MGM Resorts (MGM)

Company ID: 295 | CIK: 0000789570
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

Business Unit / Product Segments

Major Customers (% of Revenue)

No major-customer concentration data found.

Operational KPIs

Average Daily Rate (adr)

Gaming Tables (capacity)

Headcount (headcount)

Occupancy Rate (occupancy)

Adjusted EBITDA margin (other)

Adjusted EBITDAR uplift (other)

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Adjusted Property EBITDA margin (other)

Adjusted Property EBITDAR margin (other)

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Allowance Percentage (other)

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Allowance for Doubtful Casino Accounts (other)

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Allowance for doubtful casino accounts (other)

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Atlantic City slot machines (other)

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Atlantic City table games (other)

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Available borrowing capacity (other)

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Available liquidity (other)

Available rooms growth (other)

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Baccarat volume change (other)

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Cash and cash equivalents (other)

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Casino Accounts Receivable (other)

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Casino Receivables (other)

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Casino Revenues (other)

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Casino accounts over 180 days (other)

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Casino accounts receivable (other)

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Casino revenue (other)

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Casino revenue growth (other)

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CityCenter table games hold (other)

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Common Stock Outstanding (other)

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Common Stock Shares Outstanding (other)

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Common Stock outstanding (other)

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Common shares outstanding (other)

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Common stock outstanding (other)

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Covenant EBITDA (other)

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Detroit taxable gaming revenue (other)

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Developable acres (other)

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Dividends declared per share (other)

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Entertainment revenue growth (other)

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Fixed rate borrowings share (other)

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Fixed-rate borrowings share (other)

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Fixed-rate debt mix (other)

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Fixed-rate share of borrowings (other)

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Fixed-to-floating debt ratio (other)

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Food and beverage revenue growth (other)

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Gaming Slots (other)

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Gaming Tables (other)

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Gaming slots (other)

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Gaming tables (other)

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Gaming tables in service (other)

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Gaming volume growth (other)

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Gross casino revenue growth (other)

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Gross gaming revenue growth (other)

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Group room nights change (other)

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Interest coverage ratio (other)

Land holdings (other)

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Land on Las Vegas Strip (other)

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Las Vegas Strip REVPAR growth (other)

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Las Vegas Strip Slot Handle (other)

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Las Vegas Strip Slot Win (other)

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Las Vegas Strip Slot Win % (other)

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Las Vegas Strip Table Games Drop (other)

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Las Vegas Strip Table Games Win (other)

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Las Vegas Strip gaming revenue growth (other)

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Las Vegas Strip land holdings (other)

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Las Vegas guestroom market share (other)

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Las Vegas guestroom share (other)

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Las Vegas hotel rooms (other)

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Las Vegas market share (other)

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Las Vegas market share of guestrooms (other)

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Las Vegas visitation growth (other)

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Las Vegas visitor growth (other)

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Las Vegas visitor volume (other)

Las Vegas visitor volume change (other)

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Las Vegas visitor volume growth (other)

Leverage ratio (other)

Loss Reserve % (other)

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Loss Reserve for Casino Receivables (other)

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MGM China Main Floor Table Games Drop (other)

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MGM China Main Floor Table Games Win (other)

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MGM China Main Floor Table Games Win % (other)

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MGM China VIP table games hold (other)

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MGM China VIP turnover change (other)

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MGM Cotai planned gaming tables (other)

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MGM Cotai planned slot machines (other)

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MGM Macau VIP table games hold (other)

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MGM Macau main floor table games hold (other)

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MGM Macau slots hold percentage (other)

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Macau GGR growth (other)

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Macau gross gaming revenue growth (other)

Macau visitor arrivals (other)

Macau visitor arrivals change (other)

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Macau visitor arrivals growth (other)

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Main Floor Table Games Drop (other)

Main Floor Table Games Win (other)

Main Floor Table Games Win % (other)

Main floor drop growth (other)

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Main floor hold percentage (other)

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Main floor table games drop (other)

Main floor table games drop change (other)

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Main floor table games drop growth (other)

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Main floor table games hold (other)

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Main floor table games hold percentage (other)

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Main floor table games volume growth (other)

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Main floor table games win (other)

Main floor table games win % (other)

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Main floor table games win pct (other)

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Main floor table games win percentage (other)

Main floor table games win rate (other)

Main floor volume change (other)

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Main floor volume growth (other)

Market casino revenue growth (other)

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Median Age of Receivables (other)

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Net revenue growth (other)

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Non-gaming revenue share (other)

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Number Of Reportable Segments (other)

Number of Reportable Segments (other)

Number of reportable segments (other)

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Overnight visitors growth (other)

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Profit Growth Plan benefit (other)

Profit Growth Plan target (other)

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Property acreage (other)

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REVPAR growth (other)

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Receivables Over 180 Days (other)

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Record holders of common stock (other)

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Regional Operations Slot Handle (other)

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Regional Operations Slot Win (other)

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Regional Operations Slot Win % (other)

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Regional Operations Table Games Drop (other)

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Regional Operations Table Games Win (other)

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Regional Operations Table Games Win % (other)

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Room Revenues (other)

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Room revenue growth (other)

