MGM Resorts

MGM Resorts owns and operates a chain of 30 resorts that provides accommodation, dining and gaming services for individuals and families. Read more

3,276 Followers on Owler
3,276 Followers on Owler
3,276 Followers on Owler
3,276 Followers on Owler

MGM Resorts

MGM Resorts owns and operates a chain of 30 resorts that provides accommodation, dining and gaming services for individuals and families. Read more

William Hornbuckle's photo - President & CEO of MGM Resorts

President & CEO

William Hornbuckle

CEO Approval Rating

91/100

Founded:

1962

Status:

PublicIndependent CompanyNYSEMGM

MGM RESORTS TOP COMPETITORS OR ALTERNATIVES

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Caesars Entertainment is MGM Resorts's biggest rival. Caesars Entertainment was founded in Las Vegas, Nevada} in 1937. Like MGM Resorts, Caesars Entertainment also competes in the Casinos & Gambling sector. Compared to MGM Resorts, Caesars Entertainment generates $1.2B less revenue.

Sands is MGM Resorts's #2 rival. Sands's headquarters is in Las Vegas, Nevada, and was founded in 1989. Like MGM Resorts, Sands also competes in the Casinos & Gambling space. Sands generates 66% of MGM Resorts's revenue.

Wynn Resorts is MGM Resorts's #3 competitor. Wynn Resorts was founded in 2002 in Las Vegas, Nevada. Like MGM Resorts, Wynn Resorts also works within the Casinos & Gambling sector. Wynn Resorts generates $2.5B less revenue than MGM Resorts.

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MGM Resorts Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$4.6B

MGM Resorts's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 2.9B. Over the last four quarters, MGM Resorts's revenue has grown by 468.6%. Specifically, in Q1 2021's revenue was $1.6B; in Q4 2020, it was $1.5B; in Q3 2020, it was $1.1B; in Q2 2020, MGM Resorts's revenue was $289.8M.

MGM Resorts Acquisitions

No recent acquisitions found related to MGM Resorts

MGM Resorts Funding History

Since MGM Resorts was founded in 1962, it has participated in 5 rounds of funding. In total MGM Resorts has raised $4.7B. MGM Resorts' last funding round was on Oct 2020 for a total of $750.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
Oct 2020
$750M
-
Corporate Round
Aug 2020
$1B
Debt
May 2020
$750M
-
Debt
Jun 2018
$1B
-
Debt
Nov 2014
$1.1B
-

Since MGM Resorts was founded in 1962, it has participated in 5 rounds of funding. In total MGM Resorts has raised $4.7B. MGM Resorts' last funding round was on Oct 2020 for a total of $750.0M

MGM Resorts Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

BetMGM is a web-based betting platform that offers fantasy games, score prediction and fan engagement solutions for individuals.
-
Jul 08, 2020
Equity
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BetMGM is a web-based betting platform that offers fantasy games, score prediction and fan engagement solutions for individuals.
$200M
Jun 14, 2018
Equity
-
Tunity develops a deep learning and computer vision based-application that allows users to hear live audio from muted televisions using mobile devices.
$10.6M
Feb 19, 2018
Series A
-

MGM Resorts News

May 1, 2021CardPlayer

MGM Resorts Announces $247 Million Operating Loss In First Quarter

MGM Resorts announced its financial results for the first quarter of 2021 and it didn't go well for t... See more »
April 30, 2021Forbes

MGM Resorts Wants To Send You On 'A Trip To Mars'

MGM Resorts has this week announced its plans to send travelers and music fans on a trip to mars -tha... See more »
April 29, 2021Travel Weekly

MGM Resorts reports strong booking for Las Vegas properties

Average first-quarter occupancy for MGM's Las Vegas Strip properties came in at 46%.... See more »
April 29, 2021VEGAS INC

MGM sees increase in Strip hotel occupancy rates

Hotel occupancy at MGM Resorts International properties on the Strip is on the rise. During a quarter... See more »
April 29, 2021Yogonet

MGM first quarter revenue down 27% as Vegas casinos continue to struggle

MGM Resorts International reported a smaller-than-expected loss in the first quarter, with its region... See more »
April 28, 2021Asia Gaming Brief

MGM Resorts posts lower than expected loss in 21Q1

U.S. casino operator MGM Resorts posted a smaller than expected loss in the first quarter of 2021, wi... See more »
April 27, 2021InterGame Online

MGM buys site on Las Vegas Strip

A two-acre parcel of land on South Las Vegas Boulevard in the Nevada gambling city is being bought by... See more »

MGM Resorts Press Releases

January 21, 2021PR Newswire

MGM Resorts International Announces Fourth Quarter And Full Year 2020 Earnings Release Date

LAS VEGAS, Jan. 21, 2021 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) will release its finan... See more »
January 4, 2021O'Dwyer's PR News

Powerscourt Helps Entain Reject $11B MGM Takeover Bid

Powerscourt represents UK-based Entain plc, the online sports/gaming betting giant, as it rejects an ... See more »
December 9, 2020PR Newswire

MGM Resorts Recognized by the US Pan Asian Chamber of Commerce as a Top 35 Corporation

LAS VEGAS, Dec. 9, 2020 /PRNewswire/ -- MGM Resorts (NYSE: MGM) is recognized by the US Pan Asian Cha... See more »
December 4, 2020PR Daily

MGM Resorts builds new innovations into longstanding wellness commitment

The post MGM Resorts builds new innovations into longstanding wellness commitment appeared first on P... See more »
October 28, 2020PR Newswire

Detroit Red Wings Renew and Expand BetMGM Strategic Partnership

DETROIT, Oct. 28, 2020 /PRNewswire/ -- The Detroit Red Wings announced today they have renewed and ex... See more »
October 19, 2020centralcharts

Din Tai Fung Debuts In Las Vegas At Aria Resort & Casino

Now Open: Din Tai Fung Debuts In Las Vegas At Aria Resort & Casino Acclaimed Xiao Long Bao and Noodle... See more »
October 13, 2020centralcharts

MGM Resorts International Announces Closing of Offering of $750,000,000 Senior Notes due 2028

MGM Resorts International Announces Closing of Offering of $750,000,000 Senior Notes due 2028 PR News... See more »

MGM Resorts Videos

Social Media

MGM Resorts Headquarters

3600 S Las Vegas Boulevard Bellagio Hotel & Casino

Las Vegas, Nevada89109

866-761-7111

Driving Directions »

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MGM Resorts Summary

ABOUT

Overview

MGM Resorts owns and operates a chain of 30 resorts that provides accommodation, dining and gaming services for individuals and families. MGM Resorts was founded in 1962. MGM Resorts' headquarters is located in Las Vegas, Nevada, USA 89109. It has rai...

CEO

MGM Resorts's President & CEO, William Hornbuckle, currently has an approval rating of 91%. MGM Resorts's primary competitors are Caesars Entertainment, Sands & Wynn Resorts.

Website

mgmresorts.com

Frequently Asked Questions about MGM Resorts

  1. When was MGM Resorts founded?

    MGM Resorts was founded in 1962
  2. Who is MGM Resorts's CEO?

    MGM Resorts's CEO is William Hornbuckle
  3. How much revenue does MGM Resorts generate?

    MGM Resorts generates $4.6B in revenue
  4. How much funding does MGM Resorts have?

    MGM Resorts has historically raised $4.7B in funding
  5. Where is MGM Resorts's headquarters?

    MGM Resorts's headquarters is in Las Vegas Nevada, USA
  1. How many employees does MGM Resorts have?

    MGM Resorts has 55,000 employees
  2. What sector does MGM Resorts operate in?

    MGM Resorts is in Casinos & Gambling, Resorts, Hotels
  3. Who are MGM Resorts's competitors?

    MGM Resorts's top competitors are Caesars Entertainment, Sands, Wynn Resorts
  4. Who has MGM Resorts invested in?

    MGM Resorts's has invested in companies such as BetMGM, BetMGM, Tunity