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.

Company Growth (employees)
Type
Public
HQ
Las Vegas, US
Founded
1986
Size (employees)
52,000 (est)
MGM Resorts was founded in 1986 and is headquartered in Las Vegas, US

Key People/Management at MGM Resorts

James Murren

James Murren

Chairman & CEO
Patrick Hoefler

Patrick Hoefler

Executive Chef
Kelly Smith

Kelly Smith

Senior Vice President And Chief Digital Officer
Michael Dominguez

Michael Dominguez

Chief Sales Officer
Lilian Tomovich

Lilian Tomovich

Chief Experience Officer/CMO
Stacey Taylor

Stacey Taylor

SVP & Chief Procurement Officer
Sy Esfahani

Sy Esfahani

Chief Information Officer
Marcus Glover

Marcus Glover

President & COO
Cindy Ortega

Cindy Ortega

SVP and Chief Sustainability Officer
Cliff Atkinson

Cliff Atkinson

Senior Vice President

MGM Resorts Office Locations

MGM Resorts has offices in Las Vegas, Oxon Hill, Detroit, Biloxi and in 2 other locations
Las Vegas, US (HQ)
3600 Las Vegas Boulevard South
Las Vegas, US
600 S Las Vegas Blvd
Las Vegas, US
3730 S Las Vegas Blvd
Las Vegas, US
2600 W Harmon Ave
Las Vegas, US
3950 S Las Vegas Blvd
Las Vegas, US
3940 S Las Vegas Blvd
Show all (19)

MGM Resorts Financials and Metrics

MGM Resorts Financials

MGM Resorts's revenue was reported to be $9.5 b in FY, 2016
USD

Net income (Q2, 2017)

241.6 m

EBIT (Q2, 2017)

501 m

Market capitalization (13-Dec-2017)

19.3 b

Cash (30-Jun-2017)

1.8 b
MGM Resorts's current market capitalization is $19.3 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

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

Revenue growth, %

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

EBIT

1.1 b1.3 b(156.2 m)2.1 b

EBIT margin, %

11%12%(2%)22%
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

General and administrative expense

342.8 m319.2 m327.5 m347.5 m328.2 m333.7 m340.5 m308.5 m321.4 m372 m388.8 m354.5 m

Operating expense total

2.2 b2.2 b2.2 b2.2 b2.1 b2.1 b2 b1.9 b1.9 b1.8 b2.3 b2.2 b

EBIT

247.8 m412.6 m340 m286.5 m395.1 m348.5 m297.4 m316 m769.1 m712.8 m497.2 m501 m

Pre tax profit

15.5 m188.1 m121.2 m60.6 m156.3 m122.7 m78.2 m112.5 m523 m516.3 m315.4 m315.7 m
USDY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

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

Accounts Receivable

488.2 m473.3 m480.6 m542.9 m

Inventories

107.9 m104 m104.2 m97.7 m

Current Assets

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

Net Income

56.5 m127.2 m(1 b)1.2 b

Accounts Receivable

(59.8 m)(32.4 m)(62.7 m)(33.2 m)

Inventories

(336 k)3.2 m(2.6 m)10.8 m

Cash From Operating Activities

1.3 b1.1 b1 b1.5 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

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

Depreciation and Amortization

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

Accounts Receivable

15.3 m(14.2 m)(10 m)21.7 m(6.4 m)(30.1 m)(45.3 m)22.7 m37.4 m24.7 m36.2 m63.2 m

Inventories

9.2 m6.3 m5.4 m8.5 m731 k(2.9 m)1.1 m6.6 m6.4 m11.1 m(2.8 m)(5.5 m)
Y, 2017

Financial Leverage

2.8 x
Show all financial metrics

MGM Resorts Market Value History

MGM Resorts's Web-traffic and Trends

MGM Resorts Online and Social Media Presence

MGM Resorts News and Updates

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

The 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

At 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.

MGM Resorts Commences Search for Springfield Casino Staff

Gambling operator MGM Resorts International has opened a career center in Springfield, Massachusetts, seeking employees for its $950-plus-million gambling resort currently under development in the heart of the city. The Las Vegas-based company was granted a license to develop a hotel and casino comp…

Casino Operator MGM Resorts International Eyes Japan and Macau for Asian Expansion

Las Vegas-headquartered casino operator MGM Resorts International is mainly interested in extending its footprint in two particular Asian jurisdictions – Macau and Japan, despite the fact that a number of other countries in the Asia-Pacific region, including the Philippines and South Korea, are offe…

MGM Resorts Company Life and Culture

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