SEC Form SC 13G filed by MGM Resorts International

2/14/24 10:04:34 AM ET

Hotels/Resorts

Consumer Discretionary

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SC 13G 1 mgm13gdec23.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ) MGM RESORTS INTERNATIONAL (Name of Issuer) COMMON STOCK (Title of Class of Securities) 552953101 (CUSIP NUMBER) December 31, 2023 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. Rowe Price Investment Management, Inc. 85-4328500 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 6,321,138 6. Shared Voting Power* 0 7. Sole Dispositive Power* 15,375,976 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 7,130,512 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 2.1% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: MGM RESORTS INTERNATIONAL Item 1(b) Address of Issuer's Principal Executive Offices: 3600 LAS VEGAS BLVD S, LAS VEGAS, NEVADA 89109 Item 2(a) Name of Person(s) Filing: (1) T. Rowe Price Investment Management, Inc. (Price Investment Management) Item 2(b) Address of Principal Business Office: 101 E. Pratt Street, Baltimore, MD 21201 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 552953101 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class This statement is being filed to report the fact that, as of the date of this report, the reporting person(s) has (have) ceased to be the beneficial owner of more than five percent of the class of securities. Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Investment Management does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Investment Management serves as investment adviser. Any and all discretionary authority which has been delegated to Price Investment Management may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Investment Management which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Investment Management. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. Rowe Price Investment Management, Inc. Date: February 14, 2024 Signature: /s/ Armando Capasso Name & Title: Armando Capasso, Vice President 12/31/2023

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$MGM

Date	Price Target	Rating	Analyst
7/22/2025		Buy → Neutral	Seaport Research Partners
7/7/2025	$34.00	Sell	Goldman
6/26/2025		Mkt Outperform → Mkt Perform	Citizens JMP
6/23/2025	$38.00	Neutral	Analyst
2/14/2025	$50.00	Hold → Buy	Argus
2/3/2025		Buy → Neutral	BTIG Research
7/3/2024	$52.00	Buy	BTIG Research
5/2/2024	$54.00	Neutral → Positive	Susquehanna

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SEC Form SC 13G filed by MGM Resorts International

2/14/24 10:04:34 AM ET

$MGM

Hotels/Resorts

Consumer Discretionary

Get the next $MGM alert in real time by email

Recent Analyst Ratings for

$MGM

Date	Price Target	Rating	Analyst
7/22/2025		Buy → Neutral	Seaport Research Partners
7/7/2025	$34.00	Sell	Goldman
6/26/2025		Mkt Outperform → Mkt Perform	Citizens JMP
6/23/2025	$38.00	Neutral	Analyst
2/14/2025	$50.00	Hold → Buy	Argus
2/3/2025		Buy → Neutral	BTIG Research
7/3/2024	$52.00	Buy	BTIG Research
5/2/2024	$54.00	Neutral → Positive	Susquehanna

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SEC Form SC 13G filed by MGM Resorts International

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SEC Form SC 13G filed by MGM Resorts International

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Press Releases

MGM Resorts International Announces Third Quarter Earnings Release Date

MGM RESORTS INTERNATIONAL NAMES AYESHA MOLINO CHIEF OPERATING OFFICER; GARY FRITZ NAMED CHIEF COMMERCIAL OFFICER AND PRESIDENT OF MGM DIGITAL

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Insider Purchases

CHIEF FINANCIAL OFFICER Halkyard Jonathan S bought $321,700 worth of Common Stock $.01 Par Value ND (10,000 units at $32.17), increasing direct ownership by 15% to 75,648 units (SEC Form 4)

Director Salem Paul J bought $4,986,090 worth of Common Stock $.01 Par Value ND (147,500 units at $33.80), increasing direct ownership by 9% to 1,702,500 units (SEC Form 4)

CEO AND PRESIDENT Hornbuckle William bought $1,986,444 worth of Common Stock $.01 Par Value ND (58,900 units at $33.73), increasing direct ownership by 19% to 377,112 units (SEC Form 4)

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Insider Trading

CHIEF LEGAL ADMIN OFC AND SECY Mcmanus John sold $2,167,170 worth of Common Stock $.01 Par Value ND (60,000 units at $36.12), decreasing direct ownership by 66% to 31,521 units (SEC Form 4)

President, Interactive Fritz Gary M converted options into 4,710 units of Common Stock $.01 Par Value ND and covered exercise/tax liability with 1,881 units of Common Stock $.01 Par Value ND, increasing direct ownership by 4% to 69,173 units (SEC Form 4)

Director Meister Keith A. sold $8,571,640 worth of shares (242,000 units at $35.42) (SEC Form 4)

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SEC Filings

MGM Resorts International filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

MGM Resorts International filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

SEC Form 10-Q filed by MGM Resorts International

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Financials

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Large Ownership Changes