Mashantucket Pequot Tribal Nation and MGM Resorts Agree to Discontinue Their Licensing Agreement at Foxwoods Resort Casino

MASHANTUCKET, Conn.--(BUSINESS WIRE)--

The Mashantucket Pequot Tribal Nation owners of Foxwoods Resort Casino announced today the conclusion of its partnership with MGM Resorts International MGM. There will be a six-month transition period for Foxwoods to generally cease of MGM Grand branding. Neither party expects a material impact due to the end of the agreement.

Foxwoods Resort Casino will continue to offer the same dynamic environment and deliver the same quality experience for guests, employees and partners that has made it one of the premier entertainment destinations in the Northeast. The renaming of the tower is part of an overall campaign to reinvigorate the brand that will include new developments, promotions and improvements to the property.

“Foxwoods Resort Casino is in the process of a dynamic transformation in which we're reinvesting millions of dollars back into the property including the renovation of the Grand Pequot Tower, complete an overhaul of the main concourse area and the addition of The Tanger Outlets at Foxwoods. When we looked at the master plan for the resort and our current opportunities, it was obvious that the iconic brand of Foxwoods needed to be at the forefront of our transformation” said Scott Butera, President & CEO, Foxwoods Resort Casino.

Foxwoods Resort Casino is the largest casino complex in North America and attracts millions of visitors each year. In addition to allowing the resort to rename the hotel in the grand tower, this new phase also provides the opportunity for Foxwoods to present its assets as it operates as a cohesive property after exceeding the initial goals of the licensing agreement agreed upon in 2006.

Foxwoods Resort Casino offers a vast array of gaming in six casinos; AAA Four-Diamond hotels, restaurants from gourmet to express, world-renowned spas and awarding-winning golf. Foxwoods is a compelling location for top-tier restaurants, entertainers and retail partners and has proven strong brand recognition in the marketplace with the ability to attract and retain exclusive retailers. Last month Foxwoods broke ground on the new Tanger Factory Outlet Centers. Once complete, the Tanger Outlets Center will feature over 300,000 square feet of upscale branded and designer outlet retailers. Foxwoods has also reintroduced the newly renovated Grand Pequot Tower with upgraded suites and personalized services

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 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).

About MGM Resorts International MGM MGM Resorts International 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.