We’re Not That Bankrupt MGM! Says MGM Resorts.

Metro-Goldwyn-Mayer, the Hollywood movie studio known as MGM, filed for bankruptcy protection this week. But NOT the MGM that runs hotels and casinos like the Bellagio, MGM Grand and Mandalay Bay in Las Vegas. That company, MGM Resorts International, goes by the ticker symbol “MGM.” Confused?

 

So MGM Resorts – NOT THE BANKRUPT ONE – felt compelled to issue a press release to clarify.

“MGM Studios is a completely separate entity with no common ownership. MGM Studios, a privately held, independent company, filed for bankruptcy on Nov. 3, 2010. The filing has no impact whatsoever on MGM Resorts International,” the company that isn’t in Chapter 11 said.

Read More: