{ "schemaVersion": 1, "organisationId": "O-2ca47160b7154e40b37a04d0759014a7", "slug": "mgm-resorts-international", "name": "MGM Resorts International", "updatedAt": "2026-10-02T16:00:44.20538Z", "sections": [ { "type": "OVERVIEW", "text": "MGM Resorts International is a global gaming and entertainment company whose core business is operating integrated resorts. Its offerings include casino gaming, hotels, dining, entertainment and retail, alongside digital operations. Its resort footprint spans Las Vegas and regional markets across the United States, as well as Macau through MGM Macau and MGM Cotai. [P56296590][T7922955][https://www.mgmresorts.com/en/company.html]\n\nThe company describes its purpose as “to ENTERTAIN THE HUMAN RACE” and its vision as becoming the world’s premier gaming entertainment company. [https://www.mgmresorts.com/en/company.html][https://www.mgmresorts.com/en/company/focused.html] MGM reported $17.538 billion in consolidated revenue for FY2025 and had approximately 78,000 employees at year-end 2025. [T665015][https://stockanalysis.com/stocks/mgm/employees/]\n[P56296590][T7922955][T665015][https://www.mgmresorts.com/en/company.html][https://www.mgmresorts.com/en/company/focused.html][https://stockanalysis.com/stocks/mgm/employees/]", "updatedAt": "2026-10-02T16:00:44.20538Z" }, { "type": "PRODUCTS", "text": "MGM Resorts’ offerings include casino gaming, hotel rooms, food and beverage, and entertainment, retail and other services. Its portfolio includes properties such as Bellagio, Aria, The Cosmopolitan of Las Vegas, Park MGM, MGM Grand, Mandalay Bay, and Beau Rivage, among others. [T16361947] The company also has digital gaming operations through LeoVegas and its 50%-owned BetMGM affiliate; MGM Live, for example, operated 10 games from a studio on the MGM Grand casino floor and distributed them in nine regulated markets. [P112793761][P143057440]\n\nIn 2025, MGM reported consolidated revenue of $17.538 billion: casino gaming contributed $9.451 billion (53.9%), rooms $3.377 billion (19.3%), food and beverage $3.046 billion (17.4%), and entertainment, retail and other $1.663 billion (9.5%). [T2137704] BetMGM separately reported FY2025 operating net revenue of $2.796 billion, comprising iGaming ($1.827 billion), online sports ($903 million), and retail/other ($66 million); BetMGM is an unconsolidated affiliate, so these figures are distinct from MGM’s consolidated revenue. [T16361919][P112793761]\n[T16361947][P112793761][P143057440][T2137704][T2137704][T2137704][T2137704][T2137704][T16361919]", "updatedAt": "2026-10-02T16:00:44.20538Z" }, { "type": "GEOGRAPHY", "text": "MGM Resorts International’s operations are concentrated in the United States, particularly Las Vegas, Nevada, where it operates multiple resorts. Its other U.S. properties are in Michigan, Maryland, Massachusetts, New Jersey, New York, Ohio, and Mississippi. Outside the United States, its listed operating resorts are MGM Macau and MGM Cotai in Macau S.A.R.; MGM Osaka, Japan, is described as a development venture rather than an operating resort in the 2025 property inventory. [P56296590][T7922955][P28398816]\n\nFor FY2025, net revenue was $12.412 billion in the United States (about 70.8% of total), $4.464 billion in China (about 25.5%), and $662 million in “Other” (about 3.8%); the filing does not further break down the “Other” category by country. [T12934574] As of December 31, 2025, MGM reported approximately 44,000 full-time and 18,000 part-time employees in the United States and 16,000 employees internationally. [P19179876] Its corporate office is at 3600 Las Vegas Boulevard South, Las Vegas, Nevada, inside Bellagio. [P100532272][https://investors.mgmresorts.com/faqs]\n[P56296590][T7922955][P28398816][T12934574][T12934574][T12934574][P19179876][P100532272][https://investors.mgmresorts.com/faqs]", "updatedAt": "2026-10-02T16:00:44.20538Z" }, { "type": "SEGMENTS", "text": "MGM Resorts International reports four business segments: Las Vegas Strip Resorts, Regional Operations, MGM