MGM Resorts International Inc. (MGM), better known as just MGM, operates casino, hotel, and entertainment resorts in the U.S. and Macau through subsidiaries. The company's properties include The Mirage, Bellagio, Luxor, Park MGM, Gold Strike Tunica, and Borgata. MGM temporarily closed its domestic properties in March 2020 as a result of the COVID-19 pandemic but the company has re-opened properties while engaging in aggressive cost-reduction efforts.

The company held $6,674 million in long-term debt at the end of the second quarter of 2023. This was an improvement over the $7,432.8 million it was carrying at the close of 2022.

Top 3 Individual Insider Shareholders

These 💫are the top 3 individual insider shareholders of MGM as of October 2023. This list reflects only direct ownership and does not include indirect ownership of shares or shares that are accessible through stock options.

William Joseph Hornbuckle

William Joseph Hornbuckle owned 473,493 shares of MGM as of Oct. 3, 2023. He was the largest individual shareholder on that date.

Hornbuckle is president and chief executive officer (CEO) of MGM. He oversees all aspects of MGM's strategy, operations and hospitality and gaming development, and he leads the company'🐻s expansion efforts. He was appointed president in 2012 and CEO in 2019 after previously holding other executive leadership positions over two decades with MGM.

Hornbuckle is a director of MGM and is chair of the boards of MGM China Holdings and CityCenter JV, which is a joint venture with Dubai World.

Corey Ian Sanders

Corey Ian Sanders owned 294,139 shares of MGM and was the second-largest individual shareholder as of Oct. 3, 2023.

Sanders is chief operating officer (COO) and oversees MGM's Las Vegas properties, among others, as well as various corporate operations. They include Hospitality, Gaming, Design and Construction, and Strategic Initiatives. Sanders was treasurer and chief financial officer before this appointment and held multiple executive leadership positions with individual MGM properties and divisions.

John M. McManus

John M. McManus owned 83,695 shares of MGM as of Oct. 3, 2023, making him the third-largest individual shareholder as of that date.

McManus is the executive vice president, general counsel, and secretary for MGM. He oversees legal and government affairs, corporate communications, corporate security, risk management, and compliance. He has worked in a series of other legal positions since joining MGM in 2001. He was executive vice president, general counsel, and secretary for Sahara Hotel & Casino before joining up with MGM.

Top 3 Institutional Shareholders

Institutional investors held 68.48% of MGM shares as of October 2023. There were 939 of them at that time.

Vanguard Group Inc.

Vanguard Group owned 34.57 million shares of MGM as of June 29, 2023, representing 9.85% of shares outstanding. The company is primarily a mutual fund and ETF management company. It had about $6.2 trillion in global assets under management (AUM) at the close of 2022.

BlackRock Inc.

BlackRock owned 22.22 million shares of MGM as of June 29, 2023, representing 6.33% of total shares outstanding. The company is primarily a 澳洲幸运5官方开奖结果体彩网:mutual fund and ETF management company with approximately $9.09 trillion in AUM.

T. Rowe Price Investment Management, Inc.

T. Rowe Price is an investment management firm that was founded by Thomas Rowe Price, Jr. in 1937. It held more than $1.399.4 billion in AUM as of the second quarter of 2023. T. Rowe Price owned more than 19.61 million shares of MGM as of June 29, 2023.

The Bottom Line

The leading shareholders of any company can change at any time as these individuals and institutions buy additional shares or sell shares off. The fortunes of the companies themselves can fluctuate significantly, particularly in the resort and casino industries. MGM experienced this type of event during the COVID-19 pandemic but it has been in the process of rebounding. MGM shares were selling for $34.83 as of Oct. 30, 2023.