Who Owns Bellagio Resort & Casino?
Updated onExplore the ownership hierarchy of Bellagio Resort & Casino. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Bellagio Resort & Casino
Bellagio Resort & Casino is a luxury resort, hotel, and casino on the Las Vegas Strip in Paradise, Nevada, known for its iconic dancing fountains, botanical gardens, fine art gallery, and upscale dining and entertainment.
MGM Resorts International
MGM Resorts International is a global gaming, hospitality, and entertainment company that owns and operates destination resorts, hotels, and casinos in the United States and internationally.
Bellagio Resort & Casino
Bellagio Resort & Casino is a luxury resort, hotel, and casino on the Las Vegas Strip in Paradise, Nevada, known for its iconic dancing fountains, botanical gardens, fine art gallery, and upscale dining and entertainment.
MGM Resorts International
MGM Resorts International is a global gaming, hospitality, and entertainment company that owns and operates destination resorts, hotels, and casinos in the United States and internationally.
Major Shareholders
Bellagio Resort & Casino
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Blackstone Real Estate Income Trust, Inc. (BREIT) Majority owner of the Bellagio Las Vegas real estate through a joint venture structure following MGM Resorts’ 2019 sale-leaseback and Realty Income’s 2023 investment. | Corporate | 73.1% | 73.1% | Oct 2023 |
Realty Income Corporation Holds a 21.9% indirect common equity interest in the Bellagio Las Vegas real estate via a joint venture with BREIT. | Corporate | 21.9% | 21.9% | Oct 2023 |
MGM Resorts International Retains a 5% equity interest in the Bellagio property and operates the resort and casino under a long-term triple-net lease. | Corporate | 5.0% | 5.0% | Oct 2023 |
MGM Resorts International
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
IAC Inc. Largest shareholder; beneficially owns about 65.8 million MGM common shares (~24.07% of outstanding) per Schedule 13D/A filed December 9, 2025 and reflected in institutional holder data using ~273.5 million shares outstanding. | Corporate | 24.1% | 24.1% | Dec 2025 |
Davis Selected Advisers, L.P. U.S. investment manager; reported holding approximately 23.95 million MGM shares (~8.76%) in institutional ownership filings as of September 30, 2025. | Institutional | 8.8% | 8.8% | Sep 2025 |
The Vanguard Group, Inc. Large index and mutual fund manager; reported holding approximately 23.58 million MGM shares (~8.62%) across its funds as of September 30, 2025. | Institutional | 8.6% | 8.6% | Sep 2025 |
BlackRock, Inc. Global asset manager; reported holding about 14.60 million MGM shares (~5.34%) via its investment management entities as of September 30, 2025. | Institutional | 5.3% | 5.3% | Sep 2025 |
AQR Capital Management, LLC Quantitative investment manager; disclosed ownership of roughly 8.31 million MGM shares (~3.04%) in Q3 2025 institutional filings. | Institutional | 3.0% | 3.0% | Sep 2025 |
Arrowstreet Capital, Limited Partnership Global equity manager; reported holding about 7.64 million MGM shares (~2.79%) as of September 30, 2025. | Institutional | 2.8% | 2.8% | Sep 2025 |
State Street Global Advisors, Inc. Asset management arm of State Street; reported holding around 7.49 million MGM shares (~2.74%) in index and other funds as of September 30, 2025. | Institutional | 2.7% | 2.7% | Sep 2025 |
Corvex Management LP Hedge fund led by Keith Meister; reported ownership of approximately 5.39 million MGM shares (~1.97%) as of September 30, 2025. | Institutional | 2.0% | 2.0% | Sep 2025 |
Invesco Capital Management LLC Part of Invesco’s ETF/index platform; reported holding about 5.34 million MGM shares (~1.95%) as of September 30, 2025. | Institutional | 1.9% | 1.9% | Sep 2025 |
Geode Capital Management, LLC Sub‑advisor to certain Fidelity index funds; reported ownership of roughly 5.17 million MGM shares (~1.89%) in Q3 2025 filings. | Institutional | 1.9% | 1.9% | Sep 2025 |
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