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Rooms revenue growth (other)

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Same-store Adjusted Property EBITDA margin (other)

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Same-store EBITDA margin (other)

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Same-store RevPAR growth (other)

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Same-store casino revenue growth (other)

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Same-store rooms revenue growth (other)

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Same-store slots revenue growth (other)

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Same-store table games hold (other)

Same-store table games volume change (other)

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Same-store table games volume growth (other)

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Senior leverage ratio (other)

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Share of Las Vegas guestrooms (other)

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Share of Las Vegas rooms (other)

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Shares Outstanding (other)

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Shares outstanding (other)

Shares repurchased (other)

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Shelf registration capacity (other)

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Site acreage (other)

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Slot Handle (other)

Slot Hold % (other)

Slot Machines (other)

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Slot Win (other)

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Slot Win % (other)

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Slot Win Percentage (other)

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Slot and electronic gaming machines (other)

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Slot handle (other)

Slot hold percentage (other)

Slot machines (other)

Slot machines in service (other)

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Slot revenue growth (other)

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Slot win (other)

Slot win % (other)

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Slot win percentage (other)

Slot win rate (other)

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Slots Handle (other)

Slots Hold % (other)

Slots Win (other)

Slots Win % (other)

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Slots handle (other)

Slots hold pct (other)

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Slots hold percentage (other)

Slots hold rate (other)

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Slots revenue change (other)

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Slots volume change (other)

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Slots volume growth (other)

Slots win (other)

Slots win % (other)

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Slots win pct (other)

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Slots win percentage (other)

Special events center capacity (other)

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Stock options exercised (other)

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Stock record holders (other)

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Stock repurchase program remaining (other)

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Strip REVPAR growth (other)

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Strip RevPAR growth (other)

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Strip gaming revenue growth (other)

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Table Games (other)

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Table Games Drop (other)

Table Games Hold Percentage (other)

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Table Games Win (other)

Table Games Win % (other)

Table Games Win Percentage (other)

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Table game revenue growth (other)

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Table games (other)

Table games drop (other)

Table games hold (other)

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Table games hold percentage (other)

Table games volume change (other)

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Table games volume growth (other)

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Table games win (other)

Table games win % (other)

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Table games win pct (other)

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Table games win percentage (other)

Table games win rate (other)

Total Gaming Tables (other)

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Total Slots (other)

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Total indebtedness (other)

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Tracinda ownership (other)

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Trailing EBITDA per credit facility (other)

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Trailing four-quarter EBITDA (other)

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VIP Table Games Turnover (other)

VIP Table Games Win (other)

VIP Table Games Win % (other)

VIP chip turnover growth (other)

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VIP gaming hold percentage (other)

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VIP hold percentage (other)

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VIP table games hold (other)

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VIP table games hold percentage (other)

VIP table games turnover (other)

VIP table games turnover change (other)

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VIP table games turnover growth (other)

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VIP table games win (other)

VIP table games win % (other)

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VIP table games win pct (other)

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VIP table games win percentage (other)

VIP table games win rate (other)

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VIP turnover change (other)

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VIP turnover growth (other)

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Variable rate borrowings (other)

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Variable rate borrowings share (other)

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Visitor arrivals (other)

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Visitor arrivals change (other)

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Visitor arrivals growth (other)

Visitor volume change (other)

Visitor volume growth (other)

Weighted average interest rate (other)

No 10-Q data

us-gaap:NumberOfReportableSegments (other)

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Macau visitor arrivals (passengers)

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Properties (properties)

RevPAR (revpar)

Bellagio Rooms (rooms)

Same-store sales growth (same_store_sales)

No 10-K data

Atlantic City casino square footage (square_footage)

Retail outlets (stores)

No 10-Q data

Main floor table games win (transactions)

No 10-Q data
Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

No 10-Q data
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Demographics

No demographic data found.

Workforce Breakdowns

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HCM Metrics — Point-in-Time

No point-in-time HCM metrics found.

HCM Metrics — Flow (Annual / YTD)

No flow HCM metrics found.

