# MGM Resorts **Source:** https://geo.sig.ai/brands/mgm-resorts **Vertical:** Consumer Retail **Subcategory:** Enterprise **Tier:** Leader **Website:** mgmresorts.com **Last Updated:** 2026-04-14 ## Summary Las Vegas gaming and hospitality (NYSE: MGM) at record $17.24B 2024 revenue (+6.7%); Las Vegas Strip $8.82B, MGM China $4.02B (+27.6%) record 15.8% share, BetMGM ~$2.4B net revenue competing with Caesars and Las Vegas Sands. ## Company Overview MGM Resorts International is a Las Vegas, Nevada-based global gaming, hospitality, and entertainment company — publicly traded on the New York Stock Exchange (NYSE: MGM) as an S&P 500 Consumer Discretionary component — owning and operating a portfolio of destination casino resorts and hotels on the Las Vegas Strip, across the United States in regional markets, and in Macau, China through approximately 55,000 employees. In fiscal year 2024, MGM Resorts reported record consolidated net revenues of $17.24 billion (+6.66% from 2023), the highest annual revenue in company history, with Las Vegas Strip Resorts generating $8.82 billion, Regional Operations generating $3.72 billion, and MGM China contributing $4.02 billion (+27.6% year-over-year) as Macau continued its full recovery from COVID restrictions and market share at MGM China reached an all-time high of 15.8%. CEO Bill Hornbuckle leads MGM's diversified gaming and hospitality strategy across three platforms: Las Vegas (Bellagio, MGM Grand, Aria, Park MGM, Mandalay Bay, New York-New York, Excalibur, Luxor), Regional (Borgata in New Jersey, MGM National Harbor in Maryland, MGM Grand Detroit, MGM Northfield Park in Ohio), and International (MGM Macau and MGM Cotai in China). MGM's BetMGM joint venture (50/50 with UK-based Entain plc) is one of the two largest US online sports betting and iGaming platforms, generating over $2.4 billion in net revenue and approaching profitability as US sports betting regulations expand state by state. MGM Resorts' integrated resort model creates hospitality profitability through the combination of gaming, hotel, food and beverage, entertainment, and convention revenue streams that reinforce each other: a Las Vegas convention attendee at MGM Grand books a hotel room, dines at Wolfgang Puck's CUT restaurant, attends the Hakkasan nightclub, plays slots on the casino floor, and watches a Kà Cirque du Soleil show — with each touchpoint generating revenue that would not exist without the integrated resort format. The Las Vegas Strip's oligopolistic structure (three casino operators — MGM, Caesars, and Wynn — own approximately 75% of Strip capacity) limits new competition: land scarcity, construction costs ($2-5 billion per new resort), and Nevada gaming license requirements create barriers that prevent new operators from entering the market at scale. MGM China's Macau operations (two properties in the only jurisdiction in China where casino gambling is legal) benefit from Chinese middle class's growing appetite for gaming and luxury entertainment, protected by the limited concession structure that prevents new operators from entering Macau without government approval. In 2025, MGM Resorts competes in Las Vegas destination gaming, regional US casinos, Macau gaming, and US online sports betting against Caesars Entertainment (NASDAQ: CZR, Las Vegas and regional casinos, $11.2B revenue), Las Vegas Sands (NYSE: LVS, Singapore and Macau, $11.4B revenue), and DraftKings (NASDAQ: DKNG, $4.3B revenue, online sports betting) for high-roller Las Vegas customer traffic, US regional gaming market share, Macau gaming junket customer relationships, and online sports betting app user acquisition. BetMGM's path to profitability (reducing customer acquisition spending as the US sports betting market matures) represents the primary near-term earnings improvement opportunity for MGM's US operations — as BetMGM approaches sustainable profitability, its contribution to MGM's consolidated earnings improves materially. The MGM China market share record (15.8%) in Macau reflects successful execution of the MGM Cotai premium mass strategy — attracting higher-spending non-junket customers who fit the new Macau regulatory environment that discourages credit-based junket operations. The 2025 strategy focuses on Las Vegas room rate and occupancy optimization, BetMGM profitability milestone achievement, MGM China capacity utilization, and potential Japan integrated resort development if the IR license process advances. ## Frequently Asked Questions ### What properties does MGM Resorts operate globally? MGM Resorts operates 31 unique hotel and gaming destinations globally, including 16 properties in the United States and 2 in China (MGM Macau and MGM Cotai). The portfolio includes iconic Las Vegas properties such as Bellagio, ARIA, MGM Grand, Mandalay Bay, The Cosmopolitan, Park MGM, New York-New York, Luxor, and Excalibur. The company also operates regional properties across the United States. In 2024, MGM rebranded the Delano Tower