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MGM MIRAGE Changes Name to MGM Resorts International

June 15, 2010 By: Staff

MGM MIRAGE shareholders approved at their annual meeting a proposal to rebrand the company as MGM Resorts International. In addition, the company announced that it will relaunch its Players Club loyalty program as M life.

"We believe this evolution honors our entertainment heritage, better represents the growing global presence our company has today and positions us to move forward under a unified brand strategy," said Jim Murren, Chairman and CEO of MGM Resorts International. "The new MGM Resorts International name will create better clarity and awareness for our collection of assets globally thereby maximizing our best-in-class portfolio of resorts."

A major initiative under this common vision is the relaunch of the company’s current Players Club under the new umbrella brand— M life. The M life Players Club is a unifying loyalty program that will increase customer intimacy and experience by leveraging the company’s portfolio of assets.

Underlying the program will be a more refined technology that allows M life Players Club members to customize their engagement with the program, so they can define their own Las Vegas experience. Key to the new M life Players Club is a tiered system that rewards players with richer benefits and rewards the more they engage with the company’s brands.

The expected roll-out of the M life Players Club is late summer in MGM Resorts’ U.S. regional markets and this fall in Las Vegas.

The new corporate name is effective immediately. As part of the brand development, the company unveiled a new, contemporary logo that underscores the company’s drive for integration and clarity. The company’s stock symbol, MGM, remains unchanged.

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