| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | divestiture_reduction | completed | 2025-10-15 | 2026-04-21 | United States (Northfield, Ohio) | Regional Operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of MGM Northfield Park operations completed April 2026; filing discloses no employee counts or workforce impact. | |||
| 2026-03-31 | divestiture_reduction | completed | 2026-04-30 | United States (Northfield, Ohio) | Regional Operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of MGM Northfield Park operations completed April 2026 for $546M cash; no employee count disclosed. VICI master lease amended to reduce annual cash rent by $53M. | ||||
| 2025-12-31 | divestiture_reduction | in_progress | 2025-10 | 2026-06-30 | United States — Northfield, Ohio | Regional Operations | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell MGM Northfield Park operations for $546 million cash; expected to close in first half of 2026. No headcount or severance figures disclosed; assets classified as held for sale at 2025-12-31. | |||
| 2023-12-31 | divestiture_reduction | completed | 2023-02-15 | 2023-02-15 | United States (Tunica, Mississippi) | Regional Operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Gold Strike Tunica operations completed Feb 15, 2023; headcount impact not quantified. | |||
| 2023-12-31 | acquisition_addition | completed | 2023-08-31 | 2023-08-31 | International (Malta/UK) | Corporate and other (LeoVegas) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | LeoVegas acquired 86% of Push Gaming for $145 million; headcount added not quantified. | |||
| 2023-12-31 | other | completed | 2023-09-01 | 2023-09-30 | United States | Domestic properties (operations) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sept 2023 cybersecurity incident caused temporary system shutdowns and operational disruptions at domestic properties in Q3 2023; no headcount impact quantified. | |||
| 2023-03-31 | divestiture_reduction | completed | 2022-06-09 | 2023-02-15 | United States (Tunica, Mississippi) | Regional Operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Gold Strike Tunica operations to CNE Gaming Holdings completed 2023-02-15 for $450M cash consideration. No employee headcount associated with the divestiture was disclosed. | |||
| 2022-12-31 | acquisition_addition | completed | 2022-05-17 | 2022-05-17 | United States — Las Vegas, Nevada | Las Vegas Strip Resorts | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Operations acquired for approximately $1.7 billion total purchase price; headcount added not disclosed. | |||
| 2022-12-31 | acquisition_addition | completed | 2022-09-07 | 2022-09-22 | Sweden / Malta (global online gaming) | Corporate and other — LeoVegas | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tender offer completed 2022-09-07 with extended acceptance period through 2022-09-22; acquisition headcount not disclosed. Item 1 separately states approximately 1,000 employees at LeoVegas as of 2022-12-31. | |||
| 2022-12-31 | divestiture_reduction | completed | 2022-12-19 | 2022-12-19 | United States — Las Vegas, Nevada | Las Vegas Strip Resorts | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Operations sold to an affiliate of Hard Rock for $1.075 billion cash; associated headcount not disclosed. Not classified as discontinued operations. | |||
| 2022-12-31 | divestiture_reduction | completed | 2023-02-15 | 2023-02-15 | United States — Tunica, Mississippi | Regional Operations | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event sale completed after fiscal year-end for $450 million cash; asset group classified as held for sale at 2022-12-31; associated headcount not disclosed. | |||
| 2022-12-31 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2022-09-30 | acquisition_addition | completed | 2022-09-07 | 2022-09-22 | Sweden, Malta (global online gaming operations) | Corporate and other (LeoVegas) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tender offer completed 2022-09-07 with additional shares acquired at end of extended acceptance period 2022-09-22; no employee count disclosed. | |||
| 2022-09-30 | acquisition_addition | completed | 2022-05-17 | 2022-05-17 | Las Vegas, Nevada, United States | Las Vegas Strip Resorts | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closed in Q2 2022 (2022-05-17) but disclosed in this filing; no employee count disclosed. | |||
| 2022-09-30 | divestiture_reduction | announced | 2021-12-13 | 2022-12-31 | Las Vegas, Nevada, United States | Las Vegas Strip Resorts (The Mirage) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of The Mirage operations to a Hard Rock affiliate for $1.075 billion; expected to close Q4 2022 subject to regulatory approvals; no employee count disclosed. | |||
| 2022-09-30 | divestiture_reduction | announced | 2022-06-09 | 2023-03-31 | Tunica, Mississippi, United States | Regional Operations (Gold Strike Tunica) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Gold Strike Tunica operations for $450 million; expected to close Q1 2023 subject to regulatory approvals; no employee count disclosed. | |||
| 2021-12-31 | acquisition_addition | completed | 2021-06-30 | 2021-09-27 | United States (Las Vegas Strip) | Las Vegas Strip Resorts | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the remaining 50% of CityCenter for $2.125 billion cash; CityCenter consolidated from 2021-09-27. No headcount added disclosed. | |||
| 2021-12-31 | acquisition_addition | announced | 2021-09-26 | 2022-06-30 | United States (Las Vegas Strip) | Las Vegas Strip Resorts | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire The Cosmopolitan operations for $1.625 billion cash; expected to close in first half of 2022 subject to regulatory approvals. No headcount disclosed. Agreement terminable if not closed by 2022-06-26 (extendable to 2022-09-26). | |||
| 2021-12-31 | divestiture_reduction | announced | 2021-12-13 | 2022-12-13 | United States (Las Vegas Strip) | Las Vegas Strip Resorts | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell The Mirage operations to an affiliate of Seminole Hard Rock for $1.075 billion cash; expected to close in second half of 2022. Master lease to be amended for a $90 million annual rent reduction. No headcount disclosed. | |||
| 2021-12-31 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2021-09-30 | acquisition_addition | completed | 2021-09-27 | 2021-09-27 | United States (Las Vegas, Nevada) | Las Vegas Strip Resorts | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Infinity World's 50% interest in CityCenter for $2.125B cash; MGM now consolidates CityCenter (Aria and Vdara). No employee headcount disclosed. | |||
| 2021-09-30 | acquisition_addition | announced | 2021-09-26 | 2022-06-30 | United States (Las Vegas, Nevada) | Las Vegas Strip Resorts | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire operations of The Cosmopolitan of Las Vegas for $1.625B cash; expected close in first half of 2022. No employee headcount disclosed. | |||
| 2021-09-30 | divestiture_reduction | announced | 2021-08-04 | 2022-06-30 | United States | Corporate / Real Estate | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement for VICI to acquire MGP in stock-for-stock transaction; MGM to receive $4.4B cash and retain ~$370M VICI OP interest. New master lease with VICI at $860M initial annual rent. No employee headcount impact disclosed. | |||
| 2021-09-30 | divestiture_reduction | completed | 2021-10-29 | 2021-10-29 | United States (Springfield, Massachusetts) | Regional Operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | MGP acquired MGM Springfield real estate for $400M cash; property added to MGP master lease. Operations retained by MGM. No employee headcount impact disclosed. | |||
| 2021-09-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2021-06-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-12-31 | layoff | in_progress | 5,000 | United States (domestic operations) | Full-time employees | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | COVID-19 furloughs implemented following March 2020 temporary property closures; count is as of 2020-12-31. Announcement date not specified in filing. Furloughs resulted in a number of employees being separated from the Company. | ||||
| 2020-12-31 | layoff | in_progress | 6,000 | United States (domestic operations) | Part-time employees | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | COVID-19 furloughs implemented following March 2020 temporary property closures; count is as of 2020-12-31. Announcement date not specified in filing. | ||||
| 2020-12-31 | restructuring | in_progress | United States (domestic operations) | Corporate and property operations | USD 26 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2020 restructuring costs under the multi-year MGM 2020 Plan plus COVID-19 cost reductions; $10M recorded in general and administrative expense and $11M in corporate expense. Includes headcount reductions, hiring freezes and cancellation of merit pay increases; employees affected not quantified. Program originally announced January 2019 — only FY2020 charge captured. | ||||
| 2020-12-31 | restructuring | completed | 2020-01-01 | 2020-12-31 | Global | Corporate and Operations | USD 26 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Includes severance, accelerated stock compensation, and consulting fees related to the MGM 2020 Plan and COVID-19 cost reduction efforts. Specific employee count not disclosed. | ||
| 2020-12-31 | layoff | completed | 11,000 | 2020-03-01 | 2020-12-31 | Domestic | All | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Approximately 5,000 full-time and 6,000 part-time domestic employees furloughed and no longer receiving compensation or benefits. Described as 'substantial furloughs' resulting in separations. | ||
| 2020-12-31 | restructuring | in_progress | USD 26,025,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2020-09-30 | layoff | in_progress | United States and Macau | All segments | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company disclosed substantial furloughs (with some employees separated), headcount reductions, hiring freezes, and cancellation of merit pay increases as COVID-19 cost-reduction measures; no employee counts quantified. | |||||
| 2020-09-30 | layoff | in_progress | 2020-03-01 | United States (domestic properties) | All domestic operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | COVID-19 mitigation included hiring freezes, headcount reductions, and substantial furloughs resulting in separations; no employee count or severance charge quantified in the filing. | ||||
| 2020-09-30 | other | in_progress | 2020-03-01 | United States | Senior executives and directors | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program where certain senior executives and directors voluntarily elected to receive remaining 2020 base salary as restricted stock units instead of cash. | ||||
| 2020-09-30 | other | completed | 2020-01-01 | United States | Corporate | USD 44 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | CEO transition expense of $44.4 million recorded in the nine months ended September 30, 2020, including $20 million of stock compensation expense of which about $13 million related to modification and accelerated vesting of outstanding awards; no employee count disclosed. | |||
| 2020-09-30 | restructuring | in_progress | 2020-01-01 | United States | Corporate and operations | USD 20 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring costs of $19.9 million for the nine months ended September 30, 2020 (severance, accelerated stock compensation, and consulting fees related to the MGM 2020 Plan); $5 million recorded within corporate expense. No employee count disclosed. | |||
| 2020-09-30 | restructuring | in_progress | Domestic properties | Corporate and Operations | USD 20 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Incurrence of $20 million of restructuring costs during the nine months ended Sept 30, 2020, related to severance, accelerated stock compensation, and consulting fees for the MGM 2020 Plan. | ||||
| 2020-09-30 | layoff | completed | Domestic properties | All functions | Risk Factors f5-10q / Qwen3.6-27B-Q8_0 | Substantial furloughs and headcount reductions implemented to reduce operating costs; resulted in a number of employees being separated from the Company. | |||||
