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MGM Mirage

MGM Mirage (NYSE: MGM) operates a number of casino resorts both in the U.S. and international markets including the MGM Grand, Bellagio, and The Mirage.

Company Description

MGM Mirage's primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, dining, entertainment, retail and other resort amenities. Over half of their net revenue is derived from non-gaming activities, a higher percentage than many of their competitors.

As of March 31, 2009 MGM Mirage's primary operations consisted of 16 wholly-owned casino resorts and 50% investments in four other casino resorts, including:

  • Las Vegas, Nevada: Bellagio, MGM Grand Las Vegas, Mandalay Bay, Mirage, Luxor, New York-New York, Excalibur, Monte Carlo, Circus Circus Las Vegas, and Slots-A-Fun.
  • Other: Circus Circus Reno and Silver Legacy (50% owned) in Reno, Nevada; Gold Strike in Jean, Nevada; Railroad Pass in Henderson, Nevada; MGM Grand Detroit; Beau Rivage in Biloxi, Mississippi and Gold Strike Tunica in Tunica, Mississippi; Borgata (50% owned) in Atlantic City, New Jersey; Grand Victoria (50% owned) in Elgin, Illinois; and MGM Grand Macau (50% owned).

Other operations include the Shadow Creek golf course in North Las Vegas; the Primm Valley Golf Club at the California state line; and Fallen Oak golf course in Saucier, Mississippi.

Source: MGM Mirage May 11th, 2009 10-Q

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