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 US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming 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. We estimate MGM will open a resort in Japan in 2030.
Contact
3600 Las Vegas Boulevard South
Las VegasNV89109
USAT: +1 702 693-7120
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Resorts & Casinos
Fiscal Year End
31 December 2025
Employees
63,000
Stocks News & Analysis
stocks
Why ASX miners will handily beat banks in the long-term
stocks
How to avoid dividend disaster
video
Do you qualify as 'rich'?
Morningstar Investment Ideas
Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,785.10 | 101.70 | 1.17% |
| CAC 40 | 8,001.97 | 110.29 | 1.40% |
| DAX 40 | 21,866.98 | 281.05 | 1.30% |
| Dow JONES (US) | 44,857.18 | 16.10 | -0.04% |
| FTSE 100 | 8,748.11 | 124.82 | 1.45% |
| HKSE | 20,891.62 | 294.53 | 1.43% |
| NASDAQ | 19,710.22 | 17.89 | 0.09% |
| Nikkei 225 | 39,066.53 | 235.05 | 0.61% |
| NZX 50 Index | 12,844.59 | 60.45 | -0.47% |
| S&P 500 | 6,070.37 | 8.89 | 0.15% |
| S&P/ASX 200 | 8,520.70 | 103.80 | 1.23% |
| SSE Composite Index | 3,270.66 | 41.17 | 1.27% |