<ref name=":0" />
-====Marriott partnership====
-In July 2023, MGM Resorts announced an agreement with [[Marriott International]] to bring its 17 properties within Marriott's global reservations system and its Bonvoy loyalty program, creating the ''MGM Collection With Marriott Bonvoy''.<ref>https://news.marriott.com/news/2023/07/17/marriott-international-and-mgm-resorts-international-announce-long-term-license-agreement-and-creation-of-mgm-collection-with-marriott-bonvoy</ref> The new partnership will see four of MGM's properties fully affiliated with Marriott brands beginning in late 2023. The Bellagio will join The Luxury Collection division of Marriott, the Park MGM will join Marriott's Tribute Portfolio, and the Aria will join Marriott's Autograph Collection, which The Cosmopolitan has been a member of since its opening.<ref>https://www.marriott.com/marriott-brands/mgm-collection.mi</ref>
-==== Cybersecurity attack ====
-{{Further|Scattered Spider}}
-On September 10, 2023, MGM Resorts disclosed that it had been the victim of a [[Cyberattack|cybersecurity attack]] that cost the company $100 million. The attack affected MGM's casinos on the Las Vegas Strip and caused disruptions to hotel operations and casino floors.
-The company stated that it had enough [[Cyber insurance|cybersecurity insurance]] to cover the financial losses from the attack, and that it did not anticipate a material impact on the company's overall performance. MGM also disclosed that it declined to pay a ransom to the hackers.<ref>{{cite news |last=Sayre |first=Katherine |url=https://www.wsj.com/tech/cybersecurity/mgm-resorts-refused-to-pay-ransom-in-cyberattack-on-casinos-3a53fa6d |title=MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos |work=[[The Wall Street Journal]] |date=2023-10-05 |accessdate=2023-10-09 }}</ref>
 ==MGM Hospitality==

v t e MGM Resorts International
Nevada	Bellagio CityCenter Aria Vdara Excalibur Luxor Mandalay Bay Delano Convention Center Michelob Ultra Arena MGM Grand Garden Arena Signature New York-New York Park MGM T-Mobile Arena (43% stake)
Midwestern U.S.	Michigan: MGM Grand Detroit Ohio: MGM Northfield Park
Northeastern U.S.	Maryland: MGM National Harbor Massachusetts: MGM Springfield New Jersey: Borgata New York: Yonkers Raceway
Southern U.S.	Mississippi: Beau Rivage
China	MGM Cotai MGM Macau
Golf courses	Primm Valley Shadow Creek
Former	Circus Circus Las Vegas Circus Circus Reno Colorado Belle Crystals Edgewater Gold Strike Jean Gold Strike Tunica Grand Victoria (50% stake) The Harmon Las Vegas Festival Grounds Mirage Las Vegas Aces Mandarin Oriental Nevada Landing Primm Valley Resorts Railroad Pass Silver Legacy Treasure Island