Follow ColtonLochhead on Twitter. All told, Vici boasts a portfolio of 28 gambling facilities that span 47 million square feet and feature around 17, hotel rooms and plus restaurants, bars, nightclubs and sportsbooks.
Unsubscribe at any time. Don't miss the big stories. Like us on Facebook. What will he do next? While our destinations are inspired by the lights, sparkle and sound of the incomparable Las Vegas Strip, we strive to ensure that our resorts honor and reflect the most special elements of the surrounding community.
Our projects are integrated into the very fabric of the region and aim to reflect, sustain and build on the best of a community — its businesses, neighborhoods and institutions.
Its art, culture and local nuance. We invest heavily in locally and minority-owned businesses and community nonprofits. We work with government, business and civic leaders to earn the licenses we are granted. If you've decided to pursue a career with MGM Resorts, you're in great company.
Our 83, exceptional employees are the lifeblood of our organization, creating the extraordinary experiences that bring guests back to play and stay again and again through our suite of incredible brands. Whether you're providing the ultimate guest experience through service excellence or building your career within one of our many corporate disciplines, the work we offer is simply unlike any other. Start exploring and you'll see just what we mean.
We hire people with hospitality in their DNA — who think in terms of experiences rather than transactions, and who measure themselves by the opportunity to gain a greater share of a guest's loyalty with each encounter and every success. We hire people who laugh—a lot—who have big ideas, like to have fun, take pride in their work and care about their communities.
The multiple does include "expected operational synergies and identified revenue growth opportunities," but if it's accurate the price is attractive given that casino stocks typically trade for around times EBITDA.
The timing of the acquisition couldn't be better for MGM Resorts. The Las Vegas Strip is reporting all-time record gambling revenue , and every casino company has talked about corporate and convention bookings for later in and into picking up. Consolidation has been happening in Las Vegas for more than two decades, but this move pulls together a vast majority of the south end of the Las Vegas Strip under MGM Resorts' operations.
Owning adjacent resorts can help MGM book room blocks for conventions and other large events. For development purposes, it could also enable MGM Resorts and its real estate partners to develop new properties. Over the last decade, we've seen MGM Resorts monetize real estate and add new casinos in Las Vegas and around the country. This is another move in that direction. I could imagine the expansion continuing and turning MGM Resorts into a real growth stock.
The first thing to be resolved will be how MGM wants to grow in online gambling. Or, discover the best shows happening at one of our concert venues:. Beyond the hotels, each of the resorts in Las Vegas has its own unique experiences, from exceptional shows for the entire family by Cirque du Soleil to top-name artist residencies like Lady Gaga and Cher.
There are luxury day spas, fine dining options and pools, beaches and cabanas as far as the eye can see. Staying at an MGM Resort hotel is nice, but staying in a suite at any of our hotels is even nicer.
There are affordable and luxury suites, making it easier to plan the perfect vacation experience. Whether you're a group of six, eight or ten, book a suite on our website to guarantee you the best deal on a suite for your Las Vegas vacation.
We're just as obsessed with your four legged friends as you are. MGM Resorts gladly offers dog friendly rooms so your pup won't miss out on any belly rubs or midday cuddles while you're traveling.
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