MGM Company Overview & Description
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. In addition to its 51% interest in MGM China Holdings and the MGM Macau, the Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in three other properties in Nevada and Illinois. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts' unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company's renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company's commitment to sustainable development and operations.
http://youtu.be/jRHttnGUUsQ
MGM Key Company Management
James Joseph Murren
Chairman of the Board, Chief Executive Officer, President and Chairman of Executive Committee, MGM Resorts International
Mr. James Joseph Murren, Jim has been the Chairman and Chief Executive Officer of MGM Resorts International (also known as MGM Grand Inc. and MGM Mirage) since December 1, 2008 and has been its President since August 2007. Mr. Murren has been the President of Galleon Inc. since December 2008. He served as Treasurer of Galleon, a joint venture firm of Circus & Eldorado Joint Venture since April 2005. He served as the Chief Operating Officer of MGM Resorts International from August 21, 2007 to September 2010 and its President from December 1999 to November 30, 2008. Mr. Murren served as the Chief Financial Officer of MGM Resorts International from January 1998 to August 21, 2007, Treasurer, from November 2001 to August 21, 2007, and its Principal Accounting Officer until August 21, 2007. He served as an Executive Vice President of MGM Mirage from January 1998 to December 1999. Prior to joining the board of MGM Grand Paradise, Mr. Murren was involved in the design, development, financing, management and operations of MGM Grand Paradise. He served as Managing Director and Co-Director of Research for Deutsche Morgan Grenfell and served in various other capacities since 1984. Prior to his employment at MGM Mirage, Mr. Murren spent 14 years on Wall Street as a top-ranked Equity Analyst and served as Director of Research and Managing Director of U.S. Equity Research of Deutsche Bank AG, Research Division. He serves as Co-chairperson at MGM China Holdings Limited and has been its Executive Director since September 22, 2010. He has been an Executive Director of MGM Resorts International since 1998. He has been a Director of MGM Grand Paradise since January 19, 2010. Mr. Murren serves as a Director of American Gaming Association and Nevada Cancer Institute. He has been a Director of Silver Legacy Capital Corp. since November 2007. He served as a Director of Delta Petroleum Corp. from February 2008 to November 21, 2011. Mr. Murren received a Bachelor of Arts degree in Art History and Urban Studies from Trinity College in 1983.
Kerkor Kerkorian
Founder, Senior Adviser and Director Emeritus, MGM Resorts International
Mr. Kirkor Kerkorian is the Chief Executive Officer, President, and Co-Chairman of Tracinda Corp. He is the Founder and Owner of the firm as well as the largest shareholder of General Motors. Mr. Kerkorian had a professional relationship with MGM Studios and its predecessors for over 25 years. He has been a Director of Metro-Goldwyn-Mayer Inc. since October 1996 and Member of Executive Committee. Mr. Kerkorian has been a Director of MGM Mirage since 1987.
Daniel J. D'Arrigo
Chief Financial Officer, Executive Vice President and Treasurer, MGM Resorts International
Mr. Daniel J. D'Arrigo, Dan has been the Chief Financial Officer and Executive Vice President of MGM Resorts International since August 21, 2007 and has been its Treasurer since September 2009. Mr. D'Arrigo serves as Treasurer of Galleon Inc. at Circus & Eldorado Joint Venture. He has been Chief Financial Officer and Executive Vice President of MGM Mirage since August 21, 2007. and also has been its Treasurer since September 2009. He served as Senior Vice President of Finance at MGM Resorts International (alternate name: MGM Resorts International) from February 2005 to August 2007 and served as its Vice President of Finance from December 2000 to February 2005. He served as Director of Corporate Finance of MGM Mirage from January 1997 to January 2000 and as Manager of Corporate Finance of MGM Mirage from October 1995 to January 1997. He served as Assistant Vice President of MGM Mirage from January 2000 to December 2000. He has been Non-executive Director of MGM China Holdings Limited since March 16, 2011. Mr. D'Arrigo holds a Bachelor's degree in Business Administration from West Virginia University in 1991.
