MGM Resorts International Overview

  • Founded
  • 1986

Founded
  • Status
  • Public

  • Employees
  • 69,000

Employees
  • Stock Symbol
  • MGM

Stock Symbol
  • Investments
  • 19

  • Share Price
  • $30.36

  • (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, Mirage, Luxor, New York-New York, and CityCenter. The Strip contributed approximately 49% of total EBITDAR in the prepandemic year of 2019. MGM also owns U.S. regional assets, which represented 29% of 2019 EBITDAR. We estimate MGM's U.S. sports and iGaming operations are currently a mid-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM Macau 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 2027.

Contact Information

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

MGM Resorts International Timeline

2019202020212022
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
$30.36 $30.00 $26.41 - $51.17 $12.8B 426M 6.13M $3.12

MGM Resorts International Financials Summary

In Thousands,
USD
TTM 31-Mar-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019
EV 43,301,110 44,821,894 35,664,748 35,928,242
Revenue 10,886,702 9,680,140 5,162,082 12,899,672
EBITDA 3,770,392 3,412,007 375,457 4,999,306
Net Income 1,568,183 1,254,370 (1,032,724) 2,049,146
Total Assets 38,650,005 40,899,116 36,494,934 33,876,356
Total Debt 23,567,187 24,692,632 20,878,837 15,542,322
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
69,000 As of 2021
00.000
0.000 0000-00-00
000000000 00.000

0000 0

dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui o
000000 000 0000000
Las Vegas, NV
00000 As of 0000
00.000
000000000-00 00.000

000000

re et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi u
0000000 000 000000
Las Vegas, NV
00000 As of 0000
000.00
000000 - 000 000.00
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MGM Resorts International Competitors (9)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Wynn Resorts Corporation Las Vegas, NV 00000 00.000 000000000-00 00.000
0000000 0000000000 Formerly PE-Backed Las Vegas, NV 00000 000.00 000000 - 000 000.00
00000 00000 Corporation Admiralty, Hong Kong 00000
000 0000 0000000 Formerly PE-Backed Las Vegas, NV 0000 00.00 000000000 00.00
000 00000 00000 Corporation Las Vegas, NV 00000 00000 000000000 00000
You’re viewing 5 of 9 competitors. Get the full list »

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 Abandoned 29-Jan-2014 000000000 0
US-8867743-B1 Encryption of large amounts of data using secure encryption methods Active 13-Nov-2013 00000000 00
US-8897451-B1 Storing secure information using hash techniques Active 13-Nov-2013 00000000000 00
US-20050148386-A1 Gaming system with reader and code printer Abandoned 22-Jan-1993 000000000 00
US-20020034977-A1 Coinless slot machine system and method Abandoned 22-Jan-1993 G07F17/32 00
To view MGM Resorts International’s complete patent history, request access »

MGM Resorts International Executive Team (26)

Name Title Board Seat Contact Info
William Hornbuckle Chief Executive Officer & Board Member
Jonathan Halkyard Chief Financial Officer, Finance & Treasurer, Finance
Corey Sanders Chief Operating Officer
Tilak Mandadi Chief Technology Officer, Technology & Executive
Todd Meinert Chief Accounting Officer, Accounting & Senior Vice President
You’re viewing 5 of 26 executive team members. Get the full list »

MGM Resorts International Board Members (20)

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
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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 (19)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000 000000000 17-May-2022 0000000000 00.000 Hotels and Resorts 0000000 0
00000000 0000 02-May-2022 0000000000 00000 Entertainment Software 0000000 0
0000000000 00 28-Sep-2021 0000000000 00.000 Hotels and Resorts 0000000 0
00000000000 21-Jun-2021 0000 00000 Entertainment Software 0000000 0
BetMGM 08-Jul-2020 Secondary Transaction - Private 00000 Entertainment Software 0000000 0
You’re viewing 5 of 19 investments and acquisitions. Get the full list »

MGM Resorts International Subsidiaries (6)

Company Name Industry Location Founded
CityCenter Holdings Hotels and Resorts Las Vegas, NV 2007
000 000000000000 0 Hotels and Resorts Las Vegas, NV 0000
0000000 00000 0000 Casinos and Gaming Atlantic City, NJ 0000
000 0000000 000000 Buildings and Property Robinsonville, MS 0000
000 000 0000000 00 Corporate Pension Las Vegas, NV 0000
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MGM Resorts International Exits (3)

Company Name Exit Date Exit Type Exit Size Status Buyers
000000 20-Feb-2018 00000 00000 00 0000 Completed
  • 4 buyers
000 000000 00000 0 01-Jan-2000 000000000000000000 Completed
  • 000 0000000 000000
Circus Circus Hotel and Casino-Reno 28-Jul-1995 Joint Venture Completed
  • 2 buyers
To view MGM Resorts International’s complete exits history, request access »