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MGM Resorts International


  • MGM Resorts International is a global hospitality and entertainment company operating destination resorts in Las Vegas, Mississippi, New Jersey and Detroit, including Bellagio, MGM Grand, Mandalay Bay and The Mirage

MGM Resorts International facts

  • The company is developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts
  • It has a majority interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino and is developing a gaming resort in Cotai
  • MGM Resorts owns 50 percent of CityCenter in Las Vegas, which features ARIA Resort & Casino
  • It has a majority controlling interest in MGM Growth Properties, a real estate investment trust
  • The company began operations in 1987 as MGM Grand, Inc
  • , and became MGM Mirage in 2000, after acquiring Mirage Resorts
  • In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average
  • The company shifted its focus from owning and operating resorts and casinos, to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history
  • City Center's development coincided with global financial crisis, causing writedowns in its valuation
  • In June 2010, the company changed to its present name, to reflect its latest strategy of expanding worldwide, including licensing its brand and expertise to develop non-gaming hotels and residences

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