| 2020-09-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-06-30 | restructuring | in_progress | United States | Corporate and other | USD 20 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | COVID-19 cost reduction efforts included hiring freezes, headcount reductions and substantial employee furloughs; no employee counts disclosed. $19.9 million of restructuring costs recorded in the quarter, a portion in corporate expense. | ||||
| 2020-06-30 | restructuring | in_progress | United States | Corporate / Multiple | USD 20 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring costs of $19.9M recorded in Q2 and YTD 2020, related to severance, accelerated stock compensation, and consulting fees under the MGM 2020 Plan. No employee count disclosed. | ||||
| 2020-06-30 | layoff | in_progress | United States | All domestic properties | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company disclosed hiring freezes, headcount reductions, and substantial furloughs of employees due to COVID-19 property closures beginning March 17, 2020. No specific employee counts or dates provided. | |||||
| 2020-06-30 | other | completed | United States | Executive | USD 44 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | CEO transition expense of $44.4M in YTD 2020, including $20M of stock compensation expense of which ~$13M related to modification and accelerated vesting of outstanding awards. No headcount disclosed. | ||||
| 2020-06-30 | restructuring | in_progress | Global | Corporate and Operations | USD 20 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company engaged in aggressive cost reduction efforts including hiring freezes, headcount reductions, and substantial furloughs. $20 million in restructuring costs recorded for the six months ended June 30, 2020, related to severance, accelerated stock compensation, and consulting fees. | ||||
| 2020-06-30 | restructuring | in_progress | USD 19,882,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2020-03-31 | layoff | in_progress | United States | All domestic properties | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company furloughed a substantial number of employees in response to the temporary closure of all domestic properties; no headcount figure disclosed. | |||||
| 2020-03-31 | restructuring | in_progress | United States | Corporate and domestic properties | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Cost reduction efforts included hiring freezes, headcount reductions, and cancellation of merit pay increases; no affected-employee count disclosed. | |||||
| 2020-03-31 | other | completed | 2020-04-10 | 2020-12-31 | United States | Senior executives and directors | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Certain senior executives and directors voluntarily elected to receive all or a portion of remaining 2020 base salary in restricted stock units in lieu of cash; RSUs vest by December 31, 2020 and are subject to forfeiture if cash compensation is reduced. | |||
| 2020-03-31 | layoff | in_progress | United States | Domestic operations (all U.S. properties) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cost actions following the March 17, 2020 closure of all domestic properties: hiring freezes, headcount reductions, substantial employee furloughs, and cancellation of merit pay increases. No employee counts or severance charges disclosed; also referenced in Part II Risk Factors. | |||||
| 2020-03-31 | other | announced | 2020-12-31 | United States | Senior executives and directors | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Voluntary program electing to receive a portion of 2020 base salary as restricted stock units instead of cash; RSU forms vest on or before 2020-12-31. Participant counts not disclosed. | ||||
| 2020-03-31 | restructuring | in_progress | 2020-03-17 | Domestic properties | All segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Company engaged in aggressive efforts to reduce expenses including hiring freezes, headcount reductions, and substantial furloughs of employees. | ||||
| 2020-03-31 | other | completed | 2020-03-31 | Corporate | Senior executives and directors | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiated program where certain senior executives and directors voluntarily elected to receive all or a portion of remaining base salary in restricted stock units. | ||||
| 2020-03-31 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2019-12-31 | restructuring | in_progress | 2019-01-01 | United States | Corporate and property operations (operating model component of MGM 2020 Plan) | USD 92 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MGM 2020 Plan restructuring costs of $92 million in FY2019 covering severance, accelerated stock compensation, and consulting fees; employee counts not disclosed. Program announced January 2019; expected to exceed $200 million of Adjusted EBITDAR uplift by end of 2020 vs. 2018. | |||
| 2019-12-31 | acquisition_addition | completed | 2019-01-29 | 2019-01-29 | United States (Yonkers, New York) | Regional Operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Empire City real property and operations for approximately $865 million; headcount added not disclosed. | |||
| 2019-12-31 | acquisition_addition | completed | 2019-04-01 | 2019-04-01 | United States (Northfield Park, Ohio) | Regional Operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company acquired the membership interests of Northfield from MGP for approximately $305 million fair value consideration; headcount added not disclosed. | |||
| 2019-12-31 | divestiture_reduction | completed | 2019-12-01 | 2019-12-31 | United States (Las Vegas, Nevada) | Las Vegas Strip Resorts | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Circus Circus Las Vegas and adjacent land completed December 2019 for $825 million; a $219 million non-cash impairment was recorded in Q3 2019 and a $2 million loss on sale in Q4 2019. Headcount removed not disclosed. | |||
| 2019-12-31 | restructuring | completed | 2019-01-01 | 2019-12-31 | Global | Corporate and Operations | USD 92 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring costs related to severance, accelerated stock compensation expense and consulting fees directly related to the operating model component of the MGM 2020 Plan. Employee count not disclosed. | ||
| 2019-12-31 | restructuring | in_progress | USD 92,139,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2019-09-30 | restructuring | in_progress | 2019-01-01 | 2021-12-31 | Company-wide operating model changes | USD 87 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | MGM 2020 Plan announced January 2019; nine-month restructuring costs of $86.6 million cover severance, accelerated stock compensation expense, and consulting fees tied to the operating model component. No employee counts disclosed. First phase targets $200 million annualized Adjusted EBITDA uplift by end of 2020; second phase targets $100 million by end of 2021. | |||
| 2019-09-30 | restructuring | in_progress | 2019-01 | United States | Company-wide (MGM 2020 Plan operating model component) | USD 87 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MGM 2020 Plan restructuring costs for the nine months ended 2019-09-30 cover severance, accelerated stock compensation and consulting fees; no employee count or completion date disclosed. Q3-only restructuring charge was $2.491 million. Company targets $300 million annualized Adjusted EBITDA uplift by end of 2021. | |||
| 2019-09-30 | restructuring | in_progress | 2019-01-01 | 2021-12-31 | Global | Corporate and Operating Model | USD 87 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | MGM 2020 Plan restructuring costs including severance, accelerated stock compensation, and consulting fees. Employee count not disclosed. | ||
| 2019-09-30 | restructuring | in_progress | USD 2,491,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2019-06-30 | restructuring | in_progress | 2019-01-01 | 2021-12-31 | Company-wide operating model changes | USD 43 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | MGM 2020 Plan announced January 2019; Q2 2019 restructuring costs of $43 million covered severance, accelerated stock compensation expense, and consulting fees tied to the operating model component. No employee counts disclosed. Company targets $200 million cost reduction by end of 2020 and $300 million annualized Adjusted EBITDA benefit by end of 2021. | |||
| 2019-06-30 | restructuring | in_progress | 2019-01-01 | 2021-12-31 | Company-wide operating model changes | USD 84 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Year-to-date restructuring costs of $84 million for the six months ended June 30, 2019 under the MGM 2020 Plan, covering severance, accelerated stock compensation expense, and consulting fees. No employee counts disclosed. | |||
| 2019-06-30 | restructuring | in_progress | 2019-01 | Global | Company-wide | USD 43 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MGM 2020 Plan business optimization initiative announced January 2019. Q2 2019 restructuring charge of $43 million covers severance, accelerated stock compensation and consulting fees tied to the operating model phase; YTD charge was $84 million. No employee count disclosed. Plan targets $200M annualized Adjusted EBITDA benefit by end of 2020 and $300M by end of 2021. | |||
| 2019-06-30 | restructuring | in_progress | Corporate | USD 43 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs related to severance, accelerated stock compensation expense, and consulting fees directly related to the operating model component of the MGM 2020 Plan. | |||||
| 2019-06-30 | restructuring | in_progress | Corporate | USD 84 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | YTD restructuring costs related to severance, accelerated stock compensation expense, and consulting fees directly related to the operating model component of the MGM 2020 Plan. | |||||
| 2019-06-30 | restructuring | in_progress | USD 42,990,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2019-03-31 | restructuring | in_progress | 2019-01-01 | 2021-12-31 | Company-wide operating model component | USD 41 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | MGM 2020 Plan announced January 2019; quarterly restructuring costs of $41 million cover severance, accelerated stock compensation expense, and consulting fees tied to the operating model component. Targets $300 million annualized Adjusted EBITDA benefit ($200 million by end of 2020, additional $100 million by end of 2021). No employee count disclosed. | |||
| 2019-03-31 | acquisition_addition | completed | 2019-01-29 | 2019-01-29 | Yonkers, New York | Regional Operations — Empire City | USD 865 (millions) | business_combinations_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Acquisition of Empire City Casino real property and operations for approximately $865 million plus adjustments; workforce added via acquisition but no headcount figure disclosed. | ||
| 2019-03-31 | restructuring | in_progress | 2019-01-01 | United States | Company-wide | USD 41 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company-wide business optimization initiative announced January 2019; Q1 restructuring charge of $41.1M covers severance, accelerated stock compensation, and consulting fees for the operating model component. No employee count disclosed. | |||
| 2019-03-31 | acquisition_addition | completed | 2019-01-29 | 2019-01-29 | United States | Regional Operations | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Empire City Casino in Yonkers, NY completed January 29, 2019 for ~$865M; no headcount added disclosed. | |||
| 2019-03-31 | restructuring | in_progress | Corporate | USD 41 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs related to severance, accelerated stock compensation expense, and consulting fees directly related to the operating model component of the MGM 2020 Plan. | |||||
| 2019-03-31 | restructuring | in_progress | USD 41,098,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2018-12-31 | acquisition_addition | completed | 1,000 | 2019-01-29 | 2019-01-29 | United States — New York | Empire City Casino (Regional Operations) | USD 864 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Empire City acquisition closed January 2019 (subsequent to fiscal year-end); approximately 1,000 employees acquired, a portion covered by collective bargaining agreements. | |
