American Gambling Markets Atlas (AGMA)

Operators / MGM Resorts International

MGM Resorts International

Operator · MGM · Paradise, Nevada[1]

www.mgmresorts.com

50/50 BetMGM joint venture with Entain (originally Roar Digital, named Jan 2019). In June 2026, People Inc. (Barry Diller, 26.1% holder) offered to buy remaining MGM shares, valuing the company above $18B.

Subsidiaries: Borgata

Financials

Market cap $7.5B · MGM on NYSE · Oct 11, 2026[10]

Est. U.S. revenue $12.2B · FY2025 · Las Vegas Strip + Regional Operations segments; excludes Macau and intl/LeoVegas digital[11]

20162025
Fiscal yearRevenue (USD)Net income (USD)Year end
FY2025$17.5B$206MDec 31, 2025[9]
FY2024$17.2B$747MDec 31, 2024[9]
FY2023$16.2B$1.1BDec 31, 2023[9]
FY2022$13.1B$1.5BDec 31, 2022[8]
FY2021$9.7B$1.3BDec 31, 2021[7]
FY2020$5.2B−$1.0BDec 31, 2020[6]
FY2019$12.9B$2.0BDec 31, 2019[5]
FY2018$11.8B$467MDec 31, 2018[4]
FY2017$10.8B$2.0BDec 31, 2017[3]
FY2016$9.5B$1.1BDec 31, 2016[2]

Brands

Reported revenue, last 12 months

StateVerticalHandleGGR
MarylandCommercial casinos—$868M
MichiganOnline casino—$794M
MassachusettsCommercial casinos—$285M
MichiganSports (online)$664M$87.2M
MichiganSports (retail)$28.5M$3.1M
MarylandSports (retail)$32.2M—
MichiganCommercial casinos——

Licenses

LicensedNot licensed
Alaska: Not licensedAKMaine: Not licensedMEVermont: Not licensedVTNew Hampshire: Not licensedNHWashington: Not licensedWAIdaho: Not licensedIDMontana: Not licensedMTNorth Dakota: Not licensedNDMinnesota: Not licensedMNWisconsin: Not licensedWIMichigan: LicensedMINew York: LicensedNYMassachusetts: LicensedMARhode Island: Not licensedRIOregon: Not licensedORNevada: Not licensedNVWyoming: Not licensedWYSouth Dakota: Not licensedSDIowa: Not licensedIAIllinois: Not licensedILIndiana: Not licensedINOhio: LicensedOHPennsylvania: Not licensedPANew Jersey: LicensedNJConnecticut: Not licensedCTCalifornia: Not licensedCAUtah: Not licensedUTColorado: Not licensedCONebraska: Not licensedNEMissouri: Not licensedMOKentucky: Not licensedKYWest Virginia: Not licensedWVVirginia: Not licensedVAMaryland: LicensedMDDelaware: Not licensedDEArizona: Not licensedAZNew Mexico: Not licensedNMKansas: Not licensedKSArkansas: Not licensedARTennessee: Not licensedTNNorth Carolina: Not licensedNCSouth Carolina: Not licensedSCDistrict of Columbia: Not licensedDCOklahoma: Not licensedOKLouisiana: Not licensedLAMississippi: LicensedMSAlabama: Not licensedALGeorgia: Not licensedGAHawaii: Not licensedHITexas: Not licensedTXFlorida: Not licensedFL
StateVerticalBrandLicenseStatusLaunched
MassachusettsCommercial casinosMGM SpringfieldCategory 1 Gaming Licenseactive[12],[13]
MarylandCommercial casinosMGM National HarboractiveDec 8, 2016[14],[15]
MichiganCommercial casinosMGM Grand Detroitactive[16]
MississippiCommercial casinosBeau Rivage CasinoCommercial casino licenseactive[17],[18]
New JerseyCommercial casinosBorgata Hotel Casino & SpaCasino license / Internet Gaming Permit (NJIGP 26-001) #NJIGP 26-001active[19]
New YorkVGTs / VLTsEmpire City Casino at Yonkers RacewayVLT Facility Licenseactive[20]
OhioVGTs / VLTsMGM Northfield ParkVLT Racinoactive[21]

Regulatory actions

DateStateAgainstActionAmountWhat happened
Sep 23, 2026PennsylvaniaMGM Resorts InternationalFine
Commercial casinos
$50,250PGCB fined MGM Resorts International $50,250 for filing a Principal Licensing application late.[22]
Apr 17, 2025NevadaMGM Resorts International, MGM Grand Hotel/Casino, and The Cosmopolitan of Las VegasSettlement
Commercial casinos
$8.5MNevada regulators fined MGM Resorts International entities $8.5 million over AML-program deficiencies and employee failures tied to illegal bookmakers Wayne Nix and Mathew Bowyer wagering at MGM Grand and The Cosmopolitan of Las Vegas.[23]
Jul 21, 2023MassachusettsMGM SpringfieldFine
Sports (retail)
$20,000MGM Springfield was fined after its vendor BetMGM mistakenly coded Harvard as a Connecticut school, leading to 28 tickets of wagers on two unauthorized Harvard men's basketball games in February 2023.[24]

Sources

  1. MGM Resorts International · retrieved Oct 10, 2026
  2. MGM Resorts International Form 10-K filed 2019-02-27 · retrieved Oct 11, 2026
  3. MGM Resorts International Form 10-K filed 2020-02-27 · retrieved Oct 11, 2026
  4. MGM Resorts International Form 10-K filed 2021-02-26 · retrieved Oct 11, 2026
  5. MGM Resorts International Form 10-K filed 2022-02-25 · retrieved Oct 11, 2026
  6. MGM Resorts International Form 10-K filed 2023-02-24 · retrieved Oct 11, 2026
  7. MGM Resorts International Form 10-K filed 2024-02-23 · retrieved Oct 11, 2026
  8. MGM Resorts International Form 10-K filed 2025-02-18 · retrieved Oct 11, 2026
  9. MGM Resorts International Form 10-K filed 2026-02-11 · retrieved Oct 11, 2026
  10. MGM (MGM) quote · retrieved Oct 11, 2026
  11. MGM Resorts International - Form 10-K - FY2025 · retrieved Oct 11, 2026
  12. Sports Wagering Licensees · retrieved Oct 10, 2026
  13. MGM Springfield coverage · retrieved Oct 10, 2026
  14. Maryland's Casinos · retrieved Oct 10, 2026
  15. List of casinos in Maryland · retrieved Oct 10, 2026
  16. Authorized Online Gaming and Sports Betting Platform Providers in Michigan · retrieved Oct 10, 2026
  17. Mississippi Gaming Commission Public Information: Monthly Survey Information (Property Data), August 1-31, 2026 · retrieved Oct 10, 2026
  18. Beau Rivage (Mississippi) · retrieved Oct 10, 2026
  19. Internet Gaming Permit Holders · retrieved Oct 10, 2026
  20. Video Lottery · retrieved Oct 10, 2026
  21. Sports Gaming Proprietors and Services Providers (Last Updated 10/16/2025) · retrieved Oct 10, 2026
  22. PA Gaming Control Board Approves Two Consent Agreements · retrieved Oct 11, 2026
  23. Nevada Gaming Control Board and MGM Resorts International Enter Into Proposed Stipulation for Settlement Regarding Disciplinary Complaint · retrieved Oct 11, 2026
  24. In the Matter of: MGM Springfield Potential Noncompliance Incident, Decision · retrieved Oct 11, 2026