MGM Resorts International(MGM)
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.
Latest News & Analysis
MGM Resorts Q3 Earnings: NY Exit Costs Mask Operational Strength
MGM's NY casino withdrawal triggers $349M impairment, but MGM China and BetMGM beat expectations, signalling digital pivot is executing despite capital setback.
MGM Resorts Faces the Margin Reckoning Before Q3 Earnings
MGM faces Q3 earnings test: can digital and China investments justify 13.1x leverage amid 31.5% EPS decline?
MGM Resorts Q4 2024: Macau and Digital Growth Drive Strong Earnings Surge
MGM Resorts (MGM) delivered record Q4 2024 earnings driven by robust Macau performance and BetMGM’s digital growth, paving the way for future strategic expansion.
MGM Resorts: Q4 Earnings Surge, James Bond Deal, and Macau's Resurgence
MGM Resorts navigates a dynamic landscape with strategic initiatives, Q4 earnings surge, and challenges in Macau and online gaming, shaping its market position.
MGM Resorts: Industry Impact and Market Trends Analysis
MGM Resorts navigates a dynamic landscape with strong earnings and strategic shifts, notably Amazon's control over James Bond and BetMGM's growth.