MGM Resorts International 8-K, filed Nov 28, 2022
MGM Resorts International (MGM)
About this 8-K
MGM Resorts International filed this 8-K on November 28, 2022, reporting on events of November 25, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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| Item 8.01 | Other Events. |
On November 27, 2022 (Hong Kong time), MGM China Holdings Limited (“MGM China”), an indirect subsidiary of MGM Resorts International (the “Company”) with its ordinary shares of common stock listed on The Stock Exchange of Hong Kong Limited (the “HKSE”), filed with the HKSE an announcement (the “Announcement”) that on November 26, 2022 (Hong Kong time), MGM Grand Paradise Limited, a non-wholly owned subsidiary of MGM China, received notification from the Macau Government that it has been granted a provisional award of a new 10-year gaming concession contract to operate games of chance or other games in casinos in Macau commencing on January 1, 2023. A copy of the Announcement is filed herewith as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| (a) | Not applicable. |
| (b) | Not applicable. |
| (c) | Not applicable. |
| (d) | Exhibits: |
| Exhibit |
Description | |
| 99.1 | Announcement of MGM China Holdings limited, dated November 27, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 28, 2022 | ||||||
| MGM Resorts International | ||||||
| By: | /s/ Jessica Cunningham | |||||
| Name: | Jessica Cunningham | |||||
| Title: | Senior Vice President, Legal Counsel and Assistant Secretary | |||||
Exhibit 99.1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
MGM CHINA HOLDINGS LIMITED
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 2282 and Debt Stock Codes: 6026, 6028, 40258, 40634)
VOLUNTARY ANNOUNCEMENT
PROVISIONAL AWARD OF THE NEW GAMING CONCESSION
This announcement is made by MGM China Holdings Limited (the “Company”) on a voluntary basis.
Reference is made to the announcement of the Company dated August 21, 2022, in respect of the intention of MGM Grand Paradise Limited (“MGM Grand Paradise”), a non-wholly owned subsidiary of the Company, submitting a tender (the “Tender”) to the government (“Macau Government”) of Macau Special Administrative Region of the People’s Republic of China (“Macau”) for the awarding of a 10-year gaming concession contract to operate games of chance or other games in casinos in Macau commencing on January 1, 2023 (the “New Gaming Concession”).
Reference is also made to the announcement of the Company dated September 14, 2022, in respect of the submission of the Tender.
The board of directors (the “Board”) of the Company is pleased to announce that, on November 26, 2022, MGM Grand Paradise received notification from the Macau Government that it has been granted a provisional award of the New Gaming Concession. The final award of the New Gaming Concession and the terms of the New Gaming Concession contract remain subject to final discussions with the Macau Government.
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Further announcement will be made by the Company as and when appropriate in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
| By order of the Board MGM China Holdings Limited Antonio MENANO Company Secretary |
Hong Kong, November 27, 2022
As at the date of this announcement, our directors are William Joseph HORNBUCKLE, Pansy Catilina Chiu King HO, Chen Yau WONG and John M. MCMANUS as executive directors; Kenneth Xiaofeng FENG, Daniel J. TAYLOR, Ayesha Khanna MOLINO and Jonathan S. HALKYARD as non-executive directors; and Sze Wan Patricia LAM, Russell Francis BANHAM, Simon MENG and Chee Ming LIU as independent non-executive directors.
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