at Mandalay Bay to W Las Vegas, creating a partnership with Marriott that allows guests to earn and redeem Marriott Bonvoy points at MGM destinations. ### How did MGM Resorts perform financially in 2024? MGM Resorts achieved record-breaking financial performance in 2024, posting consolidated net revenue of $17.24 billion, representing a 7% increase over 2023 and the best full-year consolidated net revenues in company history. The company generated consolidated Adjusted EBITDA of $2.4 billion compared to $2.3 billion in the prior year. MGM China was a standout performer, achieving record full-year Segment Adjusted EBITDAR of $1.1 billion, a 25% increase from the prior year. Las Vegas Strip Resorts generated $8.82 billion in revenue, remaining MGM's primary revenue source. The company demonstrated strong capital discipline, repurchasing over 33 million shares in 2024 and reducing shares outstanding by more than 40% since 2021. ### What is BetMGM and how is it performing? BetMGM is a 50/50 joint venture between MGM Resorts and Entain that offers sports betting and online gaming across North America through market-leading brands including BetMGM and partypoker. In 2024, MGM Digital (which includes BetMGM) showed impressive growth with revenue increasing 28% year-over-year. BetMGM accelerated its revenue growth throughout 2024 and is expected to achieve profitability in 2025. The platform has gained significant market share in both iGaming and sports betting, with iGaming market share reaching 23% in February 2025, up from 21.5% in Q4 2024. Sports betting is already legal in 38 US states, providing substantial growth runway for BetMGM's continued expansion. ### What is MGM Resorts' partnership with Marriott Bonvoy? MGM Resorts formed a groundbreaking partnership with Marriott Bonvoy, creating the MGM Collection with Marriott Bonvoy. This strategic alliance allows guests to earn and redeem Marriott Bonvoy points for stays at MGM Resorts destinations across Las Vegas and beyond. The partnership provides MGM properties access to Marriott's extensive distribution system and loyalty program, which includes over 200 million members worldwide. A key example of this partnership is the 2024 rebranding of the Delano Tower at Mandalay Bay to W Las Vegas, which can now benefit from Marriott's global reach while maintaining MGM's operational excellence and entertainment offerings. ### How is MGM Resorts positioned in the groups and meetings business? MGM Resorts has established itself as the industry leader in groups and meetings business, with over 2.2 million room nights on the books for 2025. In December 2024, MGM closed its strongest convention-booked month ever, with bookings 43% higher than the previous record month. The company's extensive portfolio of properties on the Las Vegas Strip provides unmatched capacity and flexibility for meetings, conventions, and special events. MGM offers comprehensive meeting and conference spaces, state-of-the-art technology, world-class dining options, and spectacular entertainment that creates memorable experiences for convention attendees. This leadership position in group business provides stable, high-value revenue streams and demonstrates MGM's ability to serve the corporate and association markets. ### What employee benefits and perks does MGM Resorts offer? MGM Resorts offers a comprehensive benefits package emphasizing health, wellness, and work-life balance. Health insurance starts almost immediately with the company paying a large portion of premiums. The company provides coverage for life insurance, short-term and long-term disability, and an Employee Assistance Program offering confidential counseling services. Retirement benefits include a 401(k) plan with company matching and an Employee Stock Purchase Plan allowing employees to purchase company stock at a discount. Vacation time ranges from 104 hours (13 days) for new employees to 224 hours (28 days) for those with 12+ years of tenure, plus paid parental leave. Professional development opportunities include on-the-job training, workshops, leadership programs, and tuition assistance. Employees receive exclusive deals on hotel stays at iconic resorts, discounts on spa treatments, dining, and entertainment across MGM properties. The company emphasizes that authentic and meaningful relationships are the heartbeat of its culture. ### What is MGM Resorts' approach to sustainability? MGM Resorts demonstrates strong commitment to environmental sustainability through significant investments in renewable energy and responsible operations. In September 2024, the company contracted with Escape Solar for a $340 million solar facility to help power its Las Vegas Strip casinos, representing one of the largest renewable energy commitments in the hospitality industry. This investment aligns with MGM's broader environmental strategy to reduce carbon emissions and transition to cleaner energy sources. The company integrates sustainability into its