| 2018-12-31 | acquisition_addition | completed | 2018-07-06 | 2018-07-06 | United States — Ohio | Northfield (Hard Rock Rocksino Northfield Park) | USD 1,100 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | MGP acquired Northfield membership interests in July 2018; headcount added not disclosed. Property continues to be operated by an affiliate of Hard Rock International. | ||
| 2018-12-31 | acquisition_addition | completed | 2018-08-24 | 2018-08-24 | United States — Massachusetts | MGM Springfield (Regional Operations) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | MGM Springfield opened August 24, 2018; headcount added not disclosed. Local investor holds a 1% ownership interest. | |||
| 2018-12-31 | acquisition_addition | completed | 2018-02-13 | 2018-02-13 | Macau S.A.R. | MGM Cotai (MGM China) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | MGM Cotai opened February 13, 2018; headcount added not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-08-01 | 2018-08-01 | United States — Illinois | Grand Victoria (50% interest) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% interest in Grand Victoria completed August 2018; headcount impact not disclosed. | |||
| 2018-12-31 | divestiture_reduction | completed | 2018-08-30 | 2018-08-30 | United States — Nevada | Mandarin Oriental Las Vegas (CityCenter) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | CityCenter completed sale of Mandarin Oriental and adjacent retail parcels in August 2018; headcount impact not disclosed. | |||
| 2018-12-31 | other | announced | 2019-01-01 | United States | Company-wide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | MGM 2020 cost-reduction plan announced January 2019 (subsequent to fiscal year-end): targeted $300M annualized Adjusted EBITDA benefit ($200M by end of 2020, additional $100M by end of 2021). Employee headcount impact not disclosed. | ||||
| 2018-12-31 | acquisition_addition | completed | 1,000 | 2019-01-01 | 2019-01-01 | New York | Regional Operations | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquired operations in New York in January 2019 employing approximately 1,000 employees. | ||
| 2018-12-31 | acquisition_addition | announced | 2018-07-01 | 2019-06-30 | Ohio | Regional Operations | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | MGP acquired Northfield, Ohio property in July 2018. MGM expects to acquire these operations in the first half of 2019. | |||
| 2018-09-30 | acquisition_addition | completed | 2018-07-06 | 2018-07-06 | United States (Ohio) | MGP / Domestic resorts | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | MGP completed acquisition of Northfield Park Associates LLC for ~$1.1B. No employee headcount disclosed. | |||
| 2018-09-30 | acquisition_addition | announced | 2018-05-28 | 2019-03-31 | United States (New York) | Domestic resorts | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire Empire City Casino for $850M total consideration; expected to close Q1 2019. No employee headcount disclosed. | |||
| 2018-09-30 | divestiture_reduction | completed | 2018-08-07 | 2018-08-07 | United States (Illinois) | Unconsolidated affiliates (Grand Victoria) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% interest in Grand Victoria for $328M cash; $45M gain recorded. No employee headcount disclosed. | |||
| 2018-09-30 | divestiture_reduction | completed | 2018-08-30 | 2018-08-30 | United States (Nevada) | Unconsolidated affiliates (CityCenter) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | CityCenter sold Mandarin Oriental Las Vegas and retail parcels for ~$214M; CityCenter recognized $133M loss over nine months. No employee headcount disclosed. | |||
| 2016-09-30 | acquisition_addition | completed | 2016-08-01 | 2016-08-01 | United States (Atlantic City, New Jersey) | Domestic resorts | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company acquired Boyd Gaming's interest in Borgata and began consolidating it; no employee headcount added is disclosed in the filing. | |||
| 2016-06-30 | acquisition_addition | completed | 2016-05 | 2016-08-01 | Atlantic City, New Jersey, United States | Domestic resorts | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement signed in May 2016 to acquire Boyd Gaming's 50% interest in Borgata; both the acquisition and the related MGP sale-leaseback closed 2016-08-01, making Borgata a consolidated subsidiary. No employee count disclosed. | |||
| 2016-06-30 | plant_closure | completed | 2016-04-30 | Las Vegas, Nevada, United States | CityCenter (50% owned unconsolidated affiliate) — entertainment | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Zarkana theatre at CityCenter closed in April 2016, triggering accelerated depreciation; CityCenter's operating results were affected by $82 million of accelerated depreciation for the six months ended 2016-06-30. No headcount associated with the closure was disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015-04-01 | 2015-04-01 | United States (Nevada) | Wholly owned domestic resorts | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Railroad Pass closed 2015-04-01 for $8 million cash proceeds; affected headcount not disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2015-04-30 | 2015-04-30 | United States (Nevada) | Wholly owned domestic resorts | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Gold Strike and related Jean, Nevada assets closed 2015-04-30 for $12 million cash proceeds; affected headcount not disclosed. | |||
| 2015-12-31 | divestiture_reduction | completed | 2015-11-23 | 2015-11-23 | United States (Nevada) | Wholly owned domestic resorts / unconsolidated affiliates | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Circus Circus Reno and the Company's 50% interest in Silver Legacy closed 2015-11-23 for $80 million cash proceeds with a $23 million gain; affected headcount not disclosed. | |||
| 2015-12-31 | other | in_progress | 2015-08-01 | 2017-12-31 | Global | Company-wide | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cost and process optimization program announced August 2015 targeting approximately $300 million of annualized Adjusted EBITDA benefit by end of 2017; no headcount reduction or severance charge quantified. Announcement date shown as month-level (2015-08). | |||
| 2014-12-31 | divestiture_reduction | announced | 2014-09-30 | 2015-12-31 | United States — Henderson, Nevada | Wholly owned domestic resorts (Railroad Pass) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Railroad Pass for $8 million, contingent on regulatory approvals; assets classified as held for sale at year-end. No affected-employee count disclosed. A $1 million impairment was recorded in Property transactions, net. | |||
| 2014-12-31 | divestiture_reduction | announced | 2014-10-31 | 2015-12-31 | United States — Jean, Nevada | Wholly owned domestic resorts (Gold Strike) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Gold Strike and related assets for $12 million, contingent on regulatory approvals; assets classified as held for sale at year-end. No affected-employee count disclosed. A $1 million impairment was recorded in Property transactions, net. | |||
| 2014-12-31 | other | in_progress | 4,300 | 2014-12-31 | United States — Las Vegas, Nevada | MGM Grand Las Vegas (unionized workforce) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreement covering approximately 4,300 employees at MGM Grand Las Vegas expired during 2014; an extension has been signed and a new agreement is being negotiated. Count is the covered population, not separations. | |||
| 2014-09-30 | divestiture_reduction | announced | 2014-09-30 | Henderson, Nevada | Wholly owned domestic resorts | USD 1 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Agreement to sell Railroad Pass casino for $8 million; assets of $9 million and liabilities of $2 million classified as held for sale; $1 million impairment charge recorded. No employee headcount figures disclosed. | |||
| 2014-09-30 | divestiture_reduction | announced | 2014-10-31 | Jean, Nevada | Wholly owned domestic resorts | other f5-10q / GLM-5.3-flash-fp4-HTML | Subsequent-event agreement to sell Gold Strike and related assets in Jean, Nevada for $12 million; carrying value of assets $15 million and liabilities $2 million. No employee headcount figures disclosed. | ||||
| 2013-09-30 | other | in_progress | 30,000 | 2013-05-31 | Las Vegas, Nevada (primarily) | Union employees | other f5-10q / GLM-5.3-flash-fp4-HTML | Collective bargaining agreements covering most Las Vegas union employees expired May 31, 2013 and were extended indefinitely subject to termination by either party; negotiations for new agreements ongoing. Filer warns wage/benefit increases could adversely affect results. | |||
| 2013-06-30 | other | in_progress | 30,000 | Las Vegas, Nevada | Wholly owned domestic resorts | other f5-10q / GLM-5.3-flash-fp4-HTML | Collective bargaining agreements covering most Las Vegas union employees expired May 31, 2013 and were extended indefinitely subject to termination by either party; negotiations ongoing. Filer warns prolonged dispute, labor unrest, or strikes could adversely affect operations, and new wage/benefit terms could be significant. | ||||
| 2013-06-30 | other | in_progress | 30,000 | 2013-05-31 | United States (primarily Las Vegas, Nevada) | Wholly owned domestic resorts | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreements covering most Las Vegas union employees expired 2013-05-31 and were extended indefinitely subject to termination by either party; negotiations ongoing. Approximately 30,000 employees covered. No strike or work stoppage disclosed. | |||
| 2011-12-31 | acquisition_addition | completed | 2011-06-03 | 2011-06-03 | Macau S.A.R. | MGM China | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of an additional 1% of MGM China gave MGM Resorts 51% ownership and consolidation. Filer does not state headcount added at acquisition; MGM Macau employed 5,700 full-time and 100 part-time employees at 2011-12-31. | |||
| 2011-12-31 | other | completed | 2,300 | 2011-11 | 2011-11 | United States — Detroit, Michigan | MGM Grand Detroit | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | New collective bargaining agreement approved by the company and approximately 2,300 employees; contract expires in 2015. Most other Las Vegas union agreements expire in 2013, subject to renegotiation in 2012 under economic reopening clauses. | ||
| 2011-06-30 | acquisition_addition | completed | 2011-06-03 | 2011-06-03 | Macau | MGM China | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company acquired an additional 1% of MGM China, obtaining 51% control and consolidating from June 3, 2011; no employee headcount added disclosed. | |||
| 2011-06-30 | plant_closure | completed | 2011-05-02 | 2011-05-18 | Tunica, Mississippi, United States | Gold Strike Tunica | USD 8 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | State-mandated flood closure May 2–18, 2011; $8M in G&A expense for flood prevention and closure costs; no headcount impact quantified. | ||
| 2011-03-31 | plant_closure | in_progress | 2011-05-02 | Tunica, Mississippi | Gold Strike Tunica casino resort | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Property temporarily closed due to Mississippi River flooding; duration and potential damage unknown. Company carries flood and business interruption insurance but cannot predict future claims or payments. No headcount figures disclosed. | ||||
| 2011-03-31 | plant_closure | announced | 2011-05-02 | Tunica, Mississippi, United States | Gold Strike Tunica casino resort | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Property closed due to Mississippi River flooding; duration, damage extent, and any workforce impact not disclosed. Flood and business interruption insurance carried; no claim estimates provided. | ||||
