The hotel and casino operations became a separate entity in 1980 when Kirk Kerkorian orchestrated the breakup of Metro-Goldwyn-Mayer into two distinct companies: Metro-Goldwyn-Mayer Film Co. in 1986 marked the rebirth of sorts of the hotel and casino operations that at one time were part of entertainment giant Metro-Goldwyn-Mayer. In addition to the company ’s $1.1 billion entertainment complex in Las Vegas, it also operated a MGM Grand hotel and casino in Darwin, Australia and held a 50 percent stake in Las Vegas-based New York- New York, a 2,035-room hotel and casino slated to open in the winter of 1996/1997.
During the mid-1990s, MGM Grand owned and operated the MGM Grand Hotel, Casino & Theme Park in Las Vegas, which ranked as the largest hotel and the largest casino in the world when it opened its doors in late 1993. operates an entertainment, hotel, and gaming company in Las Vegas. Employees: 7,120 Sales: $721.8 million (1995) Stock Exchanges: New York SICs: 7011 Hotels & MotelsĪ leading hotel and casino operator, MGM Grand Inc. Public Company Incorporated: 1986 as MGM Grand Inc. 3799 Las Vegas Boulevard South Las Vegas, Nevada 89109 U.S.A.
