Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
MGM Resorts International is a global hospitality and entertainment company primarily operating in the integrated resort, gaming, lodging, and entertainment industries. The company develops, owns, and operates destination resorts featuring casino gaming, hotel accommodations, convention and meeting space, live and theatrical entertainment, and food and beverage offerings. Its core revenue drivers are casino operations, hotel room sales, food and beverage, entertainment, and digital gaming, with customers spanning leisure travelers, business and convention clients, and gaming patrons.
The company is recognized for its portfolio of premium resort brands and large-scale destination properties, particularly along the Las Vegas Strip, which provides a strategic advantage through scale, brand recognition, and integrated offerings. MGM Resorts traces its roots to MGM Grand, Inc., formed in 1986, and evolved through multiple mergers and acquisitions, including the 2000 acquisition of Mirage Resorts. In 2010, the company adopted the MGM Resorts International name to reflect its broader global hospitality strategy beyond gaming.
Business Operations
MGM Resorts operates through distinct business segments that generate revenue from both physical and digital assets. Its primary segments include Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment encompasses flagship integrated resorts such as Bellagio, MGM Grand, Mandalay Bay, and ARIA, generating revenue from gaming, lodging, and entertainment. Regional Operations consist of casinos and hotels across multiple U.S. states, serving local and regional customers.
Internationally, MGM Resorts conducts operations through MGM China Holdings Limited, which operates integrated resorts in Macau under long-term concessions. The company also participates in online sports betting and iGaming through BetMGM, a joint venture with Entain plc, which operates across multiple U.S. jurisdictions. MGM controls extensive hospitality infrastructure, proprietary resort brands, loyalty programs, and gaming licenses, supported by partnerships in digital gaming and entertainment.
Strategic Position & Investments
MGM Resorts’ strategy focuses on capital-light growth, digital expansion, and maximizing the value of its resort portfolio. The company has pursued asset monetization through real estate transactions, including sale-leaseback agreements with MGM Growth Properties (now acquired by VICI Properties), while retaining operational control of core resorts. Growth initiatives emphasize expanding BetMGM, enhancing luxury and experiential offerings, and optimizing convention and entertainment revenue.
Notable investments include its continued ownership stake in MGM China Holdings Limited and its joint venture interest in BetMGM. MGM Resorts has also invested in data analytics, customer loyalty technology, and cashless gaming solutions to improve operational efficiency and customer engagement. Emerging focus areas include digital wagering technology, premium lifestyle experiences, and selective international expansion where regulatory frameworks are favorable.
Geographic Footprint
MGM Resorts’ headquarters are located in Las Vegas, Nevada, and the company maintains a significant operational presence across North America and Asia. In the United States, MGM operates destination and regional resorts in Nevada, Massachusetts, Michigan, Mississippi, Maryland, New Jersey, Ohio, and several other states, giving it broad exposure to both tourism-driven and local gaming markets.
Internationally, the company’s most significant footprint is in Macau, China, one of the world’s largest gaming markets, through MGM China. Through BetMGM, MGM Resorts also has a digital presence across numerous regulated U.S. states, extending its market reach beyond physical properties and enhancing its influence in the growing online gaming sector.
Leadership & Governance
MGM Resorts International is led by an executive team with deep experience in hospitality, gaming, finance, and digital entertainment. The leadership emphasizes disciplined capital allocation, brand stewardship, and long-term value creation, with a strategic vision centered on experiential entertainment and technology-enabled growth.
Key executives include:
- Bill Hornbuckle – President and Chief Executive Officer
- Jonathan Halkyard – Chief Financial Officer
- Corey Sanders – Chief Operating Officer
- Paul Salem – Chairman of the Board
- Lance Evans – Chief Accounting Officer
- Ari Kastrati – Chief Hospitality Officer
The company operates under a governance framework aligned with U.S. public company standards, with board oversight focused on regulatory compliance, risk management, and strategic execution.