MGM
Resorts International Company History
Introduction
As the preferred destination for
vacation and business by millions of people annually, MGM Resorts International
offers spectacular and state of the art casinos and hotels. Based in Nevada,
MGM Resorts International operates a chain of gaming, entertainment and
hospitality resorts. Due to the excellent service offered in the resorts, users
have characterized it as a paradise. The destination resorts offered by the
company are meant to provide an experience to remember with first class
accommodation, dining, and entertainment. Other facilities that are coupled in
the resorts are meeting and convention facilities and also quality retail and
gaming experiences. The company is
committed to treating guests with luxury and exceptional care.
Company
history
Founded in 1987 as MGM Grand Inc., the
company started its operations as a charter airline called MGM Grand Air and
later acquired Mirage Resorts to becoming MGM Mirage in 2000. In 2010, the
company further changed its name to MGM Resorts International to reflect the
brand of its hotels and expand its global experience. However, the history of
the company is affiliated with Kirk Kerkorian who bought the Flamingo and
constructed an international leisure company in 1967. As of 1973, he opened an
MGM Grand in Flamingo corner and Las Vegas Boulevard with 2100 rooms becoming
the world’s largest hotel and in 1978 the Grand Reno opened.
Founders
Kirk Kerkorian is heavily affiliated as
an influential figure in shaping Las Vegas. He was an American businessman and
investor with an Armenian origin and his role in the rise of casinos and hotels
in Las Vegas cannot be overemphasized. He builds the international hotel, the
MGM Grand Hotel, and the MGM Grand which are total under the umbrella of MGM
Resorts International. Architect Martin Stern Jr. was also another influential
person in laying the foundation for the modern MGM Resorts International.
Operations
The company operates a list of 15
properties located in Nevada, Mississippi, and Michigan. Other earnings of the
company come from investments. There two operational segments for the company;
the MGM China and the wholly owned domestic resorts. The casino resorts cater
for hotels, convention, dining, gaming, and entertainment as well as retail and
other resort amenities. Also, there are other business activities that include
corporate and management operations and investments, especially in
unconsolidated affiliates. It further owns Shadow Creek which is a golf course
10 miles north of its clubs in Las Vegas. It also owns and manages the City
Center Holdings LLC in Bellagio Monte Carlo. The Mandarin oriental Las Vegas
which is a non-gaming boutique hotel is also under the ownership of MGM Resorts
International and Crystals, Vdara, Grand Victoria, Borgata Hotel and a
riverboat casino in Illinois.
MGM
China
In China, the operations of the company
consist of casinos and resorts (MGM Macau). The coast strip in Macau is
especially popular for entertainment, hotels, and casinos. They possess a
controlling on MGM China Holding LTD that owns the grade paradise.
Conclusion
The company is widely known for the
inclusion of diversity and has earned various awards such as the 40 best
companies for diversity, the best place to work and as one of the top regional
and top 100 companies for MBA students. It maintains a mark as one of the most
admired companies in the world.
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