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-30divestiture_reductioncompleted2025-10-152026-04-21United States (Northfield, Ohio)Regional Operationsother
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.
2026-03-31divestiture_reductioncompleted2026-04-30United States (Northfield, Ohio)Regional Operationsother
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.
2025-12-31divestiture_reductionin_progress2025-102026-06-30United States — Northfield, OhioRegional OperationsMD&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.
2023-12-31divestiture_reductioncompleted2023-02-152023-02-15United States (Tunica, Mississippi)Regional Operationsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Gold Strike Tunica operations completed Feb 15, 2023; headcount impact not quantified.
2023-12-31acquisition_additioncompleted2023-08-312023-08-31International (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.
2023-12-31othercompleted2023-09-012023-09-30United StatesDomestic 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.
2023-03-31divestiture_reductioncompleted2022-06-092023-02-15United States (Tunica, Mississippi)Regional Operationsother
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.
2022-12-31acquisition_additioncompleted2022-05-172022-05-17United States — Las Vegas, NevadaLas Vegas Strip Resortsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Operations acquired for approximately $1.7 billion total purchase price; headcount added not disclosed.
2022-12-31acquisition_additioncompleted2022-09-072022-09-22Sweden / Malta (global online gaming)Corporate and other — LeoVegasbusiness_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.
2022-12-31divestiture_reductioncompleted2022-12-192022-12-19United States — Las Vegas, NevadaLas Vegas Strip Resortsbusiness_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.
2022-12-31divestiture_reductioncompleted2023-02-152023-02-15United States — Tunica, MississippiRegional Operationssubsequent_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.
2022-12-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-09-30acquisition_additioncompleted2022-09-072022-09-22Sweden, 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.
2022-09-30acquisition_additioncompleted2022-05-172022-05-17Las Vegas, Nevada, United StatesLas Vegas Strip Resortsbusiness_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.
2022-09-30divestiture_reductionannounced2021-12-132022-12-31Las Vegas, Nevada, United StatesLas 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.
2022-09-30divestiture_reductionannounced2022-06-092023-03-31Tunica, Mississippi, United StatesRegional 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.
2021-12-31acquisition_additioncompleted2021-06-302021-09-27United States (Las Vegas Strip)Las Vegas Strip Resortsbusiness_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.
2021-12-31acquisition_additionannounced2021-09-262022-06-30United States (Las Vegas Strip)Las Vegas Strip Resortssubsequent_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).
2021-12-31divestiture_reductionannounced2021-12-132022-12-13United States (Las Vegas Strip)Las Vegas Strip Resortssubsequent_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.
2021-12-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-09-30acquisition_additioncompleted2021-09-272021-09-27United States (Las Vegas, Nevada)Las Vegas Strip Resortsbusiness_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.
2021-09-30acquisition_additionannounced2021-09-262022-06-30United States (Las Vegas, Nevada)Las Vegas Strip Resortsother
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.
2021-09-30divestiture_reductionannounced2021-08-042022-06-30United StatesCorporate / Real Estateother
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.
2021-09-30divestiture_reductioncompleted2021-10-292021-10-29United States (Springfield, Massachusetts)Regional Operationsother
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.
2021-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-06-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-31layoffin_progress5,000United States (domestic operations)Full-time employeesItem_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.
2020-12-31layoffin_progress6,000United States (domestic operations)Part-time employeesItem_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.
2020-12-31restructuringin_progressUnited States (domestic operations)Corporate and property operationsUSD 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.
2020-12-31restructuringcompleted2020-01-012020-12-31GlobalCorporate and OperationsUSD 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.
2020-12-31layoffcompleted11,0002020-03-012020-12-31DomesticAllItem_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.
2020-12-31restructuringin_progressUSD 26,025,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-30layoffin_progressUnited States and MacauAll segmentsMD&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.
2020-09-30layoffin_progress2020-03-01United States (domestic properties)All domestic operationsMD&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.
2020-09-30otherin_progress2020-03-01United StatesSenior executives and directorsMD&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.
2020-09-30othercompleted2020-01-01United StatesCorporateUSD 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.
2020-09-30restructuringin_progress2020-01-01United StatesCorporate and operationsUSD 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.
2020-09-30restructuringin_progressDomestic propertiesCorporate and OperationsUSD 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.
2020-09-30layoffcompletedDomestic propertiesAll functionsRisk 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.
2020-09-30restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-30restructuringin_progressUnited StatesCorporate and otherUSD 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.
2020-06-30restructuringin_progressUnited StatesCorporate / MultipleUSD 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.
2020-06-30layoffin_progressUnited StatesAll domestic propertiesMD&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.
2020-06-30othercompletedUnited StatesExecutiveUSD 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.
2020-06-30restructuringin_progressGlobalCorporate and OperationsUSD 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.
2020-06-30restructuringin_progressUSD 19,882,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-31layoffin_progressUnited StatesAll domestic propertiesMD&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.
2020-03-31restructuringin_progressUnited StatesCorporate and domestic propertiesMD&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.
