Entity Gaming License Investigation: Blue Tarp reDevelopment LLC 2
Blue Tarp reDevelopment LLC (“Blue Tarp”) has filed an application to the Massachusetts Gaming Commission (“MGC” or “Commission”) for a Category 1 gaming license. Blue Tarp proposes to build and operate a casino gaming facility in Springfield, MA, utilizing approximately 14.5 acres of land over a multi-block area. The projected cost is estimated at $800 million. Blue Tarp is a Massachusetts Limited Liability Company formed on February 23, 2012, and currently owned 99 percent by MGM Resorts International (“MGM Resorts International”
) and 1 percent by Paul C. Picknelly. Its current principal place of business is 3950 Las Vegas Boulevard South, Las Vegas, NV. MGM Resorts International is publicly held. MGM Resorts International is a Delaware Corporation formed on January 29, 1986, and is located at 3600 Las Vegas Boulevard South, Las Vegas, NV. Its primary business is the ownership and operation of casino resorts. MGM Resorts International is the parent holding company of numerous subsidiary entities that collectively own, operate, and invest in casino resorts worldwide. MGM Resorts International operates 15 wholly owned casino resorts in the United States. Its primary venue is in Las Vegas, where its properties are Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas. It also operates casino resorts in Detroit, MI; Biloxi and Tunica, MS; Reno, Jean and Henderson, NV and has interests in other domestic casinos. A significant portion of MGM Resorts International’s business comes from its operations in China, specifically the MGM Macau casino that is located in Macau, a Special Administrative Region of the People’s Republic of China. MGM Resorts International holds 51 percent of the common stock of MGM China Holdings Ltd., which wholly owns MGM Grand Paradise SA, the owner/operator of the MGM Macau. Tracinda Corporation, a privately held investment firm, is a Nevada corporation formed on June 23, 1976 that holds an 18.6 percent ownership interest in MGM Resorts International.
On June 15, 2010, MGM Mirage changed its name to MGM Resorts International, the latest of several name changes in its history. To avoid confusion, the current corporate name is used throughout this Report, even when referring to events prior to June 15, 2010.