MGM Resorts International develops, builds and operates unique destination resorts designed to provide a total resort experience, including first-class accommodations and dining, world-class entertainment, state-of-the-art meeting and convention facilities, as well as high-quality retail and gaming experiences.

TypePublic
HQLas Vegas, US
Founded1986
Size (employees)52,000 (est)
Websitemgmresorts.com
MGM Resorts was founded in 1986 and is headquartered in Las Vegas, US
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Key People/Management at MGM Resorts

Mary Gay

Mary Gay

Director
Gregory Spierkel

Gregory Spierkel

Director
William Bible

William Bible

Director
Alexis Herman

Alexis Herman

Director President & CEO New Ventures
Roland Hernandez

Roland Hernandez

Director President, Hernandez Media Ventures
John Kilroy

John Kilroy

Director Chairman, President and CEO, Kilroy Realty Corp
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MGM Resorts Office Locations

MGM Resorts has offices in Atlantic City, Robinsonville, Biloxi, Detroit and in 2 other locations
Las Vegas, US (HQ)
3600 Las Vegas Boulevard South
Atlantic City, US
1 Borgata Way
Biloxi, US
875 Beach Blvd
Detroit, US
1777 3rd Ave
Las Vegas, US
2880 S Las Vegas Blvd
Las Vegas, US
3850 S Las Vegas Blvd
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MGM Resorts Financials and Metrics

MGM Resorts Revenue

MGM Resorts's revenue was reported to be $9.46 b in FY, 2016 which is a 4.9% decrease from the previous period.
USD

Revenue (Q2, 2018)

5.7b

Net income (Q2, 2018)

406.7m

EBIT (Q2, 2018)

722.8m

Market capitalization (15-Oct-2018)

14.4b

Closing stock price (15-Oct-2018)

26.8

Cash (30-Jun-2018)

1.3b

EV

26.7b
MGM Resorts's current market capitalization is $14.4 b.
Annual
usdFY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

6.1b7.8b9.8b10.8b9.9b9.5b

Revenue growth, %

30%11%(8%)(5%)

General and administrative expense

1.6b

Operating expense total

9.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

5.7b

General and administrative expense

342.8m319.2m327.5m347.5m328.2m333.7m340.5m308.5m321.4m372.0m388.8m354.5m417.9m856.3m

Operating expense total

2.2b2.2b2.2b2.2b2.1b2.1b2.0b1.9b1.9b1.8b2.3b2.2b2.5b5.0b

Depreciation and amortization

268.8m565.0m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.1b499.0m1.9b1.5b1.8b1.7b1.7b1.4b1.5b

Accounts Receivable

488.2m473.3m480.6m542.9m540.5m

Inventories

107.9m104.0m104.2m97.7m102.3m

Current Assets

2.7b3.0b2.4b2.2b2.4b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

1.4b1.1b1.4b1.3b2.2b2.3b1.8b1.7b2.5b1.4b1.4b1.8b1.5b1.3b

Accounts Receivable

411.1m492.5m473.9m433.9m461.8m468.0m470.8m452.8m443.9m492.4m493.8m469.1m505.6m497.4m

Inventories

98.3m101.6m102.5m99.3m103.3m106.9m100.5m97.6m97.8m97.4m100.5m103.1m107.3m109.1m

Current Assets

2.3b2.0b2.2b2.0b3.0b3.3b2.6b2.4b3.2b2.2b2.2b2.5b2.4b2.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

56.5m127.2m(1.0b)1.2b2.1b

Depreciation and Amortization

993.5m

Inventories

(336.0k)3.2m(2.6m)10.8m(4.7m)

Accounts Payable

419.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

15.6m191.6m365.3m414.7m212.6m339.1m433.8m91.2m605.7m1.2b253.0m494.6m266.3m406.7m

Depreciation and Amortization

641.8m207.7m410.7m613.1m206.4m415.0m619.7m199.8m406.7m616.5m249.8m494.5m268.8m565.0m

Inventories

9.2m6.3m5.4m8.5m731.0k(2.9m)1.1m6.6m6.4m11.1m(2.8m)(5.5m)(5.1m)(6.9m)

Accounts Payable

113.7m116.1m
USDY, 2018

EV/EBIT

36.9 x

EV/CFO

24.4 x

Financial Leverage

2.7 x
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MGM Resorts Online and Social Media Presence

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MGM Resorts News and Updates

MGM Resorts files suit against more than 1000 Route 91 victims

MGM Resorts files suit against more than 1000 Route 91 victimsMGM Resorts International has filed federal lawsuits against more than 1,000 victims and relatives of last October's shooting rampage in Las Vegas in a bid to squelch liability claims against the hotel-casino giant.

