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TheStreet Open House

Mashantucket Pequot Tribal Nation And MGM Resorts Agree To Discontinue Their Licensing Agreement At Foxwoods Resort Casino

Stocks in this article: MGM

LAS VEGAS, Nev. and MASHANTUCKET, Conn., Oct. 25, 2013 /PRNewswire/ -- Today the Mashantucket Pequot Tribal Nation and MGM Resorts International (NYSE: MGM) announced the dissolution of their previous licensing agreement for the use of the MGM Grand brand at Foxwoods Resort Casino. The parties have agreed that there will be a six-month period for Foxwoods to transition from using the MGM Grand brand.   

About MGM Resorts International (NYSE: MGM) MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also owns 51% of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is in the process of developing a gaming resort in Cotai, and 50% of CityCenter in Las Vegas, which features ARIA resort and casino.  For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.

About Foxwoods (R) Resort Casino Foxwoods Resort Casino is one of the premier entertainment destinations in the Northeast. As the largest resort casino in North America, Foxwoods offers a vast array of gaming in six casinos; AAA Four-Diamond hotels, restaurants from gourmet to express, world-renowned spas, awarding-winning golf, state-of-the-art theaters, and exclusive retailers. Perfect for both recreation and business, Foxwoods provides modern and versatile convention and meeting space to infuse new life into any meeting or event. Foxwoods Resort Casino is owned and operated by the Mashantucket Pequot Tribal Nation. For a comprehensive look at Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit www.Foxwoods.com.

About the Mashantucket Pequot Tribal Nation The Mashantucket Pequots are a native Algonquin people in southeastern Connecticut who endured centuries of conflict and survive today on the oldest continuously occupied reservation in the U.S., dating to its establishment in 1666. As the first native people within the borders of the continental United States to suffer attempted genocidal massacre by Puritan Colonists in 1637, the Pequots and their repatriation is an unprecedented story of restoration exhibited in detail at the Tribe's world-class Museum and Research Center ( www.pequotmuseum.org).

SOURCE MGM Resorts International and Mashantucket Pequot Tribal Nation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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