MGM Business definition
MGM Business means (a) the business of operating any casinos, hotels, theaters or other facilities located at the real property of MGM and its Subsidiaries and the real property of MGP and its Subsidiaries and (b) owning and operating MGM’s Subsidiaries; provided, for the avoidance of doubt, that the MGM Business shall not include the business of (x) owning or leasing the real property of MGP and its Subsidiaries or (y) owning and operating MGP’s Subsidiaries.