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MGM Resorts Returning To Full Gaming Floor Occupancy At Las Vegas Properties

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MGM Resorts International (NYSE: MGM) has received approval from the Nevada Gaming Control Board to operate at 100% occupancy without social distancing on gaming floors in its Las Vegas Strip properties, including Bellagio and MGM Grand. This decision reflects progress in the recovery from COVID-19, supported by vaccination efforts. While gaming areas will fully reopen, 80% occupancy and social distancing will remain in non-gaming areas. MGM's vaccination initiatives include on-site clinics and incentive campaigns to encourage employee vaccinations.

Positive
  • Approval for 100% occupancy on gaming floors enhances revenue potential.
  • Comprehensive vaccination efforts may lead to safer guest experiences and increased visitor confidence.
Negative
  • Continued restrictions in non-gaming areas could limit overall guest capacity and experiences.

LAS VEGAS, May 12, 2021 /PRNewswire/ -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) announced today that the Nevada Gaming Control Board has approved a return to 100 percent occupancy and no social distancing on the gaming floors located inside the company's Las Vegas Strip properties. Those properties include:

  • Bellagio Resort & Casino
  • ARIA Resort & Casino
  • MGM Grand Hotel & Casino
  • Mandalay Bay Resort and Casino
  • Park MGM
  • The Mirage Hotel & Casino
  • New York-New York Hotel & Casino
  • Luxor Hotel and Casino 
  • Excalibur Hotel & Casino

"This is yet another major milestone in Las Vegas' incredible recovery and a testament to the importance of vaccination in the effort to fully reopen our community," said MGM Resorts CEO & President Bill Hornbuckle. "We will continue working to vaccinate as many people as possible and remain vigilant with health and safety protocols designed to protect our employees, guests and community. This vital work must continue for us to defeat this virus, and MGM Resorts is committed to doing our part to get it done."

The waiver was granted based on MGM Resorts' work to vaccinate its workforce and applies only to gaming floors. Current 80 percent occupancy restrictions and three-feet social distancing policies remain in effect outside of the gaming floors, including at restaurants, pools and other non-gaming areas and activities. Additional health and safety protocols will continue, including applicable mask mandates, based on regulatory requirements and expert guidance.

MGM Resorts has made vaccinating its workforce, partners and the surrounding community one of its top priorities and has taken comprehensive steps to prevent the spread of COVID-19. The company's ongoing vaccination efforts include:

ON-SITE VACCINATIONS: MGM Resorts piloted the Las Vegas Strip's first on-site vaccine clinic for employees, using Community Ambulance as its provider at no cost to employees. Located inside the Mandalay Bay Convention Center, MGM Resorts' clinic has vaccinated thousands of employees, their families, third-party partners and entertainers. MGM Resorts has also partnered with Community Ambulance to do pop-up vaccine clinics at every one of its Las Vegas properties to remove even more barriers for employees to receive the vaccine.

VACCINE INCENTIVE CAMPAIGN: To further increase vaccination rates among its employees, MGM Resorts launched the internal "Show Your Vaxx" incentive campaign. By uploading their CDC vaccination cards into MGM Resorts' internal portal, employees are entered into drawings for a chance to win a variety of prizes, including show tickets, restaurant vouchers, spa vouchers, hotel stays/experiences and cash. The program is designed to reward employees who have been vaccinated with both monetary prizes and the chance to enjoy the very best that MGM Resorts has to offer, free of charge.

VACCINE EDUCATION CAMPAIGN: As employees became eligible for vaccination, MGM Resorts launched an internal education campaign, "Get the Facts About the Vaxx" – a robust employee-focused campaign designed to emphasize the importance of vaccination to the community's health and economic recovery. The campaign featured video content and testimonials from community and company leaders promoting the benefits of vaccination and its role as an essential tool for defeating COVID-19.

About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global 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 U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" 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 Twitter as well as Facebook and Instagram.

MGM RESORTS CONTACTS:


Investment Community                                        

News Media

JIM FREEMAN                                                         

BRIAN AHERN

Senior Vice President, Capital Markets and Strategy   

Director of Media Relations  

jfreeman@mgmresorts.com                                          

media@mgmresorts.com

 

Cision View original content:http://www.prnewswire.com/news-releases/mgm-resorts-returning-to-full-gaming-floor-occupancy-at-las-vegas-properties-301289746.html

SOURCE MGM Resorts International

FAQ

What does MGM Resorts' 100% occupancy approval mean for investors?

The approval allows MGM Resorts to increase potential revenues from its Las Vegas Strip properties, enhancing profitability.

When did MGM Resorts announce the approval for full occupancy?

The announcement was made on May 12, 2021.

Which properties are included in MGM Resorts' full occupancy approval?

The approval applies to MGM’s properties like Bellagio, ARIA, MGM Grand, and more.

What are the ongoing COVID-19 measures at MGM Resorts?

While gaming floors will have full occupancy, non-gaming areas will maintain 80% occupancy and social distancing.

How is MGM Resorts promoting vaccinations among its employees?

MGM Resorts has launched on-site vaccination clinics and incentive campaigns to encourage employee vaccinations.

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