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MGM Mirage proposes name change
MGM Mirage is to seek approval from its shareholders to a rebrand as MGM Resorts International.
The new name is said to more accurately reflect the company's collection of signature resorts and its worldwide coverage, while still preserving a connection to its beginnings in the entertainment industry. Subject to approval being received at the 15 June annual meeting, the new title will be assumed immediately. The origin of the corporate name dates back to ownership of the Metro Goldwyn Meyer movie studio first purchased by MGM MIRAGE's largest shareholder, Kirk Kerkorian in 1969.
The company developed the original MGM Grand Hotel in Las Vegas in 1973 and in 1993 developed the current MGM Grand Hotel. It now encompasses 15 wholly owned properties, four joint-venture developments, and the MGM MIRAGE Hospitality subsidiary, which holds more than a dozen global management and license agreements under various resort brands within the MGM Mirage portfolio.
Pic: The MGM Grand Macau, a joint venture between MGM Mirage and Pansy Ho Chiu-king
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