MGM Resorts International

MGM Resorts International traces its roots to 1969, when Kirk Kerkorian opened the original International Hotel in Las Vegas. The MGM Grand brand launched in 1973, and the modern corporation took its current form in 2000.

The company operates 30+ hotel and casino destinations, hosting over 40 million guests annually across the United States, China, and Japan.

Headquartered in Las Vegas, Nevada, MGM Resorts trades on the New York Stock Exchange under ticker MGM today.

MGM Resorts International History

• 1969
  Kirk Kerkorian opens the International Hotel in Las Vegas, then the world's largest hotel, under what would become the MGM brand.
• 1973
  The MGM Grand Hotel opens on the Las Vegas Strip, introducing the era of themed mega-resorts to the American gambling market.
• 2000
  MGM Grand Inc. acquires Mirage Resorts for $6.4 billion, becoming the largest gaming company in the world at the time.
• 2005
  MGM Grand merges with Mandalay Resort Group for $7.9 billion, adding properties including Mandalay Bay and the Luxor Las Vegas to its portfolio.
• 2020
  MGM launches BetMGM, its online sports betting and iGaming platform, in a joint venture with Entain, pivoting toward digital gambling revenue.

FAQs

• Who owns MGM Resorts International?

  MGM Resorts is publicly traded on the NYSE. Its largest shareholders include IAC (Barry Diller's holding company) with roughly 18%, Vanguard Group, and BlackRock. The founding Kerkorian family no longer holds a significant stake.
• When did MGM Resorts International come out?

  MGM Grand Hotels was founded in 1969 by Kirk Kerkorian. The company was renamed MGM Mirage in 2000 after acquiring Mirage Resorts, then rebranded as MGM Resorts International in 2010.
• Is MGM Resorts International an American company?

  Yes. MGM Resorts International is an American hospitality and gaming company headquartered in Las Vegas, Nevada, USA. It operates primarily in the United States, with additional properties in Macau and a planned resort in Japan.
• Who made the MGM Resorts International logo?

  MGM Resorts' current logo and brand identity were developed by the company's internal marketing team following its 2010 rebranding from MGM Mirage. The design draws on the legacy lion imagery associated with the MGM entertainment legacy.