Park MGM

What Park MGM does

Park MGM is a luxury resort and casino located on the Las Vegas Strip at 3770 S Las Vegas Blvd, wholly owned and operated by MGM Resorts International (NYSE: MGM). The property was rebranded from the former MGM Grand Las Vegas and reopened under the Park MGM name in 2019. It operates 2,640 hotel rooms and suites, including a premium boutique tier called The Reserve at Park MGM, alongside a full-service casino, multiple restaurants (The Library, Bavette's, Best Friend, Eataly), nightlife, spa, pools, retail, and meetings/event space.

The property's flagship differentiated asset is Dolby Live, a 5,200-seat indoor amphitheater featuring the first fully integrated Dolby Atmos audio system with 402 speakers, a custom 4K LED video wall, and a 240-foot projection mapping surface across nine HD and 4K projectors. The venue hosts concerts, award shows, combat sports, conventions, and basketball events, with telescopic retractable seating allowing flexible configurations. Entertainment programming includes resident artists such as New Kids on the Block, Sammy Hagar, and Mary J. Blige, supported by a premium VIP banquet seating product with bottle service.

Park MGM generates revenue through six primary streams: hotel accommodations, casino operations (slots, table games, high-limit tables, BetMGM sportsbook), ticketed entertainment at Dolby Live, food and beverage across multiple outlets, meetings and group events, and the MGM Rewards loyalty program (with partner integrations including Marriott Bonvoy, Royal Caribbean, Celebrity Cruises, and Southwest Airlines). Pricing is transaction-based across rooms, tickets, and gaming, with group discounts available for 9+ ticket buyers and tiered loyalty benefits driving repeat visitation. The property serves leisure resort guests, entertainment seekers, casino gaming customers, and corporate/group event planners.

Name

Park MGM

Legal name

MGM Resorts International

Website

https://parktheaterlv.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Park MGM is a Las Vegas Strip luxury resort and casino operated by MGM Resorts International, offering 2,640 rooms, a casino, dining, and the Dolby Live entertainment venue to leisure travelers, gaming patrons, and corporate event planners.

Ownership category

akta.pro rank

Product category

Luxury Resort and Casino Hospitality

NAICS

Casino Hotels (721120), Casino Hotels (72112)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Integrated Casino Resorts (THAGAJAA)

akta.pro secondary industry

Luxury Casino Resorts (THAGACAJ)

Keywords

• Luxury resort hospitality
• Live entertainment venue
• Hotel accommodations
• Casino gaming operations
• Meetings event hosting

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain, Technology or R&D, Others

Revenue model

1. Hotel Accommodations: Rooms and suites including The Reserve at Park MGM luxury tier, offering various room categories and pricing tiers
2. Casino Operations: Slot machines, table games, high limit table games, and BetMGM sportsbook
3. Entertainment Venue (Dolby Live): Concert and event ticketing with approximately 5,200 seats, premium VIP seating with bottle service, and group ticket sales
4. Food & Beverage: Multiple restaurant outlets including The Library, Bavette's, Best Friend, Eataly, plus room service, catering, and private dining
5. Meetings & Events: Convention space, weddings, and group event hosting at the venue
6. Loyalty Program (MGM Rewards): Tiered rewards program driving repeat visits and customer retention with partner integrations including Marriott Bonvoy

Pricing tiers

Distribution channels5 records

Marketing channels3 records

Core offering

Park MGM is a 2,640-room luxury resort and casino on the Las Vegas Strip offering hotel accommodations, casino gaming, multiple restaurants (price ranges $ to $$$$), a spa and salon, pools and cabanas, retail shopping, nightlife, meetings and events space, and live entertainment anchored by the Dolby Live 5,200-seat amphitheater. Guests can earn and redeem MGM Rewards loyalty points on-property and place sports wagers through the on-site BetMGM sportsbook.

Product overview

Park MGM is a luxury Las Vegas Strip resort operated by MGM Resorts International featuring a portfolio of integrated hospitality products and services. The property's flagship entertainment offering is Dolby Live, a state-of-the-art 5,200-seat amphitheater with Dolby Atmos sound technology. Accommodations include standard hotel rooms, suites, and The Reserve luxury boutique tier. The property also features a full-service casino with BetMGM sportsbook integration, diverse dining options (The Library, Bavette's, Best Friend, Eataly), entertainment shows, pools, spa, meetings/events venues, nightlife, and shopping destinations. The MGM Rewards loyalty program ties together the guest experience across all properties with partner integrations including Marriott Bonvoy, Royal Caribbean, Celebrity Cruises, and Southwest Airlines.

Differentiator

Problem solved

Functional benefit

Brands

• Dolby Live: A 5,200-seat indoor amphitheater venue at Park MGM featuring a custom Dolby Atmos sound system with 402 speakers, 4K LED video wall, and versatile configurations for concerts, awards shows, sports events, and conventions.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Dolby LaboratoriescoreTechnology or IntegrationDolby Live venue features first-of-its-kind fully integrated Dolby Atmos audio system with 402 speakers. The technology provides immersive sound experiences for concerts, awards shows, and conventions. Dolby Atmos mixing tools allow artists maximum flexibility in creative vision realization.
• Marriott BonvoycoreGTM or Marketing PartnerMGM Rewards partnership integration allowing points exchange between Marriott Bonvoy and MGM Rewards programs, enabling cross-platform loyalty benefits for travelers.
• Royal Caribbean International & Celebrity CruisesminorGTM or Marketing PartnerMGM Rewards preferred partner for cruise line integration, allowing members to earn and redeem rewards across cruise and resort experiences.
• Southwest AirlinesminorGTM or Marketing PartnerMGM Rewards preferred partner for airline integration, enabling members to earn rewards and access travel benefits.
• BetMGMcoreGTM or Marketing PartnerBetMGM sportsbook located at Park MGM casino with online sportsbook and gaming platform. MGM Resorts partnership for sports betting and online gaming services.
• EatalyminorChannel Partner/ Reseller/ DistributorItalian dining and retail concept operating within Park MGM, offering authentic Italian cuisine and marketplace.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Resorts World Las Vegas: Newer Strip integrated resort with hotel, casino, F&B, and a major entertainment venue (including a 5,000-seat theatre). Competitor for entertainment bookings and the same luxury visitor segment.
• New York-New York Hotel & Casino: MGM-owned Strip property combining hotel, casino, F&B, and entertainment (including Mad Apple by Cirque du Soleil). Sister MGM property that competes with Park MGM for the same Strip visitor pool and MGM Rewards members.
• The Cosmopolitan of Las Vegas: Adjacent Strip integrated resort with luxury rooms, casino, multiple F&B outlets, and a major entertainment venue. Recently acquired by MGM Resorts, making it a near-direct operating peer under unified ownership.
• Wynn Las Vegas: Luxury Strip integrated resort with comparable premium rooms, casino, F&B, and entertainment programming. Targets a similar high-end leisure and convention customer, providing direct competitive overlap on the Strip.
• Caesars Palace: Iconic Strip integrated resort with hotel, casino, dining, and entertainment (including The Colosseum). Direct competitor for gaming, entertainment ticketing, and convention business on the Las Vegas Strip.
• ARIA Resort & Casino: Another MGM-owned integrated luxury resort on the Strip. Comparable in scale, amenities mix (hotel, casino, dining, meetings), and customer base, sharing MGM Rewards distribution and BetMGM integration.
• The Venetian Resort Las Vegas: Strip integrated resort offering hotel suites, casino, extensive F&B, and entertainment venues. Comparable scale and amenity mix, competing for the same Las Vegas visitor and convention segments.
• Bellagio (MGM Resorts): Sister MGM Resorts Strip property directly comparable to Park MGM as an integrated luxury casino resort with hotel, gaming, F&B, and entertainment. Both operate under the MGM Rewards ecosystem on the Las Vegas Strip.
• Mandalay Bay Resort and Casino: MGM-owned Strip resort with hotel rooms, casino, F&B, entertainment venues, and convention space. Comparable scale and integrated amenities, sharing parent-company loyalty and operational infrastructure.
• The Mirage: Former MGM Resorts Strip property with integrated hotel, casino, F&B, and entertainment offering. Historically comparable to Park MGM as a Strip resort; illustrates the competitive density of the Strip landscape.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/park-mgm

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Park MGM