MGM Resorts completed the acquisition of a 50% stake in CityCenter from Infinity World Development for $2.1bn.

MGM Resorts, a global entertainment company, completed the acquisition of the remaining 50% stake in CityCenter, a hotel operator, from Infinity World Development for $2.1bn. "CityCenter has consistently elevated the Las Vegas experience over the years, contributing to this vibrant city's undeniable position as a top tourism and business destination. Uniting all of CityCenter under MGM Resorts' corporate structure and strategy will allow us to consolidate financial results, build on efforts to strengthen our operating model and guest experience and further our vision of becoming the world's premier gaming entertainment company," Bill Hornbuckle, MGM Resorts CEO and President.