MGM Resorts International (NYSE:MGM) New Plan Includes Open-Air Dining & Entertainment Section


Dallas, Texas 04/29/2014 (FINANCIALSTRENDS) – MGM Resorts International (NYSE:MGM) announced yesterday grand plans for its next generation entertainment and theme park which would offer its visitors a whole some amusement park, entertainment and fine  dining experiences. This new integrated property would be coming up on the west side of the famed Strip and would incorporate features that would make it more easily accessible to citizens and display all the user friendliness and ease of use generally offered by a neighbourhood park.

The proposed park plan by MGM Resorts International (NYSE:MGM) envisions linking its New York and Monte Carlo resorts and would eventually be seamlessly connected to the Las Vegas themed 20,000 capacity park which is being jointly built by MGM Resorts International (NYSE:MGM) and AEG. The plan unveiling comes on the back of a slow and steady shift that is occurring in the New York and Monte Carlo region with respect to usage patterns among patrons who visit these theme parks. In order to meet the changing needs, the new plan has built in facilities like “casual eateries, bars, restaurants and retail destinations” into the overall park layout.

In a press interaction held to further explain the business drivers behind the new park project, MGM Resorts International (NYSE:MGM) Chairman of the Board and Chief Executive Officer James Joseph Murren     has been quoted to have said that, “ Beautiful public places are highlights of many of the world’s finest cities, and Las Vegas shouldn’t be the exception. The Park will be the first of its kind on the Las Vegas Strip and is an embodiment of MGM Resorts’ commitment to engaging guests through arts and innovation. To create this picturesque outdoor destination, we are developing a unique dining and entertainment district.”