MGM Resorts International (NYSE: MGM) runs hotels and casinos throughout the world, most notably in Las Vegas and burgeoning Macau. The company generates slightly less than half of its operating income from casino activities with lodging, dining, entertainment and retail services comprising most of the rest. MGM also hosts major conventions and operates gambling facilities for third parties.

MGM is well-established in Las Vegas, where it owns half of all the gambling mecca's rooms and approximately 39% of its gaming facilities.^[1] But the company's prospects for growth may be most closely tied to Macau, the fastest growing gaming market in the world. MGM, through MGM Grand Paradise Limited, owns 50% of MGM Grand Macau, a large, multi-purpose casino and resort.^[2] The other 50% stake is held by Pansy Ho, the daughter of Stanley Ho, who owns an additional 8 hotels in Macau and has been nicknamed "The King of Gambling."

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