secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001193125-22-308700
Event type: regulatory
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000119312522308700/0001193125-22-308700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000119312522308700/d434368d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-308700

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