MGM Resorts - M&A Summary and Business Overview

LeisureCompany

MGM Resorts M&A Summary

MGM Resorts has acquired 4 companies, including 2 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 (50%) and digital media (25%).

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 Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • 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 (0.4/yr) # 2 - - 1 - 1 4
vol $7.9B $607M $8.5B
Sell (0.4/yr) # - - - 2 - - 2
vol $1.5B $1.5B
  6

Most Recent M&A

Company Date Value Type
Tipico - U.S sportsbook and online casino 2024-06-24 - Divestiture
Las Vegas, Nevada
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 (50%) 7.9B (93%) 2 (100%) 1.5B (100%)
Digital Media 1 (25%) 607M (7%) - -
Gaming 1 (25%) - - -
Total 4 $8.5B 2 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 3 7.9B 2 1.5B
  Nevada 2 7.9B 1 1.1B
  New Jersey 1 - - -
  Mississippi - - 1 450M
Sweden 1 607M - -
Domestic 3 (75%) 7.9B (93%) 2 (100%) 1.5B (100%)
Cross-border 1 (25%) 607M (7%) - -
Total 4 $8.5B 2 $1.5B

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Legal Deals
Fox Rothschild
1
Weil Gotshal & Manges
1
Advokatfirman Vinge
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)
50%
2 (50%)
Divested to
Strategic(s)
100%
2 (100%)

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