MGM Resorts - M&A Summary and Business Overview

LeisureCompany

MGM Resorts M&A Summary

MGM Resorts has acquired 3 companies, including 1 in the last 5 years. It has also divested 2 assets.

MGM Resorts’ largest acquisition to date was in 2005, when it acquired Mandalay Resort Group for $7.9B. It’s largest disclosed sale occurred in 2022, when it sold The Mirage Hotel & Casino to Hard Rock International for $1.1B. MGM Resorts has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include leisure (67%) and digital media (34%).

MGM Resorts Business Overview

Where is MGM Resorts headquartered?

MGM Resorts is headquartered in Las Vegas, Nevada.

What is MGM Resorts’ revenue?

MGM Resorts disclosed revenue of 13,127M USD for 2022 and 9,680M USD for 2021.

How many employees does MGM Resorts have?

MGM Resorts has 52,000 employees.

What sector is MGM Resorts in?

MGM Resorts is a leisure company.

When was MGM Resorts founded?

MGM Resorts was founded in 1986.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

MGM Resorts

MGM Resorts International

3600 Las Vegas Boulevard South,
Las Vegas, Nevada 89109
United States,
(702) 693-7120
www.mgmresorts.com

MGM Resorts owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts was founded in 1986 and is based in Las Vegas, Nevada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - 1 - - 3
vol $7.9B $607M $8.5B
Sell (0.4/yr) # - - - 2 - - 2
vol $1.5B $1.5B
  5

Most Recent M&A

Company Date Value Type
The Mirage Hotel & Casino 2022-12-20 1.1B USD Divestiture
Las Vegas, Nevada · www.hardrockhotelcasinolasvegas.com
Gold Strike 2022-06-09 450M USD Divestiture
Tunica Resorts, Mississippi · www.goldstrike.mgmresorts.com
LeoVegas AB 2022-05-02 607M USD Add-on Acquisition
Stockholm, Sweden · www.leovegasgroup.com
Marina District Development Co. LLC ( Borgata Hotel Casino & Spa) 2016-05-31 - Stake Purchase
Atlantic City, New Jersey · www.theborgata.comv
Mandalay Resort Group 2005-04-25 7.9B USD Add-on Acquisition
Las Vegas, Nevada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Leisure 2 (67%) 7.9B (93%) 2 (100%) 1.5B (100%)
Digital Media 1 (33%) 607M (7%) - -
Total 3 $8.5B 2 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 2 7.9B 2 1.5B
  Nevada 1 7.9B 1 1.1B
  New Jersey 1 - - -
  Mississippi - - 1 450M
Sweden 1 607M - -
Domestic 2 (67%) 7.9B (93%) 2 (100%) 1.5B (100%)
Cross-border 1 (33%) 607M (7%) - -
Total 3 $8.5B 2 $1.5B

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Weil Gotshal & Manges
 1
Advokatfirman Vinge KB
 1
Fox Rothschild
 1

Deal Values

buy # Total
> $1B 1 $7.9B
$100M to $1B 1 $607M
TOTAL $8.5B
Largest Mandalay Resort Group
$7.9B (2005-04-25)
sell # Total
> $1B 1 $1.1B
$100M to $1B 1 $450M
TOTAL $1.5B
Largest The Mirage Hotel & Casino
$1.1B (2022-12-20)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Leisure

Revenue

13,127   36% 2022
9,680   88% 2021
5,162   60% 2020
12,900   10% 2019
11,763   10% 2018
10,774   14% 2017
9,455   3% 2016
9,190   9% 2015
10,082   3% 2014
9,809   8% 2013
9,160   2012
(millions of USD) Show More Show Less

Employees

52,000

Established

1986

Public

NYSE: MGM

Former Name

MGM MIRAGE

 Subscribe to unlock this and 201,688
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for MGM Resorts

Nevada Companies , Leisure Companies , United States Companies , Nevada Leisure Companies , Nevada Leisure with Acquisitions

Related Lists for Nevada Companies

Largest Nevada Companies , Acquisitive Nevada Companies , Recently Acquired Nevada Companies , Recently Sold Nevada Companies , Private Nevada Companies , Public Nevada Companies , Acquired Nevada Companies , PE Backed Nevada Companies

Related Lists for Leisure Companies

Largest Leisure Companies , Acquisitive Leisure Companies , Recently Acquired Leisure Companies , Recently Sold Leisure Companies , Private Leisure Companies , Public Leisure Companies , Acquired Leisure Companies , PE Backed Leisure Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal