Mgm Resort

Executive Summary

Our team of researchers and analysts at iBerry has reviewed in detail MGM Resorts International (NYSE:MGM) for a buy/sell recommendation. MGM Resorts is in the gaming and hospitality industry with the majority of their properties located in Las Vegas, Nevada. They are currently ranked as the second largest in the industry producing a revenue of $US 6 billion in FY 2010 which resulted in a net loss of $US 1.4 billion. The loss is due to a combination of a recovering U.S. economy and an extremely high long term debt of $US 12 billion.

MGM Resorts have a very strong brand name that is a driving force in their success. The company retains a high number of guests through loyalty programs and club memberships. MGM has also adapted to uses technology as a driving force in its marketing. MGM Resorts is stabilizing their U.S. properties while actively pursuing global expansion plans. MGM Grand Macau is their first international resort casino that is highly profitable in the Asian market. MGM Sanya is the second resort the company is opening in Asia, due to be open by the end of Q4 2011.

After careful analysis of the gaming and hospitality industry, and specifically MGM Resorts International (NYSE:MGM), our team is impressed with the future direction this company is taking. Our consultants agree that MGM Resorts International will experience growth through 2012; therefore our team is recommending that this stock be classified as Buy.

Table of Contents

Introduction……………………………………………………………………………………….……………………………………………… 6

Company Overview…………………………………………………………………………….…………………………………………….. 7

Company Situation…………………………………………………………………………………………………………………………... 8

SWOT Analysis…………………………………………………………………………………………………………………… 8

Critical Issues & Implications.……………………………………………………………………………….………… 14

Strategic Direction…………………………………………………………………………………………………………….…………... 15

Mission & Vision Statements…………………………………………………………………….…………………… 15

Long Term...