---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-308342"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:57:45.547910+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGM completes sale of Mirage to Hard Rock for $1.075B; annual lease rent reduced by $90M

## Summary
- Sold all equity interests of The Mirage Casino-Hotel to HR Nevada, LLC (Hard Rock) for $1.075B in cash, subject to customary adjustments.
- Amended master lease with VICI Properties to remove Mirage; annual rent reduced from $860M to $770M.
- Transaction closed on December 19, 2022; Mirage becomes indirect subsidiary of Seminole Hard Rock International.
- MGM's lease obligations reduced by $90M per year; remaining lease covers 13 facilities.

## SEC filing metadata
- accession: 0001193125-22-308342
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000119312522308342/0001193125-22-308342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000119312522308342/d424358d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-308342
- JSON: https://secwatch.observer/filing/0001193125-22-308342.json
- Plain text: https://secwatch.observer/filing/0001193125-22-308342.txt

## Key facts
- Material Agreements
  MGM Resorts International amended Lease Amendment with MGP Lessor, LLC valued at from $860 million to $770 million.
  - Action: amendment
  - Agreement: lease
  - Counterparty: MGP Lessor, LLC
  - Value: from $860 million to $770 million
  source text: In accordance with the terms of the Purchase Agreement, MGM Lessee, LLC (“ Tenant ”) and MGP Lessor, LLC, a subsidiary of VICI Properties Inc., terminated Tenant’s existing leasehold interest in The Mirage Hotel & Casino under the Amended and Restated Master Lease, dated as of April 29, 2022 (the “ Master Lease ”) pursuant to that certain First Amendment to the Master Lease dated as of the Closing Date (the “ Lease Amendment ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000119312522308342/0001193125-22-308342-index.htm

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