The term "profits" is such a misnomer. MGM Grand is a bundle. Trying to look at the "profitability" misses the point. With MGM, management has made a calculated move to channel proceeds into building the brand defer "profits" indefinitely to the future . . . Not a bad way to go . .. . Those closest to the heartbeat are well-compsated for their devotion. In this business model, shareholders are play the role as willing, semi-willing, and angry pawns. The only way shareholders can unlock that value is when management is good and ready to cash in. Some of these guys are ready.
MGM Resorts International is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay, Monte Carlo, New York - New York, Luxor, Excalibur, Circus Circus and The Mirage. The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts. MGM has significant holdings in gaming, hospitality and entertainment, owns and operates an additional 13 properties and has 50% investments in four other properties including CityCenter, which features ARIA Resort & Casino and Borgata Hotel Casino & Spa in Atlantic City, New Jersey. MGM also has a 51% interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino and is in the process of developing a resort on Cotai.