MGM Resorts Statement on Passage of Japan's Integrated Resort Implementation Act

Company is well-positioned in Japan, having spent years engaging with cultural and business communities

News provided by

Jul 20, 2018, 09:47 ET

LAS VEGAS, July 20, 2018 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) said the passage today of Japan's Integrated Resort Implementation Act opens the possibility to drive significant growth in sustainable travel and tourism — particularly from international segments.

Jim Murren, Chairman & CEO of MGM Resorts, commented that, "The process has been very deliberate and transparent. We appreciate the high level of social responsibility reflected throughout the process by creating one of the most comprehensive bills of its kind anywhere in the world. MGM is proud to have provided academic research and economic analysis as well as facilitating numerous study sessions with experts from around the world. Today's passage 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."

MGM Resorts has a full-time development team in Japan and for the past four years has been engaged in discussions in Japan's cultural and business communities. The company believes it is well-positioned in Japan and has been preparing for this possibility by becoming immersed in Japanese culture to better its understanding of Japan's unique history and heritage. MGM Resorts has also embarked on enhancing its cultural commitment to Japan in the United States through the 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.

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 28 unique hotel offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company in 2018 opened MGM COTAI in Macau and the first Bellagio-branded hotel in Shanghai. It also is developing MGM Springfield in Massachusetts. The 78,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.

ABOUT MGM RESORTS JAPAN LLC

MGM Resorts Japan was established in December 2014 as a Japan subsidiary of MGM Resorts International (MGM) with an aim to enter Japan's integrated resorts market. MGM Resorts Japan will be opening its new permanent Osaka office in September 2018. For more information visit us at www.mgmresorts.co.jp.

SOURCE MGM Resorts International