MGM RESORTS INTERNATIONAL ANNOUNCES NEW LONG TERM BRANDING AGREEMENT WITH MGM CHINA

MGM China extends the right to use "MGM" name through the 2032 Concession term with an automatic extension if a further Concession is granted or awarded

LAS VEGAS, Dec. 23, 2025 /PRNewswire/ -- MGM Resorts International (NYSE:MGM) ("MGM Resorts" or the "Company") has entered into a new Long Term Branding Agreement with MGM China Holdings Limited ("MGM China"), effective January 1, 2026 ("Branding Agreement").

The Branding Agreement provides for a term through the end of the current concession in 2032. If a further concession is granted or awarded, the term shall be automatically extended until the earlier of the expiration of a new concession or December 31, 2045. This secures an important right for MGM China as the MGM brand has served it well, which is reflected in the significant gains in market share and increased profitability since the end of the pandemic. Market share has nearly doubled from a pre-pandemic level of approximately 9% to a year-to-date September 30, 2025 share of approximately 16%. Further, the new agreement eliminates the need for the parties to negotiate a new agreement every three years, which protects MGM China's shareholders by securing its most important intangible asset after the concession itself and provides MGM Resorts with fair compensation for the use of its industry leading brand.

The new monthly license fee has increased from 1.75% to 3.5% of MGM China's adjusted consolidated net monthly revenues (determined in accordance with IFRS). The fees will be subject to an annual cap determined by certain variables, as required by the Hong Kong Stock Exchange, the most significant being business volumes of MGM China. As part of this agreement, MGM Resorts will receive approximately 66.6% of the license fee.

About MGM Resorts International 

MGM Resorts International (NYSE:MGM) is an S&P 500® global gaming and entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe and Brazil. The Company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. Through its Focused on What Matters philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.

Forward Looking Statements

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, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company 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, the Company's expectations regarding the benefits of the new Branding Agreement. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the transaction or other events described herein will happen as described (or that they will happen at all). 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 risks related to the Company's ability to complete the transaction on the terms described herein or all, the satisfaction of the closing conditions to which the completion of the transaction is subject, including, but not limited to, the receipt of regulatory approvals, which could delay or prevent the completion of the transaction, the effects of economic conditions and market conditions in the markets in which the Company 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 the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). 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. If the Company 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.

MGM RESORTS CONTACTS

Investment Community:

SARAH ROGERS, Senior Vice President of Corporate Finance and Treasurer

srogers@mgmresorts.com

HOWARD WANG, Vice President of Investor Relations

[email protected]

News Media:

BRIAN AHERN, Executive Director of Communications

[email protected]

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SOURCE MGM Resorts International