MGM and Mandalay Bay Merger Is One Step Closer to Reality; Will Become One of the World’s Largest Hotel/Convention Center Conglomerates

RENEE DIIULIO, SENIOR EDITOR
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Following the acquisition, MGM Mirage will own the nation’s largest hotel exhibition center — the  Mandalay Bay Resort & Casino  which offers  934,731 square feet of prime exhibit space. Mandalay Bay is also the ninth largest exhibition facility in the U.S., according to Trade Show Executive magazine’s Directory of the World’s Top Convention Centers.

MGM Mirage will also own and operate 28 properties throughout Nevada, Mississippi, Illinois, Michigan and New Jersey.  The company’s Las Vegas holdings alone will include Bellagio, MGM Grand Las Vegas, The Mirage, Mandalay Bay Resort & Casino, Luxor, Excalibur, New York-New York, Treasure Island and a 50% interest in the Monte Carlo Resort & Casino in Las Vegas — giving the company a combined total of over 1.1 million square feet of exhibit space and the capability to host exhibitions of practically every size and kind.

Before being finalized, the transaction must satisfy customary closing conditions, which include all regulatory and governmental approvals.

Reach Glenn Schaeffer, President, CFO and Treasurer at (702) 632-6820.

See also “The Vault,” June 17, at www.tradeshowexecutive.com.