MGM Resorts International Overview

  • Year Founded
  • 1986

Year Founded

  • Status
  • Public

  • Employees
  • 63,000

Employees

  • Stock Symbol
  • MGM

Stock Symbol

  • Investments
  • 20

  • Share Price
  • $42.70
  • (As of Tuesday Closing)

MGM Resorts International General Information

Description

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 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 62% of total EBITDAR in 2023. MGM also owns U.S. regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's U.S. sports and iGaming 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. Further, we estimate MGM will open a resort in Japan in 2030.

Contact Information

Formerly Known As
MGM Mirage, Mgm Mirage Design Group, Mgm Grand Inc, Mgm Resorts International Design
Ownership Status
Publicly Held
Financing Status
Corporation
Primary Industry
Hotels and Resorts
Other Industries
Casinos and Gaming
Stock Exchange
NYS
Corporate Office
  • 3600 South Las Vegas Boulevard
  • Bellagio Hotel & Casino
  • Las Vegas, NV 89109
  • United States
+1 (702) 000-0000

MGM Resorts International Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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MGM Resorts International Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$42.70 $42.85 $34.12 - $51.35 $13.5B 317M 3.83M $3.22

MGM Resorts International Financials Summary

In Thousands,
USD
TTM 31-Dec-2023 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 44,191,050 44,191,050 42,525,135 45,007,396
Revenue 16,164,249 16,164,249 13,127,485 9,680,140
EBITDA 2,747,184 2,747,184 4,980,803 3,412,007
Net Income 1,142,180 1,142,180 1,473,093 1,254,370
Total Assets 42,368,548 42,368,548 45,692,206 40,899,116
Total Debt 31,615,601 31,615,601 34,078,441 24,865,256
Public Fundamental Data provided by Morningstar, Inc. disclaimer

MGM Resorts International Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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MGM Resorts International Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about
Hotels and Resorts
Las Vegas, NV
63,000 As of 2023
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000000 000 0000000
Las Vegas, NV
00000 As of 0000
000.00
000000000 00 000.00

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000000 000 0000000
Las Vegas, NV
00000 As of 0000
000.00
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MGM Resorts International Competitors (12)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Wynn Resorts Corporation Las Vegas, NV 00000 000.00 000000000 00 000.00
Las Vegas Sands Corporation Las Vegas, NV 00000 000.00 000000000 00 000.00
Caesars Entertainment Formerly PE-Backed Las Vegas, NV 00000 00.000 000000000 00 00.000
Red Rock Resorts Formerly PE-Backed Las Vegas, NV 0000 000.00 000000000 00 000.00
Boyd Gaming Private Debt Financed Las Vegas, NV 00000 000.00 000000000 00 000.00
You’re viewing 5 of 12 competitors. Get the full list »

MGM Resorts International Executive Team (32)

Name Title Board Seat Contact Info
William Hornbuckle Chief Executive Officer & Board Member
Gary Fritz President
Jonathan Halkyard Chief Financial Officer, Finance & Treasurer, Finance
Mark Strawn Chief Financial Officer - Midwest Group
Corey Sanders Chief Operating Officer
You’re viewing 5 of 32 executive team members. Get the full list »

MGM Resorts International Board Members (21)

Name Representing Role Since
000000 000000 Self Board Member 000 0000
00000 000000 Self Board Member 000 0000
000000 000000 MGM Resorts International Board Member 000 0000
0000000 00000000 MGM Resorts International Board Member 000 0000
000 000000 MGM Resorts International Board Member and Member of Compensation and Nominating/Corporate Governance 000 0000
You’re viewing 5 of 21 board members. Get the full list »

MGM Resorts International Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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MGM Resorts International Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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MGM Resorts International Investments & Acquisitions (20)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Osaka IR KK 14-Apr-2023 00000 0000 Casinos and Gaming 0000000 0
LeoVegas Mobile Gaming Group 07-Sep-2022 0000000000 00000 Entertainment Software 0000000 0
The Cosmopolitan of Las Vegas 17-May-2022 0000000000 00.000 Hotels and Resorts 0000000 0
CityCenter Holdings 28-Sep-2021 0000000000 00.000 Hotels and Resorts 0000000 0
PLAYSTUDIOS 24-Jun-2021 PIPE 00000 Entertainment Software 0000000 0
You’re viewing 5 of 20 investments and acquisitions. Get the full list »

MGM Resorts International Subsidiaries (7)

Company Name Industry Location Founded
LeoVegas Mobile Gaming Group Entertainment Software Stockholm, Sweden 2012
CityCenter Holdings Hotels and Resorts Las Vegas, NV 0000
The Cosmopolitan of Las Vegas Hotels and Resorts Las Vegas, NV 0000
MGM Resorts International (Gold Strike Casino Resort) Buildings and Property Robinsonville, MS 0000
The MGM Resorts 401(k) Savings Plan Corporate Pension Las Vegas, NV 0000
You’re viewing 5 of 7 subsidiaries. Get the full list »

MGM Resorts International ESG

Risk Overview

Risk Rating

Updated February, 07, 2024

23.75 | 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

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

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

00 of 16,173

Rank

00.00

Percentile

Consumer Services

Industry

00 of 509

Rank

00.00

Percentile

Casinos and Gaming

Subindustry

00 of 85

Rank

00.00

Percentile

To view MGM Resorts International’s complete esg history, request access »

MGM Resorts International Exits (4)

Company Name Exit Date Exit Type Exit Size Status Buyers
Sydell Group 23-Aug-2019 000000000000000000 Completed
  • 000 0000000 000000
Tunity 20-Feb-2018 00000 00000 00 0000 Completed
  • 4 buyers
The Mirage Hotel and Casino 01-Jan-2000 000000000000000000 Completed
  • 000 0000000 000000
Silver Legacy Resort and Casino 28-Jul-1995 Joint Venture Completed
  • 2 buyers
To view MGM Resorts International’s complete exits history, request access »

MGM Resorts International FAQs

  • When was MGM Resorts International founded?

    MGM Resorts International was founded in 1986.

  • Who is the CEO of MGM Resorts International?

    William Hornbuckle is the CEO of MGM Resorts International.

  • 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 63,000 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 16-Apr-2024 the stock price of MGM Resorts International is $42.70.

  • What is the current market cap of MGM Resorts International?

    The current market capitalization of MGM Resorts International is $13.5B.

  • What is MGM Resorts International’s current revenue?

    The trailing twelve month revenue for MGM Resorts International is $16.2B.

  • Who are MGM Resorts International’s competitors?

    Wynn Resorts, Las Vegas Sands, Caesars Entertainment, Red Rock Resorts, and Boyd Gaming are some of the 12 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 $3.22.

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