MGM* On Other Exchanges
New York
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Company Description

Contact Info

3600 Las Vegas Boulevard South

Las Vegas, NV 89109

United States

Phone: 702-693-7120


MGM Resorts International, through its wholly owned subsidiaries, operates as a hospitality company worldwide. The company has additional business activities, including its investments in unconsolidated affiliates, and certain other corporate and management operations. CityCenter Holdings, LLC (CityCenter) is its most significant unconsolidated affiliate. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It makes significant investments in its resorts through newly remodeled hotel rooms, restaurants, entertainment and nightlife offerings, as well as other new features and amenities. At the company’s wholly owned domestic resorts, its primary casino and hotel operations are owned and managed by it. Segments Wholly Owned Domestic Resorts This segment’s casino operations feature various slots, table games, and race and sports book wagering. In addition, it offers its premium players access to high-limit rooms and lounge experiences where players may enjoy an upscale atmosphere. The company operates 12 wholly owned resorts in the United States. MGM China Holdings Limited’s (MGM China) This segment’s operations consist of the MGM Macau resort and casino (MGM Macau) and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau. The company owns a 51% controlling interest in MGM China, which owns MGM Grand Paradise, S.A. (MGM Grand Paradise), the Macau company that owns and operates the MGM Macau resort and casino and the related gaming subconcession and land concession. The company’s MGM China operations relate to MGM Macau and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau. The Macau government has granted three gaming concessions and each of these concessionaires has granted a subconcession. The MGM Grand Paradise gaming subconcession was granted by Sociedade de Jogos de Macau, S.A., and expires in 2020. The Macau government prohibits additional concessions and subconcessions. Customers Wholly Owned Domestic Resorts: The company’s customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. MGM China: The three primary customer segments in the Macau gaming market are VIP casino gaming operations, main floor gaming operations, and slot machine operations. Intellectual Property The company’s principal intellectual property consists of trademarks for, among others, Bellagio, The Mirage, Mandalay Bay, MGM, MGM Grand, MGM Resorts International, Luxor, Excalibur, New York-New York, Circus Circus and Beau Rivage, all of which have been registered or allowed in various classes in the United States. Regulation The company is subject to certain federal, state and local environmental laws, regulations and ordinances, including the Clean Air Act; the Clean Water Act; the Resource Conservation Recovery Act; the Comprehensive Environmental Response, Compensation and Liability Act; and the Oil Pollution Act of 1990. History MGM Resorts International was founded in 1986.


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Valuation MGM* Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 2.7x
Price/Cash Flow 23.2x
TEV/Sales NM Not Meaningful

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