MGM Resorts International (Bellagio)
- Founded
- 1986-01-01 in Las Vegas, Nevada, USA
- Headquarters
- Las Vegas, Nevada, USA
MGM Resorts International is a global leader in gaming, hospitality, and entertainment, operating some of the world’s most iconic integrated resorts including Bellagio, MGM Grand, and ARIA on the Las Vegas Strip. Founded in 1986 by Kirk Kerkorian, the company has grown into an S&P 500 component with 31 properties across the United States, Macau, and Europe. It also holds a 50% stake in BetMGM, a major North American sports betting and iGaming platform, and runs online gaming brands in Europe. MGM Resorts is known for its luxury accommodations, fine dining, entertainment venues, and large-scale convention spaces. The company’s corporate philosophy emphasizes sustainability and community engagement. With $17.5 billion in net revenues in 2026, MGM continues to expand its digital footprint and pursue a new integrated resort development in Japan.
Detailed Review
History
MGM Resorts International traces its roots to 1986 when Kirk Kerkorian purchased Metro-Goldwyn-Mayer Studios and launched a gaming and hospitality venture. Originally named MGM Grand, Inc., the company merged with Mirage Resorts in 2000 to become MGM Mirage, rebranding to MGM Resorts International in 2010. The merger brought flagship properties like Bellagio, The Mirage, and Treasure Island into the portfolio. Over subsequent decades, MGM expanded through developments such as Mandalay Bay, ARIA at CityCenter, and the acquisition of The Cosmopolitan of Las Vegas in 2022. The company also sold its real estate assets to Vici Properties while retaining operational control, a strategic move that reshaped its balance sheet.
Business Model
MGM Resorts generates revenue by owning or operating large-scale integrated resorts that combine hotels, casinos, restaurants, nightlife, retail, and entertainment venues. It also manages convention and meeting spaces, and runs one of the gaming industry’s most extensive loyalty programs, MGM Rewards (formerly M life Rewards). In 2018, the company entered the sports betting market via BetMGM, a joint venture with Entain plc, now providing online sportsbook and iGaming services across multiple U.S. states and Canada. MGM’s European subsidiary, LV Lion Holding Limited, operates online poker and casino brands such as partypoker.
Products and Brands
MGM’s portfolio includes iconic Las Vegas Strip properties: Bellagio (luxury hotel and casino with famous fountains), MGM Grand (large-scale resort with theater and convention space), ARIA (modern resort at CityCenter), and Mandalay Bay (resort with convention center and aquarium). Regional properties include Borgata in Atlantic City. The BetMGM platform is a leading online sportsbook and iGaming brand. MGM Rewards provides a points-based loyalty program across properties and partners. European online brands include partypoker.
Market Position and Recent Developments
MGM Resorts is one of the largest integrated resort operators globally, with a dominant presence on the Las Vegas Strip and a growing digital gaming footprint. As of 2026, the company reported $17.5 billion in net revenues and $2.4 billion in Adjusted EBITDA. It continues to invest in its digital offerings and has targeted expansion in Japan through an integrated resort development. The company’s strategic moves, such as the acquisition of The Cosmopolitan and the sale of real estate, have positioned it for long-term growth in both physical and online gaming markets.
Key Products
Bellagio Las Vegas
Luxury resort and casino with 3,933 rooms, the Fountains of Bellagio, a fine art gallery, and world-class dining.
MGM Grand Las Vegas
Large-scale resort with 6,852 rooms, MGM Grand Garden Arena, extensive gaming, entertainment, and dining options.
ARIA Resort & Casino
Modern luxury integrated resort with 4,004 rooms, a 150,000 sq ft casino, and premier spa and convention space.
Mandalay Bay Resort & Casino
Tropical-themed resort with 3,209 rooms, a beachside pool complex, Shark Reef Aquarium, and convention center.
Borgata Hotel Casino & Spa
Leading Atlantic City resort with 2,770 rooms, poker room, and high-end entertainment.
The Mirage Hotel & Casino
South Pacific-themed resort featuring the volcano show, Siegfried & Roy's Secret Garden, and Dolphin Habitat.
Luxor Hotel & Casino
Egyptian-themed pyramid hotel with 4,400 rooms, a nightclub, and shows like Blue Man Group.
Excalibur Hotel & Casino
Medieval-themed family-friendly resort with 3,981 rooms, large pool complex, and Tournament of Kings dinner show.
MGM National Harbor
Resort casino and hotel in Maryland with 308 rooms, a spa, and live entertainment venue.
MGM Springfield
Destination resort in western Massachusetts with 251 rooms, casino, and dining.
MGM China Resorts
Operates MGM Macau and MGM Cotai, two integrated resorts in Macau.
BetMGM
Leading sports betting and iGaming platform (50/50 joint venture with Entain plc) available in numerous US states and Ontario.
partypoker
Online poker brand owned by BetMGM, offering real-money poker games in North America.
LeoVegas / Royal Panda
European online casino brands operated by MGM subsidiary LV Lion Holding Limited.
M life Rewards
Multi-tiered loyalty program offering points for gaming, hotel stays, dining, and entertainment across all MGM properties.
T-Mobile Arena
20,000-seat sports and entertainment venue in Las Vegas, jointly owned with AEG.
Bellagio
Luxury Las Vegas resort known for its dancing fountains, fine dining, and high‑end casino.
MGM Grand
Large‑scale hotel‑casino on the Strip with a famous arena and extensive entertainment.
ARIA
Modern, tech‑driven resort within CityCenter featuring upscale accommodations and gaming.
Mandalay Bay
Tropical‑themed Strip resort with a casino, aquarium, and convention space.
Borgata
Premier Atlantic City casino‑resort (50% ownership).
MGM China
Holdings subsidiary operating MGM Macau and MGM Cotai in Macau.
MGM Resorts Regional
Collection of properties including MGM Springfield, MGM Detroit, Beau Rivage, and others.
MGM Rewards
Customer loyalty program that provides points across MGM Resorts properties and partner businesses.
Offices & Headcount
52000 employees (approx.)
Key Persons
Bill HornbuckleChief Executive Officer and President
Ayesha MolinoChief Operating Officer
William J. HornbuckleChief Executive Officer and President
Notable past members
- Sean McCormack — Poker Dealer