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Operator Good afternoon, and welcome to the MGM Resorts International second-quarter 2021 earnings conference call. Joining the call from the company today are Bill Hornbuckle, chief executive officer and president; Corey Sanders, chief operating officer; Jonathan Halkyard, chief financial officer; Hubert Wang; president and chief operating officer of MGM China; and Cathy Park, executive director of investor relations. [Operator instructions] Please note, this conference is being recorded. Now, I would like to turn the call over to Cathy Park. Please go ahead. Executive Director of Investor relations Thanks, Chad. This call is being broadcast live on the internet at investors.mgmresorts.com, and we have also furnished our press release on Form 8-K to the SEC. On this call, we will make forward-looking statements under the safe harbor provisions of the federal securities laws. Actual results may differ materially from those contemplated in these statements. ....
MGM Resorts International announces leadership changes eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
MGM Resorts closing Empire City Casino New York eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
MGM Resorts International will recognize Earth Hour 2017 eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
Both transactions are expected to close in the third quarter. The closing of the Infinity World transaction is not contingent on the closing of the transaction with Blackstone, MGM said. Following the Blackstone acquisition, MGM Resorts will pay Blackstone $215 million per year in rent and continue to operate the hotels. Blackstone owns stakes in the real estate of other MGM hotels in Las Vegas. In 2020, Blackstone acquired nearly 50% of the Mandalay Bay and MGM Grand real estate. In 2019, Blackstone acquired 95% of the Bellagio real estate. In each of those deals, MGM Resorts pays rent and operates the hotels. Blackstone also owns the Cosmopolitan of Las Vegas. ....