---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-308700"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T02:10:18.827387+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MGM subsidiary secures 10-year Macau gaming concession through 2032; table capacity rises to 750

## Summary
- MGM Grand Paradise granted final 10-year concession from Jan 1, 2023 to Dec 31, 2032, replacing sub-concession.
- Authorized to operate 750 gaming tables (up from 552 currently) and 1,700 gaming machines.
- Special gaming tax remains 35% of gross gaming revenue; annual fixed premium MOP 30M (~$3.7M) plus variable fees.
- Mandatory investment of MOP 16.7B (~$2B), of which MOP 15B in non-gaming projects; bank guarantee of MOP 1B required.
- Additional investment triggered if market-wide GGR reaches MOP 180B in any year, with reduced percentages in later years.

## SEC filing metadata
- accession: 0001193125-22-308700
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000119312522308700/0001193125-22-308700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000119312522308700/d434368d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-308700
- JSON: https://secwatch.observer/filing/0001193125-22-308700.json
- Plain text: https://secwatch.observer/filing/0001193125-22-308700.txt

## Key facts
- Material Agreements
  MGM Resorts International entered into Concession Contract with Macau government valued at annual premium of MOP 30 million (approximately US$3.7 million) (effective 2022-12-16).
  - Action: entry
  - Counterparty: Macau government
  - Value: annual premium of MOP 30 million (approximately US$3.7 million)
  - Effective: 2022-12-16
  source text: entered into a 10-year gaming concession contract to operate games of chance or other games in casinos in Macau commencing on January 1, 2023 (the “Concession Contract”) through December 31, 2032.
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000119312522308700/0001193125-22-308700-index.htm

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