Company
MGM Resorts International
Headquarters: Las Vegas, NV, United States
Founded: 1986
Employees: 52,000
CEO: Mr. William Joseph Hornbuckle IV
Market Cap
$15.15 Billion
USD as of Jan. 1, 2024
MGM Resorts International Categories
United States Consumer Discretionary Resorts & CasinosUnited States Consumer Discretionary United States Resorts & Casinos
Top Competitors by Market Capitalization
Industry: Resorts & Casinos
| Company | Market Cap (USD) |
|---|---|
| Las Vegas Sands Corp. | $38.17 B |
| Sands China Ltd | $24.15 B |
| Galaxy Entertainment Group Ltd | $24.00 B |
| Wynn Resorts, Limited | $10.64 B |
| Caesars Entertainment, Inc. | $9.71 B |
Detailed Description
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Top 1-year algo backtest: +298.72%
$10,000 in April 2023 would now be $39,872 by following this algorithm daily at market close.
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Stocks & Indices
MGM Resorts International has the following listings and related stock indices.
Stock: NYSE: MGM wb_incandescent
Stock: BMV: MGM wb_incandescent
Stock: Bovespa: M1GM34 wb_incandescent
Stock: FSX: MGG wb_incandescent
Stock: XETR: MGG wb_incandescent
Product & Services
CasinosHotels Entertainment Resorts
Key People
Founder(s): Kirk Kerkorian
Bill Hornbuckle (acting CEO and president) Paul Salem (chairman)
Financials
Revenue: $12.899 billion (2019)
Total assets: $33.9 billion (2019)
Total equity: $7.7 billion (2019)