Powerpack

Unlock full stockrow access for only $9.90/month and boost yourself as an investor.

  • Full quarterly history

    Every quarter and TTM period we hold, not just the last 12.

  • Analyst estimates

    Three years of forward estimates and dividend forecasts.

  • Unlimited screener

    All results, unlimited saved screens, email when a screen changes.

  • Unlimited Excel

    Full workbooks and screener exports.

  • Unlimited follows

See Powerpack
Screener Weekly Summary Pricing

MGM Resorts International MGM

Consumer Cyclical  —  Resorts & Casinos
32.58 (1.11) (3.29%) as of 25 Sep
Market cap
$8.5B
P/E
19.4×
S&P 500 Member Revenue Champion (5y) Insider Buys (last 12m)
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

MGM Resorts International (MGM) Business Profile

Updated before January 2025

Company Overview

MGM Resorts International (MGM) is a globally recognized hospitality and entertainment company headquartered in Las Vegas, Nevada, USA. Founded in 1986, MGM has grown into one of the largest and most influential players in the gaming, hospitality, and entertainment industries. The company was originally established as MGM Grand, Inc. and later rebranded to MGM Resorts International in 2010 to reflect its diversified portfolio and global reach.

MGM Resorts operates a wide range of properties, including luxury hotels, casinos, and entertainment venues. The company is led by a seasoned executive team, with Bill Hornbuckle serving as the President and Chief Executive Officer (CEO). Under his leadership, MGM has focused on expanding its global footprint, enhancing customer experiences, and driving innovation in the hospitality and gaming sectors.

Core Business Segments

MGM Resorts International operates across several core business segments, offering a diverse range of products and services:

1. Gaming and Casinos

  • MGM is renowned for its world-class casino operations, which include slot machines, table games, poker rooms, and sports betting. The company operates some of the most iconic casinos in Las Vegas, such as the Bellagio, MGM Grand, and Mandalay Bay.
  • MGM also has a strong presence in online gaming and sports betting through its BetMGM platform, which has become a leading player in the rapidly growing digital gaming market.

2. Hospitality and Accommodations

  • MGM owns and operates a portfolio of luxury hotels and resorts, offering premium accommodations, fine dining, and exceptional customer service. Notable properties include The Mirage, Aria Resort & Casino, and Park MGM.
  • The company also provides convention and meeting spaces, catering to business travelers and large-scale events.

3. Entertainment and Live Events

  • MGM is a leader in live entertainment, hosting concerts, theatrical productions, and sporting events at its venues. The T-Mobile Arena in Las Vegas and the MGM Grand Garden Arena are prime examples of its state-of-the-art facilities.
  • The company collaborates with renowned artists, performers, and production companies to deliver unforgettable experiences.

4. Food and Beverage

  • MGM offers a wide array of dining options, ranging from casual eateries to Michelin-starred restaurants. The company partners with celebrity chefs and culinary experts to provide unique dining experiences.

5. Retail and Other Services

  • MGM properties feature high-end retail outlets, spas, and wellness centers, enhancing the overall guest experience.
  • The company also provides loyalty programs, such as M life Rewards, to incentivize customer engagement and retention.

Business Model

MGM Resorts International operates a vertically integrated business model that combines hospitality, gaming, and entertainment to create a seamless customer experience. The company generates revenue through multiple streams, including:

  • Gaming Revenue: Income from casino operations, including slot machines, table games, and sports betting.
  • Hotel Revenue: Earnings from room bookings, resort fees, and ancillary services.
  • Entertainment Revenue: Ticket sales for live events, concerts, and shows.
  • Food and Beverage Revenue: Revenue from restaurants, bars, and catering services.
  • Retail and Other Revenue: Income from retail sales, spa services, and other amenities.

MGM leverages its brand reputation, strategic partnerships, and technological innovations to attract a diverse customer base and maximize profitability.

Strategic Direction

MGM Resorts International is focused on several strategic initiatives to drive future growth and sustainability:

  • Global Expansion: MGM is actively pursuing opportunities to expand its presence in international markets, particularly in Asia. The company’s integrated resort in Macau and its plans for a resort in Japan highlight its commitment to global growth.
  • Digital Transformation: Through BetMGM, the company is capitalizing on the growing popularity of online gaming and sports betting. MGM aims to expand its digital footprint and enhance its technological capabilities.
  • Sustainability Goals: MGM is committed to environmental sustainability and has implemented initiatives to reduce its carbon footprint, conserve water, and promote renewable energy. The company’s “Focused on What Matters” program outlines its long-term sustainability objectives.
  • Customer Experience: MGM continues to invest in enhancing the guest experience through personalized services, innovative technologies, and world-class amenities.

Competitive Landscape

MGM Resorts International operates in a highly competitive industry, facing competition from both domestic and international players. Key competitors include:

  • Caesars Entertainment: A major rival in the gaming and hospitality sectors, with a strong presence in Las Vegas and other markets.
  • Wynn Resorts: Known for its luxury resorts and casinos, Wynn competes with MGM in the high-end market segment.
  • Las Vegas Sands: A global leader in integrated resorts, with a significant presence in Asia.
  • Online Gaming Companies: BetMGM faces competition from platforms like DraftKings, FanDuel, and Caesars Sportsbook in the digital gaming space.

Risk Factors

MGM faces several risks that could impact its operations and financial performance:

  • Economic Dependence: The company’s revenue is heavily reliant on consumer spending, which can be affected by economic downturns and changes in discretionary income.
  • Regulatory Challenges: MGM operates in a highly regulated industry, and changes in laws or regulations could impact its business.
  • Market Competition: Intense competition in the gaming and hospitality sectors poses a constant challenge.
  • Supply Chain Disruptions: The company’s operations depend on a reliable supply chain, and disruptions could affect its ability to deliver services.
  • Geopolitical Risks: MGM’s international operations expose it to geopolitical uncertainties and currency fluctuations.

Recent Developments

  • Digital Expansion: BetMGM has continued to expand its presence in the U.S. online gaming market, launching in new states and introducing innovative features.
  • Sustainability Initiatives: MGM recently announced plans to achieve net-zero greenhouse gas emissions by 2050, reinforcing its commitment to sustainability.
  • Strategic Partnerships: The company has entered into partnerships with leading technology providers to enhance its digital offerings and customer experience.
  • Post-Pandemic Recovery: MGM has seen a strong rebound in demand for its services as global travel and tourism recover from the COVID-19 pandemic.

Investment Considerations

Strengths:

  • Strong brand recognition and a diversified portfolio of properties.
  • Leadership in the gaming and hospitality industries.
  • Growing presence in the digital gaming market through BetMGM.
  • Commitment to sustainability and innovation.

Risks:

  • Dependence on consumer spending and economic conditions.
  • Exposure to regulatory and geopolitical risks.
  • Intense competition in both traditional and digital markets.

Conclusion

MGM Resorts International is a leading player in the gaming, hospitality, and entertainment industries, with a strong brand, diversified portfolio, and global presence. The company’s focus on innovation, sustainability, and customer experience positions it well for future growth. However, investors should consider the risks associated with economic dependence, regulatory challenges, and market competition. Overall, MGM remains a compelling choice for those seeking exposure to the dynamic and evolving hospitality and gaming sectors.