The new restaurants will be managed by The Light Group, but MGM Resorts, which owns Mandalay Bay, will continue to manage the rest of the property under a licensing agreement.

The rebranding is an attempt by Mandalay Bay officials to attract more Las Vegas visitors from Latin American and Europe, a key demographic.

The cost of the project has not been announced, but it expected to be completed in 2013. MGM Resorts also operates many other Las Vegas casino resorts, including Luxor and Aria.

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