OverviewSuggest Edit

MGM Resorts International is a company that owns and operates integrated casino, hotel, and entertainment resorts. It offers first-class accommodations and dining, entertainment, meeting, and convention facilities, as well as retail and gaming experiences.

TypePublic
Founded1986
HQLas Vegas, NV, US
Websitemgmresorts.com
Employee Ratings3.6
Overall CultureC

Latest Updates

Employees (est.) (Dec 2019)52,000(-5%)
Job Openings1,410
Revenue (FY, 2020)$5.2 B(-59%)
Share Price (Jun 2021)$43.2(+2%)
Cybersecurity ratingFMore

Key People/Management at MGM Resorts

William J. Hornbuckle

William J. Hornbuckle

Chief Executive Officer and President, Director
Jonathan Halkyard

Jonathan Halkyard

Chief Financial Officer
Corey Sanders

Corey Sanders

Chief Financial Officer
John M. McManus

John M. McManus

Executive Vice President, General Counsel and Secretary
Laura Lee

Laura Lee

Chief Human Resources Officer
Paul Salem

Paul Salem

Chairman of the Board
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MGM Resorts Office Locations

MGM Resorts has offices in Las Vegas, Tokyo and Macau
Las Vegas, NV, US (HQ)
3600 S Las Vegas Blvd
Las Vegas, NV, US
840 Grier Dr
Tokyo, JP
Otemachi Park Building 6F 1-1-1 Otemachi, Chiyoda-ku
Macau, MO
Avenida Dr. Sun Yat Sen
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MGM Resorts Financials and Metrics

MGM Resorts Revenue

MGM Resorts's revenue was reported to be $5.16 b in FY, 2020
USD

Revenue (FY, 2020)

5.2b

Net income (FY, 2020)

(1.3b)

EBIT (FY, 2020)

(642.4m)

Market capitalization (11-Jun-2021)

21.2b

Closing stock price (11-Jun-2021)

43.2

Cash (31-Dec-2020)

5.1b

EV

38.0b
MGM Resorts's current market capitalization is $21.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

10.8b11.8b12.9b5.2b

Revenue growth, %

14%9%10%

Cost of goods sold

6.2b6.9b7.6b

Gross profit

4.6b4.8b5.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.8b2.9b3.0b3.2b3.2b3.3b2.3b289.8m1.1b

Cost of goods sold

1.6b1.7b1.8b1.9b1.9b1.9b1.4b

Gross profit

1.2b1.2b1.2b1.3b1.3b1.4b814.7m

Gross profit Margin, %

42%42%41%41%41%42%36%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.5b1.5b2.3b5.1b

Accounts Receivable

540.5m657.2m612.7m316.5m

Prepaid Expenses

200.8m

Inventories

102.3m110.8m102.9m88.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.5b1.3b1.3b1.2b1.2b1.2b6.0b4.8b4.6b

Accounts Receivable

505.6m497.4m546.6m602.6m562.8m550.3m454.8m287.1m328.4m

Prepaid Expenses

223.9m245.3m

Inventories

107.3m109.1m104.4m111.3m106.7m104.2m106.3m106.8m97.3m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

2.1b583.9m2.2b(1.3b)

Depreciation and Amortization

993.5m1.2b1.3b1.2b

Inventories

(4.7m)(7.9m)6.5m14.7m

Accounts Payable

419.5m21.5m465.6m(1.4b)
Quarterly
USDFY, 2017

Revenue/Employee

211.3k

Debt/Equity

1.1 x

Debt/Assets

0.4 x

Financial Leverage

2.5 x
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MGM Resorts Operating Metrics

FY, 2017FY, 2018FY, 2019

Rooms (Domestic Resorts)

41.4 k

Rooms (Las Vegas Strip Resorts)

34.92 k31.1 k

Rooms (Regional Operations)

6.6 k6.59 k

Rooms (MGM China)

5821.95 k1.97 k
Show all operating metrics

MGM Resorts Acquisitions / Subsidiaries

Company NameDateDeal Size
San Antonio StartsOctober 17, 2017
Borgata Hotel Casino and SpaJune 01, 2016
Mirage Resorts, LLCMarch 07, 2000
550 Leasing Company II, LLC
AC Holding Corp.
AC Holding Corp. II
Arena Land Holdings, LLC
Aria Resort & Casino, LLC
Beau Rivage Resorts, LLC
Bellagio, LLC
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MGM Resorts Revenue Breakdown

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MGM Resorts revenue breakdown by business segment: 45.2% from Las Vegas Strip Resorts, 27.5% from Regional Operations, 22.5% from MGM China and 4.8% from Other

MGM Resorts Cybersecurity Score

Cybersecurity ratingPremium dataset

F

59/100

SecurityScorecard logo

MGM Resorts Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

MGM Resorts Online and Social Media Presence

Embed Graph

MGM Resorts Company Culture

  • Overall Culture

    C

    66/100

  • CEO Rating

    C

    65/100

  • Compensation

    C

    63/100

  • Diversity

    C

    65/100

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MGM Resorts News and Updates

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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.
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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.
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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.

