7/1/2023 0 Comments Mgm gold strike tunicaStatements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. , MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" Through the integrated resort opportunity in The Company is currently pursuing targeted expansion in Through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary LeoVegas AB offers sports betting and online gaming through market-leading brands in several jurisdictions throughout The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. MGM Resorts creates immersive, iconic experiences through its suite of MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. Weil, Gotshal & Manges LLP served as legal counsel to MGM Resorts.Ĭalculated as net income of $47 million, adjusted for $3 million of depreciation and amortization, $7 million of property transactions, net, and $41 million of rent expense associated with triple-net operating leases. The Company expects net cash proceeds after taxes and estimated fees to be approximately To account for the Company's sale of the operations of Gold Strike. (NYSE: VICI) that currently includes the Gold Strike property will be amended to reduce the annual rent by At the closing of the transaction, MGM Resorts' master lease with VICI Properties, Inc. , CFO & Treasurer, MGM Resorts International. "We plan to use the proceeds from this transaction to further fortify our balance sheet, deploy capital to growth opportunities, and return capital to shareholders," said "I wish Gold Strike well, and firmly believe a bright future is ahead for this property." , CEO & President, MGM Resorts International. ![]() , and the employees there represent southern hospitality at its finest," said
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