MGM Resorts International

Company Culture
Lifestyle
Employer type
Casino, Resort
Country
United States of America (USA)
Summary
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. The company recently opened MGM National Harbor in Maryland and is developing 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.
Main activities
MGM Resorts International properties

Las Vegas Strip:

Bellagio
Circus Circus Las Vegas
Adventuredome
Slots-A-Fun Casino
Aria Resort & Casino
Mandarin Oriental
Vdara
Veer Towers
Excalibur
Luxor
Mandalay Bay
Delano Las Vegas
Mandalay Bay Convention Center
Mandalay Bay Events Center
MGM Grand Las Vegas
MGM Grand Garden Arena
Skylofts at MGM Grand
The Mansion at MGM Grand
The Signature at MGM Grand
The Mirage
Monte Carlo
New York-New York
T-Mobile Arena
Las Vegas Festival Grounds

Other properties:

Beau Rivage – Biloxi, Mississippi
Borgata – Atlantic City, New Jersey
The Water Club
Gold Strike Casino Resort – Tunica Resorts, Mississippi
Grand Victoria – Elgin, Illinois
MGM Cotai - Cotai Strip (opening 2017)
MGM Grand Detroit – Detroit, Michigan
MGM Grand Sanya – Sanya, Hainan, China
MGM Macau – Macau, China
MGM National Harbor – National Harbor, Maryland (opened December 2016)
MGM Park – Biloxi, Mississippi
MGM Springfield – Springfield, Massachusetts (opening 2018)

Golf Courses:

Shadow Creek Golf Course – North Las Vegas, Nevada
Fallen Oak Golf Course - Saucier, Mississippi
Primm Valley Golf Club – Nipton, California
History
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer film studio.In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.When the Las Vegas Hilton, the casino he had built, subsequently became the most successful hotel in Las Vegas, Kerkorian was inspired to lead the studio into the gambling industry.[29] It opened the original MGM Grand Hotel and Casino (now Bally's Las Vegas) in 1973. The MGM Grand Reno followed in 1978.

By 1979, the two hotel-casinos accounted for most of MGM's income, and the company announced a plan to split itself in two.The next year, the film studio was spun off as a new company, while the original company, renamed as MGM Grand Hotels Inc., retained the two hotel-casinos.[34] Kerkorian held a 47 percent stake in both companies.

In 1985, Kerkorian began seeking a buyer for MGM Grand Hotels, to allow him to concentrate on running United Artists and on developing new properties under the MGM Grand name. A deal was reached for Bally Manufacturing to buy the company; the deal closed in April 1986, and the two casinos were renamed under the Bally's brand. The terms of the sale allowed Kerkorian to retain rights to the MGM Grand name, and plans were announced to offer the stockholders of MGM Grand Hotels shares in a new company that would hold the naming rights.

The company now known as MGM Resorts International was formed in 1986 as Grand Name Co as a subsidiary of Kerkorian's Tracinda Corporation.[40] It was renamed the following year as MGM Grand, Inc.
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Contact

Address3600 Las Vegas Boulevard South
Postal codeNV 89109
CityLAS VEGAS
CountryUS
Phone:+17026937120

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