MGM Resorts International
Company Profile
Business 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
3600 Las Vegas Boulevard South
Las Vegas NV 89109
USAT: +1 702 693-7120
E: cpark@mgmresorts.com
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Resorts & Casinos
Fiscal Year End
31 December 2024
Employees
63,000
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Funds
- Active Australian Equity Funds
- Passive Australian Equity Funds
- Active Global Equity Funds
- Passive Global Equity Funds
- Sustainable Funds
- Emerging Market Equity Funds
- Passive Australian Listed Property Funds
- Active Australian Listed Property Funds
- Passive Global Infrastructure Funds
- Active Global Infrastructure Funds
- Active Global Property Funds
- Passive Global Property Funds
- Active Australian Fixed Interest Funds
- Passive Australian Fixed Interest Funds
- Active Global Fixed Interest Funds
- Passive Global Fixed Interest Funds
Markets
Index
|
Last price
|
Change
|
% Change
|
|---|---|---|---|
| All Ordinaries | 7,932.00 | 25.40 | 0.32% |
| CAC 40 | 8,065.15 | 23.09 | -0.29% |
| DAX 40 | 18,118.32 | 42.69 | -0.24% |
| Dow JONES (US) | 38,386.09 | 146.43 | 0.38% |
| FTSE 100 | 8,147.03 | 7.20 | 0.09% |
| HKSE | 17,757.54 | 10.63 | 0.06% |
| NASDAQ | 15,983.08 | 55.18 | 0.35% |
| Nikkei 225 | 38,405.66 | 470.90 | 1.24% |
| NZX 50 Index | 11,957.50 | 41.26 | 0.35% |
| S&P 500 | 5,116.17 | 16.21 | 0.32% |
| S&P/ASX 200 | 7,664.10 | 26.70 | 0.35% |
| SSE Composite Index | 3,109.95 | 3.10 | -0.10% |
Market Movers
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Last price
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Change
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% Change
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| Core Lithium Ltd CXO | 0.15 | 0.01 | 3.57% |
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