2020-03-31othercompleted2020-04-102020-12-31United StatesSenior executives and directorsMD&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.
2020-03-31layoffin_progressUnited StatesDomestic 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.
2020-03-31otherannounced2020-12-31United StatesSenior executives and directorsMD&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.
2020-03-31restructuringin_progress2020-03-17Domestic propertiesAll segmentsMD&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.
2020-03-31othercompleted2020-03-31CorporateSenior executives and directorsMD&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.
2020-03-31restructuringin_progressUSD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-31restructuringin_progress2019-01-01United StatesCorporate 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.
2019-12-31acquisition_additioncompleted2019-01-292019-01-29United States (Yonkers, New York)Regional Operationsbusiness_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.
2019-12-31acquisition_additioncompleted2019-04-012019-04-01United States (Northfield Park, Ohio)Regional Operationsbusiness_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.
2019-12-31divestiture_reductioncompleted2019-12-012019-12-31United States (Las Vegas, Nevada)Las Vegas Strip Resortsrestructuring_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.
2019-12-31restructuringcompleted2019-01-012019-12-31GlobalCorporate and OperationsUSD 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.
2019-12-31restructuringin_progressUSD 92,139,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-09-30restructuringin_progress2019-01-012021-12-31Company-wide operating model changesUSD 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.
2019-09-30restructuringin_progress2019-01United StatesCompany-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.
2019-09-30restructuringin_progress2019-01-012021-12-31GlobalCorporate and Operating ModelUSD 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.
2019-09-30restructuringin_progressUSD 2,491,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progress2019-01-012021-12-31Company-wide operating model changesUSD 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.
2019-06-30restructuringin_progress2019-01-012021-12-31Company-wide operating model changesUSD 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.
2019-06-30restructuringin_progress2019-01GlobalCompany-wideUSD 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.
2019-06-30restructuringin_progressCorporateUSD 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.
2019-06-30restructuringin_progressCorporateUSD 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.
2019-06-30restructuringin_progressUSD 42,990,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progress2019-01-012021-12-31Company-wide operating model componentUSD 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.
2019-03-31acquisition_additioncompleted2019-01-292019-01-29Yonkers, New YorkRegional Operations — Empire CityUSD 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.
2019-03-31restructuringin_progress2019-01-01United StatesCompany-wideUSD 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.
2019-03-31acquisition_additioncompleted2019-01-292019-01-29United StatesRegional Operationsbusiness_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.
2019-03-31restructuringin_progressCorporateUSD 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.
2019-03-31restructuringin_progressUSD 41,098,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-31acquisition_additioncompleted1,0002019-01-292019-01-29United States — New YorkEmpire 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.
2018-12-31acquisition_additioncompleted2018-07-062018-07-06United States — OhioNorthfield (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.
2018-12-31acquisition_additioncompleted2018-08-242018-08-24United States — MassachusettsMGM 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.
2018-12-31acquisition_additioncompleted2018-02-132018-02-13Macau 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.
2018-12-31divestiture_reductioncompleted2018-08-012018-08-01United States — IllinoisGrand 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.
2018-12-31divestiture_reductioncompleted2018-08-302018-08-30United States — NevadaMandarin 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.
2018-12-31otherannounced2019-01-01United StatesCompany-wideMD&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.
2018-12-31acquisition_additioncompleted1,0002019-01-012019-01-01New YorkRegional OperationsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquired operations in New York in January 2019 employing approximately 1,000 employees.
2018-12-31acquisition_additionannounced2018-07-012019-06-30OhioRegional OperationsItem_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.
2018-09-30acquisition_additioncompleted2018-07-062018-07-06United States (Ohio)MGP / Domestic resortsbusiness_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.
2018-09-30acquisition_additionannounced2018-05-282019-03-31United States (New York)Domestic resortsbusiness_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.
2018-09-30divestiture_reductioncompleted2018-08-072018-08-07United 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.
2018-09-30divestiture_reductioncompleted2018-08-302018-08-30United 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.
2016-09-30acquisition_additioncompleted2016-08-012016-08-01United States (Atlantic City, New Jersey)Domestic resortsbusiness_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.
2016-06-30acquisition_additioncompleted2016-052016-08-01Atlantic City, New Jersey, United StatesDomestic resortssubsequent_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.
2016-06-30plant_closurecompleted2016-04-30Las Vegas, Nevada, United StatesCityCenter (50% owned unconsolidated affiliate) — entertainmentMD&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.
2015-12-31divestiture_reductioncompleted2015-04-012015-04-01United States (Nevada)Wholly owned domestic resortsother
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.
2015-12-31divestiture_reductioncompleted2015-04-302015-04-30United States (Nevada)Wholly owned domestic resortsother
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.
2015-12-31divestiture_reductioncompleted2015-11-232015-11-23United States (Nevada)Wholly owned domestic resorts / unconsolidated affiliatesother
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.
2015-12-31otherin_progress2015-08-012017-12-31GlobalCompany-wideMD&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).
2014-12-31divestiture_reductionannounced2014-09-302015-12-31United States — Henderson, NevadaWholly 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.
