MGM Resorts International

MGM Resorts International

Operates luxury resorts and casinos globally

About MGM Resorts International

Simplify's Rating
Why MGM Resorts International is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Goods

Entertainment

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Paradise, Nevada

Founded

2000

Overview

MGM Resorts International operates a range of luxury destination resorts, including well-known brands like Bellagio, MGM Grand, Mandalay Bay, and The Mirage. The company caters to various customers, from leisure travelers to business professionals and high-stakes gamblers. Its services encompass hotel stays, casino gaming, live entertainment, dining options, and retail experiences. Revenue is generated through room bookings, casino activities, food and beverage sales, and ticket sales for entertainment events. A key feature of MGM Resorts is its M Rewards loyalty program, which encourages customer retention and repeat visits. The company also organizes special events and conferences, offering customized packages for corporate clients and large groups. The main goal of MGM Resorts is to provide exceptional experiences through high-quality services and customer care.

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Funded Recently
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Simplify's Take

What believers are saying

  • Acquisition of LeoVegas expands BetMGM's international market presence.
  • Partnership with Marriott Bonvoy leverages extensive loyalty program for guest attraction.
  • Influencer marketing campaigns increase brand visibility among younger demographics.

What critics are saying

  • Cybersecurity vulnerabilities risk operational disruptions and reputational damage.
  • Increased competition in online gambling may impact BetMGM's market share.
  • Regulatory challenges and lobbying costs could affect casino operations.

What makes MGM Resorts International unique

  • MGM Resorts offers a diverse portfolio of luxury destination resort brands.
  • The company integrates casino gaming with live entertainment and dining experiences.
  • MGM's M Rewards loyalty program enhances customer retention and repeat business.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Wellness Program

Health Insurance

401(k) Retirement Plan

Disability Insurance

Life Insurance

Professional Development Budget

Company News

Stock Titan
Jan 7th, 2025
MGM Resorts International and Entain Notice of BetMGM FY 2024 Update

Additionally, MGM Resorts International will release its Q4 and FY 2024 results on February 12, while Entain plc will announce its FY 2024 results on March 6.

Patch
Jan 6th, 2025
$755K Spent To Defeat Tysons Casino Referendum Bill By MGM, PR Firm

$13,850 - Ricardo Limardo Jr. registered as a lobbyist on June 13, 2023, and was hired as MGM Resorts' vice president of federal government affairs.

WSOP
Dec 26th, 2024
Online Poker site that could be next in NEVADA

This joint venture between Entain and MGM Resorts International has been planning to launch its online poker platform in Nevada for over a decade.

SBC News
Oct 23rd, 2024
BetMGM brings Sweden closer to Las Vegas

MGM Resorts acquired LeoVegas Group in 2022 for $600 million in cash, using the platform to expand its BetMGM subsidiary within international markets.

Bizli
Sep 19th, 2024
Celebrity Cruises customers can get valuable perks at MGM Rewards casino resorts

So, it isn't too an awful lot of a surprise that Star Cruises and its parent company Royal Caribbean partner with casino resort operator MGM Resorts to offer reciprocal benefits.

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