Las Vegas Shooter’s Position in Mandalay Bay Room Amplified Massacre

Las Vegas Shooter’s Position in Mandalay Bay Room Amplified MassacreThe gunman's spot on the 32nd floor of the Mandalay Bay Resort and Casino gave him an unobstructed and protected view of thousands at the Route 91 Harvest festival at the Las Vegas Village, and was effectively a sniper's perch, according to MSBNC law enforcement analyst Jim Cavanaugh.

Mandalay Bay attack: at least 58 killed in deadliest US shooting

Mandalay Bay attack: at least 58 killed in deadliest US shootingAt least 58 people were killed in the deadliest mass shooting in US history on Sunday night, when a gunman opened fire on an open-air music festival from the 32nd floor of the Mandalay Bay hotel and casino on the Las Vegas strip.

Las Vegas Aces & Universal Love Team Up to Support the LGBTQ Community for the 20th Annual PRIDE Night Parade Presented by MGM Resorts International

LAS VEGAS, Oct. 19, 2018 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will return for the 12th consecutive year as presenting sponsor of the 20th Annual PRIDE Parade to be held on Friday, Oct. 19 in downtown Las Vegas. The celebration – which is the largest annual LGBT event in...

The Boys & Girls Club of AC Kicks Off Building of New Teen Center for Economic Youth Development & College Readiness with a $500,000 Commitment from MGM Resorts International

ATLANTIC CITY, N.J., Oct. 12, 2018 /PRNewswire/ -- The Boys & Girls Club of Atlantic City will launch one of the most aggressive fundraising goals in its 45-year history with the announcement of a $2 million capital campaign to build a new Teen Center for Economic Development & College...

Longtime Gaming Executive Bobby Baldwin To Leave MGM Resorts International

LAS VEGAS, Oct. 4, 2018 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts") today announced that Robert Baldwin, Chief Customer Development Officer of MGM Resorts and CEO and President of CityCenter, will be leaving his positions at both companies later this year. Few...
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MGM Resorts Blogs

MGM Springfield Presents Legendary Artist Cher at MassMutual Center in 2019

SPRINGFIELD, Mass. (September 7, 2018) - MGM Springfield will welcome CHER, the Oscar, Emmy, GRAMMY and Golden Globe Award-winning Goddess of Pop, to the downtown neighborhood in April 2019 as she continues her partnership with MGM Resorts International.  Cher will bring her Here We Go Again Tour to…

MGM Springfield Venue & Entertainment Listings - October 2018

SPRINGFIELD, Mass. (October 2018) - Check out all of the entertainment events happening at MGM Springfield in the month of October. 

Legendary Rock Band Aerosmith Announces Las Vegas Residency "AEROSMITH: DEUCES ARE WILD" at Park Theater at Park MGM

LAS VEGAS (August 15, 2018) – America’s all-time top-selling rock ‘n’ roll band, Aerosmith, is bringing the heat to the Las Vegas Strip with their headlining residency, AEROSMITH: DEUCES ARE WILD. Shows begin Saturday, April 6, 2019 at Park Theater at the new Park MGM resort.  

GRAMMY Award-Winning Superstar Lady Gaga to Launch Exclusive Las Vegas Residency at Park Theater Friday, December 28

LAS VEGAS (August 7, 2018) – Six-time GRAMMY Award-winner, Golden Globe Award-winner and Academy Award-nominated superstar entertainer Lady Gaga will launch her exclusive residency at Park Theater at the new Park MGM resort Friday, Dec. 28. Citi is proud to join Lady Gaga and Park MGM as the offici…

MGM Resorts Company Life and Culture

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