MGM Resorts International
1986
FOUNDED
PUBLIC
STATUS
80K-85K
EMPLOYEES
MGM
STOCK SYMBOL
13
INVESTMENTS
$30.35
SHARE PRICE
(As of Monday Closing)
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 52% of total EBITDA in 2018. 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.
Website
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
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MGM Resorts International Stock Performance
| 52 wk Range | Market Cap | Prev. Close | EPS | Average Volume | Shares |
|---|---|---|---|---|---|
| $23.68 - $34.63 | $15.6B | $31.57 | 4.56M | 515M |
MGM Resorts International Financials Summary
|
In Thousands,
USD |
TTM
30-Sep-2019
|
FY 2018
31-Dec-2018
|
FY 2017
31-Dec-2017
|
FY 2016
31-Dec-2016
|
|---|---|---|---|---|
| Enterprise Value | 33,019,045 | 30,217,277 | 34,485,504 | 31,603,302 |
| Revenue | 12,767,398 | 11,763,096 | 10,797,479 | 9,478,269 |
| EBITDA | 2,470,637 | 2,581,563 | 2,623,015 | 2,801,889 |
| Net Income | 14,242 | 466,772 | 1,952,052 | 1,100,408 |
| Total Assets | 31,168,871 | 30,210,706 | 29,160,042 | 28,173,301 |
| Total Debt | 15,462,239 | 15,131,416 | 12,909,094 | 12,987,595 |
Public Fundamental Data provided by Morningstar, Inc.
disclaimer
MGM Resorts International Valuation and Funding
| Deal Type | Date | Amount | Post-Val | Valuation/ EBITDA |
Debt | Status |
|---|
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Request full access to PitchBookMGM Resorts International Competitors (10)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Wynn Resorts | Failed Transaction (M&A) | Las Vegas, NV | 00000 | 00000 | 000000&0 | |
| 00000000 0000000 | Formerly PE-Backed | Reno, NV | 00000 | 000.00 | 000000 - 000 | 000.00 |
| 00000 00000 | Corporation | Admiralty, Hong Kong | 00000 | |||
| 00000 | Corporation | Las Vegas, NV | 00000 | |||
| 000 0000 0000000 | Formerly PE-Backed | Las Vegas, NV | 00000 | 00.00 | 000000000 | 00.00 |
MGM Resorts International Investments & Acquisitions (13)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 000000 00000 | 23-Aug-2019 | 000000000000000000 | Hotels and Resorts | ||
| 0000000 0000000 | 29-Jan-2019 | 000000000000000000 | 00000 | Casinos and Gaming | 00000 000000 |
| 0000 0000000, 000 | 30-Jul-2018 | 00000 0000000 | 00000 | Entertainment Software | 00000 000000 |
| 000000 | 20-Feb-2018 | 00000 00000 00 | 0000 | Application Software | 00000 0000000 |
| San Antonio Stars | 17-Oct-2017 | Merger/Acquisition | Casinos and Gaming |
MGM Resorts International Exits (1)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| 000000 000000 0000 | 28-Jul-1995 | 00000 0000000 | Completed |
|
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 |
MGM Resorts International Investors
| Investor Name | Investor Type | Holding | Participating Rounds | Investor Since | Board Seat | Contact Info |
|---|
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Request full access to PitchBookMGM Resorts International Executive Team (17)
8 Former Executives
You’re viewing 5 of 17 executives. Get the full list »MGM Resorts International Board Members (15)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| 000000 000000 | Self | Board Member | 000 0000 | |
| 000000 000000 | MGM Resorts International | Board Member | 000 0000 | |
| 0000000 00000000 | MGM Resorts International | Board Member | 000 0000 | |
| 00000 000000 | MGM Resorts International | Chief Executive Officer & Chairman | 000 0000 | |
| 0000 000000 00. | Self | Board Member | 000 0000 |
5 Former Board Members
You’re viewing 5 of 15 board members. Get the full list »