MGM Resorts raises MGM China brand licence fee to 3.5%
MGM Resorts International signed a long-term brand-licensing agreement with MGM China Holdings, allowing the company to use the MGM brand through its concession term ending in 2032. The monthly fee rises from 1.75% to 3.5% of adjusted consolidated net monthly revenue, subject to an annual cap; MGM Resorts receives approximately 66.6% of the fee.
MGM China’s brand-licensing fee rises under the revised agreement, changing the cost of rights through its concession term.