Who Owns Excalibur Hotel and Casino

Welcome to Excalibur, the magical land of entertainment and fun. Located in the heart of the Las Vegas Strip, this hotel and casino is owned by the world-renowned MGM Resorts International.

From its luxurious accommodations to its thrilling casino, Excalibur has something for everyone. Discover the financials of this iconic establishment and all of the amenities that make it so special.

Key Takeaways

  • Excalibur Hotel and Casino was originally owned by Circus Circus Enterprises in 1990.
  • In 2004, MGM Resorts bought Excalibur for $7.4 billion.
  • In 2005, 50% of Excalibur’s stake was sold to Dubai World, but was bought back in 2007, making MGM Resorts the exclusive owners.
  • Excalibur is known for its iconic status in Las Vegas and offers a wide range of gaming options, dining choices, and entertainment venues.

Current Owner: MGM Resorts

You may be wondering who owns the Excalibur Hotel and Casino. The answer is MGM Resorts, however, this wasn’t always the case.

It is interesting to note the historical timeline of ownership for this iconic destination. Let’s take a look at the different owners that have been associated with the Excalibur Hotel and Casino over the years.

Historical Ownership Timeline

Excalibur Hotel and Casino has had a long and varied history of ownership. Several different companies have owned it over the years. Its architectural design has been a mainstay of Las Vegas’ gambling culture since its opening in 1990.

Here’s a quick timeline of its owners over the years:

  1. Opening in 1990, it was owned by Circus Circus Enterprises.
  2. In 2004, MGM Resorts bought it for a whopping $7.4 billion.
  3. In 2005, MGM Resorts sold a 50% stake in the hotel to Dubai World.
  4. In 2007, MGM Resorts bought back the 50% stake and remain the exclusive owners of the hotel and casino.

Today, Excalibur Hotel and Casino remains one of the most iconic sites in Vegas and the sole property of MGM Resorts.

Amenities of Casino

At Excalibur Hotel and Casino, owned by MGM Resorts, you can find plenty of gaming choices, dining options, and entertainment venues to suit all your needs.

Whether you’re looking for a classic game of blackjack, a delicious meal, or a show to watch, you’ll be able to find it all here.

With something available for everyone, Excalibur is the perfect place to try your luck and have a great time.

Gaming Choices

With over 2,000 slot machines and 80 table games, you’ll find plenty of gaming choices at Excalibur Hotel and Casino. From Blackjack and Roulette, to Pai Gow, Craps, and more, you can easily learn the rules and find your new favorite game.

Here are some of the gaming choices that Excalibur offers:

  1. Slot Machines: With over 2,000 machines, including classic and video slots, you can easily find your favorite game. All of the machines have simple game rules that you can learn in no time.

  2. Table Games: You can choose from over 80 table games, including Blackjack, Roulette, Pai Gow, Craps, and more.

  3. Sportsbooks: Excalibur also offers a sportsbook with plenty of betting options on all your favorite sports.

Whether you’re a beginner or a seasoned player, Excalibur Hotel and Casino has something for everyone. With so many gaming choices, you’ll have the time of your life!

Dining Options

In addition to its gaming choices, Excalibur offers an array of dining options for every taste. From luxury buffets to fine dining, Excalibur’s restaurants cater to all palates. MGM Resorts International, which owns Excalibur, has partnered with some of the most renowned chefs in the world to provide their guests with a truly remarkable culinary experience.

Whether you want to indulge in a seven-course meal or enjoy a casual bite from one of the quick-service restaurants, Excalibur has something for everyone. For those looking for a truly luxurious experience, Excalibur hosts several five-star restaurants with exquisite menus and impeccable service.

For those looking for something more casual, there are several options for you to choose from as well. From gourmet burgers to classic American fare, you won’t be disappointed. Whatever your preference, Excalibur has something for everyone.

Entertainment Venues

At Excalibur Hotel and Casino, you can enjoy a wide variety of entertainment venues in addition to the delicious dining options. Owned by MGM Resorts International, the casino offers an array of gaming choices, from classic slots to high-stakes tables. To ensure your safety, staffing levels and safety protocols are kept at the highest levels.

The live entertainment options are endless. You can catch an exciting show at the Excalibur Arena, or listen to your favorite band at the Tropicana Lounge. Plus, you can dance the night away at the Bang Bang Bar or visit The Octane Lounge for live DJs.

Venue Description Entertainment
Excalibur Arena Catch an exciting show Live performances
Tropicana Lounge Listen to your favorite band Live music
Bang Bang Bar Dance the night away Live DJs
Octane Lounge Visit for live DJs Live DJs

Current Financials of Casino

Excalibur Hotel and Casino, currently owned by MGM Resorts International, reported a net revenue of $8.5 billion in 2019. The casino is managed by a team of experts responsible for its fiscal performance, budgeting strategies, and overall financial success.

The majority of the casino’s revenue comes from gaming activities such as slots and table games, as well as from hotel and restaurant operations. Additionally, the casino generates revenue from its entertainment venues, including nightclubs, shows, and live music.

The management team closely monitors the casino’s operations to ensure profitability. In 2019, the casino saw a 7.3% increase in net revenue due to increased occupancy and room rates. Cost-saving measures were implemented, resulting in a 2.4% increase in operating income.

MGM Resorts International has made significant investments in the casino’s amenities and services. This includes the development of new entertainment venues and shows, as well as the introduction of new slot machines and table games. These investments aim to enhance the guest experience and attract more customers.

Overall, Excalibur Hotel and Casino’s strong financial performance can be attributed to careful budgeting strategies and investments in amenities and services. The success of the casino is a testament to the hard work and dedication of its management team.