MGM and Hakkasan Group Create Nongaming Hotel Management Company

MGM Resorts International and the Hakkasan Group have created a joint-venture hotel management company, MGM Hakkasan Hospitality, which will focus on nongaming properties. The new company will specialize in developing and managing luxury hotels and resorts for the Bellagio, Hakkasan, MGM Grand and Skylofts brands in international gateway cities and resort areas. All hotels and resorts currently in each group's pipeline will come under the aegis of the joint venture, including MGM projects in the Americas, the Middle East and Asia; and Hakkasan projects in the United Arab Emirates' Abu Dhabi and Dubai.