Diaoyutai MGM Hospitality and Suning Real Estate Announce Shanghai Bund Project

MGM Resorts International

announced today that its joint venture, Diaoyutai MGM Hospitality Limited, has entered into an agreement with Suning Real Estate Group, a subsidiary of Suning Group, for the Suning Bellagio Shanghai Bund hotel as a part of a strategic relationship between the companies for the development of hotels within the People's Republic of China. Suning and MGM Resorts have held the signing ceremony in China.