M&A Deal Summary

MGM Resorts Acquires Mandalay Resort Group

On April 25, 2005, MGM Resorts acquired leisure company Mandalay Resort Group for 7.9B USD

Acquisition Highlights
  • This is MGM Resorts’ 1st transaction in the Leisure sector.
  • This is MGM Resorts’ largest (disclosed) transaction.
  • This is MGM Resorts’ 1st transaction in the United States.
  • This is MGM Resorts’ 1st transaction in Nevada.

M&A Deal Summary
Date 2005-04-25
Target Mandalay Resort Group
Sector Leisure
Buyer(s) MGM Resorts
Deal Type Add-on Acquisition
Deal Value 7.9B USD
Advisor(s) Westbury Group LLC (Financial)

Target

Mandalay Resort Group

Las Vegas, Nevada, United States
MGM Resorts International. Mandalay Resort Group operates hotel and casino facilities in the United States.

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Buyer(S) 1

Buyer

MGM Resorts

Las Vegas, Nevada, United States
Category Company
Founded 1986
Sector Leisure
Employees58,000
Revenue 16.2B USD (2023)
DESCRIPTION

MGM Resorts owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts was founded in 1986 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 1 of 4
Sector (Leisure) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Nevada) 1 of 2
Country (United States) 1 of 3
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Marina District Development

Atlantic City, New Jersey, United States

Marina District Development Co. LLC ( Borgata Hotel Casino & Spa) is an owns and operator of casino and spa.

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Mergr

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