MGM Resorts International: One of the Leading Hospitality and Entertainment Companies in the World

If you’ve ever been to Las Vegas and marveled at the beauty of the top hotels there, such as the Bellagio, Mandalay Bay, MGM Grand, and The Mirage, you can thank MGM Resorts International for constructing the magnificent infrastructures. MGM Resorts International owns and operates 23 hotels, all of them considered to be among the top hotels in the industry.

MGM Resorts International was founded in 1986, but the company’s history started in 1969 when Kirk Kerkorian, a billionaire investor, acquired the MGM Film Studio. During those times, he was also the owner of Western Airlines and International Leisure. Both MGM and Western Airlines were wallowing in debt forcing the sale of the now known Las Vegas Hilton casino to Hilton Hotels.

After the sale, Las Vegas Hilton’s popularity grew and Kerkorian took close notice. His interest in the gaming industry was renewed, and he built the MGM Grand Hotel and Casino. Although the hotel was successful, Kerkorian was against forced to sell, this time to enable him to focus on another of his companies, United Artists. Bally Manufacturing purchased MGM Grand Hotel and later renamed it to Bally’s Las Vegas.

In 1986, Kerkorian’s Tracinda Corporation setup another company called Grand Name Co. This would later become MGM Grand Inc., and then take on its present name as MGM Resorts International. The company’s first two investments would be MGM Grand Las Vegas and MGM Grand Adventures theme park. The success of the company led to the construction of more hotels, thereby, establishing the company’s current reputation as one of the leaders in the hotel and gaming industry. Other than the United States, they also have international hotels in Macau, Dubai, Abu Dhabi, and Monte Carlo. While most of these hotels include casino’s, those in countries where gambling is prohibited do not.