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 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)

5.7 b

Net income (Q2, 2018)

406.7 m

EBIT (Q2, 2018)

722.8 m

Market capitalization (16-Aug-2018)

15.2 b

Closing stock price (16-Aug-2018)

28.3

Cash (30-Jun-2018)

1.3 b

EV

27.5 b
MGM Resorts's current market capitalization is $15.2 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, 2018Q2, 2018

Revenue

5.7 b

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 m856.3 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 b5 b

Depreciation and amortization

268.8 m565 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, 2018Q2, 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 b1.3 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 m497.4 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 m109.1 m

Current Assets

2.3 b2 b2.2 b2 b3 b3.3 b2.6 b2.4 b3.2 b2.2 b2.2 b2.5 b2.4 b2.1 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, 2018Q2, 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 m406.7 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 m565 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)(6.9 m)

Accounts Payable

113.7 m116.1 m
USDY, 2018

EV/EBIT

38 x

EV/CFO

25.1 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.

Casino and Gaming Global Market 2018: Key Players – Caesars Entertainment, Galaxy Entertainment, Las Vegas Sands, MGM Resorts, SJM Holdings

Casino and Gaming -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

MGM Resorts First to Market with Mississippi Sports Wagering

BILOXI, Miss. and TUNICA, Miss., Aug. 1, 2018 /PRNewswire/ -- History was made today in Mississippi, as two Magnolia State resorts, Beau Rivage Resort & Casino in Biloxi and Gold Strike Casino Resort in Tunica, held simultaneous events to usher in the era of legal sports wagering....

Political Consultant and Women's Advocate Valerie Biden Owens Will Speak at MGM Resorts International's Women's Leadership Conference

LAS VEGAS, Aug. 1, 2018 /PRNewswire/ -- Valerie Biden Owens, one of the first women in the United States to manage modern Senatorial and Presidential campaigns, will speak at The MGM Resorts Foundation's 12th annual Women's Leadership Conference (WLC). The conference will be held Aug. 27...
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MGM Resorts Company Life and Culture

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