MGM Resorts International

Kirk Kerkorian built an empire starting with the Metro-Goldwyn-Mayer film studio before pivoting to real estate and entertainment venues. His vision materialized in 1987 when MGM Grand, Inc. opened its doors, eventually merging with Mirage Resorts on May 31, 2000, to form the entity known today as MGM Resorts International. The company now operates 28 destinations across the United States, Asia, and Europe under the leadership of CEO William Hornbuckle. This sprawling network includes iconic properties like the Bellagio, Mandalay Bay, and MGM Grand in Las Vegas, alongside international locations in Macau, Shanghai, and Atlantic City.

A major shift occurred in the mid-2000s when revenue from dining, lodging, and retail began outpacing traditional betting receipts. This trend drove an aggressive expansion into real estate development, most notably the construction of CityCenter. At the time, this mixed-use project represented the largest active construction site on Earth. Financial turbulence struck after the 2008 crisis caused significant write-downs for the complex, yet the company adapted by restructuring in 2015. That move separated real estate holdings into MGM Growth Properties so MGM Resorts could focus purely on operations.

Recent financial reports indicate the company generated approximately $13.13 billion in revenue in 2022. While stock performance has shown some underperformance relative to competitors in late August 2026, institutional investors remain confident. Major shareholders including Legal & General Group Plc, The Manufacturers Life Insurance Company, and the Canada Pension Plan Investment Board acquired significant shares in early August 2026. The brand continues to leverage its Hollywood connections through campaigns featuring actor Jon Hamm for its BetMGM sportsbook and maintains a strong culinary reputation with Joël Robuchon at the MGM Grand earning the Southwest's only two Michelin stars. [edit]