2014-12-31divestiture_reductionannounced2014-10-312015-12-31United States — Jean, NevadaWholly 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.
2014-12-31otherin_progress4,3002014-12-31United States — Las Vegas, NevadaMGM 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.
2014-09-30divestiture_reductionannounced2014-09-30Henderson, NevadaWholly owned domestic resortsUSD 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.
2014-09-30divestiture_reductionannounced2014-10-31Jean, NevadaWholly owned domestic resortsother
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.
2013-09-30otherin_progress30,0002013-05-31Las Vegas, Nevada (primarily)Union employeesother
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.
2013-06-30otherin_progress30,000Las Vegas, NevadaWholly owned domestic resortsother
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.
2013-06-30otherin_progress30,0002013-05-31United States (primarily Las Vegas, Nevada)Wholly owned domestic resortsother
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.
2011-12-31acquisition_additioncompleted2011-06-032011-06-03Macau S.A.R.MGM Chinabusiness_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.
2011-12-31othercompleted2,3002011-112011-11United States — Detroit, MichiganMGM Grand DetroitItem_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.
2011-06-30acquisition_additioncompleted2011-06-032011-06-03MacauMGM Chinabusiness_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.
2011-06-30plant_closurecompleted2011-05-022011-05-18Tunica, Mississippi, United StatesGold Strike TunicaUSD 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.
2011-03-31plant_closurein_progress2011-05-02Tunica, MississippiGold Strike Tunica casino resortMD&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.
2011-03-31plant_closureannounced2011-05-02Tunica, Mississippi, United StatesGold Strike Tunica casino resortMD&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.
2009-12-31otherin_progressUnited States (primarily Las Vegas, Nevada resorts)Salaried management and resort operationsMD&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.
2009-12-31divestiture_reductioncompleted2008-122009-03-20Las Vegas, Nevada, United StatesTreasure 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.
2009-12-31otherin_progress4,000Las Vegas, Nevada, United StatesMGM Grand Las Vegas — union bargaining unitItem_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.
2009-09-30reduction_in_forcein_progressUnited StatesSalaried management positions across resortsMD&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.
2009-09-30divestiture_reductioncompleted2009-03-202009-03-20Las Vegas, NevadaTreasure Island (TI) casino resortUSD 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.
2009-09-30othercompleted2009-09-302009-09-30ConnecticutUnity Gaming, LLC joint venture with Mashantucket Pequot Tribal Nationother
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.
2009-09-30restructuringin_progressUnited StatesCorporate / Resort operationsUSD 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.
2009-09-30divestiture_reductioncompleted2009-03-202009-03-20United States — Las Vegas, NevadaTreasure Island resort operationsother
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.
2009-06-30reduction_in_forcein_progressUnited StatesSalaried management positions across resortsMD&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.
2009-06-30otherin_progressUnited StatesSalaried managementMD&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
2009-06-30othercompletedUnited StatesPrimary union workforceMD&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
2009-03-31restructuringcompletedLas Vegas, NevadaSalaried management positions across resortsMD&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.
2009-03-31divestiture_reductioncompleted2009-03-20Las Vegas, NevadaTreasure Island (TI) casino resortUSD 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.
2009-03-31restructuringin_progressUnited StatesCorporate / resortsUSD 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.
2009-03-31reduction_in_forcein_progressUnited StatesSalaried managementMD&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.
2009-03-31restructuringcompletedUSD 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.
2008-12-31restructuringin_progressUnited StatesCorporate and resort operations — salaried managementUSD 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.
2008-12-31divestiture_reductionannounced2008-122009-03-31Las Vegas, NevadaTreasure 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.
2008-12-31otherin_progress4,0002008-12-31Las Vegas, NevadaMGM Grand Las VegasItem_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.
2008-12-31othercompleted2008-12-31Las Vegas, NevadaCorporateUSD 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.
2008-09-30restructuringin_progressLas Vegas, NevadaLas Vegas Strip resortsMD&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.
2008-06-30reduction_in_forcecompletedUnited StatesSalaried management positionsMD&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.
2008-06-30reduction_in_forcecompleted400United StatesSalaried managementMD&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.
2008-06-30plant_closurecompleted2008-06-302008-07-31United StatesGold Strike (Jean, Nevada) and Nevada Landing joint ventureother
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.
2008-06-30restructuringcompleted400Salaried managementMD&A
f5-10q / Qwen3.6-27B-Q8_0
Reduced salaried management positions by over 400 during the quarter.
2008-03-31reduction_in_forceannounced4002008-04Salaried management positionsMD&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').
2008-03-31reduction_in_forceannounced4002008-04-30United StatesSalaried managementMD&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.
2008-03-31restructuringin_progressUSD 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.
2008-03-31restructuringcompletedUSD 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.
2007-12-31plant_closurecompleted2007-03-312007-03-31Jean, NevadaCasino resort operationsother
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.
2007-12-31divestiture_reductioncompleted2007-04-302007-04-30Primm, NevadaCasino 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.
2007-12-31divestiture_reductioncompleted2007-06-302007-06-30Laughlin, NevadaCasino 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.
2007-12-31othercompleted21,0002007-08-31Las Vegas Strip, NevadaLas Vegas Strip resort employeesItem_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.
2007-12-31othercompleted2,9002007-10-31Detroit, MichiganMGM Grand DetroitItem_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%.
