{{short description|American multinational hotel, sports and entertainment company}} {{Infobox company | name = MGM Resorts International | former_name = {{Unbulleted list|Grand Name Co. (1986–1987)|MGM Grand Inc. (1987–2000)|MGM Mirage (2000–2010)}} | logo = MGM Resorts International logo.svg | logo_caption = Logo since 2010, featuring Leo the Lion | type = Public | image = LasVegas-MGMgrand.jpg | image_caption = MGM Grand hotel on the Las Vegas strip | traded_as = {{Unbulleted list|{{NYSE|MGM}}||S&P 500 component}} | founded = {{Start date and age|1986}} | founder = Kirk Kerkorian | predecessor = | successor = | location = Paradise, Nevada, U.S. | area_served =Worldwide<ref>{{cite web |title=MGM Resorts Destinations |url=https://www.mgmresorts.com/en/destinations.html |publisher=MGM}}</ref> | key_people = {{ubl|Grant Leingang (President)| Bill Hornbuckle (CEO)|Paul Salem (chairman)}} | brands = | revenue = {{increase}} {{US$|17.2 billion|link=yes}} (2024) | operating_income = {{decrease}} {{US$|1.49 billion}} (2024) | net_income = {{decrease}} {{US$|747 million}} (2024) | aum = | assets = {{decrease}} {{US$|42.4 billion}} (2024) | equity = {{decrease}} {{US$|3.02 billion}} (2024) | num_employees = 63,000 (2024) | divisions = | products = Casinos<br /> Hotels<br /> Sports<br /> Entertainment<br /> Resorts | subsid = MGM Resorts Vacations<br />Diaoyutai MGM Hospitality<br />BetMGM<br />LeoVegas | website = {{URL|https://www.mgmresorts.com}} | footnotes = <ref name="U.S. Securities Exchange Commission Form 10-K">{{cite web | url = https://www.sec.gov/ix?doc=/Archives/edgar/data/789570/000078957025000008/mgm-20241231.htm | title = 2024 Annual Report (Form 10-K) | access-date = 2025-02-19 | date = 2025-02-18 | publisher = U.S. Securities and Exchange Commission }}</ref> }}
'''MGM Resorts International''' is an American multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the 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-gambling (lodging, food, retail) revenue began to outpace gambling receipts, and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average.<ref name="nyt1">{{cite news|title=HAVENS; Condo Hotels Move Beyond Resort Towns|work=The New York Times|date=2004-04-02|url=https://www.nytimes.com/2004/04/02/travel/havens-condo-hotels-move-beyond-resort-towns.html|first=Dennis|last=Rodkin|access-date=2017-02-10|archive-date=2016-01-05|archive-url=https://web.archive.org/web/20160105134825/http://www.nytimes.com/2004/04/02/travel/havens-condo-hotels-move-beyond-resort-towns.html|url-status=live}}</ref><ref name="houseloses">{{cite news | title=In Las Vegas, the house loses | work=Guardian | date=2009-07-29 | url=https://www.theguardian.com/commentisfree/cifamerica/2009/jul/29/las-vegas-housing-foreclosures-banks | location=London | first=Sadhbh | last=Walshe | access-date=2016-12-12 | archive-date=2016-03-06 | archive-url=https://web.archive.org/web/20160306075719/http://www.theguardian.com/commentisfree/cifamerica/2009/jul/29/las-vegas-housing-foreclosures-banks | url-status=live }}</ref> The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gambling industry—launching the massive CityCenter mixed-use project,<ref name="hbr1">{{cite journal |author1=A. Eugene Kohn |author2=John D. Macomber |author3=Ben Creo | title=CityCenter (A): Vision and Design | journal=Harvard Business Review | pages=3–4 | date=2009-01-12 }}</ref><ref name="hbr2">{{cite journal |author1=A. Eugene Kohn |author2=John D. Macomber |author3=Ben Creo | title=CityCenter (B): Economics and Delivery | journal=Harvard Business Review | pages=2 | date=2009-01-13 }}</ref> 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.<ref>{{cite web|url=http://www2.citycenter.com/images/pressroom/Worlds_Biggest_Construction_Site.pdf|title=World's Biggest Construction Site|website=2.citycenter.com|access-date=10 September 2017|archive-date=2 February 2017|archive-url=https://web.archive.org/web/20170202000831/http://www2.citycenter.com/images/pressroom/Worlds_Biggest_Construction_Site.pdf|url-status=live}}</ref> City Center's development coincided with the 2008 financial crisis, causing more than $1 billion in write-offs in its valuation.<ref name="writedownsvaluation">{{cite news| url=https://www.wsj.com/articles/SB10001424052748704500604574485111097430086| title=MGM Mirage to Take More Than $1 Billion in Write-Downs| work=Wall Street Journal| access-date=2017-08-12| archive-date=2017-08-12| archive-url=https://web.archive.org/web/20170812134349/https://www.wsj.com/articles/SB10001424052748704500604574485111097430086| url-status=live}}</ref>
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 (MGM) 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% to 39%.<ref name="tracinda">{{cite news |url=https://www.wsj.com/articles/SB124268713396332161 |title=Kerkorian Stake in MGM Mirage Shrinks |work=Wall Street Journal |access-date=2017-08-12 |archive-date=2017-08-12 |archive-url=https://web.archive.org/web/20170812140347/https://www.wsj.com/articles/SB124268713396332161 |url-status=live }}</ref><ref name="moneycnnnews">{{cite news| url= https://money.cnn.com/news/newsfeeds/articles/djf500/200905191234DOWJONESDJONLINE000517_FORTUNE5.htm | title= MGM To Pay Back $825.6 Million In Debt Following Stock, Note Sales|archive-url=https://web.archive.org/web/20090522132904/http://money.cnn.com/news/newsfeeds/articles/djf500/200905191234DOWJONESDJONLINE000517_FORTUNE5.htm |archive-date=2009-05-22 |date=2009-05-19 |work= CNN Money}}</ref> On June 15, 2010, shareholders voted for MGM Mirage to change its name to "MGM Resorts International".<ref name="fnnegana">{{cite news|author= Finnegan, Amanda|url= http://www.lasvegassun.com/news/2010/jun/15/mgm-mirage-changes-name-now-mgm-resorts-internatio/|title= MGM Mirage changes name, now MGM Resorts International|work= Las Vegas Sun|location= Las Vegas|date= 15 June 2010|access-date= 22 May 2014|archive-date= 26 April 2014|archive-url= https://web.archive.org/web/20140426045825/http://www.lasvegassun.com/news/2010/jun/15/mgm-mirage-changes-name-now-mgm-resorts-internatio/|url-status= live}}</ref>
In 2015, the company split into two: MGM Growth Properties, a real estate company, and MGM Resorts, which shifted to operating properties.<ref>{{Cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1656936/000165693620000007/mgp201910-k.htm|title=Inline XBRL Viewer|website=www.sec.gov|access-date=2021-12-24|archive-date=2021-12-24|archive-url=https://web.archive.org/web/20211224075325/https://www.sec.gov/ix?doc=/Archives/edgar/data/1656936/000165693620000007/mgp201910-k.htm|url-status=live}}</ref><ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/mgm-resorts-international-announces-plan-to-create-a-reit-300168621.html|title=MGM Resorts International Announces Plan to Create a REIT|access-date=2021-12-24|archive-date=2021-12-24|archive-url=https://web.archive.org/web/20211224080439/https://www.prnewswire.com/news-releases/mgm-resorts-international-announces-plan-to-create-a-reit-300168621.html|url-status=live}}</ref> Today, MGM Resorts is the largest casino company in the world by revenue, making $13.13 billion USD in revenue in 2022.<ref>{{Cite web |title=Leading selected casino companies by revenue 2022 |url=https://www.statista.com/statistics/257531/leading-casino-companies-worldwide-by-revenue/ |access-date=2024-03-01 |website=Statista |language=en}}</ref>
