MGM extends Macau gaming sub-concession to Dec 31, 2022; pays MOP47M premium

MGM Resorts International

Macau sub-concession of MGM Grand Paradise extended from June 26, 2022 to Dec 31, 2022.
MGM Grand Paradise pays MOP47M (approx US$5.81M) to Macau government as extension premium.
Must provide bank guarantee of at least MOP880M (approx US$108.87M) within 3 months for labor debts.
MGM Cotai and MGM Macau casino areas will revert to Macau Government at end of extended period free of charge.
Tilak Mandadi, Chief Strategy, Innovation & Technology Officer, resigns effective July 15, 2022.

item 1.01 item 5.02 item 9.01

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Departed

Tilak Mandadi

Chief Strategy, Innovation and Technology Officer

MGM · MGM Resorts International

Effective: 2022-07-15
Filed: June 24, 2022, 7:59 PM ET

On June 20, 2022, Tilak Mandadi, the Company’s Chief Strategy, Innovation and Technology Officer resigned from the Company to pursue other opportunities.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tilak Mandadi resigned as Chief Strategy, Innovation and Technology Officer at MGM Resorts International.

Action: resigned
Role: Chief Strategy, Innovation and Technology Officer

Exact text from the filing

On June 20, 2022, Tilak Mandadi, the Company’s Chief Strategy, Innovation and Technology Officer resigned from the Company to pursue other opportunities.

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MGM Resorts International filing history →

Source: SEC EDGAR

accession 0000789570-22-000020

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