The largest shareholder of MGM Resorts International is IAC Inc., holding a significant stake in the company.
Understanding MGM Resorts' Major Shareholders
MGM Resorts International, a global hospitality and entertainment company, has a diverse shareholder base comprising both institutional investors and strategic corporate entities. Understanding the composition of its major shareholders provides insight into the company's ownership structure and key influences.
As of the latest available data, the top shareholder is a well-known internet and media conglomerate. This significant ownership indicates a strategic interest in the gaming and hospitality sector, potentially influencing future directions and partnerships for MGM Resorts.
Key Shareholders of MGM Resorts International
The table below details the largest shareholders of MGM Resorts International, highlighting their respective equity holdings and the percentage of shares they own:
| Name | Equities | Percentage (%) |
|---|---|---|
| IAC Inc. | 64,723,602 | 21.74 % |
| Vanguard Fiduciary Trust Co. | 27,193,779 | 9.133 % |
| Davis Selected Advisers LP | 19,038,296 | 6.394 % |
| BlackRock Advisors LLC | 13,673,366 | 4.592 % |
- IAC Inc. stands out as the dominant shareholder, with over one-fifth of the company's shares. IAC is a leading media and internet company that has diversified its portfolio to include significant stakes in various sectors, viewing MGM as a key investment in the entertainment and leisure industry.
- Vanguard Fiduciary Trust Co. and BlackRock Advisors LLC are among the largest asset managers globally. Their significant holdings in MGM Resorts are typical of major institutional investors that include large-cap companies in their diversified funds, reflecting confidence in the company's market position and long-term prospects.
- Davis Selected Advisers LP is another notable institutional investor with a substantial share, indicating a focused investment strategy in the hospitality sector.
The presence of such major institutional and corporate shareholders underscores the perceived stability and growth potential of MGM Resorts International within the global entertainment and hospitality landscape. Their collective influence can play a role in corporate governance, strategic decision-making, and long-term business objectives.
