MGM - Mgm Resorts International

Company Overview

Name

Mgm Resorts International

Tickers

MGM

Exchanges

NYSE

Employees

45000

Founded

1986

Sector Information

Other Information

CIK

789570

Category

Large accelerated filer

1-Line Summary

MGM Resorts International is a major global gaming and entertainment company with a focus on premier hotel and casino experiences.

Company summary

MGM Resorts International is a leading global gaming and entertainment company headquartered in Delaware. Founded in 1986, it operates numerous domestic and international resorts that offer premier accommodations, extensive casinos, and a variety of entertainment options including live shows, restaurants, and retail outlets. The company also focuses heavily on the online gaming market through subsidiaries like BetMGM and LeoVegas, allowing it to tap into the growing demand for digital gaming experiences. MGM China, a key component of its business, allows the company to expand its footprint in the lucrative Macau market.

MGM Resorts employs an asset-light model, leasing its properties while focusing capital on enhancing guest experiences and reinvesting in its growth areas. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. It emphasizes premium customer service, high-quality facilities, and a strong digital presence to attract diverse customer segments, including both leisure travelers and premium gaming customers. By continuously optimizing operations and investing in digital capabilities, MGM Resorts aims to solidify its position as a leading player in the global gaming and hospitality industry.

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