Corey I. Sanders
Chief Operating Officer, MGM Resorts International
Mr. Corey I. Sanders has been Chief Operating Officer of MGM Resorts International since September 2010. Mr. Sanders has been Chief Operating Officer for the Core Brand Properties of MGM MIRAGE since August 2009. Mr. Sanders has been Chief Operating Officer at MGM Resorts International since September 2010. Mr. Sanders served as an Executive Vice President of operations for MGM MIRAGE since August 2007. Mr. Sanders held the position of Executive Vice President and Chief Financial Officer for MGM Grand Resorts from April 2005 to August 2007. He served as an Executive Vice President and Chief Financial Officer for MGM Grand from August 1997 to April 2005. Mr. Sanders has been a Director of Silver Legacy Capital Corp. at Circus & Eldorado Joint Venture since February 2010.
Gamal Aziz
Chief Executive Officer of MGM Hospitality and President of MGM Hospitality, MGM Resorts International
Mr. Gamal Aziz has been the Chief Operating Officer at MGM Grand Hotel and Casino of MGM Mirage and its subsidiary Mirage Resorts, Inc. since 2001. Mr. Aziz serves as the Chief Executive Officer and President at MGM Hospitality, a subsidiary of MGM Resorts International. He served as the President of MGM Grand Hotel and Casino of MGM Mirage and its subsidiary Mirage Resorts, Inc. since 2001. Mr. Aziz joined MGM Resorts International in 1998 as Senior Vice President at Bellagio and played an integral role in the resort's opening and early success.
View more Board of Directors & Execs: http://investing.businessweek.com/research/stocks/people/people.asp?ticker=MGM:US
MGM Contact Info
MGM Resorts International
3600 Las Vegas Boulevard South
Las Vegas, NV 89109
Phone: 702-693-7120
Fax: 702-693-8626
Website: http://www.mgm-mirage.com
Website: http://www.mgmgrand.com
Website: http://mgmresortsevents.com/default.aspx
facebook: http://www.facebook.com/pages/MGM-Resorts-Events/162635083752201?sk=info
MGM Recent Developments
Quote:
MGM Resorts International Plans to Build Western Massachusetts Casino 01/13/2012
MGM Resorts International wants to build a Western Massachusetts casino. MGM promising to invest north of $600 million to build a destination casino working name, the Rolling Hills Resort on a remote, 150-acre parcel adjacent to the Massachusetts Turnpike. The MGM facility would directly produce about 3,000 permanent jobs, and indirectly generate thousand more. Several thousand construction jobs would be created during the 30-to-36-month construction period.
SEC Filings
http://finance.yahoo.com/q/sec?s=MGM+SEC+Filings
Competitors
http://finance.yahoo.com/q/co?s=MGM+Competitors
Industry
http://finance.yahoo.com/q/in?s=MGM+Industry
Headlines
http://finance.yahoo.com/q/h?s=MGM+Headlines
China Holdings
http://www.mgmchinaholdings.com/en/investor_relations
Presentations
http://mgmresorts.investorroom.com/index.php?s=67
Key Statistics
http://finance.yahoo.com/q/ks?s=MGM+Key+Statistics
Insider Transactions
http://finance.yahoo.com/q/it?s=MGM+Insider+Transactions
MGM Products & Services
MGM Resorts International, a global hospitality company, owns and operates casino resorts in the United States. The company’s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. The company owns and operates the following casino resorts in Las Vegas, Nevada: Bellagio, MGM Grand Las Vegas, The Mirage, Mandalay Bay, Luxor, New York-New York, Monte Carlo, Excalibur, and Circus Circus Las Vegas. Operations at MGM Grand Las Vegas include management of The Signature at MGM Grand Las Vegas, a condominium-hotel consisting of three towers. Other Nevada operations include Circus Circus Reno, Gold Strike in Jean, and Railroad Pass in Henderson. The company and its local partners own and operate MGM Grand Detroit in Detroit, Michigan. It also owns and operates two resorts in Mississippi: Beau Rivage in Biloxi and Gold Strike Tunica. The company also owns Shadow Creek, a golf course located approximately 10 miles north of its Las Vegas Strip resorts, Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi. The company owns 50% of CityCenter, located between Bellagio and Monte Carlo. The other 50% of CityCenter is owned by Infinity World Development Corp (Infinity World), a