China and MGM Digital. For fiscal 2025, the segments generated $17.330 billion in net revenue; consolidated revenue was $17.538 billion. The shares below are each segment’s portion of consolidated revenue and, separately, its portion of the four segments’ combined Segment Adjusted EBITDAR, the company’s primary segment-profit measure. [P88846983][P89748687][T7038092][T2508240]\n\nLas Vegas Strip Resorts operates MGM’s Las Vegas resort properties, including Aria, Bellagio, The Cosmopolitan, MGM Grand, Mandalay Bay, Luxor, New York-New York, Excalibur and Park MGM. It generated $8.442 billion in revenue (48.1%) and $2.858 billion in Segment Adjusted EBITDAR (55.7%). [P73614303][T7038092][T2508240] Regional Operations covers the company’s U.S. regional casino properties, including MGM Grand Detroit, Beau Rivage, Borgata, MGM National Harbor, MGM Springfield, Empire City and MGM Northfield Park; it contributed $3.772 billion in revenue (21.5%) and $1.163 billion in Segment Adjusted EBITDAR (22.7%). [P59668193][T7038092][T2508240]\n\nMGM China operates MGM Macau and MGM Cotai, with gaming as the primary source of revenue; MGM owns approximately 56% of the business. The segment contributed $4.462 billion in revenue (25.4%) and $1.203 billion in Segment Adjusted EBITDAR (23.4%). [P51926570][P23070968][T7038092][T2508240] MGM Digital comprises the consolidated online gaming portfolio, primarily LeoVegas, including iGaming, digital games, live dealer and online sports betting; it contributed $654 million in revenue (3.7%) and recorded negative $90 million in Segment Adjusted EBITDAR (−1.8%). [P88607275][T7038092][T2508240] Corporate and other revenue was $208 million (1.2%) and is outside the four reportable segments. [P52506128][T7038092]", "updatedAt": "2026-10-02T16:00:44.20538Z" }, { "type": "HISTORY", "text": "MGM Resorts International’s history is closely associated with investor Kirk Kerkorian, whose gaming ventures included an investment in the Dunes in 1955. After selling the earlier MGM Grand hotels in 1986, Kerkorian developed the present-day MGM Grand, which opened in Las Vegas in 1993. The company expanded with the openings of Bellagio in 1998 and Mandalay Bay in 1999. [https://investors.mgmresorts.com/2011-04-14-MGM-Resorts-International-to-Name-Kirk-Kerkorian-as-Director-Emeritus] [https://newsroom.mgmresorts.com/download/MGM%2BGrand%2BFact%2BSheet%2B2025.pdf] [https://www.mgmresorts.com/en/company.html]\n\nMGM Grand acquired Mirage Resorts in 2000 and Mandalay Resort Group in 2005, broadening its resort portfolio. It expanded internationally with the opening of MGM Macau in 2007, and in 2009 opened CityCenter, a major Las Vegas development. In 2010, shareholders approved changing the company’s name from MGM MIRAGE to MGM Resorts International. [https://www.mgmresorts.com/en/company.html] [https://investors.mgmresorts.com/2010-4-21-MGM-MIRAGE-Proposes-to-Rebrand-as-MGM-Resorts-International] [https://investors.mgmresorts.com/2011-01-21-CityCenter-Holdings%2C-LLC-Completes-2-Billion-Financing]\n\nThe company completed the public offering of MGM China in 2011 and formed the publicly traded MGM Growth Properties in 2016. Further expansion included MGM Cotai in Macau and MGM Springfield in Massachusetts, both opening in 2018. Bill Hornbuckle succeeded Jim Murren as CEO in 2020. In 2022, MGM acquired the operations of The Cosmopolitan of Las Vegas and completed the sale of The Mirage’s operations to Hard