MGM Resorts International
MGG.F
Frankfurt Stock Exchange40.63
EUR
-0.51
- -
MGM Resorts International
MGG.F
(Frankfurt Stock Exchange)
Recent
price
40.63
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- MGM Resorts International is a global gaming and entertainment company that develops, owns, and operates destination resort brands offering integrated hospitality, gaming, entertainment, convention, dining, retail, and leisure experiences across multiple regions, with BetMGM providing sports betting and iGaming platforms through a 50/50 joint venture. Main products and services - Destination resort properties: full-service casino hotels and integrated resorts featuring gaming floors, luxury and mid-market hotel rooms, convention spaces, and multiple dining and nightlife options under brands including Bellagio, MGM Grand Las Vegas, Mandalay Bay, Luxor, Excalibur, New York-New York, Park MGM, The Mirage, Aria, and Circus Circus, among others; regional casinos and resorts in Detroit, Biloxi, Atlantic City, Maryland, and Connecticut, plus MGM China properties in Macau. - Gaming operations: casino floor gaming (table games, slot machines, high-limit rooms), private gaming salons, and casino-related services designed to attract high rollers and mass-market customers. - Hospitality and accommodations: world-class hotels and suites, event and wedding services, and comprehensive guest amenities across properties. - Food & beverage and entertainment: a broad portfolio of restaurants, bars, lounges, and live entertainment venues, plus resident shows and events integrated into resort experiences. - Conventions and meetings: extensive conference and exhibit facilities, event planning services, and integrated resort support for associations, corporations, and leisure groups. - Sports betting and iGaming: online and mobile sports wagering and iGaming platforms via BetMGM, including online casino and sports betting services in supported jurisdictions; partnerships and licensing arrangements enabling cross-border operations. - Digital and technology services: customer relationship management, loyalty programs, and digital platforms to enhance guest experience, data analytics, and omni-channel marketing initiatives. - Management and consultancy services: operations management for owned properties and for third-party clients seeking casino, hospitality, and entertainment expertise; revenue and asset management services for owned and partner properties. Geographic operations and presence - United States: operates a portfolio of properties on the Las Vegas Strip and across regional U.S. markets, including Detroit, Mississippi (Beau Rivage, Gold Strike), Maryland (National Harbor), and New Jersey to support a diversified domestic footprint. - Asia: MGM China operates MGM Macau and MGM Cotai in Macau, expanding the company’s international footprint in Asia-Pacific. - Global digital footprint: BetMGM operates online gambling and sportsbook activities with partnerships across North America; regional online initiatives extend to select European and Latin American markets through licensed arrangements. - Headquarters: Las Vegas, Nevada, United States. Founding year and corporate structure - Founded in 1986; headquarters located in Las Vegas, Nevada. - Parent and subsidiary relationships include MGM Resorts International as the parent company, with controlled property brands and joint ventures such as BetMGM for sports betting and iGaming, and MGM China as a regional operating arm in Asia. Latest major company changes - Strategic partnerships and alliances: expanded collaborations around sports betting and online gaming platforms through BetMGM partnerships, enabling broader market access and product diversification; ongoing negotiations and expansions related to international integrated resort developments such as potential opportunities in Asia and other regions. - Funding, acquisitions, and divestitures: active in capital allocation to support expansion and refurbishment programs across flagship properties; recent large-scale remodeling programs (for example, renovations and upgrades to flagship Las Vegas properties) to refresh guest experiences and support higher demand during peak periods. - Product launches and service enhancements: accelerated guest experience upgrades, room refurbishments, and technology-driven customer engagement initiatives; expansion of integrated resort experiences combining lodging, dining, entertainment, and gaming in flagship markets. - Operational and strategic shifts: refocusing growth toward international expansion opportunities, enhanced digital and mobile platforms, and optimization of casino, hospitality, and entertainment ecosystems to capture new demand streams; ongoing brand modernization and efficiency improvements across the portfolio. - Corporate activity: any rebranding, reorganizations, or governance updates are typically announced in quarterly and annual disclosures; MGM Resorts maintains transparent reporting on strategic direction and major capital projects. Industry context and business segments - Industry: hospitality, gaming, and entertainment; diversified diversification across lodging, gaming, dining, live events, and conventions. - Business segments: casino operations; hospitality and rooms; food and beverage; entertainment and events; convention services; sports betting and iGaming (BetMGM); digital platforms and loyalty programs; property development and management. Target markets and customers - High-net-worth guests and premium leisure travelers; convention and group bookings; mass-market visitors; online bettors and gaming enthusiasts through BetMGM platforms. - Client base includes international tourists visiting Las Vegas and other resort destinations, as well as domestic and international online gaming participants where legally permitted. Subsidiaries and parent relationships - Parent: MGM Resorts International. - Notable subsidiaries and ventures: BetMGM (joint venture for sports betting and online gaming); MGM China (MGM Macau and MGM Cotai); property-operating subsidiaries across Las Vegas Strip, regional U.S. properties, and international ventures. Note: Information reflects MGM Resorts International’s public disclosures and industry reporting up to 2026. For the most current exact figures, property-by-property rosters, and latest press releases, consult MGM Resorts’ official site and latest quarterly filings.