MGM Resorts International

MGM Resorts International

MGM Resorts International

Date Founded



250 Royall St., Canton, Massachusetts, 02021, United States

Type of Company


Employees (Worldwide)



Casinos & Gaming
Hotels, Resorts, and Cruiselines
Holding Companies
Recreation & Leisure

Company Description

MGM Resorts International 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. 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.

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Executives & Employees

Chairman & Chief Executive Officer

Chief Corporate Counsel & Assistant Secretary

President & Chief Operating Officer

Chief Financial Officer & Treasurer

Secretary, Executive Vice President & General Counsel

Chief Experience & Marketing Officer

Executive Vice President & Chief Accounting Officer

Chief Human Resources Officer

Chief Strategy Officer

Senior Vice President & Chief Digital Officer

Board of Directors

Chairman & Chief Executive Officer at MGM Resorts International

Founder at Corvex Management LP

Co-Founder at Providence Equity Partners LLC

President & Chief Executive Officer at Hernandez Media Ventures

Chair & Chief Executive Officer at NEW Ventures LLC

Founding Member at McKinney-James & Associates

President, Chief Operating Officer & Director at Infinity World Development Corp.

President & Chief Executive Officer at Kilroy Realty Corporation

Former Chief Executive Officer at Ingram Micro, Inc.

Principal at Bristol Partners LLC

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Owners & Shareholders
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Corvex Management focuses on fundamental, value-based, event-driven investing across the capital structure. The firm's investment process based on fundamental business, credit and market analysis, credit structure analysis and identification of an investment catalyst. They employ an opportunistic approach to investing with a specific focus on equity investments, special situations and distressed securities. The firm often seeks to be an active investor and work with portfolio companies to create investment opportunities. Corvex Management is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

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Harris uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. The firm's investment philosophy spans across large, mid and small cap companies. In addition, Harris may hedge a client's exposure to direct or indirect foreign currencies. In constructing portfolios for their clients, the firm seeks out companies that they believe are trading in the market at significant discounts to their underlying value. Harris believes purchasing businesses at a discount to intrinsic value minimizes risk while providing substantial profit potential. The firm uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or industries. Harris generates their research ideas from a variety of internal and external sources. The firm's research process seeks to identify companies selling at a discount to its estimate of intrinsic value.

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CCA is a multi-strategy, credit-focused, global value-oriented asset management firm that invests across a variety of asset classes, including bank debt, high yield, distressed and special situation securities, securitized assets, equities (including preferred and common stock), convertible arbitrage and risk arbitrage. They emphasizes bottom-up fundamental credit analysis and looks across the corporate capital structure, investing opportunistically across senior secured leveraged loans, high yield bonds, convertibles, equities and credit derivatives. Additionally, the firm looks beyond the traditional corporate markets to the structured finance space, where they invests in mortgage securities/derivatives, aircraft lease securitizations, CDOs/CLOs, distressed structured municipal bonds and other areas. Positions in other asset classes, such as foreign currencies and commodities, may be employed to a lesser extent as appropriate. Allocations across these asset classes will shift over time in response to evolving value propositions and risk/reward profiles.

Recent Transactions
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MGM Resorts International purchases Sydell Group Ltd.

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MGM Resorts International purchases Yonkers Racing Corp.

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MGM Resorts International purchases Tix Corp.

Insider Transactions
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Transaction Advisors

Advised onMGM Resorts International purchases Mirage Resorts LLC

Investment Advisor

Advised onMGM Resorts International purchases Mirage Resorts LLC

Legal Advisor

Advised onMGM Resorts International purchases Mandalay Resort Group

Legal Advisor

Advised onMGM Resorts International purchases Yonkers Racing Corp.

Legal Advisor

Advised onMGM Resorts International purchases Mandalay Resort Group

Legal Advisor

Advised onMGM Resorts International purchases Mandalay Resort Group

Advisors & Consultants
Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Legal Advisor

Partner at Latham & Watkins LLP


Principal at Gensler, Inc.


MGM China Holdings Ltd. is an investment company, which engages in the development and operation of gaming and lodging resorts. The company involves in owning and management of casino, hotel, food and beverage, and retail operations. Its properties include MGM Macau and MGM Cotai. The company was founded on July 2, 2010 and is headquartered in Macau.

Ark Restaurants Corp. owns and operates restaurants and bars, fast food concepts and catering operations in the U.S. It operates in New York City, Florida, Washington, D.C, Las Vegas, NV and the gulf coast of Alabama. The company was founded in January 1983 and is headquartered in New York, NY.

Joy City Property Ltd. operates as a commercial property developer and operator, which focuses on the development, operation, sales, leasing, and management of complexes and commercial properties. It operates through the following segments: Property Investment, Property and Land Development, Hotel Operations, and Property Management and Related Services. The Property Investment segment involves property letting. The Property and Land Development segment focuses on the sale of properties, and development of lands. The Hotel Operations segment deals with hotel ownership and management. The Property Management and Related Services segment provides agency services and property management services. The company was founded on September 23, 1992 and is headquartered in Hong Kong.

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Tunity, Inc. develops deep learning and computer vision based technology that allows users to hear live audio from muted televisions directly on their mobile device. Its app allows to listen in real time to live news, sports and entertainment programming. The company was founded by Adi Gabber and Yaniv Davidson and is headquartered in New York, NY.

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PlayStudios, Inc. develops casual games for social platforms. Its applications include play free mobile slots, play free slots on facebook, play free blackjack, play free konami slots and play pop slots. The company was founded in April 2011 by Andrew S. Pascal, Paul D. Mathews, Nicholas Koenig, Monty Kerr, Chad Hansing and Michael P. Rolnick and is headquartered in Las Vegas, NV.

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Morgans Hotel Group Co. Hotels, Resorts, and Cruiselines | New York, NY

Morgans Hotel Group Co. operates, owns, acquires, develops and redevelops boutique hotels. It also operates nightclubs, restaurants, bars, and other food and beverage venues in many of the hotels and casinos. The company was founded in 1984 and is headquartered in New York, NY.

Rocket Fuel, Inc. Computer Software | Redwood City, CA

Rocket Fuel, Inc. is a predictive marketing software company. It uses artificial intelligence to provide managed services, as well as SaaS-based data management platform (DMP) and demand side platform (DSP). The company's integrated DMP and DSP platforms are designed to deliver and optimize media spend to engage, up-sell and retarget consumers across addressable channels, such as display, mobile, video, social, and television. Rocket Fuel was founded by Richard A. Frankel, Abhinav Gupta and George H. John on March 25, 2008 and is headquartered in Redwood City, CA.

South Jersey Industries, Inc. Holding Companies | Folsom, NJ

South Jersey Industries, Inc. is a holding company, which engages in the provision of energy-related products and services through its wholly-owned subsidiaries. It operates through the following segments: Gas Utility Operations; Wholesale Energy Operations; Retail Gas and Other Operations; Retail Electric Operations; On-Site Energy Production; Appliance Service Operations; and Corporate & Services. The Gas Utility Operations segment consists of natural gas distribution to residential, commercial, and industrial customers. The Wholesale Energy Operations segment includes the activities of South Jersey Resources Group and South Jersey Exploration. The Retail Gas and Other Operations segment is involved in the natural gas acquisition and transportation service business lines. The Retail Electric Operations segment refers to electricity acquisition and transportation to commercial, industrial, and residential customers. The On-Site Energy Production segment refers to Marina's thermal energy facility and other energy-related projects. The Appliance Service Operations segment comprises of South Jersey Energy Service Plus, which serviced residential and small commercial HVAC systems, installed small commercial HVAC systems, provided plumbing services, and serviced appliances under warranty via a subcontractor arrangement as well as on a time and materials basis. The Corporate & Services segment refers to the costs incurred related to the agreement to Elizabethtown Gas and Elkton Gas. The company was founded in 1969 and is headquartered in Folsom, NJ.

Awards & Honors
Rank #309
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #309
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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