operations through energy efficiency programs, water conservation initiatives, waste reduction efforts, and sustainable building practices. MGM's sustainability efforts extend beyond environmental concerns to include social responsibility programs, community engagement, and ethical business practices across its global operations. ### What recent property developments has MGM Resorts undertaken? MGM Resorts has undertaken several significant property development and renovation projects in 2024. The company completed the rebranding of the Delano Tower at Mandalay Bay to W Las Vegas, creating a partnership with Marriott Bonvoy. The renovation project at MGM Grand is making substantial progress, with 600 rooms already brought back online for guests featuring updated designs and amenities. These renovations are part of MGM's ongoing strategy to refresh and enhance its properties to meet evolving guest preferences and maintain competitive positioning. The company balances new development with renovations of existing properties to optimize capital allocation while ensuring all MGM destinations deliver world-class guest experiences. ### How has MGM China performed and what is its market position? MGM China has been a standout performer for MGM Resorts, achieving record results in 2024 with revenue jumping 27.6% to $4.02 billion and record full-year Segment Adjusted EBITDAR of $1.1 billion, a 25% increase from the prior year. MGM China operates two integrated resorts in Macau: MGM Macau and MGM Cotai. The company's market share in Macau reached an all-time high of 15.8% in 2024, up from 15.2% in 2023 and a significant increase from 9.5% in 2019. MGM China is now the second-highest source of revenue for MGM Resorts, having overtaken Regional Operations and trailing only the Las Vegas Strip. This strong performance reflects successful recovery from pandemic impacts, effective marketing strategies, and the appeal of MGM's luxury integrated resort offerings to Asian gaming customers. ### What is MGM Resorts' company culture and mission? MGM Resorts' mission is to 'Entertain the Human Race' by delivering unparalleled experiences across its global portfolio of entertainment destinations. The company emphasizes that authentic and meaningful relationships are the heartbeat of its culture, creating a unique world filled with anticipation, entertainment, and extraordinary experiences. MGM views its employees as the heart and soul of its success, with a culture that values employee development, diversity, and community engagement. Volunteering is highlighted as an important part of MGM culture, demonstrating the company's commitment to the communities where it operates. The company shows appreciation for employee hard work and dedication through competitive compensation, comprehensive benefits, and exclusive employee discounts across MGM's resorts, restaurants, entertainment venues, and services. MGM's culture balances operational excellence with genuine care for employees, guests, and communities. ### What are customer perceptions of MGM Resorts properties? Customer reviews of MGM Resorts present a mixed picture. The company has a 2.4-star rating based on 23 customer reviews on Trustpilot, with only 33% of users likely to recommend MGM Resorts to a friend or colleague. On Comparably, MGM Resorts has a Net Promoter Score (NPS) of 6 with 44% Promoters, 18% Passives, and 38% Detractors, though 77% of customers consider themselves loyal users. Common complaints focus on customer service issues, high pricing, and inadequate complaint resolution processes. However, individual properties like MGM Grand have 6,513 verified reviews on Booking.com, suggesting strong guest engagement. The company's challenge is consistency across its large portfolio and improving customer service responsiveness to maintain its luxury positioning while addressing guest concerns effectively. ### What strategic priorities is MGM Resorts pursuing for future growth? MGM Resorts is pursuing several strategic priorities for future growth. First, the company is focused on achieving profitability in its digital business, with BetMGM expected to become profitable in 2025 while continuing to gain market share in sports betting and iGaming. Second, MGM is capitalizing on its leadership position in groups and meetings business, with over 2.2 million room nights booked for 2025. Third, the company continues to optimize its Las Vegas Strip portfolio through strategic renovations and brand partnerships like the Marriott Bonvoy alliance. Fourth, MGM is expanding its international presence, particularly in Asia where MGM China achieved record performance. Fifth, the company is pursuing expansion opportunities in key markets including Japan and New York. Finally, MGM maintains focus on operational excellence, sustainability initiatives, and capital discipline including share buybacks and dividend growth. ## Tags b2c, retailtech, public --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*