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.

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
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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 Financials

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

Net income (Q1, 2018)

266.3 m

EBIT (Q1, 2018)

359.8 m

Market capitalization (23-May-2018)

17.6 b

Closing share price (23-May-2018)

31.6

Cash (31-Mar-2018)

1.5 b

EV

29.4 b
MGM Resorts's current market capitalization is $17.6 b.
Annual
usdFY, 2010FY, 2011FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

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

General and administrative expense

1.6 b

Operating expense total

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

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 m417.9 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 b2.5 b

Depreciation and amortization

268.8 m

EBIT

247.8 m412.6 m340 m286.5 m395.1 m348.5 m297.4 m316 m769.1 m712.8 m497.2 m501 m359.8 m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

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 b1.5 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 m505.6 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 m107.3 m

Current Assets

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

Net Income

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

Depreciation and Amortization

993.5 m

Inventories

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

Accounts Payable

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

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 m266.3 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 m268.8 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)(5.1 m)

Accounts Payable

113.7 m
USDY, 2018

EV/EBIT

81.6 x

EV/CFO

50.8 x

Financial Leverage

2.6 x
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MGM Resorts News and Updates

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.

MGM Resorts opens $3.4 bln casino in Macau as revenues boom

MACAU, Feb 13 (Reuters) - MGM Resorts opens its $3.4 billion casino resort in the Chinese-controlled territory of Macau on Tuesday, just days ahead of the Lunar New Year holiday, hoping to ride a boom in business in the world's biggest gaming hub.

MGM Resorts Gears Up for Springfield Casino Opening with New Corporate Offices

MGM Resorts International has recently moved into its new corporate offices in Springfield, Massachusetts, where it is currently building the $950-million MGM Springfield casino resort. The move comes as another indication that the major casino operator is well on schedule to complete and launch the…

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…
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