MGM Resorts International - Company Profile
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MGM Resorts International (MGM Resorts) is a global gaming and entertainment company that operates through its subsidiaries. The company is focused on the management of hotels and casinos, offering meeting and conference spaces, live and theatrical entertainment, dining, nightlife, retail, sports betting, and online gaming services. Notable brands under MGM Resorts include Bellagio, Aria, The Cosmopolitan, MGM Grand, and BetMGM. The company's services cater to a diverse range of customers, including leisure travelers, business professionals, and gaming enthusiasts. MGM Resorts collaborates with various partners to enhance its online gaming operations and expand its market reach. The company operates in multiple geographic locations, including the US, Macau, and Japan, targeting both domestic and international markets. MGM Resorts is headquartered in Las Vegas, Nevada, the US.
Headquarters
United States of America
Address
3600 Las Vegas Blvd S, Nevada, 89109
Website
www.mgmresorts.com
Telephone
1 702 6937120
No of Employees
44,000
Industry
Leisure and Arts
Ticker Symbol & Exchange
MGM (NYSE)
Revenue (2024)
$17.5B
1.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-72.4%
(2024 vs 2023)
Market Cap*
$11.6B
Net Profit Margin (2024)
XYZ
-73.0%
(2024 vs 2023)
* As of and is in US$
MGM Resorts International premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Hotels and Casinos | MGM |
| Gaming | MGM Grand |
| Dining | Aria |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Divestiture | In June, the company sold MGM Asia-Pacific Ltd to MGM China. |
| 2026 | Others | In June, the company received a takeover offer to sell its entire stake to People Incorporated. |
| 2026 | Contracts/Agreements | In March, the company expanded its partnership with EM District to arrange a business delegation to expand its international customer base. |
Competitor Comparison
| Key Parameters | MGM Resorts International | Las Vegas Sands Corp | Caesars Entertainment Inc | Wynn Resorts Ltd | PENN Entertainment Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Las Vegas | Las Vegas | Reno | Las Vegas | Wyomissing |
| State/Province | Nevada | Nevada | Nevada | Nevada | Pennsylvania |
| No. of Employees | 44,000 | 41,000 | 50,000 | 28,500 | 23,441 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Paul Salem | Chairman | Executive Board | 2020 | 62 |
| William J. Hornbuckle | Director; President; Chief Executive Officer | Executive Board | 2020 | 68 |
| Jonathan S. Halkyard | Chief Financial Officer | Senior Management | 2021 | 61 |
| Ayesha Molino | Chief Operating Officer | Senior Management | 2026 | - |
| Ari Kastrati | Chief Content, Hospitality and Development Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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