MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 30 unique hotel and destination gaming offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company recently acquired the operations of Empire City Casino in New York and Hard Rock Rocksino in Ohio, which was rebranded as MGM Northfield Park. In 2018, MGM Resorts opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in Shanghai. The 83,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.
Mission and Core Beliefs
Over the course of the last decade, MGM Resorts has engaged in a sweeping transformation, building a new Company on an entirely new trajectory and forging a single, unified vision about who we are and what we do.
Our Las Vegas roots are a proud part of our history and a signature element of everything we create, wherever we may go. In our eyes, entertainment is not extracurricular – it’s a fundamental human need. Therefore, we exist to ENTERTAIN THE HUMAN RACE.
Our History
Our origins date back to the late 1960s and an eighth-grade dropout named Kirk Kerkorian, who became one of the most famous and successful businessmen of his generation. A one-time owner of the renowned Metro-Goldwyn-Mayer movie studio (which today has no relationship to MGM Resorts International), he is widely credited as among the early pioneers of Las Vegas. He built the International Hotel in 1962—the largest hotel in the world at that time—whose first two performers were Barbra Streisand and Elvis Presley. Just four years later, he built the MGM Grand Hotel which surpassed International Hotel in size and was larger, even, than the Empire State Building.
In 2000, long after Kerkorian had left the business, MGM Grand, Inc., the holding company he founded, acquired Mirage Resorts in what was the largest transaction of its kind in the gaming industry at that time. The new company, named MGM MIRAGE, acquired Mandalay Resort Group in 2005 and retained the MGM MIRAGE name until 2010, when the Company was renamed MGM Resorts International.