==History== ===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=https://www.latimes.com/archives/la-xpm-1990-03-08-fi-2987-story.html|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}}</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}}</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}}</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}}</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}}</ref> The next year, the film studio was 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}}</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=https://www.latimes.com/archives/la-xpm-1987-09-07-fi-4177-story.html|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 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 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 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 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 gambling 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 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 and 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 Mirage, Treasure Island, Bellagio, Boardwalk, and Golden Nugget casinos in Las Vegas, the Golden Nugget in Laughlin, and the Beau Rivage in Mississippi, and a half share of the 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 gambling 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=https://www.chicagotribune.com/2002/06/05/casino-buyout-off-the-table/|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 gambling 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 signed deals to build casinos at the 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 Waterfront in Liverpool, and at a proposed stadium in 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 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 "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 and 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 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 gambling company in the world,<ref name=smith /> but it was surpassed just two months later when Harrah's Entertainment acquired 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 gambling concession in Macau, the company had remained interested in the burgeoning gambling 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 gambling regulators informally vetoed the idea because of the alleged involvement of 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 gambling market, calling for proposals to build two "integrated resort" casinos at 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 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>
In 2007, MGM Mirage disposed of some outlying properties in Southern Nevada. The two Laughlin casinos (the Colorado Belle and Edgewater) were sold for $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 Primm Valley Resorts were sold for $400 million,<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> and the Nevada Landing Hotel and Casino was closed.<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 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=May 2026|bot=medic}}{{cbignore|bot=medic}} </ref> left|thumb|Old MGM Mirage logo In October 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 gambling 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>
In December 2008, MGM Mirage announced the sale of its Las Vegas 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>
In March 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}}{{Dead link|date=October 2025 |bot=InternetArchiveBot }}</ref>
Starting in April 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.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)=== In June 2010, MGM Mirage changed its name to "MGM Resorts International", to emphasize the brand's global scope and increased non-gambling 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 May 2011, an initial public offering was held for the MGM Macau property through a new holding company, MGM China. MGM retained a 51 percent interest in the company, with Pansy Ho holding a 29 percent stake, and 20 percent sold to public investors for $1.5 billion.<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 $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 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, 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><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> 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>
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,<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) 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, the high-end mall in CityCenter, to Invesco Real Estate and Simon Property Group for $1.1 billion.<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 |work=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 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> MGM Resorts is bidding to secure a full casino license for their Empire City Casino which would allow for table games. If awarded a casino license, they will also expand the casino and add new amenities. The community advisory committee voted 5-0 in favor of the proposed development on September 25, 2025. This vote advances MGM’s bid to be considered for a full casino license in New York.<ref>{{cite news |last=Garber |first=Nick |date=September 25, 2025 |url=https://www.crainsnewyork.com/politics-policy/mgm-empire-city-casino-bid-survives-vote-after-manhattan-rejections |title=MGM's Yonkers casino survives vote after Manhattan rejections |work=Crain's New York Business |access-date=September 25, 2025}}</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 MGP.<ref>{{Cite web|url=https://www.reviewjournal.com/business/casinos-gaming/mandalay-bay-mgm-grand-sold-to-blackstone-in-4-6b-deal-1935198/|title=Blackstone buys MGM properties in $4.6B deal | website=Las Vegas Review-Journal|date=14 January 2020 |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, MGM bought 50% of Dubai World's share of CityCenter and sold the real estate assets of Aria and Vdara to Blackstone<ref>{{Cite web|url=https://news3lv.com/news/local/mgm-resorts-sells-aria-vdara-in-39-billion-leaseback-deal|title=MGM Resorts sells Aria, Vdara in $3.9 billion leaseback deal|date=July 2021 |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/|title=MGM Resorts makes shrewd move to acquire the Cosmopolitan of Las Vegas |website= Las Vegas Review-Journal|date=3 October 2021 |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> Also in 2021, MGM would sell the Las Vegas Aces to Mark Davis, owner of the Las Vegas Raiders.<ref>{{Cite web |date=2021-01-14 |title=Raiders owner Mark Davis buys Aces from MGM |url=https://www.reviewjournal.com/sports/aces/raiders-owner-mark-davis-buys-aces-from-mgm-2252884/ |access-date=2024-04-16 |website=Las Vegas Review-Journal |language=en-US}}</ref>