wholly-owned subsidiary of Dubai World, a Dubai, United Arab Emirates government decree entity. CityCenter consists of Aria, a 4,004-room casino resort; Mandarin Oriental Las Vegas, a 392-room non-gaming boutique hotel; Crystals, a retail district with 334,000 of leaseable square feet; and Vdara, a 1,495-room luxury condominium-hotel. In addition, CityCenter features residential units in the Residences at Mandarin Oriental – 225 units and Veer – 669 units. Aria, Vdara, Mandarin Oriental and Crystals all opened in 2009 and the residential units within CityCenter began closing in 2010. The company has 50% interests in MGM Macau, Grand Victoria and Silver Legacy. Pansy Ho Chiu-King owns the other 50% of MGM Macau. Grand Victoria is a riverboat casino in Elgin, Illinois; an affiliate of Hyatt Gaming owns the other 50% of Grand Victoria and also operates the resort. Silver Legacy is located in Reno, adjacent to Circus Circus Reno, and the other 50% is owned by Eldorado LLC. The company also has a 50% economic interest in Borgata Hotel Casino & Spa (Borgata) located on Renaissance Pointe in the Marina area of Atlantic City, New Jersey; its interest is held in trust and offered for sale. Boyd Gaming Corporation (Boyd) owns the other 50% of Borgata and also operates the resort. The company owns additional land adjacent to Borgata, a portion of which consists of common roads, landscaping and master plan improvements, and a portion of which was planned for a wholly-owned development, MGM Grand Atlantic City. History The company was founded in 1986. It was formerly known as MGM MIRAGE and changed its name to MGM Resorts International on June 15, 2010.
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Resorts & Casino's
http://www2.citycenter.com/luxury_las_vegas_condos/
http://www.arialasvegas.com/
http://www.mgmresorts.com/
http://www.mgmresortsvacations.com/
http://www.circusreno.com/
http://www.citycenter.com/
http://www.mgmgrand.com/
http://www.mgmmacau.com/zh-hant/
http://www.mgmhospitality.com/
The MGM Resorts International Cards
http://www.mgmresortsgiftcard.com/
Earn rewards and benefits based on your play at
M life casinos
https://www.mlife.com/
MGM Financial Reporting/Disclosure & Security Details
MGM Resorts International follows under these quidelines on the NYSE market tier.
Investigate more @ http://www.otcmarkets.com/stock/MGM/quote for more due diligence.
Share Structure
Market Cap: 6.22B
Shares Outstanding: 488,830,987 shares per 10Q listed below
Float: 310.42M per yahoo financial
Authorized Shares: 1,000,000,000 shares per 10Q listed below
Par Value: $.01
Shareholders
Shareholders of Record: 294
http://finance.yahoo.com/q/mh?s=MGM+Major+Holders
Transfer Agent(s)
BNY Mellon Shareowner Services
P.O. Box 358015
Pittsburgh, PA 15252
Phone: 800-356-2017
Corporate Website: http://www.mellon.com/mis/index.html
Accountants
Deloitte & Touche, LLP
3773 Howard Hughes Parkway
490 North Tower
Las Vegas, NV 89109
Financial Reporting/Disclosure
Reporting Status: U.S. Registered & Reporting: SEC Filer
CIK: 0000789570
Sector: Services Industry: Resorts & Casinos
Fiscal Year End: 12/31
OTC Market Tier: NYSE
Company Notes
Formerly=MGM Mirage, Inc. until 6-2010
Formerly=MGM Grand, Inc. until 8-00
Profile Data
SIC - Industry Classification: SIC # 7011
Business Status Development Stage Company:
Incorporated In: DE, USA
Year of Inc: founded in 1986
Employees: 45,000
Security Notes
Issued=1-86 per rights offering by MGM Grand Hotels, Inc. Basis: 1 sh MGM Grand, Inc for each 1.5 rights & $10.50 cash
Latest Addt'l Issue=12-89 2,500,000 shs at $15 by Bear Stearns & Co., Inc
Purchase Offer=7-98 by the company for up to 6,000,000 shs at $35 per sh. Offer expires 7-31-98
Purchase Offer=6-99 by the company for up to 6,000,000 shs at $50 per sh. Offer expires 7-23-99
Capital Change=shs increased by 2 for 1 split. Ex-date=02/28/2000. Rec date=02/10/2000. Pay date=02/25/2000.
OTC Disclosure last 10Q reported Nov 7, 2011 period ending Sept 30, 2011
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8225265
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Resources used in this post: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, MGM website
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