MGM Resorts International (MGG)

Overview

MGM Resorts International is a global hospitality and entertainment company operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay, and The Mirage, among others. The company is structured into three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China, allowing for a diversified approach to its casino, hotel, and entertainment offerings. MGM Resorts International provides a wide range of amenities, such as gaming, hotel accommodations, conventions, dining, entertainment, retail, and other resort amenities. Operating in both the United States and internationally, the company caters to a variety of customers, including premium gaming clients, leisure and wholesale travel clients, business travelers, and groups, including conventions and small meetings. Originally known as MGM MIRAGE, the company rebranded to MGM Resorts International in June 2010 and has its headquarters in Las Vegas, Nevada. Founded in 1986, MGM Resorts International has evolved to incorporate online sports betting and iGaming into its portfolio through BetMGM, reflecting the changing dynamics of the entertainment and hospitality industries.

Products and Services

• Gaming - MGM Resorts International's casino resorts offer a wide range of gaming options, including slots, table games, and online sports betting and iGaming through BetMGM. This segment caters to both casual and premium gaming customers, offering a comprehensive gaming experience.
• Hotel - The company provides luxurious and comfortable hotel accommodations across its various properties. These accommodations are designed to meet the needs of both leisure and business travelers, offering a range of amenities and services tailored to ensure a memorable stay.
• Convention - MGM Resorts International operates convention centers within its resorts, catering to business travelers, group customers, and event organizers. These convention services are equipped to host a wide range of events, from trade shows and small meetings to large conventions and corporate gatherings.
• Dining - A diverse array of dining options is available across MGM Resorts' properties, ranging from casual eateries to fine dining experiences. These dining services cater to various preferences and dietary requirements, enhancing the overall guest experience.
• Entertainment - The company offers a wide variety of entertainment options, including live shows, concerts, and other events. This segment aims to provide guests with unforgettable experiences during their stay at MGM Resorts' properties.
• Retail - MGM Resorts International offers retail services within its resorts, featuring a selection of shops and boutiques that cater to a wide range of interests and needs. This allows guests to enjoy a shopping experience without leaving the resort.
• Online Sports Betting and iGaming - Through BetMGM, MGM Resorts International provides online sports betting and iGaming, allowing customers to engage in these activities in a digital format. This offering caters to the growing demand for online and mobile gaming and betting options.