LAS VEGAS, Aug. 22, 2019 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) ("MGM Resorts" or the
"Company") today released the following statement from Jim Murren, Chairman and CEO of MGM Resorts
International:
"MGM Resorts remains deeply committed to pursuing an integrated
resort in Osaka, Japan. We
announced our 'Osaka First' strategy and have not wavered from that
plan. We have always had confidence in our position, as what
we will bring to Osaka is
something only MGM Resorts can deliver.
"We will bring world class entertainment, exciting cultural
events, convention expertise, and premium dining and retail
experiences that will have broad appeal both nationally and
internationally. We have extensive experience in
developing and operating large scale integrated resorts across
multiple regions. MGM Resorts will develop a truly unique
destination that will generate significant economic activity for
the region and increase employment opportunities while delivering
an attractive return for all stakeholders.
"We are also excited about our partnership with Orix, a highly
respected Japanese company with a strong presence in Osaka, as we jointly pursue this
venture. Together, we are working to submit our response to
the 'request for concept,' and look forward to the next steps in
the process."
About MGM Resorts International
MGM Resorts
International (NYSE: MGM) is an S&P 500® global entertainment
company with national and international locations featuring
best-in-class hotels and casinos, state-of-the-art meetings and
conference spaces, incredible live and theatrical entertainment
experiences, and an extensive array of restaurant, nightlife and
retail offerings. MGM Resorts creates immersive, iconic experiences
through its suite of Las
Vegas-inspired brands. The MGM Resorts portfolio encompasses
30 unique hotel and destination gaming offerings including some of
the most recognizable resort brands in the industry. Expanding
throughout the U.S. and around the world, the company recently
acquired the operations of Empire City Casino in New York and Hard Rock Rocksino in
Ohio, which was rebranded as MGM
Northfield Park. In 2018, MGM Resorts opened MGM Springfield in
Massachusetts, MGM COTAI in
Macau, and the first
Bellagio-branded hotel in Shanghai. The 82,000 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.
Forward-Looking Statements
Statements in this release
that are not historical facts are forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995 and involve risks and/or uncertainties, including those
described in the Company's public filings with the Securities and
Exchange Commission. 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's expectations regarding our
ability to generate significant economic activity for the region,
increase employment opportunities and deliver an attractive return
for all stakeholders. 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.
MGM RESORTS
CONTACTS:
|
|
Investment
Community
|
News
Media
|
CATHERINE
PARK
|
BRIAN
AHERN
|
Executive Director of
Investor Relations
|
Director of Media
Relations
|
(702) 693-8711 or
cpark@mgmresorts.com
|
media@mgmresorts.com
|
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SOURCE MGM Resorts International