Rock. [https://investors.mgmresorts.com/2011-06-03-MGM-Resorts-International-and-Ms-Pansy-Ho-Announce-Completion-of-MGM-China-Holdings-Limited-Initial-Public-Offering] [https://investors.mgmresorts.com/2016-04-25-MGM-Resorts-International-Announces-Closing-Of-MGM-Growth-Properties-LLC-Formation-And-Related-Financing-Transactions] [https://investors.mgmresorts.com/2018-08-24-MGM-Springfield-Makes-New-England-Debut] [https://investors.mgmresorts.com/2020-07-29-MGM-RESORTS-INTERNATIONAL-NAMES-WILLIAM-J-HORNBUCKLE-CHIEF-EXECUTIVE-OFFICER] [https://investors.mgmresorts.com/2022-05-17-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-ACQUISITION-OF-THE-OPERATIONS-OF-THE-COSMOPOLITAN-OF-LAS-VEGAS] [https://investors.mgmresorts.com/2022-12-19-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-THE-SALE-OF-THE-OPERATIONS-OF-THE-MIRAGE]\n[https://investors.mgmresorts.com/2011-04-14-MGM-Resorts-International-to-Name-Kirk-Kerkorian-as-Director-Emeritus][https://newsroom.mgmresorts.com/download/MGM%2BGrand%2BFact%2BSheet%2B2025.pdf][https://www.mgmresorts.com/en/company.html][https://investors.mgmresorts.com/2010-4-21-MGM-MIRAGE-Proposes-to-Rebrand-as-MGM-Resorts-International][https://investors.mgmresorts.com/2011-01-21-CityCenter-Holdings%2C-LLC-Completes-2-Billion-Financing][https://investors.mgmresorts.com/2011-06-03-MGM-Resorts-International-and-Ms-Pansy-Ho-Announce-Completion-of-MGM-China-Holdings-Limited-Initial-Public-Offering][https://investors.mgmresorts.com/2016-04-25-MGM-Resorts-International-Announces-Closing-Of-MGM-Growth-Properties-LLC-Formation-And-Related-Financing-Transactions][https://investors.mgmresorts.com/2018-08-24-MGM-Springfield-Makes-New-England-Debut][https://investors.mgmresorts.com/2020-07-29-MGM-RESORTS-INTERNATIONAL-NAMES-WILLIAM-J-HORNBUCKLE-CHIEF-EXECUTIVE-OFFICER][https://investors.mgmresorts.com/2022-05-17-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-ACQUISITION-OF-THE-OPERATIONS-OF-THE-COSMOPOLITAN-OF-LAS-VEGAS][https://investors.mgmresorts.com/2022-12-19-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-THE-SALE-OF-THE-OPERATIONS-OF-THE-MIRAGE]", "updatedAt": "2026-10-02T16:00:44.20538Z" } ], "sources": [ { "id": "P56296590", "href": "https://app.finbar.com/go?id=P56296590", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "T7922955", "href": "https://app.finbar.com/go?id=T7922955", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "https://www.mgmresorts.com/en/company.html", "href": "https://www.mgmresorts.com/en/company.html", "label": "www.mgmresorts.com" }, { "id": "https://www.mgmresorts.com/en/company/focused.html", "href": "https://www.mgmresorts.com/en/company/focused.html", "label": "www.mgmresorts.com" }, { "id": "T665015", "href": "https://app.finbar.com/go?id=T665015", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "https://stockanalysis.com/stocks/mgm/employees/", "href": "https://stockanalysis.com/stocks/mgm/employees/", "label": "stockanalysis.com" }, { "id": "T16361947", "href": "https://app.finbar.com/go?id=T16361947", "label": "MGM Resorts International — Presentation (2023 Y), p18", "documentId": "D-76b8feeac9e84f6aa7e3991f00ead6fd", "page": 18 }, { "id": "P112793761", "href": "https://app.finbar.com/go?id=P112793761", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P143057440", "href": "https://app.finbar.com/go?id=P143057440", "label": "MGM Resorts International — Presentation (2025 Y), p8", "documentId": "D-e5c4a1388682424dabc9609c2bc02ec8", "page": 8 }, { "id": "T2137704", "href": "https://app.finbar.com/go?id=T2137704", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "T16361919", "href": "https://app.finbar.com/go?id=T16361919", "label": "MGM Resorts International — Presentation (2025 Y), p7", "documentId": "D-e5c4a1388682424dabc9609c2bc02ec8", "page": 7 }, { "id": "P28398816", "href": "https://app.finbar.com/go?id=P28398816", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "T12934574", "href": "https://app.finbar.com/go?id=T12934574", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P19179876", "href": "https://app.finbar.com/go?id=P19179876", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P100532272", "href": "https://app.finbar.com/go?id=P100532272", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "https://investors.mgmresorts.com/faqs", "href": "https://investors.mgmresorts.com/faqs", "label": "investors.mgmresorts.com" }, { "id": "P88846983", "href": "https://app.finbar.com/go?id=P88846983", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P89748687", "href": "https://app.finbar.com/go?id=P89748687", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "T7038092", "href": "https://app.finbar.com/go?id=T7038092", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "T2508240", "href": "https://app.finbar.com/go?id=T2508240", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P73614303", "href": "https://app.finbar.com/go?id=P73614303", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P59668193", "href": "https://app.finbar.com/go?id=P59668193", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P51926570", "href": "https://app.finbar.com/go?id=P51926570", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P23070968", "href": "https://app.finbar.com/go?id=P23070968", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P88607275", "href": "https://app.finbar.com/go?id=P88607275", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "P52506128", "href": "https://app.finbar.com/go?id=P52506128", "label": "MGM Resorts International — Full financial report (2025 Y)", "documentId": "D-0a4b1e0999a74a2996bb81463b471c32" }, { "id": "https://investors.mgmresorts.com/2011-04-14-MGM-Resorts-International-to-Name-Kirk-Kerkorian-as-Director-Emeritus", "href": "https://investors.mgmresorts.com/2011-04-14-MGM-Resorts-International-to-Name-Kirk-Kerkorian-as-Director-Emeritus", "label": "investors.mgmresorts.com" }, { "id": "https://newsroom.mgmresorts.com/download/MGM%2BGrand%2BFact%2BSheet%2B2025.pdf", "href": "https://newsroom.mgmresorts.com/download/MGM%2BGrand%2BFact%2BSheet%2B2025.pdf", "label": "newsroom.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2010-4-21-MGM-MIRAGE-Proposes-to-Rebrand-as-MGM-Resorts-International", "href": "https://investors.mgmresorts.com/2010-4-21-MGM-MIRAGE-Proposes-to-Rebrand-as-MGM-Resorts-International", "label": "investors.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2011-01-21-CityCenter-Holdings%2C-LLC-Completes-2-Billion-Financing", "href": "https://investors.mgmresorts.com/2011-01-21-CityCenter-Holdings%2C-LLC-Completes-2-Billion-Financing", "label": "investors.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2011-06-03-MGM-Resorts-International-and-Ms-Pansy-Ho-Announce-Completion-of-MGM-China-Holdings-Limited-Initial-Public-Offering", "href": "https://investors.mgmresorts.com/2011-06-03-MGM-Resorts-International-and-Ms-Pansy-Ho-Announce-Completion-of-MGM-China-Holdings-Limited-Initial-Public-Offering", "label": "investors.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2016-04-25-MGM-Resorts-International-Announces-Closing-Of-MGM-Growth-Properties-LLC-Formation-And-Related-Financing-Transactions", "href": "https://investors.mgmresorts.com/2016-04-25-MGM-Resorts-International-Announces-Closing-Of-MGM-Growth-Properties-LLC-Formation-And-Related-Financing-Transactions", "label": "investors.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2018-08-24-MGM-Springfield-Makes-New-England-Debut", "href": "https://investors.mgmresorts.com/2018-08-24-MGM-Springfield-Makes-New-England-Debut", "label": "investors.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2020-07-29-MGM-RESORTS-INTERNATIONAL-NAMES-WILLIAM-J-HORNBUCKLE-CHIEF-EXECUTIVE-OFFICER", "href": "https://investors.mgmresorts.com/2020-07-29-MGM-RESORTS-INTERNATIONAL-NAMES-WILLIAM-J-HORNBUCKLE-CHIEF-EXECUTIVE-OFFICER", "label": "investors.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2022-05-17-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-ACQUISITION-OF-THE-OPERATIONS-OF-THE-COSMOPOLITAN-OF-LAS-VEGAS", "href": "https://investors.mgmresorts.com/2022-05-17-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-ACQUISITION-OF-THE-OPERATIONS-OF-THE-COSMOPOLITAN-OF-LAS-VEGAS", "label": "investors.mgmresorts.com" }, { "id": "https://investors.mgmresorts.com/2022-12-19-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-THE-SALE-OF-THE-OPERATIONS-OF-THE-MIRAGE", "href": "https://investors.mgmresorts.com/2022-12-19-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-THE-SALE-OF-THE-OPERATIONS-OF-THE-MIRAGE", "label": "investors.mgmresorts.com" } ] }