2007-09-30othercompleted21,0002007-08-31Las Vegas Strip, NevadaCasino resortsMD&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.
2007-09-30plant_closurecompleted2007-03-31Jean, NevadaNevada Landing casino resortMD&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.
2007-09-30divestiture_reductioncompleted2007-04-30Primm, NevadaPrimm 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.
2007-09-30divestiture_reductioncompleted2007-06-30Laughlin, NevadaLaughlin 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.
2007-09-30plant_closurecompleted2007-09-30Detroit, MichiganMGM Grand Detroit interim facilityMD&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.
2007-09-30othercompleted21,0002007-08Las Vegas, NevadaLas Vegas Strip resortsother
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.
2007-09-30plant_closurecompleted2007-09-30Detroit, MichiganMGM Grand DetroitMD&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.
2007-09-30divestiture_reductioncompleted2007-04Primm, NevadaPrimm 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.
2007-09-30divestiture_reductioncompleted2007-06Laughlin, NevadaColorado 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.
2007-09-30plant_closurecompleted2007-03Jean, NevadaNevada Landingother
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.
2007-06-30plant_closurecompleted2007-03-31Jean, NevadaCasino resort operationsMD&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.
2007-06-30divestiture_reductioncompleted2007-04-30Primm, NevadaCasino resort operationsUSD 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.
2007-06-30divestiture_reductioncompleted2007-06-30Laughlin, NevadaCasino resort operationsUSD 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.
2007-06-30otherin_progressLas Vegas Strip, NevadaCasino resort operationsMD&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.
2007-06-30plant_closurecompleted2007-022007-03Jean, NevadaNevada Landing casino resortother
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.
2007-06-30divestiture_reductioncompleted2007-04Primm, NevadaPrimm 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.
2007-06-30divestiture_reductioncompleted2007-06Laughlin, NevadaColorado Belle and Edgewaterother
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.
2007-06-30otherin_progress21,0002007-05-31Las Vegas, NevadaLas Vegas Strip operationsother
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.
2007-03-31plant_closurecompleted2007-02-012007-03-31Jean, NevadaCasino 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.
2007-03-31divestiture_reductioncompleted2006-10-012007-04-30Primm, NevadaCasino 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.
2007-03-31divestiture_reductionannounced2006-10-012007-06-30Laughlin, NevadaCasino 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.
2007-03-31divestiture_reductionannounced2007-02-01Jean, NevadaCasino 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.
2006-12-31divestiture_reductionin_progress2006-102007-06-30Primm, NevadaPrimm 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.
2006-12-31divestiture_reductionin_progress2006-102007-06-30Laughlin, NevadaLaughlin Properties — Colorado Belle and Edgewaterdiscontinued_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.
2006-12-31plant_closureannounced2007-022007-04-30Jean, NevadaJean Properties — Nevada Landing hotel-casinosubsequent_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.
2006-12-31restructuringcompletedUSD 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.
2006-03-31plant_closurecompleted2006-01-31Las Vegas, Nevada, United StatesCasino resort operationsMD&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.
2006-03-31plant_closurein_progress2005-08-312006-09-30Biloxi, Mississippi, United StatesCasino resort operationsMD&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.
2005-12-31acquisition_additioncompleted2004-06-152005-04-25United States (primarily Las Vegas, Nevada)Casino resort operationsbusiness_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.
2005-12-31plant_closurein_progress2005-082006-09-30Biloxi, Mississippi, United StatesBeau Rivage casino resortItem_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.
2005-12-31plant_closurecompleted2006-012006-01Las Vegas Strip, Nevada, United StatesBoardwalk casino resortother
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.
2005-12-31acquisition_additioncompleted26,0002005-04-252005-04-25GlobalAllItem_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.
2005-12-31restructuringcompleted2005-12-312005-12-31GlobalAllUSD -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.
2005-06-30acquisition_additioncompleted2005-04-252005-04-25United 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.
2005-06-30othercompletedUnited StatesCorporate / Human Resourcesbusiness_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.
2005-06-30restructuringcompletedUSD -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.
2005-06-30othercompleted2005-07ExecutiveUSD 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.
2004-12-31restructuringcompletedUnited States — Detroit, MichiganMGM Grand DetroitUSD 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.
2004-12-31restructuringcompletedUnited States — Las Vegas, NevadaBellagioUSD 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.
2004-12-31divestiture_reductioncompleted2003-06-012004-01-31United States — Las Vegas, NV and Laughlin, NVGolden Nugget Subsidiariesdiscontinued_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.
2004-12-31divestiture_reductioncompleted2004-02-012004-07-31AustraliaMGM Grand Australiadiscontinued_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.
2004-12-31acquisition_additionannounced2004-06-162005-03-31United States — Nevada, Mississippi, Illinois, MichiganMandalay Resort GroupUSD 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.
2004-12-31restructuringcompleted2004Detroit, MichiganMGM Grand DetroitUSD 2 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Workforce reduction costs to minimize impact of gaming tax increase in Michigan.
2004-12-31restructuringcompleted2004Las Vegas, NevadaBellagioUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Contract termination costs related to the Aqua restaurant.
2004-09-30restructuringin_progressUSD 2 (thousands)financial_statements
f5-10q / Qwen3.6-27B-Q8_0
Restructuring costs incurred for the three months ended September 30, 2004.
2004-09-30restructuringin_progressUSD 6 (thousands)financial_statements
f5-10q / Qwen3.6-27B-Q8_0
Restructuring costs incurred for the nine months ended September 30, 2004.
2004-06-30restructuringin_progressUSD 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.
2004-06-30restructuringin_progressUSD 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.
