The Strip's biggest landlord
MGM Resorts operates nine casino resorts on the Las Vegas Strip, more than any other company: Aria, Bellagio, The Cosmopolitan, MGM Grand, Mandalay Bay, Luxor, New York-New York, Excalibur and Park MGM.
That concentration matters to a visitor in a way it usually is not explained: rules, comp structures and loyalty programmes are set at group level, so moving between MGM properties changes the room but not the terms.
The take-private that did not happen
People Inc., the company formerly known as IAC and MGM's largest shareholder, proposed on 1 June 2026 to buy the shares it did not own for $48.30 each in cash. On 23 September 2026 People withdrew the proposal, saying it remains open to a strategic transaction with MGM.
With the proposal withdrawn, MGM remains a listed company. People still held 26.5% of its shares, 66.8 million, when it reported the withdrawal on 24 September.
The context is that Las Vegas tourism has softened, and both of the Strip's largest operators became takeover targets in the same year. Our Caesars page covers the other half of that story.
Japan
MGM is building Japan's first casino. MGM Osaka is under construction on Yumeshima, a reclaimed island in Osaka Bay, owned roughly 40% each by MGM and the Japanese firm Orix. Construction began in April 2025 and the target opening is 2030.
Our Japan gambling laws page covers why no casino operates in the country today and why Tokyo is not on the list.
Where you will find it
What the operator does not decide
Branding varies between groups; the mathematics does not. A pass line bet costs 1.41% at every casino in the world, and the things that genuinely change what you pay are printed on the felt: our 6:5 blackjack and European against American wheels pages cover the two worth checking first.
Where the operator does matter is comps, since loyalty programmes are set at group level and play recorded at one property produces offers across the whole estate.
Frequently Asked Questions
- How many properties does MGM have on the Las Vegas Strip?
- Nine, by its 2025 annual report (Form 10-K): Aria, Bellagio, The Cosmopolitan, MGM Grand, Mandalay Bay, Luxor, New York-New York, Excalibur and Park MGM.
- When was this checked?
- Written in August 2026 from the operator's own site and an encyclopedia entry. Three sources were added beside it later, on 1 November 2026 and 30 October 2026. Facts on it have since been checked against primary sources, most recently on 1 November 2026; the note at the end of the page lists each one.
Corrected on 1 November 2026: this page said MGM has ten properties on the Strip. Its 2025 annual report (Form 10-K) lists nine casino resorts there, with The Cosmopolitan among them.
Corrected on 30 October 2026: this page described People Inc.'s take-private proposal as pending. People withdrew it on 23 September 2026 (People Inc., Schedule 13D amendment filed with the SEC on 24 September 2026).
Sources and checks. Written in August 2026 from the operator's own site and an encyclopedia entry. Three sources were added beside it later, on 1 November 2026 and 30 October 2026. Checked against primary sources: on 1 November 2026, MGM's casino resorts on the Las Vegas Strip (nine, not ten), against MGM Resorts' Form 10-K for 2025 (SEC), Item 1; on 30 October 2026, People Inc.'s proposal ($48.30 a share, 1 June 2026), its withdrawal (23 September 2026) and its stake (26.5%), against People Inc., Schedule 13D amendments (SEC, 1 June and 24 September 2026). Where a deal is agreed or proposed rather than completed, the page says so. Corporate structures change; the official links above are the authority.