In September 2023, MGM Resorts International experienced a major ransomware attack by the ALPHV/BlackCat group, which disrupted hotel operations, casino systems, and digital services across its properties, leading to an estimated $100 million loss in revenue and prompting a significant overhaul of its cybersecurity measures as detailed in this Reuters report. Earlier in February 2023, the company completed the sale of its Gold Strike Tunica resort in Mississippi to Cherokee Nation Entertainment for $450 million, allowing MGM to streamline its portfolio and focus on core Las Vegas and international assets, according to MGM's official press release. In July 2023, MGM announced a strategic licensing agreement with Marriott International to link their loyalty programs, enabling cross-booking and rewards sharing, which aims to boost customer engagement and revenue streams as outlined in Marriott's announcement. This partnership positions MGM to tap into Marriott's vast network of travelers. These events highlight MGM's efforts to recover from disruptions while pursuing growth through divestitures and alliances.

MGM Resorts International is a leading global entertainment company headquartered in Las Vegas, operating a portfolio of iconic destination resorts, casinos, and entertainment venues including Bellagio, MGM Grand, and Mandalay Bay. The company generates revenue primarily through gaming, hospitality, and integrated resort experiences, with a growing emphasis on digital platforms like BetMGM for online sports betting and iGaming. Currently, MGM is positioned as a powerhouse in the experiential leisure industry, leveraging its Las Vegas stronghold while expanding internationally, such as through its MGM China operations in Macau. With over 80,000 employees worldwide, it focuses on creating immersive guest experiences powered by technology and entertainment. This makes it an attractive employer for young professionals interested in dynamic, customer-facing tech roles within a high-energy sector.

MGM's tech division excels in deploying advanced data analytics and AI-driven personalization tools to enhance guest experiences, such as through its M life Rewards program that uses machine learning for tailored offers and promotions. The company invests heavily in cybersecurity following recent incidents, partnering with firms like Mandiant for threat detection, and develops proprietary software for casino management, including slot machine integrations and mobile apps for contactless check-ins. In the gaming industry, which is rapidly innovating with AR/VR experiences and blockchain for secure transactions, MGM is well-positioned due to its BetMGM joint venture with Entain, enabling cutting-edge online betting platforms. The tech department's reputation is solid, offering competitive salaries averaging $120,000 for software engineers according to levels.fyi data, with strong career development through internal training programs, though work-life balance can vary due to the 24/7 nature of operations. Overall, it's viewed positively for innovation opportunities in a fun, fast-paced environment.

A key weakness for MGM is its vulnerability to economic downturns and travel disruptions, as seen during the COVID-19 recovery, where high debt levels from expansions strained finances. The company faces intense competition from rivals like Caesars Entertainment and Wynn Resorts, who are also advancing in digital gaming and international markets. Opportunities lie in the expanding online gambling sector, with BetMGM's growth in states like New York and potential entry into new markets such as Japan via the Osaka integrated resort project. Threats include stringent regulatory changes in gaming laws and ongoing cybersecurity risks, as evidenced by the 2023 attack. Additionally, shifting consumer preferences toward sustainable and experiential travel could challenge traditional casino models if not addressed.