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MGM (MGM Resorts International) Fees and Other Income


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What is MGM Resorts International Fees and Other Income?

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MGM Resorts International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM Resorts International (NYSE:MGM) » Definitions » Fees and Other Income
Comparable Companies
WYNN CZR MTN BYD HGV VAC PENN RRR MLCO MCRI LVS HKSE:01928 HKSE:00027 SGX:G13 HKSE:02282 HKSE:01128 XKLS:3182 XKLS:4715 XPAR:BAIN XKRX:035250
Traded in Other Exchanges
MGM:Mexico 0JWC:UK MGG:Germany MGG:Germany M1GM34:Brazil
Address
3600 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Website
https://www.mgmresorts.com
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
Executives
Keith A. Meister director C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
Paul J Salem director 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Jonathan S Halkyard officer: CHIEF FINANCIAL OFFICER DAVE & BUSTER'S ENTERTAINMENT, INC., 2481 MANANA DRIVE, DALLAS TX 75220
William Hornbuckle officer: Chief Marketing Officer 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Daniel J Taylor director 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
Mary Christine Gay director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Alexis Herman director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
John Mcmanus officer: SVP ASST GEN COUNSEL ASST SCY 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119
Sanders Corey Ian officer: COO Core Brands 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119
Ben Winston director 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109
Rose Mckinney-james director 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119
Gary M Fritz officer: President, Interactive C/O EXPEDIA INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Janet Swartz director 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ac/interactivecorp 10 percent owner 555 WEST 18TH STREET, NEW YORK NY 10011
Todd Meinert officer: SVP Financial Reporting 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109