2003-12-31restructuringcompletedUnited StatesThe Mirage — entertainmentUSD 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.
2003-12-31restructuringcompletedUnited StatesCorporate / MGM Grand Las VegasUSD 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.
2003-12-31restructuringcompletedUnited StatesMultiple resorts — table games staffingUSD 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.
2003-12-31divestiture_reductioncompleted3,4002003-06-302004-01-31United StatesGolden Nugget Las Vegas and Golden Nugget Laughlindiscontinued_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.
2003-12-31divestiture_reductioncompleted2003-06-302003-06-30Isle of Man / InternationalPLAYMGMMIRAGE.com — online gamingdiscontinued_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.
2003-12-31divestiture_reductionannounced2004-02-282004-09-30AustraliaMGM Grand Australiasubsequent_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.
2003-12-31acquisition_additionannounced2004-01-312004-09-30United States / United KingdomWembley plc — greyhound tracks, VLTs, racingsubsequent_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.
2003-12-31restructuringcompleted2003-12-312003-12-31United StatesMarketing, Restaurant, EntertainmentUSD 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.
2003-09-30restructuringin_progressUnited States (several resorts)Table games operationsUSD 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.
2003-09-30divestiture_reductionin_progress2003-062004-03-31Las Vegas and Laughlin, NevadaGolden Nugget Las Vegas and Golden Nugget Laughlin resortsrestructuring_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).
2003-09-30othercompleted2003-062003-06-30Isle of Man (online operations)PLAYMGMMIRAGE.com online gaming websiteUSD 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.
2003-09-30restructuringcompleted2003-09-30Las VegasTable GamesUSD 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.
2003-06-30divestiture_reductionannounced2003-06-24Nevada (Las Vegas and Laughlin)Golden Nugget Las Vegas and Golden Nugget Laughlin resortsother
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.
2003-06-30plant_closurecompleted2003-06-30Isle of ManPLAYMGMMIRAGE.com online gaming websiteUSD 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.
2003-06-30divestiture_reductionannounced2003-06-242003-12-31United States (Las Vegas and Laughlin, Nevada)Golden Nugget Las Vegas and Golden Nugget Laughlin resortsother
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.
2003-06-30othercompleted2003-06-302003-06-30Isle of ManPLAYMGMMIRAGE.com online gaming operationsUSD 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.
2003-06-30restructuringin_progressUSD 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.
2003-06-30restructuringcompletedUSD 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.
2003-06-30restructuringcompletedUSD 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.
2003-03-31restructuringin_progressUSD 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.
2003-03-31plant_closurecompleted2003-01-312003-01-31United States — Las Vegas, NevadaMGM Grand Las Vegas — EFX! TheatreUSD 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.
2003-03-31restructuringcompletedLas VegasEntertainmentUSD 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.
2002-12-31restructuringcompleted2002-06-302002-12-31United States — NevadaResort operationsUSD -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.
2002-12-31restructuringcompleted2002-12-312002-12-31United StatesOtherUSD -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.
2002-12-31restructuringcompleted2002-12-312002-12-31United States — Las Vegas, NevadaMGM Grand Las Vegas — restaurant and EFX show operationsUSD 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.
2002-12-31restructuringcompleted6,7002001-09-112002-12-31Nevada and MississippiCorporate and OperationsUSD 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.
2002-12-31restructuringcompleted2002-12-312002-12-31Las VegasMGM Grand Las VegasUSD 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.
2002-09-30restructuringin_progress6,7002001-09Las Vegas and other resort locationsCompany-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.
2002-09-30othercompleted15,0002002-06Las VegasLas 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.
2002-09-30restructuringin_progress6,7002001-09-30United States (primarily Las Vegas, Nevada resorts)Resort operations; approximately 6,700 employees on a full-time equivalent basisUSD 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).
2002-09-30othercompleted15,0002002-06-01Las Vegas, NevadaLas Vegas resort employees covered by Culinary Union bargaining unitMD&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).
2002-09-30restructuringcompleted2001-09-30United StatesCorporate and OperationsUSD -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.
2002-09-30othercompleted15,0002002-06-01Las Vegas, NevadaResort OperationsMD&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.
2002-06-30restructuringin_progress6,700United StatesCompany-wideUSD 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
2002-06-30restructuringcompletedUnited StatesCompany-wideUSD -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
2002-06-30othercompleted15,0002002-06-01Las Vegas, NevadaLas Vegas resortsUSD 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
2002-06-30restructuringin_progress6,700USD 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.
2002-06-30othercompleted15,0002002-06-01Las Vegas, NevadaLas Vegas resort operationsMD&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.
2002-06-30restructuringin_progress6,7002001-09-11United StatesCorporate and OperationsUSD 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.
2001-12-31layoffcompleted6,4002001-09-30NevadaNevada operationsUSD 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).
2001-12-31layoffcompleted3152001-09-30Biloxi, Mississippi, United StatesBeau RivageMD&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.
2001-12-31restructuringcompleted2001-12-31United StatesNevada operationsUSD 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.
2001-12-31othercompleted2001-12-31Las Vegas, Nevada, United StatesBoardwalk Hotel and CasinoUSD 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.
2001-12-31divestiture_reductionannounced2002-06-30South AfricaMGM 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.
2001-12-31layoffcompleted6,4002001-09-112001-12-31NevadaNevada operationsUSD 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).
2001-12-31layoffcompleted3152001-09-112001-12-31MississippiBeau RivageMD&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.