| 2009-12-31 | other | in_progress | United States (primarily Las Vegas, Nevada resorts) | Salaried management and resort operations | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company managed staffing levels across all resorts and reduced salaried management positions; average full-time equivalents at resorts for FY2009 were 11% lower than FY2008 (which was 8% lower than FY2007). Related cost actions: 401(k) and nonqualified deferred compensation matching suspended in 2009, cost-of-living increases rescinded for non-union employees, and the 2009 contractual pay increase deferred with the primary union. No headcount or severance amount quantified. | |||||
| 2009-12-31 | divestiture_reduction | completed | 2008-12 | 2009-03-20 | Las Vegas, Nevada, United States | Treasure Island casino resort (TI) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of TI to Ruffin Acquisition, LLC closed 2009-03-20 for approximately $746 million net proceeds; associated workforce reduction not quantified in the filing. | |||
| 2009-12-31 | other | in_progress | 4,000 | Las Vegas, Nevada, United States | MGM Grand Las Vegas — union bargaining unit | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreement covering approximately 4,000 employees expired in 2008; an extension was signed and a new agreement is under negotiation. Count reflects bargaining-unit population covered, not separations. Most other union contracts expire in 2012. | ||||
| 2009-09-30 | reduction_in_force | in_progress | United States | Salaried management positions across resorts | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company reduced salaried management positions; average full-time equivalents at resorts were 12% lower than the prior-year quarter and 14% lower year-to-date. No absolute headcount disclosed. | |||||
| 2009-09-30 | divestiture_reduction | completed | 2009-03-20 | 2009-03-20 | Las Vegas, Nevada | Treasure Island (TI) casino resort | USD 187 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Treasure Island to Ruffin Acquisition, LLC closed March 20, 2009; pre-tax gain of $187 million recognized. Employee headcount transferred with the property was not disclosed. | ||
| 2009-09-30 | other | completed | 2009-09-30 | 2009-09-30 | Connecticut | Unity Gaming, LLC joint venture with Mashantucket Pequot Tribal Nation | other f5-10q / GLM-5.3-flash-fp4-HTML | Company and MPTN agreed to dissolve Unity Gaming, LLC, releasing the Company of its $200 million financial commitment; consulting services to MGM Grand at Foxwoods discontinued, brand-name fee continues. | |||
| 2009-09-30 | restructuring | in_progress | United States | Corporate / Resort operations | USD 493 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring costs of $493 thousand recorded for nine months ended 2009-09-30 (nil in Q3). No employee count, severance detail, or completion date disclosed. MD&A describes cost actions including reduced salaried management positions, suspended 401(k) and deferred comp contributions, rescinded cost-of-living increases, deferred union pay increase, and staffing-level management across resorts. | ||||
| 2009-09-30 | divestiture_reduction | completed | 2009-03-20 | 2009-03-20 | United States — Las Vegas, Nevada | Treasure Island resort operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Treasure Island closed 2009-03-20; TI released as debt guarantor. No employee count associated with the divestiture is disclosed. | |||
| 2009-06-30 | reduction_in_force | in_progress | United States | Salaried management positions across resorts | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company reduced salaried management positions as part of cost management; average full-time equivalents at resorts for the quarter ended June 30, 2009 were 14% lower than the prior-year quarter. No discrete employee count disclosed. | |||||
| 2009-06-30 | other | in_progress | United States | Salaried management | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer cites reduced salaried management positions, no counts given; also reports average FTEs at resorts 14% lower YoY in Q2 2009 | |||||
| 2009-06-30 | other | completed | United States | Primary union workforce | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement reached with primary union to defer the 2009 contractual pay increase; no employee count disclosed | |||||
| 2009-03-31 | restructuring | completed | Las Vegas, Nevada | Salaried management positions across resorts | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company reduced salaried management positions, suspended 401(k) and deferred compensation contributions, and rescinded cost-of-living increases for non-union employees; average full-time equivalents at resorts decreased 16% in Q1 2009 vs Q1 2008. No employee counts or charges quantified. | |||||
| 2009-03-31 | divestiture_reduction | completed | 2009-03-20 | Las Vegas, Nevada | Treasure Island (TI) casino resort | USD 190 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Treasure Island to Ruffin Acquisition, LLC closed March 20, 2009; TI employees transferred with the property. Pre-tax gain of $190 million recognized; no headcount figure disclosed. | |||
| 2009-03-31 | restructuring | in_progress | United States | Corporate / resorts | USD 443 (thousands) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring costs of $443 thousand recognized in Q1 2009 (vs. $329 thousand in Q1 2008). No employee count, severance detail, or completion timeline disclosed in this filing. | ||||
| 2009-03-31 | reduction_in_force | in_progress | United States | Salaried management | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states the company reduced salaried management positions and that average FTEs at resorts fell 16% vs. Q1 2008. No absolute headcount or specific RIF count disclosed. | |||||
| 2009-03-31 | restructuring | completed | USD 443 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $443,000 recognized for the three months ended March 31, 2009. No employee count disclosed. | ||||||
| 2008-12-31 | restructuring | in_progress | United States | Corporate and resort operations — salaried management | USD 0 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cost-reduction actions in 2008 included reducing salaried management positions, omitting discretionary bonuses, suspending certain nonqualified deferred compensation contributions, and managing staffing levels; average full-time equivalents at resorts fell 7% for the year. Consolidated statements of operations report a separate Restructuring costs line of $443 thousand for 2008; no employee-affected count is disclosed for either item. | ||||
| 2008-12-31 | divestiture_reduction | announced | 2008-12 | 2009-03-31 | Las Vegas, Nevada | Treasure Island (TI) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase agreement to sell TI to Ruffin Acquisition for $775 million; TI assets classified as held for sale at 2008-12-31. Item 1 and Note 1 state closing no later than 2009-03-31, while MD&A Current Operations states by 2009-06-30. No employee count disclosed; TI results not classified as discontinued operations. | |||
| 2008-12-31 | other | in_progress | 4,000 | 2008-12-31 | Las Vegas, Nevada | MGM Grand Las Vegas | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreement covering approximately 4,000 MGM Grand Las Vegas employees expired during 2008; an extension was signed and a new agreement is being negotiated. Count is employees covered by the expired agreement, not separations. | |||
| 2008-12-31 | other | completed | 2008-12-31 | Las Vegas, Nevada | Corporate | USD 0 (millions) | Item 8. Financial Statements f5-10k / Qwen3.6-27B-Q8_0 | Restructuring costs of $443,000 recognized in 2008. No specific employee count disclosed. | |||
| 2008-09-30 | restructuring | in_progress | Las Vegas, Nevada | Las Vegas Strip resorts | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company reduced salaried management positions, eliminated discretionary bonuses after missing internal profit targets, and managed staffing levels across resorts; average full-time equivalent employees at Las Vegas Strip resorts in Q3 2008 were down 7.5% versus Q3 2007. No absolute headcount or charge amount disclosed. | |||||
| 2008-06-30 | reduction_in_force | completed | United States | Salaried management positions | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | During the second quarter of 2008, the Company reduced its salaried management positions by over 400 as part of cost reduction measures; exact headcount figure not disclosed. | |||||
| 2008-06-30 | reduction_in_force | completed | 400 | United States | Salaried management | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | MD&A states over 400 salaried management positions were reduced during the second quarter; no severance charge or announcement date disclosed. | ||||
| 2008-06-30 | plant_closure | completed | 2008-06-30 | 2008-07-31 | United States | Gold Strike (Jean, Nevada) and Nevada Landing joint venture | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Partners decided in June 2008 not to proceed with the Gold Strike/Nevada Landing joint venture; agreement terminated in July 2008. No employee count disclosed. | |||
| 2008-06-30 | restructuring | completed | 400 | Salaried management | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reduced salaried management positions by over 400 during the quarter. | |||||
| 2008-03-31 | reduction_in_force | announced | 400 | 2008-04 | Salaried management positions | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Company stated it reduced salaried management positions by over 400 in April 2008 as part of ongoing operating cost review; count is approximate ('over 400'). | ||||
| 2008-03-31 | reduction_in_force | announced | 400 | 2008-04-30 | United States | Salaried management | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | April 2008 action reducing salaried management positions by over 400; count stated as 'over 400'. No severance charge or completion date disclosed. Announcement month only (April 2008); day not specified. | |||
| 2008-03-31 | restructuring | in_progress | USD 0 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring costs of $329 thousand recognized in the three months ended March 31, 2008; no employee counts, geography, or program detail disclosed in this filing. | ||||||
| 2008-03-31 | restructuring | completed | USD 329 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $329,000 reported for the three months ended March 31, 2008. No employee count disclosed. | ||||||
| 2007-12-31 | plant_closure | completed | 2007-03-31 | 2007-03-31 | Jean, Nevada | Casino resort operations | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Nevada Landing closed in March 2007 and its building assets were written off; associated workforce impact not quantified. Assets held for planned Jean Properties joint venture. | |||
| 2007-12-31 | divestiture_reduction | completed | 2007-04-30 | 2007-04-30 | Primm, Nevada | Casino resort operations (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Primm Valley Resorts (Whiskey Pete's, Buffalo Bill's, Primm Valley) completed April 2007, net proceeds ~$398 million, pre-tax gain $202 million; headcount removed not disclosed. | |||
| 2007-12-31 | divestiture_reduction | completed | 2007-06-30 | 2007-06-30 | Laughlin, Nevada | Casino resort operations (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Laughlin Properties (Colorado Belle and Edgewater) completed June 2007, net proceeds ~$199 million, pre-tax gain $64 million; headcount removed not disclosed. | |||
| 2007-12-31 | other | completed | 21,000 | 2007-08-31 | Las Vegas Strip, Nevada | Las Vegas Strip resort employees | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | New five-year collective bargaining agreement covering approximately 21,000 Las Vegas Strip employees, retroactive to May 31, 2007, with average annual wage and benefit increases of approximately 4%. Excludes MGM Grand Las Vegas contract expiring in 2008. | |||
| 2007-12-31 | other | completed | 2,900 | 2007-10-31 | Detroit, Michigan | MGM Grand Detroit | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | New four-year labor agreement covering approximately 2,900 MGM Grand Detroit employees with average annual wage and benefit increases of approximately 6%. | |||
| 2007-09-30 | other | completed | 21,000 | 2007-08-31 | Las Vegas Strip, Nevada | Casino resorts | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | New five-year collective bargaining agreement covering approximately 21,000 Las Vegas Strip employees, retroactive to May 31, 2007, with wage and benefit increases of approximately 4% annually. Excludes MGM Grand Las Vegas employees, whose agreement expires in 2008. | |||
| 2007-09-30 | plant_closure | completed | 2007-03-31 | Jean, Nevada | Nevada Landing casino resort | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Nevada Landing closed in March 2007; carrying value of its building assets was written off and included in property transactions, net. No employee count disclosed. | ||||
| 2007-09-30 | divestiture_reduction | completed | 2007-04-30 | Primm, Nevada | Primm Valley Resorts (Whiskey Pete's, Buffalo Bill's, Primm Valley Resort) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Primm Valley Resorts completed April 2007 with pre-tax gain of $201 million; headcount removed not disclosed. | ||||
| 2007-09-30 | divestiture_reduction | completed | 2007-06-30 | Laughlin, Nevada | Laughlin Properties (Colorado Belle and Edgewater) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Laughlin Properties completed June 2007 with pre-tax gain of $63 million; headcount removed not disclosed. | ||||
| 2007-09-30 | plant_closure | completed | 2007-09-30 | Detroit, Michigan | MGM Grand Detroit interim facility | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Interim casino facility closed September 30, 2007; permanent MGM Grand Detroit resort opened October 2, 2007. Employee counts not disclosed. | ||||
| 2007-09-30 | other | completed | 21,000 | 2007-08 | Las Vegas, Nevada | Las Vegas Strip resorts | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | New five-year collective bargaining agreement covering about 21,000 Strip employees, retroactive to 2007-05-31, with roughly 4% annual wage and benefit increases; excludes MGM Grand Las Vegas employees whose agreement expires in 2008. | |||
| 2007-09-30 | plant_closure | completed | 2007-09-30 | Detroit, Michigan | MGM Grand Detroit | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Interim Detroit facility closed 2007-09-30; permanent casino opened 2007-10-02. No headcount figures disclosed for either event. | ||||
| 2007-09-30 | divestiture_reduction | completed | 2007-04 | Primm, Nevada | Primm Valley Resorts (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Buffalo Bill's, Primm Valley and Whiskey Pete's completed April 2007 with about $398 million net proceeds; no headcount disclosed. | ||||
| 2007-09-30 | divestiture_reduction | completed | 2007-06 | Laughlin, Nevada | Colorado Belle and Edgewater (discontinued operations) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Laughlin Properties completed June 2007 with about $199 million net proceeds; no headcount disclosed. | ||||
| 2007-09-30 | plant_closure | completed | 2007-03 | Jean, Nevada | Nevada Landing | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nevada Landing closed March 2007 with building assets written off; property slated for contribution to a joint venture. No headcount disclosed. | ||||
| 2007-06-30 | plant_closure | completed | 2007-03-31 | Jean, Nevada | Casino resort operations | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Nevada Landing casino closed in March 2007; building asset carrying value written off. No employee count disclosed. | ||||
| 2007-06-30 | divestiture_reduction | completed | 2007-04-30 | Primm, Nevada | Casino resort operations | USD 201 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Primm Valley Resorts completed April 2007; pre-tax gain of $201 million. No employee count disclosed. | |||
| 2007-06-30 | divestiture_reduction | completed | 2007-06-30 | Laughlin, Nevada | Casino resort operations | USD 63 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Sale of Laughlin Properties (Colorado Belle and Edgewater) completed June 2007; pre-tax gain of $63 million. No employee count disclosed. | |||
| 2007-06-30 | other | in_progress | Las Vegas Strip, Nevada | Casino resort operations | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Collective bargaining agreement covering approximately 21,000 Las Vegas Strip employees expired May 31, 2007; extended indefinitely with seven-day termination right; negotiations ongoing. Wage/benefit increases expected, retroactive to May 31, 2007. | |||||
| 2007-06-30 | plant_closure | completed | 2007-02 | 2007-03 | Jean, Nevada | Nevada Landing casino resort | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nevada Landing closed in March 2007; building assets written off within Property transactions, net. No employee count disclosed. | |||
| 2007-06-30 | divestiture_reduction | completed | 2007-04 | Primm, Nevada | Primm Valley Resorts (Buffalo Bill's, Primm Valley, Whiskey Pete's) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed April 2007 with net proceeds of approximately $398 million; results reclassified to discontinued operations. No employee count disclosed. | ||||
| 2007-06-30 | divestiture_reduction | completed | 2007-06 | Laughlin, Nevada | Colorado Belle and Edgewater | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed June 2007 with net proceeds of approximately $199 million; results reclassified to discontinued operations. No employee count disclosed. | ||||
| 2007-06-30 | other | in_progress | 21,000 | 2007-05-31 | Las Vegas, Nevada | Las Vegas Strip operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Collective bargaining agreement covering about 21,000 Las Vegas Strip employees expired 2007-05-31, extended indefinitely with seven-day termination notice; negotiations ongoing. Company expects wage/benefit increases retroactive to 2007-05-31. Count reflects covered employees, not separations. | |||
| 2007-03-31 | plant_closure | completed | 2007-02-01 | 2007-03-31 | Jean, Nevada | Casino resort operations (Nevada Landing) | USD 5 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nevada Landing closed in March 2007; carrying value of building assets written off within property transactions. No employee count or severance disclosed. Announcement date reflects February 2007 Jean Properties joint venture agreement under which the property was contributed. | ||
| 2007-03-31 | divestiture_reduction | completed | 2006-10-01 | 2007-04-30 | Primm, Nevada | Casino resort operations (Primm Valley Resorts) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Primm Valley Resorts completed April 2007 with net proceeds of approximately $398 million and an estimated pre-tax gain of about $200 million to be recorded in Q2 2007. Classified as held for sale at 2007-03-31; no headcount impact quantified. Announcement month stated only as October 2006. | |||
| 2007-03-31 | divestiture_reduction | announced | 2006-10-01 | 2007-06-30 | Laughlin, Nevada | Casino resort operations (Laughlin Properties) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Colorado Belle and Edgewater for $200 million; pending regulatory approval with completion expected by end of Q2 2007. No headcount impact quantified. Announcement month stated only as October 2006. | |||
| 2007-03-31 | divestiture_reduction | announced | 2007-02-01 | Jean, Nevada | Casino resort operations (Jean Properties joint venture contribution) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to contribute Gold Strike, Nevada Landing and surrounding land to a 50/50 joint venture valued at $150 million; expected distributions of $55 million at transfer and $20 million no later than August 2008. No headcount impact quantified. Announcement month stated only as February 2007. | ||||
| 2006-12-31 | divestiture_reduction | in_progress | 2006-10 | 2007-06-30 | Primm, Nevada | Primm Valley Resorts (casino resorts) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Primm Valley Resorts (excluding two golf courses) for $400 million; results reclassified to discontinued operations. Headcount not disclosed; assets held for sale carried at $369 million combined with Laughlin Properties. | |||
| 2006-12-31 | divestiture_reduction | in_progress | 2006-10 | 2007-06-30 | Laughlin, Nevada | Laughlin Properties — Colorado Belle and Edgewater | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Colorado Belle and Edgewater for $200 million; results reclassified to discontinued operations. Headcount not disclosed. | |||
| 2006-12-31 | plant_closure | announced | 2007-02 | 2007-04-30 | Jean, Nevada | Jean Properties — Nevada Landing hotel-casino | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | February 2007 50/50 joint venture with Jeanco Realty Development to develop a mixed-use community; Jean Properties and surrounding land to be contributed (valued at $150 million), with Nevada Landing closing in April 2007. Headcount not disclosed. | |||
| 2006-12-31 | restructuring | completed | USD 1,035 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | No material restructuring activities in 2006. Charge of $1.0 million for 'Other' costs. All material restructuring costs fully paid or resolved. | ||||||
| 2006-03-31 | plant_closure | completed | 2006-01-31 | Las Vegas, Nevada, United States | Casino resort operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Boardwalk casino resort closed in January 2006 to prepare the site for Project CityCenter. No employee count disclosed. | ||||
| 2006-03-31 | plant_closure | in_progress | 2005-08-31 | 2006-09-30 | Biloxi, Mississippi, United States | Casino resort operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Beau Rivage closed after Hurricane Katrina damage in late August 2005; staged reopening expected to begin in Q3 2006. No employee count or furlough figure disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2004-06-15 | 2005-04-25 | United States (primarily Las Vegas, Nevada) | Casino resort operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger closed 2005-04-25 at $71/share, total acquisition cost ~$7.3 billion. Filer states workforce grew to 'over 66,000 employees versus 40,000' but does not quantify headcount added; no employee termination or exit costs incurred in connection with the acquisition. | |||
| 2005-12-31 | plant_closure | in_progress | 2005-08 | 2006-09-30 | Biloxi, Mississippi, United States | Beau Rivage casino resort | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Beau Rivage sustained significant damage in late August 2005 from Hurricane Katrina and has been closed since; staged reopening expected to begin Q3 2006 with some amenities until Q4 2006. Employees affected not disclosed; damaged assets with net book value of $121 million written off with corresponding insurance receivable. | |||
| 2005-12-31 | plant_closure | completed | 2006-01 | 2006-01 | Las Vegas Strip, Nevada, United States | Boardwalk casino resort | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Boardwalk closed in January 2006 (after fiscal year-end, before filing date) in preparation for Project CityCenter. Employees affected not disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 26,000 | 2005-04-25 | 2005-04-25 | Global | All | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Mandalay increased employee base from 40,000 to over 66,000. Implied addition of ~26,000 employees. | ||
| 2005-12-31 | restructuring | completed | 2005-12-31 | 2005-12-31 | Global | All | USD -59 (thousands) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Net restructuring credit of $59,000. No material restructuring activities or employee counts disclosed for 2005. | ||
| 2005-06-30 | acquisition_addition | completed | 2005-04-25 | 2005-04-25 | United States (primarily Las Vegas, Nevada) | Casino resorts (single operating segment) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger closed 2005-04-25; no employee headcount added disclosed. Mandalay operations represent ~50% of total assets and ~30% of Q2 net revenues per Item 4. | |||
| 2005-06-30 | other | completed | United States | Corporate / Human Resources | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Mandalay Supplemental Executive Retirement Plan terminated; lump-sum payouts of $145 million to participants made in July 2005 (subsequent event). Number of participants not disclosed. | |||||
| 2005-06-30 | restructuring | completed | USD -70 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs (credit) of $(70) thousand reported for the six months ended June 30, 2005. No employee count disclosed. | ||||||
