MGM Resorts International Overview
- Year Founded
-
1986
- Status
-
Public
- Employees
-
78,000
- Stock Symbol
-
MGM
- Investments
-
21
- Share Price
-
$32.53
- (As of Thursday Closing)
MGM Resorts International General Information
Description
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
Contact Information
Website
www.mgmresorts.comCorporate Office
- 3600 South Las Vegas Boulevard
- Bellagio Hotel & Casino
- Las Vegas, NV 89109
- United States
Corporate Office
- 3600 South Las Vegas Boulevard
- Bellagio Hotel & Casino
- Las Vegas, NV 89109
- United States
MGM Resorts International Timeline
MGM Resorts International Stock Performance
As of 20-Mar-2025, MGM Resorts International’s stock price is $32.53. Its current market cap is $9.3B with 304M shares.
(As of Thursday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $32.53 | $32.69 | $29.99 - $48.24 | $9.3B | 304M | 5.03M | $2.42 |
MGM Resorts International Financials Summary
As of 31-Dec-2024, MGM Resorts International has a trailing 12-month revenue of $17.2B.
|
In Thousands, USD |
TTM 31-Dec-2024 | FY 2024 31-Dec-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 |
|---|---|---|---|---|
| EV | 39,990,551 | 39,990,551 | 44,076,336 | 42,406,949 |
| Revenue | 17,240,545 | 17,240,545 | 16,164,249 | 13,127,485 |
| EBITDA | 2,391,392 | 2,391,392 | 2,747,184 | 4,980,803 |
| Net Income | 746,558 | 746,558 | 1,142,180 | 1,473,093 |
| Total Assets | 42,231,627 | 42,231,627 | 42,368,548 | 45,692,206 |
| Total Debt | 31,610,449 | 31,610,449 | 31,555,428 | 33,994,990 |
MGM Resorts International Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
MGM Resorts International Comparisons
Industry
Financing
Details
MGM Resorts International Competitors (11)
One of MGM Resorts International’s 11 competitors is Wynn Resorts, a Corporation company based in Las Vegas, NV.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Wynn Resorts | Corporation | Las Vegas, NV | ||||
| Las Vegas Sands | Corporation | Las Vegas, NV | ||||
| Caesars Entertainment | Formerly PE-Backed | Las Vegas, NV | ||||
| Red Rock Resorts | Formerly PE-Backed | Las Vegas, NV | ||||
| Boyd Gaming | Private Debt Financed | Las Vegas, NV |
MGM Resorts International Patents
MGM Resorts International Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20150215240-A1 | Messaging system | Inactive | 29-Jan-2014 | ||
| US-8897451-B1 | Storing secure information using hash techniques | Active | 13-Nov-2013 | ||
| US-8867743-B1 | Encryption of large amounts of data using secure encryption methods | Active | 13-Nov-2013 | ||
| EP-0639998-A1 | Coinless slot machine system and method | Active | 22-Jan-1993 | ||
| EP-0639998-B1 | Coinless slot machine system and method | Inactive | 22-Jan-1993 | G07F17/32 |
MGM Resorts International Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
MGM Resorts International Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
MGM Resorts International Investments & Acquisitions (21)
MGM Resorts International’s most recent deal was a Joint Venture with Sports Betting and IGaming (Grupo Globo / MGM Resorts International). The deal was made on 01-Jan-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Sports Betting and IGaming (Grupo Globo / MGM Resorts International) | 01-Jan-2025 | Joint Venture | Entertainment Software | ||
| Osaka IR KK | 14-Apr-2023 | Joint Venture | Casinos and Gaming | ||
| LeoVegas Mobile Gaming Group | 07-Sep-2022 | Merger/Acquisition | Entertainment Software | ||
| The Cosmopolitan of Las Vegas | 17-May-2022 | Merger/Acquisition | Hotels and Resorts | ||
| CityCenter Holdings | 28-Sep-2021 | Merger/Acquisition | Hotels and Resorts |
MGM Resorts International ESG
Risk Overview
Risk Rating
Updated February, 04, 2025
24.27 | Med Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 14,946
Rank
Percentile
Consumer Services
Industry
of 468
Rank
Percentile
Casinos and Gaming
Subindustry
of 73
Rank
Percentile
MGM Resorts International Exits (4)
MGM Resorts International’s most recent exit was on 23-Aug-2019 from Sydell Group. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Sydell Group | 23-Aug-2019 | Completed |
|
||
| Tunity | 20-Feb-2018 | Completed |
|
||
| The Mirage | 01-Jan-2000 | Completed |
|
||
| Silver Legacy Resort and Casino | 28-Jul-1995 | Joint Venture | Completed |
|
MGM Resorts International Affiliates
Subsidiaries (6)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| LeoVegas Mobile Gaming Group | Stockholm, Sweden | 2012 | |
| The Cosmopolitan of Las Vegas | Las Vegas, NV | 2004 | |
| MGM Resorts International (Gold Strike Casino Resort) | Robinsonville, MS | 1994 | |
| The MGM Resorts 401(k) Savings Plan | Las Vegas, NV | 1993 | |
| Mandalay Resort Group | Las Vegas, NV | 1968 |
MGM Resorts International FAQs
-
When was MGM Resorts International founded?
MGM Resorts International was founded in 1986.
-
Where is MGM Resorts International headquartered?
MGM Resorts International is headquartered in Las Vegas, NV.
-
What is the size of MGM Resorts International?
MGM Resorts International has 78,000 total employees.
-
What industry is MGM Resorts International in?
MGM Resorts International’s primary industry is Hotels and Resorts.
-
Is MGM Resorts International a private or public company?
MGM Resorts International is a Public company.
-
What is MGM Resorts International’s stock symbol?
The ticker symbol for MGM Resorts International is MGM.
-
What is the current stock price of MGM Resorts International?
As of 20-Mar-2025 the stock price of MGM Resorts International is $32.53.
-
What is the current market cap of MGM Resorts International?
The current market capitalization of MGM Resorts International is $9.3B.
-
What is MGM Resorts International’s current revenue?
The trailing twelve month revenue for MGM Resorts International is $17.2B.
-
Who are MGM Resorts International’s competitors?
Wynn Resorts, Las Vegas Sands, Caesars Entertainment, Red Rock Resorts, and Boyd Gaming are some of the 11 competitors of MGM Resorts International.
-
What is MGM Resorts International’s annual earnings per share (EPS)?
MGM Resorts International’s EPS for 12 months was $2.42.
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