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MGM to Expand to India | Business

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MGM to Expand to India

LAS VEGAS (AP) -- Casino operator MGM Resorts International has agreed to license and operate a non-gambling MGM Grand resort in the Indian city of New Delhi.

The Las Vegas-based company announced a signed agreement Tuesday with Silver Resort Hotel India Private Ltd. to build a 480-room hotel with Skylofts suites and serviced apartments.

MGM Resorts officials say the first project for the MGM Resorts Hospitality arm in India is part of a company effort to expand its brand in Asia and the Middle East.

A spokesman says MGM Resorts Hospitality is a subdivision of the larger casino company. It has made about 17 deals with developers in various countries to build and operate branded resorts.

Development partners provide land and capital. MGM Resorts operates and brands the resorts for a fee.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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