| 2005-06-30 | other | completed | 2005-07 | Executive | USD 145,000 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Termination of Mandalay Supplemental Executive Retirement Plan with lump-sum payouts of $145 million to key employees in July 2005. | ||||
| 2004-12-31 | restructuring | completed | United States — Detroit, Michigan | MGM Grand Detroit | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Workforce reduction costs incurred to offset a Michigan gaming tax increase from 18% to 24% effective September 2004; headcount not disclosed. | ||||
| 2004-12-31 | restructuring | completed | United States — Las Vegas, Nevada | Bellagio | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Contract termination costs related to the Aqua restaurant at Bellagio; no employee count disclosed. | ||||
| 2004-12-31 | divestiture_reduction | completed | 2003-06-01 | 2004-01-31 | United States — Las Vegas, NV and Laughlin, NV | Golden Nugget Subsidiaries | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Golden Nugget Las Vegas and Golden Nugget Laughlin closed January 2004 with net proceeds of $210 million; headcount removed not disclosed. | |||
| 2004-12-31 | divestiture_reduction | completed | 2004-02-01 | 2004-07-31 | Australia | MGM Grand Australia | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of MGM Grand Australia subsidiaries closed July 2004 with net proceeds of $136 million; headcount removed not disclosed. | |||
| 2004-12-31 | acquisition_addition | announced | 2004-06-16 | 2005-03-31 | United States — Nevada, Mississippi, Illinois, Michigan | Mandalay Resort Group | USD 8,100 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive merger agreement to acquire Mandalay Resort Group for $71.00 per share; total consideration approximately $8.1 billion including assumed debt. Anticipated to close Q1 2005; headcount to be added not disclosed. | ||
| 2004-12-31 | restructuring | completed | 2004 | Detroit, Michigan | MGM Grand Detroit | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Workforce reduction costs to minimize impact of gaming tax increase in Michigan. | |||
| 2004-12-31 | restructuring | completed | 2004 | Las Vegas, Nevada | Bellagio | USD 3 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Contract termination costs related to the Aqua restaurant. | |||
| 2004-09-30 | restructuring | in_progress | USD 2 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs incurred for the three months ended September 30, 2004. | ||||||
| 2004-09-30 | restructuring | in_progress | USD 6 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs incurred for the nine months ended September 30, 2004. | ||||||
| 2004-06-30 | restructuring | in_progress | USD 3,900 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $3.9 million reported for the three months ended June 30, 2004. No employee count disclosed. | ||||||
| 2004-06-30 | restructuring | in_progress | USD 4,314 (thousands) | financial_statements f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $4.3 million reported for the six months ended June 30, 2004. No employee count disclosed. | ||||||
| 2003-12-31 | restructuring | completed | United States | The Mirage — entertainment | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closure of the Siegfried & Roy show at The Mirage in 2003, resulting in a charge for employee severance costs. Employee count not disclosed. | ||||
| 2003-12-31 | restructuring | completed | United States | Corporate / MGM Grand Las Vegas | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2003 restructuring included closing two marketing offices with related lease terminations and terminating a restaurant lease at MGM Grand Las Vegas. Employee count not disclosed. | ||||
| 2003-12-31 | restructuring | completed | United States | Multiple resorts — table games staffing | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2003 other severance related primarily to restructuring of table games staffing at several resorts. Employee count not disclosed. | ||||
| 2003-12-31 | divestiture_reduction | completed | 3,400 | 2003-06-30 | 2004-01-31 | United States | Golden Nugget Las Vegas and Golden Nugget Laughlin | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Golden Nugget Subsidiaries announced June 2003, closed January 2004. Approximately 3,100 full-time and 300 part-time employees worked at these subsidiaries as of December 31, 2003. Count reflects employees at year-end, not separations during FY2003. | ||
| 2003-12-31 | divestiture_reduction | completed | 2003-06-30 | 2003-06-30 | Isle of Man / International | PLAYMGMMIRAGE.com — online gaming | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company ceased operations of its online gaming website as of June 30, 2003; classified as discontinued operations. Employee count not disclosed. | |||
| 2003-12-31 | divestiture_reduction | announced | 2004-02-28 | 2004-09-30 | Australia | MGM Grand Australia | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell subsidiaries operating MGM Grand Australia for approximately A$195 million (~$150 million), announced February 2004, expected to close by Q3 2004. Employee count not disclosed. | |||
| 2003-12-31 | acquisition_addition | announced | 2004-01-31 | 2004-09-30 | United States / United Kingdom | Wembley plc — greyhound tracks, VLTs, racing | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cash acquisition offer of 750 pence per share valuing Wembley at $490 million, announced January 2004, expected to close by Q3 2004. Employee count not disclosed. | |||
| 2003-12-31 | restructuring | completed | 2003-12-31 | 2003-12-31 | United States | Marketing, Restaurant, Entertainment | USD 7 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Includes closing two marketing offices, terminating restaurant lease at MGM Grand Las Vegas, and closing Siegfried & Roy show. Employee count not explicitly disclosed for 2003 actions, though charge is $6.6M. | ||
| 2003-09-30 | restructuring | in_progress | United States (several resorts) | Table games operations | USD 1 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q3 2003 restructuring costs of $4 million included $1 million of severance pay for a table games staffing restructuring across several resorts; remaining $3 million was lease termination costs at MGM Grand Las Vegas. Number of employees affected not disclosed. YTD restructuring costs (credit) were $5.187 million for the nine months ended 2003-09-30. | ||||
| 2003-09-30 | divestiture_reduction | in_progress | 2003-06 | 2004-03-31 | Las Vegas and Laughlin, Nevada | Golden Nugget Las Vegas and Golden Nugget Laughlin resorts | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell the Golden Nugget subsidiaries for approximately $215 million, expected to close by Q1 2004 subject to regulatory approval; workforce transferred with the sale. Headcount of the affected subsidiaries not disclosed (net assets held for sale were $195.4 million at 2003-09-30). | |||
| 2003-09-30 | other | completed | 2003-06 | 2003-06-30 | Isle of Man (online operations) | PLAYMGMMIRAGE.com online gaming website | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company ceased operations of its online gaming website as of 2003-06-30; a $7 million loss on disposal (nine months 2003) relates primarily to unrecoverable computer hardware and software costs. Number of employees affected not disclosed. | ||
| 2003-09-30 | restructuring | completed | 2003-09-30 | Las Vegas | Table Games | USD 4 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $4 million included $3 million lease termination costs at MGM Grand Las Vegas and $1 million severance pay related to restructuring of table games staffing at several resorts. | |||
| 2003-06-30 | divestiture_reduction | announced | 2003-06-24 | Nevada (Las Vegas and Laughlin) | Golden Nugget Las Vegas and Golden Nugget Laughlin resorts | other f5-10q / GLM-5.3-flash-fp4-HTML | Agreement to sell Golden Nugget subsidiaries for approximately $215 million; expected to close within six months subject to regulatory approval. No gain or loss recognized as of June 30, 2003; modest gain expected. No headcount figures disclosed. | ||||
| 2003-06-30 | plant_closure | completed | 2003-06-30 | Isle of Man | PLAYMGMMIRAGE.com online gaming website | USD 7 (millions) | other f5-10q / GLM-5.3-flash-fp4-HTML | Company ceased operations of its online gaming website as of June 30, 2003; $7 million loss on disposal primarily from unrecoverable computer hardware and software costs. No headcount figures disclosed. | |||
| 2003-06-30 | divestiture_reduction | announced | 2003-06-24 | 2003-12-31 | United States (Las Vegas and Laughlin, Nevada) | Golden Nugget Las Vegas and Golden Nugget Laughlin resorts | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Golden Nugget subsidiaries for approximately $215 million; expected to close within six months. No employee counts disclosed. | |||
| 2003-06-30 | other | completed | 2003-06-30 | 2003-06-30 | Isle of Man | PLAYMGMMIRAGE.com online gaming operations | USD 7 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company ceased operations of its online gaming website as of June 30, 2003; $7 million loss on disposal primarily for unrecoverable computer hardware and software. No employee counts disclosed. | ||
| 2003-06-30 | restructuring | in_progress | USD 1 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring costs of $0.5 million in Q2 2003 and $1.2 million year-to-date; filing discloses no employee counts, affected functions, or completion timing. | ||||||
| 2003-06-30 | restructuring | completed | USD 548 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $548k reported for the three months ended June 30, 2003. MD&A notes prior year included a $10.4M credit, while current quarter costs were under $1M. | ||||||
| 2003-06-30 | restructuring | completed | USD 1,153 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $1.153M reported for the six months ended June 30, 2003. | ||||||
| 2003-03-31 | restructuring | in_progress | USD 605 (thousands) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring costs of $605 thousand recorded in Q1 2003 (nil in Q1 2002); no employee counts, severance detail, or timing disclosed in the filing. | ||||||
| 2003-03-31 | plant_closure | completed | 2003-01-31 | 2003-01-31 | United States — Las Vegas, Nevada | MGM Grand Las Vegas — EFX! Theatre | USD 5 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | EFX! Theatre closed January 2003 to make way for a Cirque du Soleil production; MD&A cites ~$5 million of impairments and demolition costs. No workforce impact quantified. | ||
| 2003-03-31 | restructuring | completed | Las Vegas | Entertainment | USD 605 (thousands) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs of $605,000 recorded for the quarter. MD&A notes increased labor costs due to a new union contract effective June 1, 2002, but does not quantify headcount changes. | ||||
| 2002-12-31 | restructuring | completed | 2002-06-30 | 2002-12-31 | United States — Nevada | Resort operations | USD -10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2002 restructuring credit reversing part of the 2001 post-September 11 severance accrual after re-hiring many laid off employees; relates to the 2001 program (approx. 6,700 FTE reductions), not a new FY2002 headcount action. | ||
| 2002-12-31 | restructuring | completed | 2002-12-31 | 2002-12-31 | United States | Other | USD -10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Credit recorded December 2002 on a June 2000 lease contract termination accrual whose successor-tenant payment was determined not probable; contract matter, no employee count disclosed. | ||
| 2002-12-31 | restructuring | completed | 2002-12-31 | 2002-12-31 | United States — Las Vegas, Nevada | MGM Grand Las Vegas — restaurant and EFX show operations | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Contract termination costs for a restaurant lease and the EFX show; no employees-affected count disclosed. | ||
| 2002-12-31 | restructuring | completed | 6,700 | 2001-09-11 | 2002-12-31 | Nevada and Mississippi | Corporate and Operations | USD 22 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Approximately 6,700 employees laid off or terminated (6,400 in Nevada, 315 in Biloxi) in response to September 11 attacks. Initial charge of $22 million recorded in 2001. In 2002, a $10 million restructuring credit was recorded due to rehiring and reduced accrual needs. | |
