Excalibur Casino, a prominent hotel and casino located on the Las Vegas Strip in Paradise, Nevada, is owned and operated by MGM Resorts International, one of the largest gaming and hospitality companies in the world. Opened in 1990, Excalibur was designed to evoke the themes of medieval times, featuring a castle-like exterior and a variety of themed attractions that appeal to families and tourists alike.
MGM Resorts International, the parent company, was founded in 1986 and has grown significantly over the years through various acquisitions and developments. The company operates several well-known properties on the Las Vegas Strip, including the Bellagio, MGM Grand, and Luxor, in addition to Excalibur. The ownership of Excalibur Casino is part of MGM’s strategy to maintain a diverse portfolio of gaming and entertainment venues, catering to a wide range of audiences from budget-conscious travelers to high rollers.
In 2005, MGM Mirage (now MGM Resorts International) completed a merger with Mandalay Resort Group, which included the acquisition of Excalibur. This merger allowed MGM to expand its presence on the Strip and enhance its offerings to guests. As a result, Excalibur has benefited from the resources and expertise of its parent company, allowing for renovations and improvements that keep the property competitive in the ever-evolving Las Vegas market.
Excalibur Casino features a wide array of gaming options, including Fighter Pit Slot machines, table games, and a poker room, making it a popular choice for both casual players and serious gamblers. The casino is also known for its family-friendly atmosphere, with attractions such as a medieval-themed dinner show, arcade games, and a large pool area. This combination of gaming and entertainment makes Excalibur a unique destination on the Strip.
MGM Resorts International is publicly traded on the New York Stock Exchange under the ticker symbol MGM. As a publicly held company, ownership of MGM Resorts is distributed among numerous shareholders, including institutional investors, mutual funds, and individual investors. This means that while MGM Resorts International owns Excalibur, the actual ownership is shared among many stakeholders rather than a single entity.
In recent years, MGM Resorts has focused on enhancing its properties and improving guest experiences through innovative technology and sustainability initiatives. The company has invested significantly in renovations across its portfolio, including Excalibur, to modernize facilities and attract a broader audience. This commitment to improvement reflects MGM’s broader strategy of maintaining a competitive edge in the Las Vegas market.
In conclusion, Excalibur Casino is owned by MGM Resorts International, a major player in the gaming and hospitality industry. Through strategic acquisitions and ongoing investments in property enhancements, MGM has successfully positioned Excalibur as a key destination on the Las Vegas Strip, appealing to a diverse range of visitors while maintaining its unique medieval theme.