MGM is looking to secure a casino license in the United Arab Emirates in order to operate a casino at their upcoming property in Dubai which is set to open in 2028. So far, only Wynn Resorts has secured a gambling license in the country.<ref>[https://www.casino.org/news/mgm-ceo-surprised-company-hasnt-won-uae-casino-license/ MGM CEO Hornbuckle Surprised Company Hasn’t Won UAE Casino License]</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. 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>{{cite web | url=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 | title=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.<ref>{{Cite web |date=November 2023 |title=Marriott, MGM delay loyalty partnership launch to 2024 |url=https://www.yogonet.com/international/news/2023/11/01/69456-marriott-mgm-delay-loyalty-partnership-launch-to-2024 }}</ref> 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>{{cite web | url=https://www.marriott.com/marriott-brands/mgm-collection.mi | title=MGM Collection Launches with Marriott Bonvoy - Click to Learn More }}</ref>
==== Cyber attacks ==== A data breach in 2019 affected 10.6 million previous customers, with about 1300 individual's having identification numbers exposed.<ref>{{Cite news |last=Levenson |first=Michael |date=2020-02-20 |title=MGM Resorts Says Data Breach Exposed Some Guests’ Personal Information |url=https://www.nytimes.com/2020/02/19/us/mgm-data-breach.html |access-date=2026-04-15 |work=The New York Times |language=en-US |issn=0362-4331}}</ref>{{See also|Scattered Spider}}In September 2023, MGM's hotel and casino operations were disrupted for several days during a cybersecurity attack by the hacking group Scattered Spider.<ref>{{cite news|title=The chaotic and cinematic MGM casino hack, explained|work=Vox|date=October 6, 2023|first=Sara|last=Morrison|url=https://www.vox.com/technology/2023/9/15/23875113/mgm-hack-casino-vishing-cybersecurity-ransomware|accessdate=2023-10-21}}</ref> The company refused to pay a ransom to the hackers, and stated that its losses of $100 million would be covered by cyber insurance.<ref>{{cite news |last=Sayre |first=Katherine |url=https://www.wsj.com/tech/cybersecurity/mgm-resorts-refused-to-pay-ransom-in-cyberattack-on-casinos-3a53fa6d |title=MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos |work=The Wall Street Journal |date=October 5, 2023 |accessdate=2023-10-09 }}</ref> As a result of the cyberattack, multiple class action lawsuits were filed against MGM Resorts as well as Caesars Entertainment, which Scattered Spider had hacked into during the same month, with all stating that the failure for both of the casino operators to adequately secure their data constituted breach of contract.<ref>{{Cite web |date=2023-09-26 |title=Complaints filed say MGM Resorts, Caesars Entertainment failed to protect information from cyberattack |url=https://www.ktnv.com/news/complaints-filed-say-mgm-resorts-caesars-entertainment-failed-to-protect-information-from-cyberattack |access-date=2023-09-26 |website=Channel 13 Las Vegas News KTNV |language=en}}</ref><ref>{{Cite web |last=Croft |first=Daniel |date=2023-09-26 |title=5 class actions launched against MGM, Caesars |url=https://www.cybersecurityconnect.com.au/commercial/9607-5-class-actions-launched-against-mgm-caesars |access-date=2023-09-26 |website=www.cybersecurityconnect.com.au |language=en}}</ref> Hackers Scattered Spider later formed a cybercrime collective with ShinyHunters and Lapsus$ in 2025.<ref>{{Cite web |last=Lakshmanan|first=Ravie|date=2025-11-04|title=A Cybercrime Merger Like No Other — Scattered Spider, LAPSUS$, and ShinyHunters Join Forces|url=http://thehackernews.com/2025/11/a-cybercrime-merger-like-no-other.html|access-date=2026-03-11|website=The Hacker News}}</ref>
Both the 2019 and 2023 class action lawsuits were settled together for $45 million on June 18, 2025.<ref>{{Cite news |last=Brown |first=Christopher |date=2025-06-19 |title=MGM Resorts’ $45 Million Data Breach Deal Gets Final Court Nod |url=https://news.bloomberglaw.com/litigation/mgm-resorts-45-million-data-breach-deal-gets-final-court-nod |access-date=2026-04-15 |work=Bloomberg Law}}</ref><ref>{{Cite web |title=MGM International Resorts Data Breach Litigation - Error |url=https://www.mgmdatasettlement.com/Error/GeneralError |access-date=2026-04-15 |website=www.mgmdatasettlement.com}}</ref>
==== Escape Solar + Storage ==== In September 2024, the company contracted with Escape Solar for the Escape Solar + Storage project, to be operated by Estuary Power.<ref>{{Cite web |date=2024-09-13 |title=MGM Resorts Signs Agreement to Double Solar Electricity Access |url=https://lodgingmagazine.com/mgm-resorts-signs-agreement-to-double-solar-electricity-access/ |access-date=2025-01-13 |website=LODGING Magazine |language=en-US}}</ref> The $340 million solar facility will help power Las Vegas Strip casinos, with more than 60% of its battery energy storage planned for MGM Resorts International casinos.<ref>{{Cite web |date=2025-01-08 |title=$340M solar project will help power Strip casinos |url=https://www.reviewjournal.com/business/340m-solar-project-will-help-power-strip-casinos-3261991/ |access-date=2025-01-13 |website=Las Vegas Review-Journal |language=en-US}}</ref>
==== MGM Osaka ====
In April 2025, MGM Resorts broke ground on MGM Osaka, which will be the first integrated resort and casino in Japan. It is set to open in 2030.<ref>[https://www.casino.org/news/mgm-osaka-breaks-ground-9-billion-resort-japan/ MGM Osaka Breaks Ground on $8.9 Billion Resort, Japan's First Casino]</ref>
==== NGCB fine ==== Nevada Gaming Control Board (NGCB) unanimously voted, on April 24, 2025, to levy a fine of $8.5 million on the company for having allowed two illegal bookmakers to gamble at MGM Grand and The Cosmopolitan. The investigation implicated former MGM Grand president Scott Sibella, as facilitating the fraud, between 2017 and 2020.<ref>{{Cite web |date=2025-04-24 |title=$8.5M fine ordered for MGM Resorts over illegal bookmakers |url=https://www.reviewjournal.com/business/casinos-gaming/8-5m-fine-ordered-for-mgm-resorts-over-illegal-bookmakers-3362641/ |access-date=2025-05-16 |website=Las Vegas Review-Journal |language=en-US}}</ref> Sibella's gambling license was revoked by the Nevada Gaming Commission on December 19, 2024.<ref>{{Cite web |date=2025-01-05 |title=Opinion: Casino outcast Sibella has opened a door that can't easily be shut |url=https://thenevadaindependent.com/article/opinion-casino-outcast-sibella-has-opened-a-door-that-cant-easily-be-shut |access-date=2025-05-16 |website=The Nevada Independent |language=en}}</ref>
==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.<ref>Milligan, Michael, [http://www.travelweekly.com/Travel-News/Hotel-News/MGM-Mirage-forms-subsidiary-to-develop-luxury-hotels/ "MGM Mirage forms subsidiary to develop luxury hotels"] {{Webarchive|url=https://web.archive.org/web/20151017202422/http://www.travelweekly.com/Travel-News/Hotel-News/MGM-Mirage-forms-subsidiary-to-develop-luxury-hotels/ |date=2015-10-17 }}, "Travel Weekly", May 29, 2007. Retrieved 14 May 2014.</ref>
