MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Mirage, Luxor, New York-New York, and CityCenter. The Strip constituted approximately 49% of total EBITDAR in the prepandemic year of 2019. MGM also owns U.S. regional assets, which represented 29% of 2019 EBITDAR. We estimate MGM's U.S. sports and iGaming operations will be mid-single digit of its total revenue by 2024. Th
RCL
MAR
KMB, WABC, NTIC, CTBI, KR, ZWS, RXO, NWFL, DAL, CRM
HLT, LMT, EFX, KMI, V, UPS, TXN
HLT
Dan Wasiolek
Senior Equity Analyst