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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
    USA

    T: +1 702 693-7120

    E: cpark@mgmresorts.com

    https://www.mgmresorts.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Resorts & Casinos

    Fiscal Year End

    31 December 2024

    Employees

    63,000

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