MGM Resorts International

MGM Resorts International is a publicly traded U.S. company, which operates hotels and casinos. The company is based in Las Vegas.


The present company MGM Resorts International was formed in 2000 from the acquisition of Mirage Resorts competitor from the possession of Steve Wynn by the casino and hotel operator MGM Grand under the name of MGM Mirage. The history of MGM Grand, in turn, began in 1969 when the U.S. investor Kirk Kerkorian, the Hollywood film studio Metro-Goldwyn- Mayer ( MGM) majority took over and a little later in Las Vegas under the brand MGM 's first casino hotel, today MGM Grand Hotel Las Vegas, opened. From this nucleus the company MGM Grand at which Kerkorian majority of the shares kept when he sold the film business was born.

Through the acquisition of Mirage Resorts were among other casino hotels Bellagio and Mirage in Las Vegas in the possession of the renamed now in MGM Mirage company. In 2004 there was a further takeover. The aim was to competitors Mandalay Resort Group, were among its portfolio among other casino hotels Mandalay Bay, Luxor and Excalibur in Las Vegas. The Casino Hotel Treasure Iceland in 2008 was sold in Las Vegas.

Today, MGM Resorts International is after the competitor Caesars Entertainment 's second-largest casino operator in the world with multiple locations worldwide.

On 15 June 2010, the shareholders approved a name change to " MGM Resorts International ". The company changed along with the name of their business model from a pure gaming operations to a larger focus in the real estate market. An example of the realignment is the launch of the City Center, an approximately $ 8.5 billion expensive complex of casinos, hotels, condominiums and retail space. The City Center is located on a 31 acre property located on the Las Vegas Boulevard between the casino hotels Monte Carlo and Bellagio.

Chief Executive Officer Jim Murren announced in May 2010 that the hedge fund Paulson & Co had 40 million shares ( about 9 % ) new second largest shareholder of MGM Resorts International.

Company figures

The company's turnover in 2010 was around 6.0 billion U.S. dollars with a loss of 1.4 billion U.S. dollars. The number of employees in 2010 was around 62,000 employees worldwide.

The majority shareholder of the company is still in Kirk Kerkorian. Listed is the stock on the New York Stock Exchange under the symbol "MGM ".

MGM casinos and hotels

Las Vegas

In Las Vegas, the nucleus of the company include purchasing the following casinos and hotels to the portfolio of the company:

  • Bellagio
  • City Center (50 % joint venture with Dubai World) Aria Resort & Casino
  • Harmon Hotel and Spa
  • Veer Towers
  • The Crystals
  • Vdara
  • Mandarin Oriental


  • Silver Legacy Resort Casino, Reno (50 % share, remaining at the Eldorado Hotel Casino )
  • Railroad Pass, Henderson
  • Nevada Landing Hotel and Casino, Jean
  • Gold Strike Hotel and Gambling Hall, Jean

Miscellaneous USA

  • Gold Strike Resort and Casino, Tunica, Mississippi
  • Grand Victoria, Elgin, Illinois
  • MGM Grand Detroit, Detroit Michigan ( 98 % share, rest at Partners Detroit, LLC)
  • Beau Rivage Hotel and Casino, Biloxi, Mississippi
  • MGM Grand Atlantic City, New Jersey
  • Borgata Hotel / Casino and Spa, Atlantic City New Jersey (50 % share over Marina District Development Corporation)


  • MGM Grand Macau, Macau (together with Pansy Ho Chio -king )
  • MGM Grand Abu Dhabi, Abu Dhabi
  • The Bellagio Dubai, Dubai
  • MGM Grand Dubai, Dubai
  • Skylofts Dubai, Dubai