MGM Resorts Files 2023 10-K, Highlights Casino & Occupancy Segments

TL;DR

**MGM's 2023 10-K is out, showing a solid year for their casino and hotel operations.**

AI Summary

MGM Resorts International filed its 10-K on February 23, 2024, for the fiscal year ending December 31, 2023. The filing indicates a focus on its casino and occupancy segments, with key financial data reported in USD. The company, incorporated in Delaware, has a business address at 3600 Las Vegas Blvd S, Las Vegas, NV.

Why It Matters

This filing provides a comprehensive overview of MGM Resorts International's financial performance and operational status for 2023, crucial for investors and stakeholders to assess its health and future prospects in the hospitality and gaming industry.

Risk Assessment

Risk Level: medium — The company operates in a highly competitive and regulated industry, susceptible to economic downturns and changes in consumer spending habits.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by this 10-K filing.)
• 0000789570 — Central Index Key (CIK) (Unique identifier for MGM Resorts International with the SEC.)
• 130 — Public Document Count (Number of documents included in this filing.)
• USD — Currency (The currency in which financial data is reported.)
• 702-693-7120 — Business Phone (Contact number for MGM Resorts International.)

Key Players & Entities

• MGM Resorts International (company) — filer of the 10-K
• Las Vegas (company) — business location
• Delaware (company) — state of incorporation
• 2023-12-31 (date) — fiscal year end
• 2024-02-23 (date) — filing date

FAQ

From the Filing

0000789570-24-000005.txt : 20240223 0000789570-24-000005.hdr.sgml : 20240223 20240223082847 ACCESSION NUMBER: 0000789570-24-000005 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 130 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 FILER: 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: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10362 FILM NUMBER: 24667325 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 10-K 1 mgm-20231231.htm 10-K mgm-20231231 FALSE FY 2023 0000789570 http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent 0000789570 2023-01-01 2023-12-31 0000789570 2023-06-30 iso4217:USD 0000789570 2024-02-21 xbrli:shares 0000789570 2023-12-31 0000789570 2022-12-31 iso4217:USD xbrli:shares 0000789570 us-gaap:CasinoMember 2023-01-01 2023-12-31 0000789570 us-gaap:CasinoMember 2022-01-01 2022-12-31 0000789570 us-gaap:CasinoMember 2021-01-01 2021-12-31 0000789570 us-gaap:OccupancyMember 2023-01-01 2023-12-31 0000789570 us-gaap:OccupancyMember 2022-01-01 2022-12-31 0000789570 us-gaap:OccupancyMember 2021-01-01 2021-12-31 0000789570 us-gaap:FoodAndBeverageMember 2023-01-01 2023-12-31 0000789570 us-gaap:FoodAndBeverageMember 2022-01-01 2022-12-31 0000789570 us-gaap:FoodAndBeverageMember 2021-01-01 2021-12-31 0000789570 mgm:EntertainmentRetailAndOtherMember 2023-01-01 2023-12-31 0000789570 mgm:EntertainmentRetailAndOtherMember 2022-01-01 2022-12-31 0000789570 mgm:EntertainmentRetailAndOtherMember 2021-01-01 2021-12-31 0000789570 mgm:ReimbursedCostsMember 2023-01-01 2023-12-31 0000789570 mgm:ReimbursedCostsMember 2022-01-01 2022-12-31 0000789570 mgm:ReimbursedCostsMember 2021-01-01 2021-12-31 0000789570 2022-01-01 2022-12-31 0000789570 2021-01-01 2021-12-31 0000789570 2021-12-31 0000789570 2020-12-31 0000789570 mgm:MGMGrandParadiseMember mgm:GamingSubconcessionMember 2023-01-01 2023-12-31 0000789570 mgm:MGMGrandParadiseMember mgm:GamingSubconcessionMember 2022-01-01 2022-12-31 0000789570 mgm:MGMGrandParadiseMember mgm:GamingSubconcessionMember 2021-01-01 2021-12-31 0000789570 us-gaap:CommonStockMember 2020-12-31 0000789570 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000789570 us-gaap:RetainedEarningsMember 2020-12-31 0000789570 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000789570 us-gaap:ParentMember 2020-12-31 0000789570 us-gaap:NoncontrollingInterestMember 2020-12-31 0000789570 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0000789570 us-gaap:ParentMember 2021-01-01 2021-12-31 0000789570 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0000789570 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0000789570 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0000789570 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0000789570 us-gaap:NoncontrollingInterestMember mgm:MGMGrowthPropertiesLimitedLiabilityCompanyMember us-gaap:CommonClassAMember 2021-01-01 2021-12-31 0000789570 mgm:MGMGrowthPropertiesLimi