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.<ref>Ti, Zhuan. [http://europe.chinadaily.com.cn/travel/2013-07/22/content_16810591.htm "Diaoyutai MGM Hospitality Expands Presence in China"] {{Webarchive|url=https://web.archive.org/web/20140517163051/http://europe.chinadaily.com.cn/travel/2013-07/22/content_16810591.htm |date=2014-05-17 }}, "China Daily", July 22, 2013. Retrieved 14 May 2014.</ref>
In April 2013, Hakkasan Las Vegas at the MGM Grand opened its 80,000-square-foot venue on five levels.<ref>{{cite news |title=MGM Grand opens five-level, $200-million restaurant-nightclub Hakkasan |url=https://www.latimes.com/food/la-xpm-2013-apr-19-la-hakkasan-las-vegas-previews-at-mgm-grand-20130419-story.html |access-date=31 May 2024 |work=Los Angeles Times |date=April 19, 2013}}</ref> In 2014, MGM and Hakkasan Group announced the formation of a joint venture named MGM Hakkasan Hospitality, which would develop non-gambling hotels around the world.<ref>Mac, Ryan. [https://www.forbes.com/sites/ryanmac/2014/04/15/mgm-resorts-joins-venture-with-abu-dhabis-hakkasan-group-to-build-non-gaming-hotels/ "MGM Joins Venture with Hakkasan to Build Non-Gaming Hotels Worldwide"] {{Webarchive|url=https://web.archive.org/web/20170908191727/https://www.forbes.com/sites/ryanmac/2014/04/15/mgm-resorts-joins-venture-with-abu-dhabis-hakkasan-group-to-build-non-gaming-hotels/ |date=2017-09-08 }} "Forbes", April 15, 2014. Retrieved 14 May 2014.</ref> The partnership was terminated a year later.<ref>{{cite report|title=Form 10-K: Annual Report|publisher=MGM Resorts International|date=February 29, 2016|url=https://www.sec.gov/Archives/edgar/data/789570/000156459016013639/mgm-10k_20151231.htm|page=7|via=EDGAR|access-date=April 26, 2018|archive-date=May 25, 2016|archive-url=https://web.archive.org/web/20160525155007/http://www.sec.gov/Archives/edgar/data/789570/000156459016013639/mgm-10k_20151231.htm|url-status=live}}</ref>
==BetMGM== [[File:Bet MGM advertisement at Chicago Union Station - June 2022 - Sarah Stierch.jpg|thumb|BetMGM advertising at Chicago Union Station in June 2022.]] 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 gambling platform targeting the U.S. market in states where such activities are legal.<ref>{{cite press release |title=MGM Resorts International and GVC Holdings PLC Announce Joint Venture to Create Leading Sports Betting and Interactive Gaming Platform in the U.S. |url=https://investors.mgmresorts.com/investors/news-releases/press-release-details/2018/MGM-Resorts-International-And-GVC-Holdings-PLC-Announce-Joint-Venture-To-Create-Leading-Sports-Betting-And-Interactive-Gaming-Platform-In-The-US/default.aspx |website=Investors.mgmresorts.com |accessdate=1 May 2021 |archive-date=25 April 2021 |archive-url=https://web.archive.org/web/20210425214656/https://investors.mgmresorts.com/investors/news-releases/press-release-details/2018/MGM-Resorts-International-And-GVC-Holdings-PLC-Announce-Joint-Venture-To-Create-Leading-Sports-Betting-And-Interactive-Gaming-Platform-In-The-US/default.aspx |url-status=live }}</ref> In January 2019, the joint venture was named Roar Digital.<ref>{{cite web |title=MGM-GVC's US joint venture named Roar Digital |url=https://www.igamingbusiness.com/news/mgm-gvcs-us-joint-venture-named-roar-digital |website=iGamingBusiness.com |access-date=1 May 2021 |date=2019-01-09 |archive-date=2019-07-26 |archive-url=https://web.archive.org/web/20190726004245/https://www.igamingbusiness.com/news/mgm-gvcs-us-joint-venture-named-roar-digital |url-status=live }}</ref>
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.<ref>{{cite web|url=https://www.businesswire.com/news/home/20190905005537/en/%C2%A0Buffalo-Wild-Wings-Partners-With-BetMGM-to-Bring-Sports-Gaming-Experiences-to-Fans-Nationwide|title=Buffalo Wild Wings Partners With BetMGM to Bring Sports Gaming Experiences to Fans Nationwide|website=Business Wire|date=5 September 2019|access-date=1 May 2021|archive-date=2 May 2021|archive-url=https://web.archive.org/web/20210502022005/https://www.businesswire.com/news/home/20190905005537/en/%C2%A0Buffalo-Wild-Wings-Partners-With-BetMGM-to-Bring-Sports-Gaming-Experiences-to-Fans-Nationwide|url-status=live}}</ref><ref name="BusinessWire">{{cite web|url=https://sports.yahoo.com/yahoo-sports-bet-mgm-enter-historic-partnership-in-sports-betting-realm-042132876.html|title=Yahoo Sports, BetMGM enter historic partnership in sports betting|website=sports.yahoo.com|date=29 October 2019|access-date=1 May 2021}}</ref>
In late 2018, BetMGM signed official partnerships with several North American professional sports leagues, including the National Basketball Association,<ref>{{cite web |last1=Roberts |first1=Daniel |title=NBA holds all the cards in sports betting deal with MGM |url=https://finance.yahoo.com/news/nba-holds-cards-sports-betting-deal-mgm-182333795.html |website=Yahoo! Finance |date=1 August 2018 |access-date=1 May 2021 |archive-date=2 May 2021 |archive-url=https://web.archive.org/web/20210502022004/https://finance.yahoo.com/news/nba-holds-cards-sports-betting-deal-mgm-182333795.html |url-status=live }}</ref> the National Hockey League,<ref>{{cite web |last1=Rosen |first1=Dan |title=NHL, MGM Resorts form sports betting partnership |url=https://www.nhl.com/news/nhl-mgm-resorts-sports-betting-partnership/c-301392322 |website=NHL.com |date=29 October 2018 |access-date=1 May 2021 |archive-date=2 May 2021 |archive-url=https://web.archive.org/web/20210502022006/https://www.nhl.com/news/nhl-mgm-resorts-sports-betting-partnership/c-301392322 |url-status=live }}</ref> and Major League Baseball.<ref>{{cite web |last1=Purdum |first1=David |last2=Rovell |first2=Darren |title=MLB and MGM Resorts International strike gaming partnership |url=http://www.espn.com/chalk/story/_/id/25393195/major-league-baseball-partners-mgm-resorts-international |website=ESPN.com |date=27 November 2018 |access-date=1 May 2021 |archive-date=2021-05-03 |archive-url=https://web.archive.org/web/20210503031910/https://www.espn.com/chalk/story/_/id/25393195/major-league-baseball-partners-mgm-resorts-international |url-status=live }}</ref> In July 2020, BetMGM announced a partnership with the Denver Broncos of the National Football League.