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MGM Grand Changing Name to 'MGM Mirage'

Las Vegas-based MGM Grand revealed the proposed name change in its annual proxy statement filed with the Securities and Exchange Commission.

Shareholders will be asked to vote on the name change at MGM Grand's annual shareholder meeting, to be held Aug. 1 at 10 a.m. at the MGM Grand.

The name change will not affect MGM Grand's ticker symbol, which will remain "MGG."

"This new name takes full advantage of the two most powerful brands in the gaming and entertainment industry," MGM Grand Chairman Terry Lanni said in a statement.

MGM Grand acquired Mirage Resorts Inc. on May 31 for $6.4 billion.

Majority shareholder Tracinda Corp., controlled by Kirk Kerkorian, will vote in favor of the proposed name change. "Therefore ... approval of the amendment is assured," the proxy states.

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