Business description: MGM Resorts International

MGM Resorts International is one of the world's leading casino operators. At the end of 2023, 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 BetMGM. Net sales break down by activity as follows:

- casinos operation (50%): 27,352 slot machines and 2,117 gaming tables operated at the end of 2023;

- hotel operation (21.7%): operation of 44,654 hotel rooms (including 42,651 hotel rooms in the United States);

- catering (17.9%);

- operation of leisure sites and stores (10.1%);

- other (0.3%).

Net sales are distributed geographically as follows: the United States (79.8%) and China (20.2%).

Number of employees: 67,000

Sales by Activity: MGM Resorts International

Fiscal Period: December20192020202120222023

Las Vegas Strip Resorts

5.83B 2.25B 4.74B 8.4B 8.8B

Regional Operations

3.55B 1.97B 3.39B 3.82B 3.67B

MGM China

2.91B 657M 1.21B 674M 3.15B

Corporate and other

613M 292M 340M 240M 541M
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Geographical breakdown of sales: MGM Resorts International

Fiscal Period: December20192020202120222023
See all geographic segments

Managers: MGM Resorts International

Director TitleAgeSince
Chief Executive Officer 67 2020-03-21
Director of Finance/CFO 60 2021-01-10
Chief Administrative Officer - -
Chief Administrative Officer 58 2022-08-31
Director of Finance/CFO 61 2019-02-28
See MGM RESORTS INTERNATIONAL governance

Members of the board: MGM Resorts International

Manager TitleAgeSince
Director/Board Member 77 2001-12-31
Director/Board Member 72 2004-12-31
Director/Board Member 68 2006-12-31
Director/Board Member 67 2020-07-28
Director/Board Member 57 2014-02-05
Director/Board Member 55 2018-03-13
Chairman 61 2020-03-21
Director/Board Member 52 2019-01-17
Director/Board Member 83 2020-08-19
Director/Board Member 45 2020-08-19
Composition of the Board of Directors

Shareholders: MGM Resorts International

NameEquities%Valuation
IAC INC.
21.74 %
64,723,602 21.74 % 2 232 M $
Vanguard Fiduciary Trust Co.
8.757 %
26,073,527 8.757 % 899 M $
Davis Selected Advisers LP
6.691 %
19,920,713 6.691 % 687 M $
Davis Selected Advisers LP
6.691 %
19,920,713 6.691 % 687 M $
BlackRock Advisors LLC
4.719 %
14,049,517 4.719 % 484 M $
List of MGM RESORTS INTERNATIONAL shareholders

Holdings: MGM Resorts International

NameEquities%Valuation
2,126,100,00155.95%2,985,554,665 $
16,647,12415.38%29,132,467 $

Company details: MGM Resorts International

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: MGM Resorts International

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

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Change 5d. change 1-year change 3-years change Capi.($)
+0.29%+0.38%-26.90%-24.40% 10.23B
+1.55%-3.77%-23.08%-7.24% 29.99B
+1.78%-4.03%-25.87%-14.73% 8.53B
+1.34%+1.34%-25.98%-1.95% 6.63B
+0.31%-2.14%-8.14%-40.00% 2.21B
+3.00%+3.00%-3.61%-53.22% 2.12B
+7.88%+7.09%+31.75%+20.72% 1.71B
+1.59%-4.48%-17.42%-87.69% 899M
-2.70%-12.20%-69.34%-40.89% 728M
Average +2.77%-1.06%-18.73%-27.71% 7.01B
Weighted average by Cap. +3.29%-2.32%-22.17%-13.95%
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Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
34.37USD
Average target price
48.37USD
Spread / Average Target
+40.73%
Consensus

Quarterly revenue - Rate of surprise

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