<ref>{{cite web |title=Broncos & BetMGM agree to multi-year sports betting partnership, which includes premium lounge at Empower Field at Mile High |url=https://www.denverbroncos.com/news/broncos-betmgm-agree-to-multi-year-sports-betting-partnership-which-includes-pre |website=denverbroncos.com |access-date=2021-05-02 |archive-date=2021-05-02 |archive-url=https://web.archive.org/web/20210502022005/https://www.denverbroncos.com/news/broncos-betmgm-agree-to-multi-year-sports-betting-partnership-which-includes-pre |url-status=live }}</ref> BetMGM would follow this deal with multiple betting partnerships with other NFL teams, including the Detroit Lions,<ref>{{cite web|title=Lions name BetMGM first official sports betting partner|url=https://www.detroitlions.com/news/lions-name-betmgm-first-official-sports-betting-partner|website=detroitlions.com|access-date=2021-05-02|archive-date=2021-06-25|archive-url=https://web.archive.org/web/20210625102016/https://www.detroitlions.com/news/lions-name-betmgm-first-official-sports-betting-partner|url-status=live}}</ref> Las Vegas Raiders,<ref>{{cite news|title=Raiders Make BetMGM their official betting partner|url=https://www.marketwatch.com/story/raiders-make-betmgm-their-official-betting-partner-2020-09-17|newspaper=Marketwatch|access-date=2021-05-02|archive-date=2021-05-02|archive-url=https://web.archive.org/web/20210502022005/https://www.marketwatch.com/story/raiders-make-betmgm-their-official-betting-partner-2020-09-17|url-status=live |last1=Nakrosis |first1=Stephen }}</ref> Tennessee Titans,<ref>{{cite web|title=Tennessee Titans Announce BetMGM As First Official Sports Betting Partner|url=https://www.tennesseetitans.com/news/titans-announce-betmgm-as-first-official-sports-betting-partner|website=tennesseetitans.com|access-date=2021-05-02|archive-date=2021-05-02|archive-url=https://web.archive.org/web/20210502022006/https://www.tennesseetitans.com/news/titans-announce-betmgm-as-first-official-sports-betting-partner|url-status=live}}</ref> and Pittsburgh Steelers.<ref>{{cite web|title=Pittsburgh Steelers announce gaming partnership with BetMGM|url=https://www.yahoo.com/now/pittsburgh-steelers-announce-gaming-partnership-with-bet-mgm-145805036.html|website=yahoo.com|date=24 November 2020 |access-date=2021-05-02|archive-date=2021-01-23|archive-url=https://web.archive.org/web/20210123031437/https://www.yahoo.com/now/pittsburgh-steelers-announce-gaming-partnership-with-bet-mgm-145805036.html|url-status=live}}</ref> 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,<ref>{{cite web|title=Detroit Red Wings renew and expand BetMGM strategic partnership|url=https://www.nhl.com/redwings/news/betmgm-strategic-partnership-renewed/c-319537628|website=nhl.com|date=28 October 2020 |access-date=2021-05-02|archive-date=2021-05-02|archive-url=https://web.archive.org/web/20210502022004/https://www.nhl.com/redwings/news/betmgm-strategic-partnership-renewed/c-319537628|url-status=live}}</ref> Washington Nationals of MLB,<ref>{{cite web|title=A sportsbook is coming to Nationals Park as part of Nationals' new partnership with BetMGM|url=https://www.washingtonpost.com/sports/2021/01/11/washington-nationals-mgm-sportsbook/|website=washingtonpost.com|access-date=2021-05-02|archive-date=2021-02-04|archive-url=https://web.archive.org/web/20210204202413/https://www.washingtonpost.com/sports/2021/01/11/washington-nationals-mgm-sportsbook/|url-status=live}}</ref> and Philadelphia 76ers of the NBA,<ref>{{cite web|title=Team Announces BetMGM as an Official Sports Betting Partner|url=https://www.nba.com/sixers/news/team-announces-betmgm-official-sports-betting-partner|website=nba.com|access-date=2021-05-02|archive-date=2021-05-02|archive-url=https://web.archive.org/web/20210502022004/https://www.nba.com/sixers/news/team-announces-betmgm-official-sports-betting-partner|url-status=live}}</ref> as well as with other business ventures like TopGolf<ref>{{cite web|title=Sports Betting Is Coming to a Driving Range Near You|url=https://www.sportico.com/business/sports-betting/2021/topgolf-betmgm-1234623050/|website=sportico.com|date=19 February 2021|access-date=2 May 2021|archive-date=2 May 2021|archive-url=https://web.archive.org/web/20210502022006/https://www.sportico.com/business/sports-betting/2021/topgolf-betmgm-1234623050/|url-status=live}}</ref> 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.<ref>{{Cite web|date=19 May 2021|title=Baltimore Ravens announce sports betting partnership with BetMGM|url=https://www.baltimoresun.com/business/bs-bz-baltimore-ravens-sports-betting-mgm-20210519-j3ewtlux3ffd3f3f65r77jf7ue-story.html|access-date=8 June 2021|website=Baltimore Sun|archive-date=8 June 2021|archive-url=https://web.archive.org/web/20210608101824/https://www.baltimoresun.com/business/bs-bz-baltimore-ravens-sports-betting-mgm-20210519-j3ewtlux3ffd3f3f65r77jf7ue-story.html|url-status=live}}</ref>
In November 2021, BetMGM, along with 8 other sports gambling operators, were awarded sports betting licenses by the New York State Gaming Commission. New York will be the largest sports gambling market in the United States when operators launch their applications in 2022.<ref>{{cite web|title=New York Online Sports Betting Licenses Awarded by Gaming Commission (Updated)|date=8 November 2021|url=https://elitesportsny.com/2021/11/08/new-york-online-sports-betting-licenses-awarded-by-gaming-commission|access-date=10 November 2021|archive-date=10 November 2021|archive-url=https://web.archive.org/web/20211110183050/https://elitesportsny.com/2021/11/08/new-york-online-sports-betting-licenses-awarded-by-gaming-commission|url-status=live}}</ref> Additionally, on the same day, BetMGM agreed to a multi-year marketing partnership with Madison Square Garden Sports and will become an official sports gambling sponsor for both the New York Knicks of the NBA and New York Rangers of the NHL.<ref>{{Cite web|url=https://finance.yahoo.com/news/msg-sports-msg-entertainment-announce-140000462.html|title=MSG Sports And MSG Entertainment Announce Multi-Year Marketing Partnership With BetMGM|website=finance.yahoo.com|access-date=2021-11-10|archive-date=2021-11-10|archive-url=https://web.archive.org/web/20211110183050/https://finance.yahoo.com/news/msg-sports-msg-entertainment-announce-140000462.html|url-status=live}}</ref>
In 2021, BetMGM became a sponsor for the NASCAR Cup Series team Richard Childress Racing, serving as the main sponsor for the No.8 car of Kyle Busch for select races.<ref>{{cite web|author1=Kscislowicz |title=Richard Childress Racing Names BetMGM Official Sports Betting Operator|website=rcrracing.com|date=3 February 2021 |url=https://www.rcrracing.com/news-media/news/2021/02/03/richard-childress-racing-names-betmgm-official-sports-betting-operator/|access-date=16 May 2025}}</ref> In 2024, BetMGM and RCR announced that they had renewed their agreement.<ref>{{cite web|author1=Sglasco |title=BetMGM Extends Partnership with Richard Childress Racing|date=29 January 2024|website=rcrracing.com|url=https://www.rcrracing.com/news-media/news/2024/01/30/betmgm-extends-partnership-with-richard-childress-racing/|access-date=16 May 2025}}</ref> Also in 2024, BetMGM became the title sponsor of the NASCAR Xfinity Series spring race at Charlotte Motor Speedway.<ref>{{cite web|title=BetMGM to sponsor NASCAR Xfinity Series race at Charlotte Motor Speedway|date=13 March 2024|website=rcrracing.com|url=https://www.jayski.com/2024/03/13/betmgm-to-sponsor-nascar-xfinity-series-race-at-charlotte-motor-speedway/|access-date=16 May 2025}}</ref>
In September 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.<ref>{{cite web |title=NJ Transit Partners With BetMGM on Naming Rights for Meadowlands Rail Line |url=https://www.njtransit.com/press-releases/nj-transit-partners-betmgm-naming-rights-meadowlands-rail-line |website=New Jersey Transit |access-date=15 September 2022 |archive-date=15 September 2022 |archive-url=https://web.archive.org/web/20220915000401/https://www.njtransit.com/press-releases/nj-transit-partners-betmgm-naming-rights-meadowlands-rail-line |url-status=live }}</ref> 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.