| 2002-12-31 | restructuring | completed | 2002-12-31 | 2002-12-31 | Las Vegas | MGM Grand Las Vegas | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Restructuring charges related to contract termination costs for a restaurant lease and the EFX show. | ||
| 2002-09-30 | restructuring | in_progress | 6,700 | 2001-09 | Las Vegas and other resort locations | Company-wide cost containment (payroll reduction, marketing refocus) | USD 22 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Layoffs/terminations occurred in Q3-Q4 2001 in response to September 11 attacks; count is full-time equivalent basis. Through September 30, 2002 approximately $11 million of payments applied against accruals; a $10 million restructuring credit was recorded in Q2 2002 after re-hiring many employees; remaining accrual was $1 million at September 30, 2002. MD&A cites approximately 6,400 employees affected in the 2001 third quarter. | ||
| 2002-09-30 | other | completed | 15,000 | 2002-06 | Las Vegas | Las Vegas resort operations (Culinary Union) | USD 16 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | New five-year labor contract with the Culinary Union effective June 1, 2002 covering wages and health and welfare contributions; expected to increase labor costs approximately $16 million in the first full year. Wage increases begin at $0.69 per hour and reach a cumulative $3.24 per hour in the final year. The $16 million figure is an expected cost increase, not a charge. | ||
| 2002-09-30 | restructuring | in_progress | 6,700 | 2001-09-30 | United States (primarily Las Vegas, Nevada resorts) | Resort operations; approximately 6,700 employees on a full-time equivalent basis | USD 22 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program implemented in Q3-Q4 2001 in response to post-September 11 demand decline; $22M charge for severance, extended health care and related costs. Approximately $11M paid through 2002-09-30; a $10M restructuring credit was recorded in Q2 2002 as re-hiring reduced the accrual, leaving $1M remaining at 2002-09-30. No restructuring charges were incurred in Q3 2002. Announcement date is approximate (filing states third and fourth quarters of 2001). | ||
| 2002-09-30 | other | completed | 15,000 | 2002-06-01 | Las Vegas, Nevada | Las Vegas resort employees covered by Culinary Union bargaining unit | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | New five-year labor contract with the Culinary Union agreed in Q2 2002, effective 2002-06-01, covering approximately 15,000 Las Vegas resort employees. Wage increases begin at $0.69/hour in year one, reaching a cumulative $3.24/hour in the final year; expected labor cost increase of approximately $16 million in the first full contract year. Announcement date approximate (filing states second quarter of 2002). | |||
| 2002-09-30 | restructuring | completed | 2001-09-30 | United States | Corporate and Operations | USD -10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Credit of $10 million recorded in Q2 2002 due to re-hiring of previously laid off employees; original 2001 charge affected approx 6,700 employees. | |||
| 2002-09-30 | other | completed | 15,000 | 2002-06-01 | Las Vegas, Nevada | Resort Operations | MD&A f5-10q / Qwen3.6-27B-Q8_0 | New five-year labor contract with Culinary Union effective June 1, 2002, covering approx 15,000 employees; wage increases expected to cost $16 million in first full year. | |||
| 2002-06-30 | restructuring | in_progress | 6,700 | United States | Company-wide | USD 22 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Cost containment after September 11 attacks; layoffs/terminations on a full-time equivalent basis in Q3-Q4 2001, covering severance pay, extended health care and related costs | |||
| 2002-06-30 | restructuring | completed | United States | Company-wide | USD -10 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q2 2002 restructuring credit of $10 million as improving business levels and re-hiring made part of the remaining severance accrual unnecessary; $1 million accrual remained at June 30, 2002 | ||||
| 2002-06-30 | other | completed | 15,000 | 2002-06-01 | Las Vegas, Nevada | Las Vegas resorts | USD 16 (millions) | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | New five-year Culinary Union contract effective June 1, 2002 covering approximately 15,000 Las Vegas resort employees; wage and health/welfare contributions rising from $0.69/hour in year one to cumulative $3.24/hour in final year; expected first-year labor cost increase of approximately $16 million | ||
| 2002-06-30 | restructuring | in_progress | 6,700 | USD 22 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 6,700 FTE laid off or terminated in Q3 and Q4 2001 in response to post-September 11 business decline; $11M of payments applied against accruals through June 30, 2002; a $10M restructuring credit was recorded in Q2 2002 as rehiring reduced the need for the accrual, leaving $1M accrued at June 30, 2002. Layoffs occurred in a prior fiscal year; no announcement date stated. | |||||
| 2002-06-30 | other | completed | 15,000 | 2002-06-01 | Las Vegas, Nevada | Las Vegas resort operations | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreed in Q2 2002, effective June 1, 2002, covering approximately 15,000 Las Vegas resort employees; wage and health/welfare increases expected to raise labor costs about $16M in the first contract year. | |||
| 2002-06-30 | restructuring | in_progress | 6,700 | 2001-09-11 | United States | Corporate and Operations | USD 22 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 6,700 employees (FTE) laid off or terminated in Q3/Q4 2001 due to Sept 11 business decline. $22M charge recorded. $11M paid through June 30, 2002. $10M credit recorded in Q2 2002 due to rehiring and reduced accrual needs. Remaining accrual $1M. | ||
| 2001-12-31 | layoff | completed | 6,400 | 2001-09-30 | Nevada | Nevada operations | USD 20 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q3 2001 cost-containment response to the September 11 attacks; count stated on a full-time-equivalent basis. Exact announcement date not disclosed; quarter-end used. Severance accrual payments continued into 2002 ($16M unpaid balance at year-end across all 2001 programs). | ||
| 2001-12-31 | layoff | completed | 315 | 2001-09-30 | Biloxi, Mississippi, United States | Beau Rivage | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Additional layoffs at Beau Rivage disclosed only in MD&A, not in the restructuring footnote; no separate charge amount disclosed. Shares announcement timing with the Nevada reductions. | |||
| 2001-12-31 | restructuring | completed | 2001-12-31 | United States | Nevada operations | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q4 2001 additional personnel reductions related to the September 11 attacks; headcount not disclosed. | |||
| 2001-12-31 | other | completed | 2001-12-31 | Las Vegas, Nevada, United States | Boardwalk Hotel and Casino | USD 2 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q4 2001 charge for termination of the Holiday Inn franchise agreement at the Boardwalk; headcount impact not disclosed. | |||
| 2001-12-31 | divestiture_reduction | announced | 2002-06-30 | South Africa | MGM Grand South Africa (managed casinos) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell South Africa operations, subject to regulatory approval, expected to close in Q2 2002; announced before the filing date. Headcount not disclosed; operations are managed under a joint venture with Tsogo Sun. | ||||
| 2001-12-31 | layoff | completed | 6,400 | 2001-09-11 | 2001-12-31 | Nevada | Nevada operations | USD 24 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Approximately 6,400 employees (full-time equivalent) laid off or terminated in Nevada. Charge includes severance, extended health care, and related costs. Additional 315 employees laid off at Beau Rivage (Mississippi). | |
| 2001-12-31 | layoff | completed | 315 | 2001-09-11 | 2001-12-31 | Mississippi | Beau Rivage | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 315 employees laid off or terminated at Beau Rivage. Costs included in the consolidated $24 million restructuring charge. | ||
| 2001-12-31 | restructuring | completed | 2001-10-01 | 2001-12-31 | Nevada | Corporate/Operations | USD 2 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Fourth quarter 2001 personnel reductions related to September 11 attacks ($2 million charge) and termination of Holiday Inn franchise agreement at Boardwalk Hotel and Casino ($2 million charge). | ||
| 2001-09-30 | layoff | completed | 6,400 | 2001-09-30 | Company-wide; payroll reduction and marketing program refocusing | USD 20 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Response to post-September 11 decline in business volumes; count expressed on a full-time equivalent basis; charge covers severance pay, extended health care coverage and related costs; substantially all accrued costs remained unpaid at September 30, 2001. Also disclosed in MD&A. | |||
| 2001-09-30 | layoff | completed | 6,400 | USD 20 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 6,400 employees (full-time equivalent basis) laid off or terminated during Q3 2001 in response to the post-September 11 decline in business volumes; charge covers severance, extended health care and related costs. Specific announcement date and geography not disclosed; substantially all accrued costs remained unpaid at 2001-09-30. FTE basis, not headcount. | |||||
| 2001-09-30 | divestiture_reduction | announced | 2002-03-31 | South Africa | MGM Grand South Africa operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell South Africa operations, subject to regulatory approval, expected to close in Q1 2002; no affected-employee count disclosed. Announcement date not stated in filing. | ||||
| 2001-09-30 | restructuring | in_progress | 6,400 | 2001-09-30 | United States | General and Administrative; Marketing; Operations | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cost containment strategies implemented in response to September 11 attacks, including payroll reduction and marketing refocusing. Charge primarily for severance and extended health care. | ||
| 2001-09-30 | restructuring | completed | 125 | 2000-04-01 | United States | Marketing; Entertainment; Retail; Information Systems; Human Resources | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Mirage Acquisition integration restructuring initiated in Q2 2000. Remaining unpaid balance of $12 million as of Sept 30, 2001 relates principally to lease buyouts. | ||
| 2001-09-30 | restructuring | completed | 70 | 2000-01-01 | United States | General and Administrative | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of G&A functions at New York-New York and MGM Grand Las Vegas completed in Q1 2000. | ||
| 2000-12-31 | restructuring | completed | 70 | 2000-03-31 | 2000-03-31 | United States | General and administrative functions at New York-New York and MGM Grand Las Vegas | USD 6 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Initiated and completed during Q1 2000; $4 million net of income tax. Approximately 70 people affected, primarily at operating properties excluding Mirage properties. | |
| 2000-12-31 | restructuring | completed | 125 | 2000-06-30 | 2000-06-30 | United States | Marketing, entertainment, retail, information systems, and human resources (duplicative functions) | USD 18 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Q2 2000 restructuring in connection with Mirage acquisition; $12 million net of tax. Includes ~$6M contract terminations and staffing reductions, ~$11M lease buyouts, ~$1M other. Approximately 125 people affected. $9M paid against accruals during 2000, leaving $15M unpaid balance at year-end. | |
| 2000-12-31 | acquisition_addition | completed | 2000-05-31 | 2000-05-31 | United States | Mirage Resorts properties (Bellagio, The Mirage, Treasure Island, Boardwalk, Golden Nugget, Golden Nugget-Laughlin, Beau Rivage, Monte Carlo JV) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Mirage Resorts acquisition completed May 31, 2000; total equity value ~$4.4 billion plus ~$2.0 billion assumed debt. Specific employee headcount added through acquisition not disclosed. | |||
| 2000-12-31 | restructuring | completed | 195 | 2000-01-01 | 2000-12-31 | United States | General and Administrative | USD 24 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Comprehensive restructuring plans implemented during the year to reduce costs and improve efficiencies. Affected primarily duplicative functions within marketing, entertainment, retail, information systems and human resources at operating properties excluding Mirage properties. | |
| 2000-09-30 | restructuring | completed | 70 | 2000-03-31 | 2000-03-31 | General and administrative functions at NYNY and MGM Grand Las Vegas | USD 6 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q1 2000 one-time charge of $5.5 million ($3.6 million net of tax); approximately 70 people affected, primarily at operating properties excluding Mirage Properties. | ||
| 2000-09-30 | restructuring | in_progress | 125 | 2000-06-30 | Duplicative functions in marketing, entertainment, retail, information systems and human resources | USD 18 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q2 2000 charge of $18.0 million ($11.7 million net of tax) tied to Mirage Acquisition: contract terminations and staffing reductions ~$5.7 million, lease buyouts ~$11.1 million, other ~$1.2 million; ~$15 million of accrued costs unpaid at September 30, 2000. | |||
| 2000-09-30 | restructuring | completed | 70 | 2000-03-31 | 2000-03-31 | United States — Las Vegas, Nevada | General and administrative functions at NYNY and MGM Grand Las Vegas | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Initiated and completed during Q1 2000; charge was $3.6M net of income tax. Primarily at operating properties excluding Mirage Properties. | |
| 2000-09-30 | restructuring | in_progress | 125 | 2000-05-31 | United States — Las Vegas, Nevada | Duplicative functions in marketing, entertainment, retail, information systems and human resources | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Comprehensive restructuring in connection with Mirage Acquisition; charge was $11.7M net of tax. Approximately $15M of accrued costs remained unpaid as of 2000-09-30. Primarily at operating properties excluding Mirage Properties. | ||
| 2000-09-30 | restructuring | completed | 70 | 2000-03-31 | 2000-03-31 | United States | General and Administrative | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of G&A functions at NYNY and MGM Grand Las Vegas; charge recorded in Q1 2000. | |
| 2000-09-30 | restructuring | in_progress | 125 | 2000-06-30 | United States | Marketing, Entertainment, Retail, Information Systems, Human Resources | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Mirage Acquisition related restructuring; primarily duplicative functions. $15 million accrued costs remained unpaid as of Sept 30, 2000. | ||
| 2000-06-30 | restructuring | completed | 70 | 2000-03-31 | 2000-03-31 | General and administrative functions at NYNY and MGM Grand Las Vegas | USD 6 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q1 2000 plan to consolidate G&A functions; charge of $3.6 million net of income tax; reductions primarily at operating properties excluding Mirage Properties. | ||
| 2000-06-30 | restructuring | completed | 125 | 2000-06-30 | 2000-06-30 | Duplicative functions in marketing, entertainment, retail, information systems and human resources | USD 18 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Q2 2000 plan in connection with Mirage Acquisition; charge of $11.7 million net of income tax; includes contract terminations and staffing reductions (~$5.7M), lease buyouts (~$11.1M) and other costs ($1.2M); estimated annualized savings ~$10.9 million; substantial majority of accrued costs unpaid at June 30, 2000. | ||
| 2000-06-30 | restructuring | completed | 70 | 2000-03-31 | 2000-03-31 | United States | General and administrative functions at NYNY and MGM Grand Las Vegas | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Initiated and completed in Q1 2000; charge was $3.6M net of income tax. Approximately 70 people affected, primarily at operating properties excluding the Mirage Properties. | |
| 2000-06-30 | restructuring | in_progress | 125 | 2000-06-30 | United States | Marketing, entertainment, retail, information systems and human resources (duplicative functions) | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Comprehensive restructuring initiated in June 2000 in connection with the Mirage Acquisition; charge was $11.7M net of income tax. Charge comprised ~$5.7M contract terminations and staffing reductions, ~$11.1M lease buyouts, and $1.2M other. A substantial majority of accrued costs remained unpaid at 2000-06-30. MD&A estimates annualized cost savings of ~$10.9M. | ||
| 2000-06-30 | acquisition_addition | completed | 2000-05-31 | 2000-05-31 | United States (Las Vegas NV, Biloxi MS, Laughlin NV, Atlantic City NJ) | Mirage Properties — Bellagio, The Mirage, Treasure Island, Holiday Inn Boardwalk, Golden Nugget, Golden Nugget-Laughlin, Beau Rivage, Monte Carlo (50% JV), The Borgata development | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Mirage Resorts, Incorporated acquired 2000-05-31 for $21/share cash, ~$4.4B equity value plus ~$2.0B assumed debt. Operating results included from acquisition date; no employee headcount added is disclosed in the filing. | |||
| 2000-06-30 | restructuring | in_progress | 70 | 2000-03-31 | United States | General and Administrative | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Consolidation of G&A functions at NYNY and MGM Grand Las Vegas. | ||
| 2000-06-30 | restructuring | in_progress | 125 | 2000-06-30 | United States | Marketing, Entertainment, Retail, Information Systems, Human Resources | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Post-Mirage Acquisition restructuring; excludes Mirage Properties. Includes contract terminations and lease buyouts. | ||
| 1999-12-31 | acquisition_addition | completed | 1999-03-01 | 1999-03-01 | United States (Primm, Nevada; Las Vegas, Nevada) | Primm Properties (Buffalo Bill's, Primm Valley, Whiskey Pete's) and 50% interest in New York-New York Hotel & Casino | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger with Primadonna Resorts, Inc. completed March 1, 1999; acquired Primadonna's 50% NYNY interest and three Primm hotel/casinos. Primm Properties employed approximately 2,953 FTE as of Dec 31, 1999. No specific acquisition-related headcount figure disclosed. | |||
| 1999-12-31 | acquisition_addition | announced | 2000-03-06 | 2000-12-31 | United States (Las Vegas, Nevada) | Mirage Resorts, Incorporated — all operations | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive merger agreement signed March 6, 2000 to acquire Mirage Resorts for $21/share cash (~$4.4B equity value plus ~$2.0B assumed debt). No employee count disclosed. Anticipated to close during Q4 2000. | |||
| 1999-12-31 | acquisition_addition | completed | 1999-03-01 | 1999-03-01 | Nevada | Primadonna Resorts (Primm Properties and NYNY) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Company completed merger with Primadonna Resorts, Inc. on March 1, 1999, acquiring ownership of Primm Properties and remaining interest in NYNY. Specific headcount added is not disclosed, but subsequent employee counts for these properties are provided in the Employees section. | |||
| 1999-06-30 | acquisition_addition | completed | 1999-03-01 | 1999-03-01 | United States (Las Vegas, NV; Primm, NV) | Hotel/Casino operations (NYNY and Primm Properties) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger with Primadonna Resorts, Inc. completed 1999-03-01; acquired NYNY 50% interest and Primm Properties. No employee headcount added disclosed in the filing. | |||
| 1999-03-31 | acquisition_addition | completed | 1999-03-01 | 1999-03-01 | United States (Primm, Nevada and Las Vegas, Nevada) | Hotel/Casino operations (Whiskey Pete's, Buffalo Bill's, Primm Valley Resort, New York-New York) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Merger completed 1999-03-01; acquired Primadonna Resorts and its 50% NYNY interest. No employee headcount added disclosed; consideration was 9.5 million shares valued at approximately $244.7 million plus $389 million of assumed debt. | |||
| 1998-12-31 | acquisition_addition | completed | 3,390 | 1998-12-02 | 1999-03-01 | Primm, Nevada and California | Hospitality/Gaming | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger with Primadonna Resorts completed March 1, 1999; 3,390 FTE employees as of December 31, 1998; approximately $315 million long-term debt assumed; also acquired 50% interest in NYNY LLC | ||
| 1997-12-31 | restructuring | completed | 1995-08-01 | MGM Grand Las Vegas | USD 6 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | One-time charge of $5.9 million primarily related to employee severance payments. Announced in 1995, charge recognized in 1995. No employee count disclosed. | ||||
| 1996-12-31 | restructuring | completed | 1995-08-01 | Las Vegas, Nevada | MGM Grand Las Vegas | USD 6 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | One-time charge of $5.942 million in 1995 related to employee severance payments as part of a comprehensive restructuring plan to reduce costs and improve efficiency. No specific employee count disclosed for this action. | |||
| 1996-06-30 | other | announced | 8,279 | 1996-05-07 | 1997-05-07 | Las Vegas, Nevada | All employees | USD 4,982 (thousands) | other f5-10q / GLM-5.3-flash-fp4-HTML | Commitment to grant 15 shares to each employee in exchange for remaining employed through the one-year anniversary; recognized as deferred compensation of $4,982,000 amortized to compensation expense monthly over the commitment period. | |
| 1995-12-31 | restructuring | completed | 1995-08-01 | United States — Las Vegas, Nevada | MGM Grand Las Vegas operations | USD 5,942 (thousands) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Comprehensive restructuring plan to reduce costs and improve efficiency at MGM Grand Las Vegas. One-time charge in Q3 1995, primarily related to employee severance payments. Number of employees affected not disclosed. | |||
| 1995-12-31 | acquisition_addition | completed | 600 | 1995-09-07 | 1995-09-07 | Australia — Darwin, Northern Territory | MGM Grand Diamond Beach Hotel and Casino | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 600 FTE employees acquired with the Diamond Beach Hotel and Casino acquisition completed September 7, 1995. Headcount figure is as of December 31, 1995. | ||
| 1995-12-31 | acquisition_addition | completed | 600 | 1995-09-07 | 1995-09-07 | Australia | MGM Grand Australia | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Diamond Beach Hotel and Casino completed on September 7, 1995. Workforce count reflects year-end headcount. | ||
| 1995-12-31 | divestiture_reduction | completed | 1994-12-31 | 1994-12-31 | United States | MGM Grand Air | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | MGM Grand Air was sold on December 31, 1994. Employee count not disclosed. | |||
| 1995-09-30 | restructuring | completed | 1995-08-01 | Las Vegas, Nevada | MGM Grand Hotel | USD 5,900 (thousands) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Plan announced August 1, 1995 to reduce costs and improve efficiency at the MGM Grand Hotel; one-time third-quarter charge of approximately $5.9 million. No employee count disclosed. | |||
| 1995-09-30 | restructuring | in_progress | 1995-08-01 | Las Vegas, Nevada, United States | MGM Grand Hotel | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Comprehensive restructuring to reduce costs and improve efficiency at the MGM Grand Hotel; one-time charge of approximately $5.9 million in Q3 1995. No employee count, severance detail, or completion date disclosed. | |||
| 1995-09-30 | acquisition_addition | completed | 1995-09-07 | 1995-09-07 | Darwin, Australia | MGM Grand Australia (hotel/casino resort) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Diamond Beach Hotel and Casino completed 1995-09-07 for approximately $74.172 million; results consolidated from acquisition date. Headcount added not disclosed. | |||
| 1995-09-30 | restructuring | completed | 1995-08-01 | Las Vegas, Nevada | MGM Grand Hotel | USD 5,942 (thousands) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Comprehensive restructuring plan to reduce costs and improve efficiency; one-time charge of approx $5.9M recorded in Q3 1995. |