MGM Resorts International Overview

  • Founded
  • 1986
Founded
  • Status
  • Public
  • Employees
  • 70,000
Employees
  • Stock Symbol
  • MGM
Stock Symbol
  • Investments
  • 14
  • Share Price
  • $31.06
  • (As of Wednesday 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 a 50% ownership stake in CityCenter. The Strip constituted approximately 49% of total EBITDAR in 2019. We estimate MGM will open a resort in Japan in 2026. The company also operates the 56%-owned MGM Macau casinos with a new property that opened on the Cotai Strip in early 2018.

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

MGM Resorts International Timeline

2018201920202021
Financing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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MGM Resorts International Stock Performance

(As of Wednesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$31.06 $30.53 $5.90 - $33.78 $15.3B 494M 9.9M $2.84

MGM Resorts International Financials Summary

In Thousands,
USD
TTM 30-Sep-2020 FY 2019 31-Dec-2019 FY 2018 31-Dec-2018 FY 2017 31-Dec-2017
EV 30,642,479 35,928,242 30,217,277 34,485,504
Revenue 6,853,682 12,899,672 11,763,096 10,797,479
EBITDA 3,605,197 4,999,306 2,581,563 2,623,015
Net Income 1,426,458 2,049,146 466,772 1,952,052
Total Assets 37,004,775 33,876,356 30,210,706 29,160,042
Total Debt 19,795,071 15,542,322 15,131,416 12,909,094
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
70,000 As of 2019
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0000000 000 000000
Reno, NV
00000 As of 0000
000.00
000000 - 000 000.00

0000 000

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000000 000 0000000
Las Vegas, NV
00000 As of 0000
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MGM Resorts International Competitors (9)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Caesars Entertainment Formerly PE-Backed Reno, NV 00000 000.00 000000 - 000 000.00
0000 0000000 Corporate Backed or Acquired Las Vegas, NV 00000 00000 000000&0
00000 Corporation Las Vegas, NV 00000
000 0000 0000000 Formerly PE-Backed Las Vegas, NV 00000 00.00 000000000 00.00
00000 00000 Corporation Admiralty, Hong Kong 00000
You’re viewing 5 of 9 competitors. Get the full list »

MGM Resorts International Executive Team (23)

Name Title Board Seat Contact Info
William Hornbuckle Chief Executive Officer & Board Member
Corey Sanders Chief Operating Officer
Todd Meinert Chief Accounting Officer, Accounting
Stephen Martino Senior Vice President & Chief Compliance Officer
Ann Hoff Chief Marketing Officer
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MGM Resorts International Board Members (18)

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
0000 000000 00. Self Board Member 000 0000
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MGM Resorts International Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-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 (14)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 08-Jul-2020 000000000 00000000 00000 Entertainment Software 0000000 0000000000
000000 00000 23-Aug-2019 000000000000000000 Hotels and Resorts
0000000 0000000 29-Jan-2019 000000000000000000 00000 Casinos and Gaming 00000 000000
000000 30-Jul-2018 00000 0000000 00000 Entertainment Software 00000 000000
Tunity 20-Feb-2018 Early Stage VC 0000 Entertainment Software 00000 0000000
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MGM Resorts International Subsidiaries (3)

Company Name Industry Location Founded
Borgata Hotel Casino & Spa Casinos and Gaming Atlantic City, NJ 2003
000 000 0000000 00 Corporate Pension Las Vegas, NV 0000
0000000 0000000 Casinos and Gaming Yonkers, NY 0000
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MGM Resorts International Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
000000 000000 0000 28-Jul-1995 00000 0000000 Completed
  • 2 buyers
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