In January 2024, it was announced that BetMGM would become the new title sponsor of the PDC Premier League Darts for the 2024 season.<ref>{{cite web | url=https://www.pdc.tv/news/2024/01/04/betmgm-stars-new-title-sponsor-premier-league-darts | archive-url=https://web.archive.org/web/20240104134744/https://www.pdc.tv/news/2024/01/04/betmgm-stars-new-title-sponsor-premier-league-darts | url-status=dead | archive-date=January 4, 2024 | title=BetMGM Stars as New Title Sponsor of Premier League Darts | date=4 January 2024 }}</ref>
In January 2024, BetMGM became a partner for X (formerly Twitter), this partnership would bring gambling features to the platform.<ref>{{Cite web |title=Exclusive: X partners with MGM's sports betting division to integrate sports betting statistics into the platform |url=https://fortune.com/2024/01/26/elon-musk-x-twitter-partner-mgm-sports-betting/ |access-date=2024-01-27 |website=Fortune |language=en}}</ref>
In July 2024, BetMGM announced they were partnering with English Premier League football club Tottenham Hotspur to become the sponsor for their training kit starting with the 2024-25 season.<ref>{{cite web|title=Tottenham Hotspur announces partnership with BetMGM - Tottenham Hotspur|date=1 July 2025|website=tottenhamhotspur.com|url=https://www.tottenhamhotspur.com/news/2024/july/tottenham-hotspur-announces-partnership-with-betmgm/|access-date=16 May 2025}}</ref>
==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.<ref>{{Cite press release|url=https://www.businesswire.com/news/home/20220429005444/en/VICI-Properties-Inc.-Completes-17.2-Billion-Strategic-Acquisition-of-MGM-Growth-Properties-LLC|title=VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC|date=29 April 2022|access-date=16 May 2022|archive-date=16 May 2022|archive-url=https://web.archive.org/web/20220516035444/https://www.businesswire.com/news/home/20220429005444/en/VICI-Properties-Inc.-Completes-17.2-Billion-Strategic-Acquisition-of-MGM-Growth-Properties-LLC|url-status=live}}</ref>
===Las Vegas Strip=== * Bellagio (leased from The Blackstone Group)<ref>{{Cite web| last1=Thomas | first1=Brad |url = https://www.forbes.com/sites/bradthomas/2019/10/18/blackstone-makes-a-big-bet-with-bellagio-validation-drives-valuation/?sh=6211d5fa4fdc|title = Blackstone Makes a Big Bet with Bellagio: Validation Drives Valuation|website = Forbes|access-date = 2021-05-30|archive-date = 2021-06-02|archive-url = https://web.archive.org/web/20210602220834/https://www.forbes.com/sites/bradthomas/2019/10/18/blackstone-makes-a-big-bet-with-bellagio-validation-drives-valuation/?sh=6211d5fa4fdc|url-status = live}}</ref> * The Cosmopolitan of Las Vegas (leased from Blackstone, Cherng Family Trust, and Stonepeak Partners)<ref>{{Cite web|url=https://investors.mgmresorts.com/investors/news-releases/press-release-details/2021/MGM-Resorts-International-Announces-Transaction-to-Acquire-the-Operations-of-The-Cosmopolitan-of-Las-Vegas/default.aspx|title=MGM Resorts International Announces Transaction to Acquire the Operations of the Cosmopolitan of Las Vegas|access-date=2022-01-25|archive-date=2021-12-20|archive-url=https://web.archive.org/web/20211220011637/https://investors.mgmresorts.com/investors/news-releases/press-release-details/2021/MGM-Resorts-International-Announces-Transaction-to-Acquire-the-Operations-of-The-Cosmopolitan-of-Las-Vegas/default.aspx|url-status=live}}</ref> * Aria Campus (formerly CityCenter) (leased from Blackstone)<ref>{{Cite web|url=https://investors.mgmresorts.com/investors/news-releases/press-release-details/2021/MGM-Resorts-International-Closes-Purchase-Of-Infinity-Worlds-50-Interest-In-CityCenter-And-Completes-Sale-Leaseback-Transaction-Of-CityCenter-Real-Estate-Assets-With-Blackstone/default.aspx|title=MGM Resorts Interational Closes Purchase of Infinity World's 50% Interest in CityCenter and Comletes Sale-Leaseback Transaction of CityCenter Real Estate Assets With Blackstone|access-date=2021-11-17|archive-date=2021-11-17|archive-url=https://web.archive.org/web/20211117160538/https://investors.mgmresorts.com/investors/news-releases/press-release-details/2021/MGM-Resorts-International-Closes-Purchase-Of-Infinity-Worlds-50-Interest-In-CityCenter-And-Completes-Sale-Leaseback-Transaction-Of-CityCenter-Real-Estate-Assets-With-Blackstone/default.aspx|url-status=live}}</ref> ** 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)<ref>{{cite report|title=Form 10-K: Annual Report|publisher=MGM Resorts International|date=March 1, 2018|page=72|url=https://www.sec.gov/Archives/edgar/data/789570/000156459018003942/mgm-10k_20171231.htm|via=EDGAR|access-date=April 26, 2018|archive-date=July 16, 2022|archive-url=https://web.archive.org/web/20220716060222/https://www.sec.gov/Archives/edgar/data/789570/000156459018003942/mgm-10k_20171231.htm|url-status=live}}</ref> * 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 ** W Las Vegas ** Mandalay Bay Convention Center ** Michelob Ultra Arena
====Other properties in the U.S.==== * Beau Rivage – Biloxi, Mississippi * Borgata – Atlantic City, New Jersey * MGM Grand Detroit – Detroit, Michigan (98% ownership stake) * MGM National Harbor – National Harbor, Maryland * MGM Springfield – Springfield, Massachusetts * Yonkers Raceway & Empire City Casino – Yonkers, New York * Fallen Oak Golf Course – Saucier, Mississippi * Shadow Creek Golf Course – Las Vegas, Nevada
===China=== * Diaoyutai MGM Hospitality – China (joint venture with Diaoyutai State Guesthouse)<ref>{{cite web|title=About Us|publisher=Diaoyutai MGM Hospitality|url=https://www.dytmgm.com/en/aboutus.jspx|access-date=2018-04-26|archive-date=2018-04-27|archive-url=https://web.archive.org/web/20180427120756/https://www.dytmgm.com/en/aboutus.jspx|url-status=dead}}</ref> ** Bellagio Shanghai – Shanghai ** MGM Grand Sanya – Sanya ** MGM Qingdao – Qingdao ** Diaoyutai Hotel Qingdao – Qingdao ** Mhub by MGM Nanjing Jiangning – Nanjing ** MGM Shanghai West Bund – Shanghai ** MGM Shenzhen – Shenzhen ** MGM Reserve Zhuhai – Zhuhai * MGM China – Macau, China (56% ownership stake)<ref>{{cite report|title=Form 10-K: Annual Report|publisher=MGM Resorts International|date=March 1, 2018|url=https://www.sec.gov/Archives/edgar/data/789570/000156459018003942/mgm-10k_20171231.htm|page=4|via=EDGAR|access-date=April 26, 2018|archive-date=July 16, 2022|archive-url=https://web.archive.org/web/20220716060222/https://www.sec.gov/Archives/edgar/data/789570/000156459018003942/mgm-10k_20171231.htm|url-status=live}}</ref> ** MGM Cotai – Cotai ** MGM Macau – Sé
===Japan=== *Tokyo<ref>{{cite web |title=MGM Resorts in Japan |url=https://www.mgmresorts.com/en/destinations.html |website=MGM Resorts Destinations |publisher=MGM}}</ref> *MGM Osaka<ref>[https://www.casino.org/news/mgm-osaka-to-begin-construction-main-resort-april-2025/ MGM Osaka to Begin Construction on Main Resort Structure in April 2025]</ref>
