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MGM RESORTS INTERNATIONAL, also called MGM Resorts, is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Read More It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George's County, Maryland; and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.
Las Vegas, Nevada
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The House Always Wins. Unless It’s MGM Stock.
Text size In gambling, they say, the house always wins. Investors in MGM Resorts International (ticker: MGM) have reason to believe otherwise. The stock has languished in recent years, and at $25, trades 34% below a high of $38 reached early last year. MGM controls an impressive group of casino assets. It has a market-leading 35% position on the Las Vegas Strip with marquee hotel-casinos such as the Bellagio, Mandalay Bay, and MGM Grand. It also has properties in Detroit; metropolitan Washington, D.C.; a...
Yahoo FinanceMay 23
Will Vegas Glitz Play in Boston? Wynn Resorts Will Soon Find Out
(Bloomberg) -- Wynn Resorts Ltd. is about to find out how well Vegas plays in Boston. After holding discussions to sell its $2.6 billion Massachusetts project to MGM Resorts International -- talks that sparked an outcry from local officials -- the company has decided to keep the property. When it opens next month, Encore Boston Harbor will be the flashiest casino on the East Coast. The Wynn style -- with its floral sculptures, modern art and emphasis on high-end dining -- hasn’t always traveled well. Foun...
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