MGM · CIK 789570
What MGM Resorts International told the SEC could break it.
1 self-disclosed vulnerability, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for MGM. More may follow as additional filings are processed.
In its own words
What could break it.
Geographic concentration
- Macau (MGM China) — government-granted gaming concession dependencemedium
MGM's Macau operations (MGM Macau and MGM Cotai) depend on a gaming concession and land concessions granted by the Macau Government, which administers Macau gaming through concessions to six concessionaires — concentrating a material part of MGM's growth (MGM China rose 11% in 2025) in one jurisdiction subject to Macau/Chinese government policy.
“MGM Grand Paradise owns and operates MGM Macau and MGM Cotai, two integrated casino, hotel and entertainment resorts in Macau, as well as the related gaming concession and land concessions.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“ttractive rewards for our games or if we fail to achieve the required performance milestones and MGM decides not to renew our agreements, our business, player engagement, and financial results could be materially and adversely affected.”
Cited →
Its suppliers
“Revenue from our lease agreements with MGM represented 38 %, 38 % and 39 % of our lease revenues for the years ended December 31, 2025, 2024 and 2023, respectively.”
Cited →
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