About MGM Resorts International
MGM Resorts International is a company based in Las Vegas (United States) founded in 1986.. The company has 45,000 employees as of December 31, 2023. MGM Resorts International has completed 4 acquisitions, including Empire City Casino, LeoVegas Group and Push Gaming. MGM Resorts International offers products and services including Bellagio Resort, BetMGM, MGM Rewards, and ARIA Resort. MGM Resorts International operates in a competitive market with competitors including Hilton, Hyatt, Radisson Hotels, Indian Hotels and Wynn Resorts, among others.
- Headquarter Las Vegas, United States
- Employees 45000 as on 31 Dec, 2023
- Stage Public
-
Sectors
Travel & Hospitality
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
$357.67 K (USD)9as on Dec 31, 2023
-
Net Profit
$76.94 K (USD)-26as on Dec 31, 2023
-
EBITDA
-
Latest Funding Round
-
Investors
Bank of America
& 1 more
-
Employee Count
45000
as on Dec 31, 2023
-
Investments & Acquisitions
Empire City Casino
& 3 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of MGM Resorts International
MGM Resorts International is a publicly listed company on the NYSE with ticker symbol MGM in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of MGM Resorts International
MGM Resorts International offers a comprehensive portfolio of products and services, including Bellagio Resort, BetMGM, MGM Rewards, and ARIA Resort. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Luxury resort offering gaming, dining, and entertainment in Las Vegas.
Platform for online sports betting and gaming experiences.
Program for earning benefits on stays and entertainment services.
Modern resort with entertainment and dining options in Las Vegas.
Unlock access to complete
Unlock access to complete
Leadership Team
96 people
Software Development Team
70 people
Sales and Marketing
50 people
Finance and Accounting
29 people
Product Management Team
27 people
Senior Team
24 people
Operations Team
20 people
Legal and Compliance
16 people
Unlock access to complete
Funding Insights of MGM Resorts International
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
-
First Round
First Round
(01 Apr 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Post-IPO - MGM Resorts International | Valuation |
investors |
|
| Aug, 2020 | Amount | Post-IPO - MGM Resorts International | Valuation |
investors |
|
| Feb, 2019 | Amount | Debt – Conventional - MGM Resorts International | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MGM Resorts International
MGM Resorts International has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Bank of America and IAC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Acquisitions and creations of media and internet brands are managed.
|
Founded Year | Domain | Location | |
|
Commercial banking and asset management services are offered worldwide.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by MGM Resorts International
MGM Resorts International has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Empire City Casino, LeoVegas Group and Push Gaming. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Swedish mobile gaming company and provider of online casino and sports betting services
|
2012 | ||||
|
Developer of online casino gaming solutions
|
2010 | ||||
|
Hotels are operated by Sydell Group in the United States.
|
2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - MGM Resorts International
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mgm Resorts International Comparisons
Competitors of MGM Resorts International
MGM Resorts International operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hilton, Hyatt, Radisson Hotels, Indian Hotels and Wynn Resorts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hotels and resorts are operated globally in the hospitality sector.
|
|
| domain | founded_year | HQ Location |
Global hotel chain
|
|
| domain | founded_year | HQ Location |
A network of hotels and resorts is operated internationally.
|
|
| domain | founded_year | HQ Location |
Luxury hotels and resorts are owned and operated internationally.
|
|
| domain | founded_year | HQ Location |
Developer and operator of high-end hotels and casinos
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mgm Resorts International
Frequently Asked Questions about MGM Resorts International
When was MGM Resorts International founded?
MGM Resorts International was founded in 1986 and raised its 1st funding round 24 years after it was founded.
Where is MGM Resorts International located?
MGM Resorts International is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
How many employees does MGM Resorts International have?
As of Dec 31, 2023, the latest employee count at MGM Resorts International is 45,000.
What is the annual revenue of MGM Resorts International?
Annual revenue of MGM Resorts International is $357.67K as on Dec 31, 2023.
What does MGM Resorts International do?
MGM Resorts International was founded in 1986 and is headquartered in Las Vegas, United States. A range of hotels, resorts, and casino properties is managed across the United States and select international locations within the hospitality and gaming industries. Services such as accommodations, entertainment venues, and gaming operations are provided to guests. In 2022, annual revenues of 13.12 billion were generated, with a net profit of 1.47 billion recorded.
Who are the top competitors of MGM Resorts International?
MGM Resorts International's top competitors include Hilton, Radisson Hotels and Hyatt.
What products or services does MGM Resorts International offer?
MGM Resorts International offers Bellagio Resort, BetMGM, MGM Rewards, and ARIA Resort.
Is MGM Resorts International publicly traded?
Yes, MGM Resorts International is publicly traded on NYSE under the ticker symbol MGM.
How many acquisitions has MGM Resorts International made?
MGM Resorts International has made 4 acquisitions, including Empire City Casino, LeoVegas Group, and Push Gaming.
Who are MGM Resorts International's investors?
MGM Resorts International has 2 investors. Key investors include Bank of America, and IAC.
What is MGM Resorts International's ticker symbol?
The ticker symbol of MGM Resorts International is MGM on NYSE.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.