# MGM Resorts International

MGM Resorts International is a Corporation based in Las Vegas, United States.

## Overview

- **Organization type:** Corporation
- **Headquarters:** Las Vegas, United States
- **Region:** North America
- **Address:** Las Vegas, NV, United States
- **Founded:** 1986
- **Assets under management:** Undisclosed
- **Website:** www.mgmresorts.com
- **LinkedIn:** https://www.linkedin.com/company/mgm-resorts-international

## Regulatory record

- **Reports private funds:** No

## About

MGM Resorts International operates in the hospitality and entertainment industry, specializing in resorts and casino operations. The company has 28 destinations and offers entertainment and accommodations. It was founded in 2000 and is based in Las Vegas, Nevada.

## Sectors

- Leisure & Hospitality
- Real Estate
- Entertainment
- Luxury

## People

- Bill Hornbuckle — CEO and President (since 2020)
- Jonathan Halkyard — CFO and Treasurer

## Questions

### Who runs investment decisions at MGM Resorts International?

CEO Bill Hornbuckle and CFO Jonathan Halkyard lead capital allocation and strategic direction. The company's board guides major investments like property development and M&A.

### Does MGM primarily own real estate or operate resorts?

MGM operates the resorts. In 2022, it sold its portfolio of real estate assets to VICI Properties in a sale-leaseback, becoming a pure operating company.

### How does MGM fund new resort development?

MGM funds through operating cash flow, public debt markets, and joint ventures. The Osaka project was partly financed through loans and partners, per public reports.

### What investment stages does MGM typically target?

MGM targets large-scale resort developments (greenfield and acquisitions), as well as growth investments in digital sports betting and entertainment platforms.

### Is MGM involved in sports betting?

Yes, through BetMGM, a joint venture with Entain that holds US market access and online sportsbook licenses.

### Where does MGM generate most of its revenue?

Las Vegas Strip properties generate the majority, supplemented by regional US resorts and international properties (Macau until 2024).

### How does MGM's structure differ from other casino operators?

MGM operates without owning most of its real estate, via a sale-leaseback with VICI Properties — a structure that minimizes cost of capital and focuses on hospitality execution.

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Last updated: 2026-06-03T20:00:00.000Z

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