LAS VEGAS, Sept. 16, 2019 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) ("MGM Resorts" or the "Company") was
informed that Tracinda Corp., the holding company of MGM Resorts'
late founder Kirk Kerkorian,
fulfilled instructions from Kerkorian's will to "execute an orderly
disposition" of MGM stock. Kerkorian passed away in June 2015.
"This is the end of an era and illustrates what made Mr.
Kerkorian one of the most visionary, selfless and compassionate
leaders of his time," said MGM Resorts Chairman & CEO
Jim Murren. "The values instilled by
Mr. Kerkorian when he founded MGM are what we still live by today –
a focus on visionary ideas and creating value for shareholders; a
dedication to bettering the communities in which we operate; an
emphasis on diversity, inclusion and being a responsible corporate
citizen. In an industry with a history of flash and big egos, Mr.
Kerkorian's example of leading with vision, humility and compassion
is truly inspiring and serves as a driving force behind everything
we do. His legacy will continue to live on at MGM Resorts."
Kerkorian was a quiet but powerful force behind the
transformation of the Las Vegas Strip into one of the world's most
popular tourist destinations, through the development of
numerous resorts including the International Hotel and the MGM
Grand, and the inspiration behind propelling Las Vegas into the world's leader in live
entertainment and sports.
"I believe that Mr. Kerkorian would have been proud of MGM's
achievements and of what the company has become. I strive every day
to honor his legacy, live his values, and ensure that this company
remains at the core, the kind of company he was proud to have
founded," Murren said.
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.
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
bility to create value for its shareholders. 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