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MGM RESORTS INTERNATIONAL

(MGM)
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Delayed Nyse  -  04:00:01 2023-01-27 pm EST
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MGM Resorts : Joins World Observance of Earth Hour 2016

03/17/2016 | 04:34pm EST

Exterior lighting at Nevada and Mississippi resorts will dim in a global recognition of climate change

Las Vegas, March 17, 2016 - In honor of Earth Hour, MGM Resorts International (NYSE: MGM) will dim the exterior lights at several of its resorts, joining the global effort to raise awareness of climate change.

Exterior lighting, rooftop signage, marquees and front features at the company's major Las Vegas resorts, Gold Strike Tunica, and Beau Rivage Resort and Casino in Biloxi, Miss., will be turned off on March 19 from 8:30 p.m. to 9:30 p.m. These iconic resorts will be joined by some world-famous landmarks, including the Eiffel Tower, Brandenburg Castle and The Acropolis of Athens. The event is one that companies, cities and conservationists use to demonstrate the need and commitment to save the planet.

'For MGM Resorts, Earth Hour is a one-hour observance of a year-round commitment,' said Cindy Ortega, MGM Resorts Senior Vice President and Chief Sustainability Officer. 'Our resorts work diligently to do more with less and unite in the same mission - to build a vibrant future in which our planet's limited resources are protected.'

This year marks the 10th anniversary of Earth Hour. The annual conservation awareness event was started by World Wildlife Fund in 2007 in Sydney, Australia with more than two million participants. Now, more than 162 countries and territories and millions of people around the world are engaged in this celebration.

MGM Resorts has saved more than 194 million kilowatt hours of energy in the past six years at its resorts, the equivalent to 23,000 homes annually.

In 2014, MGM Resorts joined the U.S. Energy Department's Better Buildings Challenge, a national pledge calling for organizations to voluntarily reduce their building portfolio energy use by 20 percent, by 2020. As part of this initiative, the company is currently undergoing a major lighting retrofit project to replace nearly 1.3 million individual light bulbs with state-of-the-art, ultra-efficient light-emitting diode (LED) lamps. The overall companywide LED project encompasses every public and back-of-house area at every company resort and is scheduled to be completed by 2018. For more information about MGM Resorts International's commitment to sustainability, please visit: www.mgmresorts.com/csr.

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

About EARTH HOUR
EARTH HOUR is organized by the World Wildlife Fund: http://www.earthhour.org/join-the-hour

SOURCE MGM RESORTS INTERNATIONAL

For further information: Sonya Padgett MGM Resorts International 1-702-692-6807 spadgett@mgmresorts.com

MGM Resorts International issued this content on 17 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 March 2016 21:33:42 UTC

Original Document: http://mgmresorts.investorroom.com/news-releases?item=1107


ę Publicnow 2016
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Financials (USD)
Sales 2022 12 865 M - -
Net income 2022 583 M - -
Net Debt 2022 2 636 M - -
P/E ratio 2022 32,2x
Yield 2022 0,03%
Capitalization 15 749 M 15 749 M -
EV / Sales 2022 1,43x
EV / Sales 2023 1,27x
Nbr of Employees 60 500
Free-Float 79,7%
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Number of Analysts 18
Last Close Price 41,01 $
Average target price 50,09 $
Spread / Average Target 22,2%
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William Joseph Hornbuckle President, Chief Executive Officer & Director
Jonathan S. Halkyard Chief Financial Officer & Treasurer
Paul Jude Salem Chairman
Corey I. Sanders Chief Operating Officer
Stephen Martino Chief Compliance Officer & Senior Vice President
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