OverviewSuggest Edit

MGM Resorts International is a company that develops, builds, and operates unique destination resorts. It offers first-class accommodations and dining, entertainment, meeting, and convention facilities, as well as retail and gaming experiences.

TypePublic
Founded1986
HQLas Vegas, US
Websitemgmresorts.com
Employee Ratings3.5
Culture scoreB+

Latest Updates

Employees (est.) (Dec 2019)52,000(-5%)
Job Openings2
Revenue (FY, 2019)$12.9 B(+10%)
Share Price (May 2020)$15.9

Key People/Management at MGM Resorts

Bill Hornbuckle

Bill Hornbuckle

President and Chief Executive Officer
Corey Sanders

Corey Sanders

Chief Financial Officer
Atif Rafiq

Atif Rafiq

President of Commercial & Growth
John McManus

John McManus

Executive Vice President, General Counsel and Secretary
Laura Lee

Laura Lee

Senior Vice President of Human Resources
Rose McKinney-James

Rose McKinney-James

Director
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MGM Resorts Office Locations

MGM Resorts has an office in Las Vegas
Las Vegas, US (HQ)
3600 S Las Vegas Blvd
Las Vegas, US
840 Grier Dr
Show all (2)

MGM Resorts Financials and Metrics

MGM Resorts Revenue

MGM Resorts's revenue was reported to be $12.90 b in FY, 2019
USD

Revenue (Q1, 2020)

2.3b

Net income (Q1, 2020)

674.5m

EBIT (Q1, 2020)

1.3b

Market capitalization (22-May-2020)

7.8b

Closing stock price (22-May-2020)

15.9

Cash (31-Mar-2020)

6.0b

EV

22.1b
MGM Resorts's current market capitalization is $7.8 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.5b10.8b11.8b12.9b

Revenue growth, %

(5%)14%9%

Cost of goods sold

5.5b6.2b6.9b

Gross profit

4.0b4.6b4.8b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

2.2b2.3b2.5b2.7b2.6b2.8b2.8b2.9b3.0b3.2b3.2b3.3b2.3b

Cost of goods sold

1.3b1.3b1.4b1.5b1.5b1.6b1.6b1.7b1.8b1.9b1.9b1.9b

Gross profit

908.0m956.5m1.1b1.2b1.1b1.2b1.2b1.2b1.2b1.3b1.3b1.4b

Gross profit Margin, %

41%42%43%44%43%44%42%42%41%41%41%42%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.4b1.5b1.5b2.3b

Accounts Receivable

542.9m540.5m657.2m612.7m

Prepaid Expenses

142.3m189.2m203.5m200.3m

Inventories

97.7m102.3m110.8m102.9m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.2b2.1b583.9m2.2b

Depreciation and Amortization

849.5m993.5m1.2b1.3b

Inventories

10.8m(4.7m)(7.9m)6.5m

Accounts Payable

272.8m419.5m21.5m465.6m
USDY, 2020

EV/EBIT

17.6 x

EV/CFO

-52.1 x

Financial Leverage

2.9 x
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MGM Resorts Operating Metrics

FY, 2016FY, 2017FY, 2018

Rooms (Domestic Resorts)

41.37 k41.40 k

Rooms (Las Vegas Strip Resorts)

34.92 k

Rooms (Regional Operations)

6.60 k

Rooms (MGM China)

582 582 1.95 k
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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: 22.1% from MGM China, 26.4% from Regional Operations and 51.5% from Las Vegas Strip Resorts

MGM Resorts Online and Social Media Presence

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MGM Resorts Company Culture

  • Overall Culture

    B+

    72/100

  • CEO Rating

    A

    75/100

  • Compensation

    B-

    68/100

  • Diversity

    B

    71/100

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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 International Provides Critical Resources And Support To Community Partners As They Respond To The COVID-19 Crisis

LAS VEGAS, April 9, 2020 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today announced a broad range of donations and initiatives intended to help alleviate supply shortages and support local communities through the coronavirus (COVID-19) pandemic. By leveraging its supply chain,...

MGM Resorts shares — up 90% in past three sessions — weaken on Friday

MGM Resorts shares — up 90% in past three sessions — weaken on Friday

Bruno Mars Pledges $1 Million To The MGM Resorts Foundation For MGM Employee Emergency Grant Fund & Children's Medical Support Fund

LAS VEGAS, March 26, 2020 /PRNewswire/ -- GRAMMY Award-winning entertainer Bruno Mars, who has been a performer at the Park MGM theater, announced today that he has donated $1 million to the MGM Resorts Foundation to support MGM employees impacted economically by the coronavirus...
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MGM Resorts Blogs

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 Entertainment & Venue Listings - March 2019

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

Roar! Comedy Series at MGM Springfield Adds Marty Caproni and Friends and Dry Bar Comedy Group to Lineup

SPRINGFIELD, MASS (January 3, 2019) – MGM Springfield and John Tobin Presents announced today the addition of Marty Caproni and Friends and Dry Bar Comedy Group to the Roar! Comedy Series lineup inside the historic Armory at MGM Springfield.

MGM Springfield Rings in Year of the Pig with Traditional Lion Dance on February 9

SPRINGFIELD, MASS. (January 30, 2019) – MGM Springfield makes its mark with another first commemorating Lunar New Year 2019, the Year of the Pig, with a traditional lion dance on Saturday, February 9.  

MGM Springfield Introduces Exclusive Benefits in New England for M life Rewards® Members

SPRINGFIELD, MASS. (January 18, 2019) – MGM Springfield, New England's first integrated luxury resort and entertainment destination, has introduced a new series of exciting benefits throughout New England for members of M life Rewards, MGM Resorts' industry-leading loyalty program.  

Roar! Comedy Series at MGM Springfield Adds Eight New Comedians to Extensive Lineup

SPRINGFIELD, MASS (December 26, 2018) – MGM Springfield and John Tobin Presents announced today the addition of eight new comedians to the Roar! Comedy Series lineup inside the historic Armory at MGM Springfield.
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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 Bill Hornbuckle, Corey Sanders and Atif Rafiq.

  • How many employees does MGM Resorts have?

    MGM Resorts has 52,000 employees.

  • What is MGM Resorts revenue?

    Latest MGM Resorts annual revenue is $12.9 b.

  • What is MGM Resorts revenue per employee?

    Latest MGM Resorts revenue per employee is $248.1 k.

  • Who are MGM Resorts competitors?

    Competitors of MGM Resorts include Caesars Entertainment, Wynn Resorts and Oak Bay Beach Hotel.

  • 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 an office in Las Vegas.

  • How many offices does MGM Resorts have?

    MGM Resorts has 2 offices.