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MGM

MGM Resorts

Consumer DiscretionaryServicesS&P 500
Ticker MGMLAS VEGAS, NVFiscal year ends DecemberBook value per share $9.73Diluted shares 258.3M

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. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$17.54BFY2025
+1.7% year over year
Last 12 mo $17.76B
5.71%FY2025
−2.9 percentage points
Last 12 mo 5.73%
$520.87MFY2025
−51.1% year over year
Last 12 mo $673.63M
10.14%FY2025
−14.6 percentage points
Last 12 mo 16.94%
Cash & financing
$2.53BFY2025
+7.1% year over year
Last 12 mo $2.46B
$1.46BFY2025
+20.5% year over year
Last 12 mo $1.49B
2.56FY2025
Was 2.10× a year earlier
Last 12 mo 2.41
277.3MFY2025
−10.6% year over year
Last 12 mo 258.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MGM Resorts does

In the company’s own words

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.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Services
Headquarters
LAS VEGAS, NV
Fiscal year end
December
CIK
789570
SIC
7011

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.23B$2.50B$8.22B$13.95B$19.67B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MGM Resorts — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

437
funds hold it
1 of 35
superinvestors hold it
$2.93B
held by funds, at market
26.1%
of shares held by funds
13
bond issues held by funds

Superinvestors in MGM Resorts · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · MGM Resorts’s weight in each

Davis New York Venture Fund
NYVTX · DAVIS NEW YORK VENTURE FUND INC
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%of fund net assets
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

MGM Resorts’s bonds, as funds hold them

Funds report holding 13 issues of MGM Resorts’s debt, $1.21B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.65%, maturing 2026 to 2033.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do MGM Resorts and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of MGM Resorts's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in MGM Resorts's last four quarterly filings that the numbers alone won't show?”
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