MGM Resorts stock rallies after J.P. Morgan analyst turns bullish after recent pullback

Shares of MGM Resorts International rallied 2.7% in afternoon trading Tuesday, after J.P. Morgan analyst Joseph Greff turned bullish on the casino operator, citing valuation and increasing momentum as its U.S. casinos. Greff raised his rating to overweight, after being at neutral for the past year,…

JPMorgan says to buy the dip in MGM Resorts as Vegas foot traffic rebounds

The bank Joseph Greff upgraded the stock to overweight from neutral, citing improved customer traffic in Las Vegas.

Sports Betting Set For Explosive Growth in 2021: CEO’s of MGM Resorts, FansUnite, fuboTV, and DraftKings Share Outlook

NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: MGM Resorts International (NYSE: MGM), FansUnite (OTC: FUNFF) (CSE: FANS), fuboTV (NYSE: FUBO), and DraftKings …
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MGM Resorts Blogs

MGM SPRINGFIELD ENTERTAINMENT & VENUE LISTINGS - MAY 2019

SPRINGFIELD, MASS. (May 2019) - Check out all of the entertainment events and happenings at MGM Springfield during the month of May. 

MGM Springfield Brings Steve Martin and Martin Short: 'Now You See Them, Soon You Won't' Tour to Symphony Hall

SPRINGFIELD, MASS (April 1, 2019) – MGM Springfield is pleased to announce comedic icons Steve Martin and Martin Short will bring their new comedy special "Now You See Them, Soon You Won't" to Symphony Hall Thursday, Sept. 12 at 8 p.m.

MGM Springfield Launches 'MGM LIVE' Summer Concert Series on The Plaza

SPRINGFIELD, MASS. (March 25, 2019) – MGM Springfield, New England's premier entertainment destination, is heating up the summer season with MGM LIVE Presented by The Big E. The Plaza will host the exciting concert series featuring a variety of complimentary and ticketed live performances beginning …

MGM Springfield Introduces Greyhound Bus Service from Boston and New York City

SPRINGFIELD, MASS. (March 11, 2019) – MGM Springfield is partnering with Greyhound, the largest North American provider of intercity bus service, to offer guests a convenient and affordable mode of travel from Boston and New York City beginning March 18. Riders will enjoy the ease of safe, comfortab…

MGM SPRINGFIELD ENTERTAINMENT & VENUE LISTINGS - APRIL 2019

SPRINGFIELD, MASS. (April 2019) - Check out all of the entertainment events and happenings at MGM Springfield during the month of April. 

Collective Soul and Gin Blossoms to Rock MGM Springfield in June

SPRINGFIELD, MASS. (March 19, 2019) – MGM Springfield continues to energize the entertainment scene in downtown Springfield, bringing "Now's The Time Tour – Collective Soul and Gin Blossoms" to The Plaza Saturday, June 1 at 8:30 p.m.
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MGM Resorts Frequently Asked Questions

  • When was MGM Resorts founded?

    MGM Resorts was founded in 1986.

  • Who are MGM Resorts key executives?

    MGM Resorts's key executives are William J. Hornbuckle, Jonathan Halkyard and Corey Sanders.

  • How many employees does MGM Resorts have?

    MGM Resorts has 52,000 employees.

  • What is MGM Resorts revenue?

    Latest MGM Resorts annual revenue is $5.2 b.

  • What is MGM Resorts revenue per employee?

    Latest MGM Resorts revenue per employee is $99.3 k.

  • Who are MGM Resorts competitors?

    Competitors of MGM Resorts include Caesars Entertainment, Las Vegas Sands and Marriott International.

  • Where is MGM Resorts headquarters?

    MGM Resorts headquarters is located at 3600 S Las Vegas Blvd, Las Vegas.

  • Where are MGM Resorts offices?

    MGM Resorts has offices in Las Vegas, Tokyo and Macau.

  • How many offices does MGM Resorts have?

    MGM Resorts has 4 offices.