MEDIA RELEASE PR42050
MGM Resorts International and MGM Studios Are Not Affiliated Companies
LAS VEGAS, Nov. 4, 2010 /PRNewswire-AsiaNet/ --
MGM Resorts International (NYSE: MGM) wants to clarify for investors,
customers and vendors, particularly those overseas, that it is not affiliated
with MGM Studios.
MGM Studios is a completely separate entity with no common ownership. MGM
Studios, a privately held, independent company, filed for bankruptcy on Nov.
3, 2010. The filing has no impact whatsoever on MGM Resorts International.
MGM Resorts International (NYSE: MGM) is one of the world's leading
global hospitality companies, operating a peerless portfolio of destination
resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
The Company has significant holdings in gaming, hospitality and
entertainment, owns and operates 15 properties located in Nevada, Mississippi
and Michigan, and has 50% investments in four other properties in Nevada,
Illinois and Macau. One of those investments is CityCenter, an unprecedented
urban resort destination on the Las Vegas Strip featuring its centerpiece
ARIA Resort & Casino. Through its hospitality management subsidiary, the
Company holds a growing number of development and management agreements for
casino and non-casino resort projects around the world. MGM Resorts
International supports responsible gaming and has implemented the American
Gaming Association's Code of Conduct for Responsible Gaming at its gaming
properties. The Company has been honored with numerous awards and
recognitions for its industry-leading Diversity Initiative, its community
philanthropy programs and the Company's commitment to sustainable development
and operations. For more information about MGM Resorts International, visit
Statements in this release which are not historical facts are "forward
looking" statements and "safe harbor statements" within the meaning of
Section 21E of the U.S. the Securities Exchange Act of 1934, as amended, and
other related laws that involve risks and/or uncertainties, including risks
and/or uncertainties as described in the company's public filings with the
Securities and Exchange Commission. We have based those 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 statements regarding future operating results and liquidity to pay future
indebtedness. 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 we operate and competition with other destination travel locations
throughout the United States and the world. 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.
SOURCE MGM Resorts International
CONTACT: Investment Community,
DANIEL J. D'ARRIGO,
Executive Vice President, Chief Financial Officer,
+1-702-693-8895, or
News Media,
ALAN M. FELDMAN,
Senior Vice President, Public Affairs,
+1-702-650-6947
both of MGM Resorts International,
or Yvette Monet, MGM Resorts Public Affairs
NEWS 
