Core Insights - The Bellagio Fountain Club will return in 2025 with new ticket pricing starting at $7,750 for a three-night experience, aiming to enhance the luxury experience while expanding the U.S. footprint of the Las Vegas Grand Prix [1][3] - The culinary program at the Bellagio Fountain Club features renowned chefs who prepare signature dishes during the race weekend, with the 2025 lineup to be announced soon [2] - MGM Resorts is focused on refining guest experiences by enhancing hospitality, cuisine, and atmosphere for the upcoming Formula 1 event [3] Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 unique hotel and gaming destinations, recognized for creating immersive experiences [4] - The company operates BetMGM, a sports betting and online gaming venture, and is pursuing expansion in Asia through integrated resort development in Japan [4] - MGM Resorts is committed to sustainability and community impact, recognized as one of FORTUNE Magazine's World's Most Admired Companies [4] Event Details - The FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX, established in 2023, features a 50-lap race on a 3.8-mile circuit, with speeds exceeding 215 mph [5] - The 2025 race is scheduled for November 20-22, 2025, and has contributed nearly $2 million to local non-profit organizations through the Las Vegas Grand Prix Foundation [5]

Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed.Mike Hopkins, Amazon's head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and her previous position will not be replaced, Hopkins said."We've decided to flatten our leadership structure a bit and not fill the head of studios role," Hopkins wrote. "In line with Amazon's recent work to streamline reporting lines and accel ...

Core Points - MGM Resorts International will release its financial results for Q1 2025 on April 30, 2025, after market close [1] - A conference call will be held on the same day at 5:00 p.m. Eastern Time to discuss the results [1] - Supplemental slides will be available on MGM's Investor Relations website prior to the call [1] Access Information - The conference call can be accessed online or via phone, with specific numbers provided for domestic and international callers [2] - A replay of the call will be available until May 7, 2025, with access codes for replay provided [2] Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations [3] - The company operates BetMGM, LLC, which offers sports betting and online gaming in North America and Europe [3] - MGM Resorts is pursuing expansion in Asia, specifically through a resort development in Japan [3] - The company emphasizes sustainability and community impact through its "Focused on What Matters" philosophy [3] - MGM Resorts has been recognized as one of FORTUNE® Magazine's World's Most Admired Companies [3]

"We are elevating our rewards program and creating more ways than ever to earn and enjoy benefits across the world and at sea," said Anil Mansukhani, MGM Resorts' Vice President of Loyalty Marketing. "MGM Rewards' next evolution of enhancements unlocks new benefits for members at every tier. We listened to feedback from our members and wanted to recognize and reward guests' advancements throughout every level which is our central focus in delivering a best-in-class loyalty experience." Highlights of the new ...

This could be the biggest resort in the world.MGM Resorts' (MGM -0.49%) new property in Japan won't open for another five years, but when it does this could be the most profitable resort in the world. In this video, Travis Hoium puts some metrics behind what investors should expect and why this is a cheap stock today.*Stock prices used were end-of-day prices of March 19, 2025. The video was published on March 20, 2025. ...

LAS VEGAS, March 12, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today appointed Dame Donna Langley, Chairman of NBCUniversal Entertainment & Studios, to the Company's Board of Directors. Langley becomes the 13th member of the board.Langley leads greenlight decisions across NBCUniversal with full oversight of all entertainment programming and marketing across Peacock, Bravo and NBC, including primetime and late night. She continues to spearhead global creative ...

LAS VEGAS, March 11, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will participate in the J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum on Thursday, March 13, 2025. MGM Resorts management will speak at a session scheduled to begin at 4:50 p.m. ET. A live webcast of the session will be available under the Events & Presentation section of the MGM Investor Relations website at http://investors.mgmresorts.comAbout MGM Resorts Internati ...

Core Insights - BetMGM has launched its first online casino commercial titled "Vegas Lights," featuring brand ambassador Jamie Foxx, which premiered on March 4, 2025 [1][3] - The commercial highlights the connection between online gaming and in-person rewards at MGM Resorts, showcasing various Las Vegas destinations [3][4] - BetMGM aims to blend online and offline casino experiences, emphasizing responsible gaming through programs like GameSense [5] Company Overview - BetMGM is a leading sports betting and iGaming operator, formed through a partnership between MGM Resorts International and Entain Plc, and has exclusive access to MGM's U.S. gaming operations [8] - The company operates in five North American markets: Michigan, New Jersey, Pennsylvania, West Virginia, and Ontario [4] - BetMGM was founded in 2018 and is headquartered in New Jersey, utilizing state-of-the-art technology for its online gaming services [8]

Collaboration coincides with gaming leaders' support of Problem Gambling Awareness Month LAS VEGAS, Feb. 28, 2025 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) and BetMGM announced today the expansion of several groundbreaking collaborations, aiming to provide critical resources, advance research efforts, and strengthen industry-wide initiatives to better support individuals affected by problem gambling. This news comes as MGM Resorts and BetMGM join the National Council on Problem Gambling (NCPG) i ...

