0001193125-16-543746.txt : 20160418 0001193125-16-543746.hdr.sgml : 20160418 20160418060507 ACCESSION NUMBER: 0001193125-16-543746 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160415 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20160418 DATE AS OF CHANGE: 20160418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGM Resorts International CENTRAL INDEX KEY: 0000789570 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 880215232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10362 FILM NUMBER: 161575700 BUSINESS ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 702-693-7120 MAIL ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S. CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: MGM MIRAGE DATE OF NAME CHANGE: 20000823 FORMER COMPANY: FORMER CONFORMED NAME: MGM GRAND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GRAND NAME CO DATE OF NAME CHANGE: 19870713 8-K 1 d172175d8k.htm 8-K 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 15, 2016

 

 

MGM RESORTS INTERNATIONAL

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   001-10362   88-0215232

(State or other jurisdiction

of incorporation)

  

(Commission

file number)

  

(I.R.S. employer

identification no.)

3600 Las Vegas Boulevard South,

Las Vegas, Nevada

   89109
(Address of principal executive offices)   (Zip code)

(702) 693-7120

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 7.01 Regulation FD Disclosure.

In connection with the announced sale of The Shops at Crystals (“Crystals”) on April 15, 2016, information relating to CityCenter Holdings, LLC (“CityCenter”), which is 50% owned by a wholly owned subsidiary of MGM Resorts International (the “Company”) and 50% owned by Infinity World Development Corp (a wholly owned subsidiary of Dubai World) was inadvertently distributed by CityCenter’s administrative agent to certain lenders under CityCenter’s senior secured credit agreement and included certain unaudited financial information with respect to CityCenter’s fiscal quarter ended March 31, 2016. The information below is being furnished by the Company to satisfy any obligation it may have to disclose such information under Regulation FD.

For the first quarter of 2016 CityCenter reported net revenues of $301.5 million and a net loss of $59.7 million. CityCenter also reported an operating loss for the first quarter of 2016 of $27.1 million, which included $119.6 million in depreciation and amortization expense (including $61.5 million of accelerated depreciation associated with the scheduled April 2016 closure of the Zarkana theatre) and a $1.4 million gain on property transactions, net. As a result of the sale of Crystals, net revenue and operating loss excluded the results of operations of Crystals that are presented as discontinued operations.

The information furnished under Item 7.01 is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.

 

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 18, 2016

 

MGM Resorts International
By:  

/s/ Andrew Hagopian III

Name:   Andrew Hagopian III
Title:   Senior Vice President, Assistant General Counsel & Assistant Secretary