MGM Resorts International
Ticker: MGMConsumer DiscretionaryServicesS&P 500The business
MGM Resorts International (NYSE: MGM) operates as a leading global entertainment and hospitality company with a diversified portfolio of casino resorts, hotels, and entertainment venues. The company's website is www.mgmresorts.com.
MGM Resorts generates revenue through its casino operations, hotel accommodations, food and beverage services, entertainment offerings, and retail operations across multiple properties. The company operates iconic branded properties including Bellagio, MGM Grand, The Mirage, Mandalay Bay, and Aria, among others. The company maintains a significant presence in Las Vegas, which serves as its primary market, while also operating properties in other domestic locations and internationally.
The company's business model centers on destination resort operations that combine gaming facilities with luxury hotel accommodations, fine dining, entertainment venues, and retail spaces. This integrated approach allows MGM Resorts to capture multiple revenue streams from individual guests and drive operational efficiency across properties. The company benefits from strong brand recognition, prime real estate locations, and established customer loyalty programs that create competitive advantages in the gaming and hospitality industry.
MGM Resorts operates through various reportable segments reflecting its diverse geographic and operational footprint. The company's properties attract both domestic and international visitors, with gaming revenue supplemented by substantial non-gaming revenue from hotel operations and other amenities. The company employs a substantial workforce across its properties and maintains a significant real estate portfolio.
The company has undergone significant corporate restructuring in recent years, including the separation of certain real estate assets into MGM Growth Properties, which operates under a master lease arrangement with MGM Resorts. This structure allows the company to optimize its capital allocation while maintaining operational control of its properties. The credit agreement documented in this filing reflects MGM Resorts' financing arrangements with a syndicate of major financial institutions, providing the company with revolving credit facilities to support operations and strategic initiatives.
- Sector
- Consumer Discretionary
- Industry
- Services
- HQ
- LAS VEGAS, NV
- FY end
- 12-31
- CIK
- 789570
- SIC
- 7011
Ownership
Who holds MGM Resorts International — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30
Top fund holders
| Fund | % of fund | Value |
|---|---|---|
| Davis New York Venture Fund NYVTX · DAVIS NEW YORK VENTURE FUND INC | 3.91% | $293.06M |
| VANGUARD TOTAL STOCK MARKET INDEX FUND VTI · VANGUARD INDEX FUNDS | 0.01% | $271.87M |
| VANGUARD 500 INDEX FUND VOO · VANGUARD INDEX FUNDS | 0.01% | $237.80M |
| VANGUARD SMALL-CAP INDEX FUND VB · VANGUARD INDEX FUNDS | 0.10% | $196.42M |
| Invesco S&P 500 Equal Weight ETF RSP · Invesco Exchange-Traded Fund Trust | 0.21% | $180.99M |
Superinvestors in MGM Resorts International
Share of each manager's reported 13F portfolio.
Bonds held by funds
Funds report holding 13 issues of MGM Resorts International's debt, $1.21B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 5.65%, maturing 2026–2033.
| Issue | Coupon | Matures | Funds | Fund-held |
|---|---|---|---|---|
| MGM 4.75 10/15/28 | 4.750% | 2028-10-15 | 86 | $308.65M |
| MGM 6.125 09/15/29 | 6.125% | 2029-09-15 | 134 | $278.22M |
| MGM Resorts International | 6.500% | 2032-04-15 | 113 | $207.53M |
| MGM 5.5 04/15/27 | 5.500% | 2027-04-15 | 69 | $165.02M |
| MGM Resorts International | 4.625% | 2026-09-01 | 35 | $73.09M |
| MGM China Holdings Ltd | 6.250% | 2033-05-15 | 37 | $71.81M |
| MGM China Holdings Ltd | 7.125% | 2031-06-26 | 29 | $37.28M |
| MGM China Holdings Ltd | 4.750% | 2027-02-01 | 21 | $35.44M |
| MGM China Holdings Ltd | 5.880% | 2026-05-15 | 4 | $34.32M |
| 3.875% MTY 02/15/2029 | 3.875% | 2029-02-15 | 1 | $1.92M |
The 10 largest by fund-held value, of 13.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
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