Risk Factors Update Summary
- Added cybersecurity issue affecting systems in September 2023, leading to operational disruptions and litigation.
- Added landlords of Bellagio, Mandalay Bay, and MGM Grand Las Vegas to financial commitments. This could adversely affect operations.
- Decrease in principal amount of indebtedness outstanding from $8 billion to $6 billion.
- Change in smoking regulations in casinos effective since January 1, 2019.
- Increase in annual rent payments from $1.7 billion to $1.8 billion under triple-net lease agreements.
- Increase in collective bargaining agreements covering employees from 38,000 to 37,000.
- Change in maturity of significant amount of indebtedness from 2023 to 2025 and thereafter.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=789570&owner=exclude
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