===United Arab Emirates=== * MGM Dubai * Aria Dubai * Bellagio Dubai
===Former properties=== * Boardwalk Hotel and Casino – Las Vegas, Nevada * Circus Circus Las Vegas ** Adventuredome ** Slots-A-Fun Casino * Circus Circus – Reno, Nevada * Colorado Belle – Laughlin, Nevada *Desert Inn * Edgewater – Laughlin, Nevada * Gold Strike Tunica – Tunica Resorts, Mississippi * Gold Strike Hotel and Gambling Hall – Jean, Nevada *Golden Nugget Las Vegas *Golden Nugget Laughlin *Grand Victoria Casino Elgin – Elgin, Illinois (50% joint venture with Hyatt) *Mandarin Oriental, Las Vegas *MGM Grand Adventures Theme Park *MGM Grand Air *MGM Grand Darwin – Darwin, Northern Territory, Australia *MGM Grand at Foxwoods – Ledyard, Connecticut * MGM Grand Ho Tram Strip – Hồ Tràm, Xuyên Mộc, Vietnam * MGM Northfield Park – Northfield, Ohio * The Mirage – Las Vegas, Nevada * Nevada Landing Hotel and Casino – Jean, Nevada * Primm Valley Golf Club – Nipton, California * Primm Valley Resorts * Railroad Pass – Henderson, Nevada *Sands Hotel and Casino * Silver Legacy – Reno, Nevada (50% owner in partnership with Eldorado Resorts) *The Shops at Crystals * Treasure Island Hotel and Casino – Las Vegas, Nevada * Las Vegas Festival Grounds *Las Vegas Village
==MGM International Aviation== [[File:N730MM MGM Mirage Embraer Lineage 1000 (ERJ-190-100 ECJ) serial 19000632 (27357157631).jpg|thumb|An MGM Embraer Lineage 1000]] The MGM Resorts International Aviation fleet comprises five aircraft (as of March 2020):<ref>{{cite web|url=https://pilotcareercenter.com/Air-Carrier-PCC-Profile/3977/MGM-Grand-Aviation|title=MGM Mirage Aviation Fleet|date=14 March 2020|access-date=20 July 2020|archive-date=20 July 2020|archive-url=https://web.archive.org/web/20200720221409/https://pilotcareercenter.com/Air-Carrier-PCC-Profile/3977/MGM-Grand-Aviation|url-status=live}}</ref> {| class="wikitable" |+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''' |'''6''' | | |}
==Staff and management== The company's top executives include: Grant Leingang, president; 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.<ref>{{cite web|url=https://www.ft.com/content/c6c9881e-1fe6-11e9-b126-46fc3ad87c65 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/c6c9881e-1fe6-11e9-b126-46fc3ad87c65 |archive-date=2022-12-10 |url-access=subscription|title=MGM board to evaluate real estate portfolio|last=Rocco|first=Matthew|date=24 January 2019|website=FT.com|access-date=5 February 2019}}</ref><ref>{{cite web|url=https://www.rgj.com/story/news/2019/01/08/sandovals-next-gig-president-mgm-resorts-international-expansion/2514154002/|title=Sandoval announces his next gig: President of MGM Resorts' international expansion push|date=8 January 2019|last=Bean|first=Jason|website=Reno Gazette Journal|access-date=5 February 2019}}</ref><ref>{{cite web|url=https://www.reviewjournal.com/business/casinos-gaming/mgm-in-talks-with-sports-betting-company-about-joint-venture/|title=MGM in talks with sports betting company about joint venture|date=29 July 2019|last=Prince|first=Todd|website=Las Vegas Review-Journal|access-date=5 February 2019|archive-date=7 February 2019|archive-url=https://web.archive.org/web/20190207015831/https://www.reviewjournal.com/business/casinos-gaming/mgm-in-talks-with-sports-betting-company-about-joint-venture/|url-status=live}}</ref><ref>{{cite web|url=https://www.bizjournals.com/washington/news/2017/01/12/mgm-discloses-plans-for-dc-lobby-shop.html|title=MGM Resorts International discloses plans for D.C. lobby shop|date=12 January 2017|last=Sernovitz|first=Daniel|website=Washington Business Journal|access-date=5 February 2019|archive-date=10 February 2017|archive-url=https://web.archive.org/web/20170210041135/http://www.bizjournals.com/washington/news/2017/01/12/mgm-discloses-plans-for-dc-lobby-shop.html|url-status=live}}</ref> 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.<ref>{{cite press release|url=https://newsroom.mgmresorts.com/mgm-resorts-named-among-nations-top-companies-for-diversity-by-diversityinc.htm|title=MGM Resorts Named Among Nation's Top Companies for Diversity By DiversityInc|publisher=MGM Resorts International|date=28 April 2015|access-date=28 August 2020|archive-date=28 August 2020|archive-url=https://web.archive.org/web/20200828182205/https://newsroom.mgmresorts.com/mgm-resorts-named-among-nations-top-companies-for-diversity-by-diversityinc.htm|url-status=live}}</ref> The company has received wide recognition for its diversity and inclusion initiatives, such as: 40 Best Companies for Diversity (Black Enterprise Magazine),<ref name="blacenterpirse"/> Top 10 Companies for Latinos (DiversityInc Magazine),<ref name="latinsdiveristyinc"/> Best Places to Work for LGBT Equality (Human Rights Campaign Foundation),<ref name="hrcresources"/> Top 10 Regional Companies(DiversityInc)<ref name="diversityimain"/> and Top Corporation for Women's Business Enterprises (Women's Business Enterprise National Council).<ref name="WBENC">{{cite web|url=http://www.wbenc.org/americas-top-corporations-for-wbes-current-recipients/|title=America's Top Corporations for WBEs - Current Recipients|website=WBENC|access-date=2016-06-24|archive-date=2016-07-05|archive-url=https://web.archive.org/web/20160705013358/http://www.wbenc.org/americas-top-corporations-for-wbes-current-recipients|url-status=live}}</ref> ''Fortune'' magazine named MGM Resorts one of the World's Most Admired Companies in 2017.<ref name="fortunemagazine"/>
==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.<ref>{{cite news|work=The Guardian|date=July 2018|title=Las Vegas Shooting Hotel Sues Survivors to Avoid Liability|url=https://www.theguardian.com/us-news/2018/jul/18/las-vegas-shooting-hotel-sues-survivors-to-avoid-liability|access-date=2018-07-19|archive-date=2018-07-18|archive-url=https://web.archive.org/web/20180718151127/https://www.theguardian.com/us-news/2018/jul/18/las-vegas-shooting-hotel-sues-survivors-to-avoid-liability|url-status=live}}</ref> 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.<ref>{{cite news|work=NBC News|title=Mandalay Bay Owner Files Complaint Against Victims in Las Vegas Shooting|url=https://www.nbcnews.com/storyline/las-vegas-shooting/mandalay-bay-owner-files-complaint-against-victims-las-vegas-shooting-n892081|access-date=2018-07-19|archive-date=2018-07-18|archive-url=https://web.archive.org/web/20180718012252/https://www.nbcnews.com/storyline/las-vegas-shooting/mandalay-bay-owner-files-complaint-against-victims-las-vegas-shooting-n892081|url-status=live}}</ref> MGM said they are insured for $751 million towards the settlement of the lawsuit which MGM believes will be settled in May 2020.