Business Strategy and Growth - The company has divested real estate assets and focused on acquiring online gaming operations and integrated casino properties[13]. - The company is pursuing strategic growth through mergers, acquisitions, and development, with a focus on maximizing shareholder returns[39]. - An integrated resort development in Osaka, Japan, has begun preliminary construction in 2024, following an agreement signed in September 2023[44]. - The company is exploring opportunities for gaming expansion in the UAE and Thailand, leveraging its brand recognition[48]. - The company anticipates ongoing and future strategic initiatives, including the development of an integrated resort in Japan and a commercial gaming facility in New York[80]. Revenue Sources - Over half of the net revenue from Las Vegas Strip Resorts is derived from non-gaming operations, while the majority of Regional Operations revenue comes from gaming[20]. - MGM Digital's revenue is generated from online gaming products, including iGaming and sports betting, with a focus on expanding its international presence[24]. - The company is expanding its digital business, including investments in online sports betting and iGaming, positioning BetMGM as a leader in the market[80]. Technology and Innovation - Technology and advanced data analytics are being utilized to deliver personalized digital experiences and improve operational efficiency[49]. - The company is enhancing its digital portfolio by integrating physical resorts with digital casino and sports betting experiences[50]. - BetMGM North America Venture has launched a Single App Single Wallet feature in Nevada to enhance customer retention and satisfaction[45]. - MGM Resorts' MGM Rewards loyalty technology platform enhances guest experience through seamless point earning across gaming and non-gaming activities, leading to increased app adoption[51]. Sustainability and Social Responsibility - The company aims for a 50% reduction in Scope 1 & 2 GHG emissions intensity by 2030, using 2007 as a baseline, and a 50% reduction in absolute Scope 1 & 2 GHG emissions by 2030, using 2019 as a baseline[59]. - MGM Resorts has committed to purchasing 100% renewable electricity in the U.S. and 80% globally by 2030, as part of its sustainability goals[66]. - MGM Resorts' renewable energy strategy includes a power purchase agreement for 115 MW of solar capacity and 100 MW of battery storage for its Las Vegas properties[58]. - The company has established a goal to train 100% of U.S. management employees on social impact and sustainability policies and goals by 2025[68]. - MGM Resorts aims for a 30% reduction in absolute Scope 3 GHG emissions by 2030, using 2019 as a baseline[66]. - The MGM Resorts Foundation facilitates employee engagement in charitable causes, providing grants for both employee emergencies and community support[71]. - MGM Resorts has implemented a new Employee Assistance Program to enhance mental health benefits for employees and their families[69]. - The company has engaged external experts for a comprehensive assessment of social impact and sustainability topics, with findings published in early 2024[54]. Financial Position and Risks - The company has substantial indebtedness and significant financial commitments, which could adversely affect operations and financial results[82]. - The company suspended regular dividend payments to stockholders and may not resume them in the foreseeable future[82]. - The company is exposed to interest rate risk associated with variable rate long-term debt, which could impact future earnings and cash flow[309]. - As of December 31, 2024, variable rate borrowings represented approximately 7% of total borrowings[310]. - The total gross long-term debt amounts to $5.925 billion, with a fair value of $5.839 billion[310]. - A 1% adverse change in the exchange rate would result in a foreign currency transaction loss of $25 million[312]. - A 10% adverse change in the exchange rate related to intercompany debt would result in a foreign currency transaction loss of $220 million[313]. - A 10% adverse change in the exchange rate for forward contracts would result in a foreign currency transaction loss of approximately $127 million[314]. - A 10% adverse change in equity market prices would impact earnings by $39 million[315]. Regulatory and Compliance - The company is subject to various federal, state, and local environmental laws, but has not identified any issues that could materially affect operations[78]. - The company’s operations are subject to extensive regulation, and compliance costs could adversely affect its business[84]. - The company maintains a website for investor information, including access to SEC filings and financial reports[91]. Employment and Workforce - As of December 31, 2024, MGM Resorts employed approximately 45,000 full-time and 18,000 part-time employees domestically, with collective bargaining agreements covering about 38,000 employees[72].