---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-22-000020"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:27:23.268526+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000789570-22-000020
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957022000020/0000789570-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957022000020/mgm-20220620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-22-000020
- JSON: https://secwatch.observer/filing/0000789570-22-000020.json
- Plain text: https://secwatch.observer/filing/0000789570-22-000020.txt

## Key facts
- Executive change
  Tilak Mandadi resigned as Chief Strategy, Innovation and Technology Officer at MGM Resorts International.
  - Action: resigned
  - Role: Chief Strategy, Innovation and Technology Officer
  source text: On June 20, 2022, Tilak Mandadi, the Company’s Chief Strategy, Innovation and Technology Officer resigned from the Company to pursue other opportunities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000078957022000020/0000789570-22-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.