2001-12-31restructuringcompleted2001-10-012001-12-31NevadaCorporate/OperationsUSD 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).
2001-09-30layoffcompleted6,4002001-09-30Company-wide; payroll reduction and marketing program refocusingUSD 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.
2001-09-30layoffcompleted6,400USD 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.
2001-09-30divestiture_reductionannounced2002-03-31South AfricaMGM Grand South Africa operationsother
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.
2001-09-30restructuringin_progress6,4002001-09-30United StatesGeneral and Administrative; Marketing; OperationsUSD 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.
2001-09-30restructuringcompleted1252000-04-01United StatesMarketing; Entertainment; Retail; Information Systems; Human ResourcesUSD 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.
2001-09-30restructuringcompleted702000-01-01United StatesGeneral and AdministrativeUSD 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.
2000-12-31restructuringcompleted702000-03-312000-03-31United StatesGeneral and administrative functions at New York-New York and MGM Grand Las VegasUSD 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.
2000-12-31restructuringcompleted1252000-06-302000-06-30United StatesMarketing, 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.
2000-12-31acquisition_additioncompleted2000-05-312000-05-31United StatesMirage 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.
2000-12-31restructuringcompleted1952000-01-012000-12-31United StatesGeneral and AdministrativeUSD 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.
2000-09-30restructuringcompleted702000-03-312000-03-31General and administrative functions at NYNY and MGM Grand Las VegasUSD 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.
2000-09-30restructuringin_progress1252000-06-30Duplicative functions in marketing, entertainment, retail, information systems and human resourcesUSD 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.
2000-09-30restructuringcompleted702000-03-312000-03-31United States — Las Vegas, NevadaGeneral and administrative functions at NYNY and MGM Grand Las VegasUSD 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.
2000-09-30restructuringin_progress1252000-05-31United States — Las Vegas, NevadaDuplicative functions in marketing, entertainment, retail, information systems and human resourcesUSD 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.
2000-09-30restructuringcompleted702000-03-312000-03-31United StatesGeneral and AdministrativeUSD 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.
2000-09-30restructuringin_progress1252000-06-30United StatesMarketing, Entertainment, Retail, Information Systems, Human ResourcesUSD 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.
2000-06-30restructuringcompleted702000-03-312000-03-31General and administrative functions at NYNY and MGM Grand Las VegasUSD 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.
2000-06-30restructuringcompleted1252000-06-302000-06-30Duplicative functions in marketing, entertainment, retail, information systems and human resourcesUSD 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.
2000-06-30restructuringcompleted702000-03-312000-03-31United StatesGeneral and administrative functions at NYNY and MGM Grand Las VegasUSD 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.
2000-06-30restructuringin_progress1252000-06-30United StatesMarketing, 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.
2000-06-30acquisition_additioncompleted2000-05-312000-05-31United 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 developmentbusiness_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.
2000-06-30restructuringin_progress702000-03-31United StatesGeneral and AdministrativeUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Consolidation of G&A functions at NYNY and MGM Grand Las Vegas.
2000-06-30restructuringin_progress1252000-06-30United StatesMarketing, Entertainment, Retail, Information Systems, Human ResourcesUSD 18 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Post-Mirage Acquisition restructuring; excludes Mirage Properties. Includes contract terminations and lease buyouts.
1999-12-31acquisition_additioncompleted1999-03-011999-03-01United 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 & CasinoItem_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.
1999-12-31acquisition_additionannounced2000-03-062000-12-31United States (Las Vegas, Nevada)Mirage Resorts, Incorporated — all operationssubsequent_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.
1999-12-31acquisition_additioncompleted1999-03-011999-03-01NevadaPrimadonna 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.
1999-06-30acquisition_additioncompleted1999-03-011999-03-01United 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.
1999-03-31acquisition_additioncompleted1999-03-011999-03-01United 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.
1998-12-31acquisition_additioncompleted3,3901998-12-021999-03-01Primm, Nevada and CaliforniaHospitality/Gamingsubsequent_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
1997-12-31restructuringcompleted1995-08-01MGM Grand Las VegasUSD 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.
1996-12-31restructuringcompleted1995-08-01Las Vegas, NevadaMGM Grand Las VegasUSD 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.
1996-06-30otherannounced8,2791996-05-071997-05-07Las Vegas, NevadaAll employeesUSD 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.
1995-12-31restructuringcompleted1995-08-01United States — Las Vegas, NevadaMGM Grand Las Vegas operationsUSD 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.
1995-12-31acquisition_additioncompleted6001995-09-071995-09-07Australia — Darwin, Northern TerritoryMGM Grand Diamond Beach Hotel and Casinobusiness_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.
1995-12-31acquisition_additioncompleted6001995-09-071995-09-07AustraliaMGM Grand AustraliaItem_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.
1995-12-31divestiture_reductioncompleted1994-12-311994-12-31United StatesMGM Grand AirItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
MGM Grand Air was sold on December 31, 1994. Employee count not disclosed.
1995-09-30restructuringcompleted1995-08-01Las Vegas, NevadaMGM Grand HotelUSD 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.
1995-09-30restructuringin_progress1995-08-01Las Vegas, Nevada, United StatesMGM Grand HotelUSD 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.
1995-09-30acquisition_additioncompleted1995-09-071995-09-07Darwin, AustraliaMGM 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.
1995-09-30restructuringcompleted1995-08-01Las Vegas, NevadaMGM Grand HotelUSD 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.