MGM Resorts International Closes Sale of Gold Strike Hotel and Gambling Hall in Jean, Nevada to JETT Gaming LLC and Jean Ventures, LLC

April 30, 2015

LAS VEGAS, April 30, 2015 --MGM Resorts International (NYSE: MGM) today closed on the sale of Gold Strike Hotel & Gambling Hall and related assets in Jean, Nev. to JETT Gaming LLC, and Jean Ventures, LLC.  Terms of the sale were not disclosed. 


MGM Resorts previously announced in October that a definitive agreement had been reached with JETT Gaming LLC and Jean Ventures, LLC for the purchase and sale of Gold Strike Hotel & Gambling Hall and its related assets in Jean, Nev.  JETT Gaming was approved on April 23 by the Nevada Gaming Commission to operate the property. 


“We greatly appreciate the dedication of our Jean team members and sincerely wish them and the new owners much success going forward,” said Dan D’Arrigo, Executive Vice President, Chief Financial Officer and Treasurer of MGM Resorts.


 MGM Resorts purchased the property in 2005 as part of its acquisition of Mandalay Resort Group.



Gold Strike Hotel & Gambling Hall, purchased by MGM Resorts International from Mandalay Resort Group in 2005, is a hotel and casino located in Jean, Nev., approximately 13 miles from the California state line.  Opened in 1987, the hotel has 300 hotel rooms, The Gold Strike Steak House, Bonanza Buffet and a snack bar.  The property hosts 430 slot machines and seven table games. The Gold Strike Auto & Truck Plaza, a truck stop and service station, and the Nevada Landing Shell are located adjacent to the property.



 MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.  The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts. The Company also owns 51 percent of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is in the process of developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA resort and casino. For more information about the Company please visit


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 MGM Resorts’ public filings with the Securities and Exchange Commission. MGM Resorts 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, statements regarding the closing of the sale of Gold Strike Jean. 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 MGM Resorts 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 MGM Resorts’ Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts 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 MGM Resorts 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.



For further information: INVESTOR RELATIONS: Sarah Rogers, MGM Resorts Investor Relations, 702-693-8654. MEDIA RELATIONS: Yvette Monet, MGM Resorts Corporate Communications, or 702-491-6426