MGM Resorts International

Company Profile

• Business description

  MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 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 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). 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 second 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
  USA

  T: +1 702 693-7120

  E: [email protected]

  https://www.mgmresorts.com

• Sector

  Consumer Cyclical

  Stock type

  Cyclical

• Industry

  Resorts & Casinos

  Fiscal Year End

  31 December 2026

  Employees

  62,000