MGM Resorts International
MGM Resorts International is a prominent operator of integrated casino, hotel, and entertainment resorts in the United States and Macau. The company, founded in 1986 and headquartered in Las Vegas, Nevada, manages a diverse portfolio that includes notable properties such as the MGM Grand, Mandalay Bay, and Bellagio. MGM Resorts is recognized as the largest resort operator on the Las Vegas Strip, boasting approximately 35,000 guest rooms, which account for about one-fourth of the total accommodations in the area. The company's operations are divided into three main segments: Las Vegas Strip Resorts, Regional Operations, and MGM China, with the Strip generating a significant portion of its earnings. MGM Resorts offers a comprehensive resort experience, encompassing gaming, dining, entertainment, and convention facilities, catering to various customer segments, including leisure travelers, business visitors, and group events. The company was formerly known as MGM MIRAGE until its rebranding in 2010.
Past deals in Hotel
Sydell Group
Private Equity Round in 2019
Sydell Group LLC, established in 2006 and headquartered in New York with an office in Los Angeles, specializes in owning, developing, and managing unique hotels deeply rooted in their location and architecture. The company's core expertise lies in collaborating with original talent from design, food and beverage, and retail sectors to create compelling new hotels that engage local communities. Sydell Group's diverse portfolio includes award-winning properties such as NoMad New York, Los Angeles, and Las Vegas; the LINE LA, DC, and Austin; Freehand New York, LA, Miami, and Chicago; The Ned, London; Park MGM, Las Vegas; Saguaro Palm Springs and Scottsdale.
Borgata Hotel Casino & Spa
Acquisition in 2016
Borgata Hotel Casino & Spa is a premier casino resort located in Atlantic City, New Jersey. The property features a 43-story hotel with 800 luxurious rooms and suites, accompanied by extensive meeting and event space. Guests can enjoy two full-service spas, five indoor and outdoor pools, and two fitness centers, ensuring a blend of relaxation and wellness. The casino itself offers over three acres of gaming space, housing approximately 3,000 slot machines and 180 table games, as well as video poker and facilities for off-track betting. In addition to gaming, Borgata boasts a variety of dining options and acclaimed entertainment venues, making it a comprehensive destination for leisure and entertainment.
Mirage Resorts
Acquisition in 2000
Mirage Resorts, previously Golden Nugget Companies, was an American company that owned and operated hotel-casinos.
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