{"id":247422,"date":"2022-12-09T17:07:43","date_gmt":"2022-12-09T23:07:43","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=247422"},"modified":"2022-12-09T17:36:31","modified_gmt":"2022-12-09T23:36:31","slug":"mgm-china-strikes-new-trademark-deal-with-mgm-resorts","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/","title":{"rendered":"MGM China Paying MGM Resorts up to $173M for Trademarks"},"content":{"rendered":"

MGM China announced it will pay as much as $173.2 million over three years commencing Jan. 1, 2023 to MGM Resorts International for use of the US-based company\u2019s trademarks.<\/p>\n

\"MGM
The MGM Macau integrated resort. MGM China entered a trademark deal with MGM Resorts. (Image: CNBC<\/em>)<\/figcaption><\/figure>\n

MGM China, which operates two integrated resorts in Macau, said in a regulatory document it has approval to use marks including MGM, MGM Grand, MGM Grand Macau, as well as the iconic MGM lion. The agreement also includes other \u201cMGM-related service marks, trademarks, registrations and domain names\u201d owned by the Las Vegas-based casino operator.<\/p>\n

In addition to any expansion of MGM Macau and MGM Cotai, any future resort and casino projects or sites that the group may develop \u2026 will use the MGM brand,\u201d<\/strong> according to MGM China\u2019s regulatory filing.<\/p><\/blockquote>\n

MGM, which is the largest operator on the Las Vegas Strip, owns nearly 56% of the Macau unit. While MGM\u2019s US operations are thriving, the company is taking a wait-and-see<\/a> approach to large-scale investments at its two Macau venues.<\/p>\n

Trademark Agreements Common Among Macau Operators<\/h2>\n

Of the six Macau concessionaires, three are tied to US-based parents — MGM China, Sands China, and Wynn Macau. Trademark pacts are common among those entities.<\/p>\n

\n

For example, MGM China announced in June<\/a> that it struck a deal with MGM to continue using one of the gaming industry\u2019s most recognizable brands. Earlier this week, Sands China said it will pay Las Vegas Sands as much as $377 million over three years to continue using<\/a> Sands-related trademarks in Macau.<\/p>\n<\/div>\n

MGM China also revealed that it will pay as much as $46.4 million in 2023 to related parties for branding services, hotel cleaning, and laundry services.<\/strong><\/p>\n

Over the next three years starting in 2023, MGM China will pay $15 million annually to MGM Branding — a wholly owned subsidiary equally controlled by MGM Resorts and Pansy Ho. Ho is the cochairperson at MGM China, and recently signed a 10-year contract valued at $8 million annually to remain a managing director of the gaming entity. She\u2019s occupied that role since 2005.<\/p>\n

MGM China Marketing Agreement<\/h2>\n

The regulatory filing also highlights a revamped marketing agreement between MGM China and its US parent. Under the terms of that accord, the Macau entity will pay $8.34 million to MGM in 2023 for marketing services. That figure increases to $9.63 million in 2024 and $10.91 million in 2025.<\/p>\n

Last month, MGM made a subordinated revolving credit facility of up to $750 million available to MGM China to financially support the business. Sands China and Wynn Macau made similar moves this year.<\/strong><\/p>\n

MGM China operates MGM Cotai and MGM Macau.<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM China announced it will pay as much as $173.2 million over three years commencing Jan. 1, 2023 to MGM Resorts International for use of the US-based company\u2019s trademarks. MGM China, which operates two integrated resorts in Macau, said in a regulatory document it has approval to use marks including MGM, MGM Grand, MGM Grand […]<\/p>\n","protected":false},"author":46,"featured_media":247423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,33810],"tags":[81913,81898],"acf":[],"yoast_head":"\nMGM China Strikes New Trademark Deal With MGM Resorts<\/title>\n<meta name=\"description\" content=\"MGM China enters new trademark pact with parent MGM Resorts International.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM China Strikes New Trademark Deal With MGM Resorts\" \/>\n<meta property=\"og:description\" content=\"MGM China enters new trademark pact with parent MGM Resorts International.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-09T23:07:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T23:36:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/\",\"name\":\"MGM China Strikes New Trademark Deal With MGM Resorts\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg\",\"datePublished\":\"2022-12-09T23:07:43+00:00\",\"dateModified\":\"2022-12-09T23:36:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"MGM China enters new trademark pact with parent MGM Resorts International.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"The MGM Macau integrated resort. MGM China entered a trademark deal with MGM Resorts. (Image: CNBC)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia Pacific Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"MGM China Paying MGM Resorts up to $173M for Trademarks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MGM China Strikes New Trademark Deal With MGM Resorts","description":"MGM China enters new trademark pact with parent MGM Resorts International.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"MGM China Strikes New Trademark Deal With MGM Resorts","og_description":"MGM China enters new trademark pact with parent MGM Resorts International.","og_url":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-12-09T23:07:43+00:00","article_modified_time":"2022-12-09T23:36:31+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/","url":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/","name":"MGM China Strikes New Trademark Deal With MGM Resorts","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg","datePublished":"2022-12-09T23:07:43+00:00","dateModified":"2022-12-09T23:36:31+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"MGM China enters new trademark pact with parent MGM Resorts International.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/MGMMacau.jpg","width":1920,"height":1080,"caption":"The MGM Macau integrated resort. MGM China entered a trademark deal with MGM Resorts. (Image: CNBC)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/mgm-china-strikes-new-trademark-deal-with-mgm-resorts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Asia Pacific Gaming","item":"https:\/\/www.casino.org\/news\/asia-pacific-gaming\/"},{"@type":"ListItem","position":3,"name":"MGM China Paying MGM Resorts up to $173M for Trademarks"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/247422"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=247422"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/247422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/247423"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=247422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=247422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=247422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}