BlackRock Amends MGM Resorts Stake Filing (SC 13G/A)

TL;DR

**BlackRock updated its MGM Resorts ownership, signaling continued institutional interest.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of MGM Resorts International common stock as of December 31, 2023. This filing is an amendment (Amendment No: 6), meaning BlackRock has updated its previously reported stake in MGM. While the specific percentage or number of shares isn't detailed in this excerpt, the filing confirms BlackRock's continued significant institutional interest in MGM Resorts, which can be a positive signal for investors as it shows a major asset manager maintains a position.

Why It Matters

This filing confirms BlackRock, a major institutional investor, continues to hold a significant stake in MGM Resorts International, which can provide a level of confidence to other investors.

Risk Assessment

Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for the stock.

Analyst Insight

Investors should note that a major institutional investor like BlackRock continues to hold a position in MGM Resorts, which can be a sign of long-term confidence, but should also research the specific percentage of ownership from the full filing to gauge the exact level of commitment.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• MGM Resorts International (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the date the SC 13G/A was filed
• Amendment No: 6 (number) — indicates this is the sixth amendment to BlackRock's filing for MGM

Forward-Looking Statements

• BlackRock will continue to hold a significant stake in MGM Resorts International. (BlackRock Inc.) — high confidence, target: Next 12 months

FAQ

From the Filing

0001086364-24-005200.txt : 20240129 0001086364-24-005200.hdr.sgml : 20240129 20240129152630 ACCESSION NUMBER: 0001086364-24-005200 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MGM Resorts International CENTRAL INDEX KEY: 0000789570 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 880215232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40054 FILM NUMBER: 24573206 BUSINESS ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 702-693-7120 MAIL ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S. CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: MGM MIRAGE DATE OF NAME CHANGE: 20000823 FORMER COMPANY: FORMER CONFORMED NAME: MGM GRAND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GRAND NAME CO DATE OF NAME CHANGE: 19870713 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5529531015_012924.txt us5529531015_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6) MGM RESORTS INTERNATIONAL -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 552953101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 552953101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 20089954 (6) Shared voting power 0 (7) Sole dispositive power 21674207 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 21674207 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- MGM RESORTS INTERNATIONAL Item 1(b) Address of issuer's principal executive offices: ---------------------------------------------------------------------