LAS VEGAS, Feb. 17, 2017 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) has once again been named to Fortune's list of the "World's Most Admired Companies." Full results are available online at fortune.com/worlds-most-admired-companies.
MGM Resorts climbed to #4 this year in the Hotel, Casino and Resort sector of the list, up from #6 last year. Twelve hospitality companies in all contended for the top spots in the sector.
To determine the best-regarded companies in 51 industries, 3,800 executives, directors, and analysts were asked to rate enterprises in their own industry. Rankings were based on nine criteria, among them investment value, quality of management, social responsibility, products and ability to attract talent.
"This prestigious recognition is a testimony to the hard work and excellence of our 77,000 employees, and the strength of our leadership team," said Jim Murren, Chairman & CEO of MGM Resorts International. "Ultimately our people and our leadership in innovation, social responsibility and quality environments combine to deliver a world-class experience to every guest," Murren added.
The "World's Most Admired Companies" list is a leading report card on corporate reputations. Survey collaborator Korn Ferry Hay Group started with approximately 1,500 companies: the Fortune 1,000—the 1,000 largest U.S. companies ranked by revenue—and non-U.S. companies in Fortune's Global 500 database with revenues of $10 billion or more. Korn Ferry Hay Group then winnowed the assortment to the highest-revenue companies in each industry, a total of 680 in 28 countries. The top-rated companies were picked from that pool of 680 by executives who work at the companies in that group. A company's score must rank in the top half of its industry survey to be listed.
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company opened MGM National Harbor in Maryland on December 8, 2016, and is in the process of developing MGM Springfield in Massachusetts. MGM Resorts controls and holds a 76 percent economic interest in the operating partnership of MGM Growth Properties LLC (NYSE: MGP), a premier triple-net lease real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. The Company also owns 56 percent of MGM China Holdings Limited (SEHK: 2282), which owns MGM MACAU and is developing MGM COTAI, and 50 percent of CityCenter in Las Vegas, which features ARIA Resort & Casino. MGM Resorts is named among FORTUNE® Magazine's 2017 list of World's Most Admired Companies®. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
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SOURCE MGM Resorts International