MGM Resorts Statement On The Future Of The Village Property

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Sep 03, 2019, 16:00 ET

LAS VEGAS, Sept. 3, 2019 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") today released the following statement:

"We know that for many, the Village property will forever be linked to the tragic loss of life that took place there on October 1^st. We will never forget the victims, and all of those impacted by that evening. As the second anniversary nears, we remain committed to being part of the community effort to continue healing and moving forward. In this spirit, MGM Resorts plans to build a community and athletic center on the north end of the property, which will be home to sporting events and community gatherings. We hope one day it will host high school basketball tournaments, indoor soccer for kids and provide a place for the Aces to practice and engage with the community to inspire the next generation of female athletes. It was important to us that the long-term use of the property include the community in some way. We also plan to create a space on the property to remember the victims of the tragedy.

In the near term, while these plans are underway, the property will revert back from festival grounds to a parking area and will serve as parking during games and concerts taking place at Allegiant Stadium. Over the coming weeks and months, there will be construction activity near the property to ensure the safety of pedestrians crossing the street toward the stadium. We will share plans for the community and athletic center as they advance. We will also support the future community effort around a permanent, public memorial when that process begins."

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 the future use of the Village property. 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.

Media Contact

Brian Ahern
(702) 692-6800
[email protected]

SOURCE MGM Resorts International