Company MGM Resorts International

Equities

MGM

US5529531015

Casinos & Gaming

Real-time Estimate Cboe BZX 11:20:26 2024-02-28 am EST 5-day change 1st Jan Change
41.82 USD -0.42% Intraday chart for MGM Resorts International -0.74% -6.03%

Business Summary

MGM Resorts International is one of the world's leading casino operators. At the end of 2021, the group operates 19 casino hotels in the United States (17; Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, Excalibur, New York-New York, Monte Carlo, Circus Circus Las Vegas, Aria, etc.) and in China (2; MGM Macau and MGM Cotai). Additionally, the group owns 50% of CityCenter and 50% of Greater Victoria. Net sales break down by activity as follows:

- casinos operation (55.4%): 29,382 slot machines and 1,936 gaming tables operated at the end of 2021;

- hotel operation (17.5%): operation of 45,157 hotel rooms (including 31,098 hotel rooms in the United States);

- catering (14.4%);

- operation of leisure sites and stores (10.4%);

- other (2.3%).

Net sales are distributed geographically as follows: the United States (87.5%) and China (12.5%).

Number of employees: 67,000

Sales per Business

USD in Million2022Weight2023Weight Delta
Las Vegas Strip Resorts
54.4 %
8,398 64.0 % 8,799 54.4 % +4.77%
Regional Operations
22.7 %
3,816 29.1 % 3,670 22.7 % -3.81%
MGM China
19.5 %
674 5.1 % 3,154 19.5 % +368.18%
Corporate and Other
3.3 %
240 1.8 % 541 3.3 % +125.84%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
77.1 %
12,214 93.0 % 12,469 77.1 % +2.09%
China
19.5 %
674 5.1 % 3,154 19.5 % +368.18%
Corporate and Other
3.3 %
240 1.8 % 541 3.3 % +125.84%

Managers

Managers TitleAgeSince
Chief Executive Officer 66 09-07-31
Director of Finance/CFO 59 21-01-10
Chief Administrative Officer - -
Chief Administrative Officer 56 08-06-30
Compliance Officer - -
Chief Operating Officer 60 07-07-31
Investor Relations Contact - -
Corporate Officer/Principal - -
General Counsel - -
Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 82 20-08-19
Chairman 60 18-08-21
Director/Board Member 71 04-12-31
Director/Board Member 67 06-12-31
Director/Board Member 56 14-02-05
Director/Board Member 76 01-12-31
Chief Executive Officer 66 09-07-31
Director/Board Member 54 18-03-13
Director/Board Member 44 20-08-19
Director/Board Member 42 23-02-28

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 319,678,271 274,301,941 ( 85.81 %) 0 85.81 %

Shareholders

NameEquities%Valuation
IAC INC.
18.95 %
64,723,602 18.95 % 2 807 M $
Vanguard Fiduciary Trust Co.
8.922 %
30,476,791 8.922 % 1 322 M $
BlackRock Advisors LLC
5.181 %
17,697,187 5.181 % 768 M $
10,841,090 3.174 % 470 M $
Davis Selected Advisers LP
3.025 %
10,332,109 3.025 % 448 M $
T. Rowe Price Investment Management, Inc.
2.087 %
7,130,512 2.087 % 309 M $
Capital Research & Management Co. (World Investors)
1.918 %
6,551,310 1.918 % 284 M $
Corvex Management LP
1.881 %
6,423,778 1.881 % 279 M $
Geode Capital Management LLC
1.762 %
6,020,032 1.762 % 261 M $
Morgan Stanley Investment Management, Inc.
1.665 %
5,687,748 1.665 % 247 M $

Holdings

NameEquities%Valuation
2,126,100,001 55.95% 2,640,871,333 $
16,647,124 14.16% 36,623,673 $

Company contact information

MGM Resorts International

3600 Las Vegas Boulevard South

89109, Las Vegas

+702 693 7120

http://www.mgmresorts.com
address MGM Resorts International(MGM)

Group companies

NameCategory and Sector
Casinos/Gaming
Real Estate Investment Trusts
Real Estate Development
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