LAS VEGAS, Nov. 4, 2010 /PRNewswire/ -- 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 the
Company's Web site at www.mgmresorts.com.
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