<ref>{{cite web|url=https://www.usnews.com/news/business/articles/2019-05-16/mgm-resorts-reports-800m-possible-vegas-settlement-figure|date=May 17, 2019|title=MGM Might Pay $800 Million in Las Vegas Shooting Settlement|work=US News|access-date=May 17, 2019|archive-date=May 17, 2019|archive-url=https://web.archive.org/web/20190517000054/https://www.usnews.com/news/business/articles/2019-05-16/mgm-resorts-reports-800m-possible-vegas-settlement-figure|url-status=live}}</ref> Robert Englet, an attorney to some of the survivors, describes the countersuit as an attempt to get a more favorable judge.<ref>{{cite news|work=New York Post|date=July 17, 2018|title=Mandalay Bay Owners Sue Victims of Las Vegas Shooting|url=https://nypost.com/2018/07/17/mandalay-bay-owners-sue-victims-of-las-vegas-mass-shooting/|access-date=July 19, 2018|archive-date=July 19, 2018|archive-url=https://web.archive.org/web/20180719143002/https://nypost.com/2018/07/17/mandalay-bay-owners-sue-victims-of-las-vegas-mass-shooting/|url-status=live}}</ref> Brian Claypool, another attorney of the survivors', called the lawsuits a "public relations nightmare".<ref>{{cite web|url=https://www.chicagotribune.com/business/ct-biz-mgm-resorts-sues-las-vegas-massacre-victims-20180717-story.html|title=MGM sues Las Vegas massacre victims in hopes of limiting liability|date=18 July 2018|last=Cano|first=Regina|website=Chicago Tribune|access-date=5 February 2019|archive-date=7 February 2019|archive-url=https://web.archive.org/web/20190207015445/https://www.chicagotribune.com/business/ct-biz-mgm-resorts-sues-las-vegas-massacre-victims-20180717-story.html|url-status=live}}</ref> 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.<ref>{{cite news|url=https://www.lohud.com/story/news/local/westchester/yonkers/2018/09/28/mgm-empire-city-yonkers/1380692002/|title=Suit against Las Vegas victims imperils MGM's bid to buy Empire City|author=Lungariello, Mark|work=Rockland/Westchester Journal News|date=September 28, 2018|access-date=October 27, 2018|archive-date=October 27, 2018|archive-url=https://web.archive.org/web/20181027161736/https://www.lohud.com/story/news/local/westchester/yonkers/2018/09/28/mgm-empire-city-yonkers/1380692002/|url-status=live}}</ref><ref>{{cite news|work=QNs|title=Queens assemblyman urges gaming commission to reject MGM purchase of Empire City Casino and Yonkers Raceway|url=https://qns.com/story/2018/10/01/queens-assemblyman-urges-nys-gaming-commission-reject-mgm-purchase-empire-city-casino-yonkers-raceway/|author=O'Connell-Domenech, Alejandra|date=October 1, 2018|access-date=October 27, 2018|archive-date=October 27, 2018|archive-url=https://web.archive.org/web/20181027143145/https://qns.com/story/2018/10/01/queens-assemblyman-urges-nys-gaming-commission-reject-mgm-purchase-empire-city-casino-yonkers-raceway/|url-status=live}}</ref> In October 2019, MGM agreed to pay victims and survivors up to $800 million.<ref>{{Cite news|last=Oppel|first=Richard A. Jr.|date=2019-10-03|title=MGM Agrees to Pay Las Vegas Shooting Victims Up to $800 Million|language=en-US|work=The New York Times|url=https://www.nytimes.com/2019/10/03/us/mgm-las-vegas-shooting-settlement.html|access-date=2020-05-11|issn=0362-4331|archive-date=2020-06-13|archive-url=https://web.archive.org/web/20200613004016/https://www.nytimes.com/2019/10/03/us/mgm-las-vegas-shooting-settlement.html|url-status=live}}</ref>
==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,<ref name="blacenterpirse">{{cite web|url=http://cdn.blackenterprise.com/wp-content/blogs.dir/1/files/2012/07/2012-Best-Companies-For-Diversity.pdf|title=Black Enterprise Magazine|website=Cdn.blackenterprise.com|access-date=10 September 2017|archive-date=17 March 2017|archive-url=https://web.archive.org/web/20170317215505/http://cdn.blackenterprise.com/wp-content/blogs.dir/1/files/2012/07/2012-Best-Companies-For-Diversity.pdf|url-status=live}}</ref> Best Places to Work for LGBT Equality (Human Rights Campaign Foundation) in 2013,<ref name="hrcresources">{{cite web|url=http://www.hrc.org/resources/entry/best-places-to-work-2013 |title=Best Places to Work 2013|access-date=2014-01-23 |url-status = dead|archive-url=https://web.archive.org/web/20140106013115/http://www.hrc.org/resources/entry/best-places-to-work-2013 |archive-date=2014-01-06 }} "Human Rights Campaign". Retrieved 23 January 2014.</ref> Top 10 Regional Companies (''DiversityInc'') in 2014,<ref name="diversityimain">{{cite web|url=http://www.diversityinc.com/top-10-regional-companies/|title=The DiversityInc Top 11 Regional Companies|access-date=2018-12-08|archive-url=https://web.archive.org/web/20161029083839/http://www.diversityinc.com/top-10-regional-companies/|archive-date=2016-10-29|url-status = dead}}</ref> Top 10 Companies for Latinos (''DiversityInc Magazine''),<ref name="latinsdiveristyinc">{{cite web|url=http://www.diversityinc.com/top10companieslatinos/|title=The DiversityInc Top 50 Companies for Diversity|access-date=2018-12-08|archive-url=https://web.archive.org/web/20140201150525/http://www.diversityinc.com/top10companieslatinos/|archive-date=2014-02-01|url-status = dead}}</ref> and top 100 Companies for MBA Students (Universum Global) in 2014.<ref name="cnnmoney">{{cite web|url=https://money.cnn.com/news/economy/mba100/2013/full_list/|title=Top MBA Employers 2013: Full list|website=Money.cnn.com|access-date=10 September 2017|archive-date=4 September 2017|archive-url=https://web.archive.org/web/20170904200452/http://money.cnn.com/news/economy/mba100/2013/full_list/|url-status=dead}}</ref> ''Fortune'' has named MGM Resorts one of the World's Most Admired Companies.<ref name="fortunemagazine">{{cite web|url=http://fortune.com/worlds-most-admired-companies/mgm-resorts-international-100000/|title=MGM Resorts International|website=Fortune.com|date=19 February 2016 |access-date=10 September 2017|archive-date=2 February 2017|archive-url=https://web.archive.org/web/20170202022346/http://fortune.com/worlds-most-admired-companies/mgm-resorts-international-100000/|url-status=live}}</ref>
==See also== *List of integrated resorts *List of casino hotels
==References== {{Reflist}}
==External links== {{Commons category}} * {{Official website|https://www.mgmresorts.com/}} {{Finance links | name = MGM Resorts International | symbol = MGM | reuters = MGM.N | bloomberg = MGM:US | sec_cik = MGM | yahoo = MGM | google = MGM | nasdaq = MGM }}
{{MGM Mirage}} {{hotel chains}} {{S&P 500 companies}} {{Authority control}}
Category:MGM Resorts International Category:1986 establishments in Nevada Category:Companies based in Paradise, Nevada Category:Companies listed on the New York Stock Exchange Category:Gambling companies established in 2000 Category:Gambling companies of the United States Category:Hospitality companies established in 2000 Category:Hospitality companies of the United States Category:Las Vegas Aces owners