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Mgm Resorts International - Company Profile

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Mgm Resorts International - Overview

Brands
Bellagio, BetMGM, MGM Grand, PlayMGM, Skylofts
Description
Mgm Resorts International is a public company headquartered in Nevada with an estimated 52,000 employees. In the US, the company has a notable market share in at least two industries: Casino Hotels, Online Gambling Services and Online Gambling Services. Their largest market share is in the Casino Hotels industry, where they account for an estimated 12.9% of total industry revenue.
Company Details

Registered Name: Mgm Resorts International

Company Type: Operating

Exchange: NYSE

Headquarters: 3600 Las Vegas Blvd S. Las Vegas NV 89109

Employees: 52000

Mgm Resorts International - Operating Industries and Main Competitors

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Mgm Resorts International - Products and Services

  • Casino Hotels in the US

  • Of the 6 core revenue-generating products and services in the Casino Hotels in the US industry, Mgm Resorts International offers:
    • Gambling machines
  • Online Gambling Services in the US

  • Of the 4 core revenue-generating products and services in the Online Gambling Services in the US industry, Mgm Resorts International offers:
    • Online sports betting
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Mgm Resorts International - Analyst Insights

3,000-room Las Vegas hotel, the Cosmopolitan, to be operated by MGM Resorts.

In September of 2021, the Cosmopolitan was sold by its owners, Blackstone, for $4 billion to multiple parties. MGM Resorts International (MGM Resorts) will pay $1.6 billion to take over the hotel’s operations. As health and safety regulations surrounding the COVID-19 (coronavirus) ease, it is anticipated that Hotel’s in Las Vegas will experience an increase in demand from consumers. Additional agreements in the acquisition state that unions for about 3,000 employees will keep their jobs, which are anticipated to increase costs associated with wages.

Labor|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Mgm Resorts International - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Mgm Resorts International's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Casino Hotels in the US, and Online Gambling Services in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Mgm Resorts International - Financial Statements & Ratios

pie_chartMgm Resorts International Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue9,680.15,162.112,899.711,763.110,797.59,478.3
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartMgm Resorts International Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents4,703.15,101.62,329.61,526.81,500.01,446.6
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartMgm Resorts International Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income1,208.4-1,319.92,214.4583.92,088.21,235.8
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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