LAS VEGAS, July 20, 2017 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) (the "Company") today announced that it
will be added to the S&P 500 index effective prior to the open
of trading on Wednesday, July 26,
2017.
"We are honored to join the esteemed companies that comprise the
S&P 500 index," said Jim Murren,
Chairman & CEO of MGM Resorts. "As with all of our Company's
accomplishments, this significant milestone represents the efforts
of the 77,000 men and women dedicated to delivering the finest
entertainment experiences at MGM Resorts and our continued
commitment to maximize shareholder value."
The S&P 500 index is widely regarded as the best single
gauge of large-cap U.S. equities. MGM Resorts will be added to the
GICS Casinos & Gaming Sub-Industry index.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts
International (NYSE: MGM) is a global entertainment company with
national and international locations featuring best-in-class hotels
and casinos, state-of-the-art meetings and conference spaces,
incredible live and theatrical entertainment experiences, and an
extensive array of restaurant, nightlife and retail offerings. MGM
Resorts creates immersive, iconic experiences through its suite of
Las Vegas-inspired brands. The MGM
Resorts portfolio encompasses 27 unique hotel offerings including
some of the most recognizable resort brands in the industry. The
company is expanding throughout the U.S. and around the world,
developing MGM Springfield in Massachusetts and MGM COTAI in Macau, and debuting the first international
Bellagio branded hotel in Shanghai. The 77,000 global employees of MGM
Resorts are proud of their company for being recognized as one of
FORTUNE® Magazine's World's Most Admired Companies®. For more
information visit us at www.mgmresorts.com.
Statements in this release that are not historical facts are
"forward-looking" statements and "safe harbor statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and/or uncertainties, including those described
in the Company's public filings with the SEC. The Company has based
forward-looking statements on management's current expectations and
assumptions and not on historical facts. Examples of these
statements include, but are not limited to, the Company being added
to the S&P 500 index. These forward-looking statements involve
a number of risks and uncertainties. Among the important factors
that could cause actual results to differ materially from those
indicated in such forward-looking statements include effects of
economic conditions and market conditions in the markets in which
the Company operates and competition with other destination travel
locations throughout the United States and the world, the
design, timing and costs of expansion projects, risks relating to
international operations, permits, licenses, financings, approvals
and other contingencies in connection with growth in new or
existing jurisdictions and additional risks and uncertainties
described in the Company's Form 10-K, Form 10-Q and Form 8-K
reports (including all amendments to those reports). In providing
forward-looking statements, the Company is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law. If the Company updates one or more forward-looking statements,
no inference should be drawn that it will make additional updates
with respect to those other forward-looking statements.
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SOURCE MGM Resorts International