LAS VEGAS, Dec. 14, 2016 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) (the "Company") today issued the
following statement in light of recent developments in Japan:
MGM Resorts offers sincere congratulations to the Diet
on its tireless and successful effort in passing the IR
Promotion bill, which opens the possibility of large-scale,
integrated resort development in Japan. After years of study in the
region, we believe the opportunity exists to drive significant
growth in sustainable travel and tourism — particularly from
international segments — along with the creation of
thousands of jobs and long-term economic benefit.
With an established, full-time development team in
Tokyo pursuing discussions in
Japan's cultural and business
communities, MGM Resorts is well-prepared to pursue
future expansion efforts. We have been preparing for this
possibility by enhancing our cultural commitment to Japan in the United
States via our sponsorship of two world premiere Kabuki
events with the famous Shochiku entertainment company and
by showcasing established and emerging Japanese artists in the
Company's art collections across the country.
Today's announcement allows us to advance our relationships with
key stakeholders and together create a coalition of Japanese
business partners who will
collectively define a vision for a uniquely
Japanese, world-class integrated resort.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts
International (NYSE: MGM) is one of the world's leading global
hospitality companies, operating a portfolio of destination resort
brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
The Company opened MGM National Harbor in Maryland on
December 8, 2016, and is in the
process of developing MGM Springfield in Massachusetts. MGM
Resorts controls and holds a 76 percent economic interest in the
operating partnership of MGM Growth Properties LLC (NYSE: MGP), a
premier triple-net lease real estate investment trust engaged in
the acquisition, ownership and leasing of large-scale destination
entertainment and leisure resorts. The Company also owns 56 percent
of MGM China Holdings Limited (SEHK: 2282), which owns
MGM MACAU and is developing MGM COTAI, and 50 percent of
CityCenter in Las Vegas, which features ARIA Resort &
Casino. MGM Resorts is named among FORTUNE® Magazine's 2016 list of
World's Most Admired Companies®. For more information about MGM
Resorts International, visit the Company's website
at www.mgmresorts.com.
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SOURCE MGM Resorts International