How Did MGM Empire Become Such a Powerhouse in New York’s Corporate Landscape?
MGM Resorts is best known for its domination of Las Vegas, with 12 hotels on the famous gambling strip in the Nevada desert. Recently, though, the company has expanded and has now emerged as a corporate force in New York. This is part of a brand reinvention, and a push to capitalise on the growing spread of online gambling across the USA.
BetMGM is ranked at number 16 on Fortune Media and Great Place To Work’s 2024 Fortune Best Workplaces in Metro New York, and it has surged into that position over the last few years. It will be interesting to see where it ends up on the 2025 list.
A Rapid Climb Through the Ranks
BetMGM’s rise up the ranks in Fortune’s Best Workplaces in Metro New York has been rapid, with the company debuting at number 56 on the list in 2022. In just one year, it had already shot up to 34, and then it broke the top 20 in 2024 with a 16th place ranking.
Part of this has been down to business performance, with the company now beginning to dominate the blossoming online gambling space in the country. Indeed, the sportsbook is recommended by top aggregator sites thanks to its generous bonuses. The daily odds boost from BetMGM is a particularly strong offer, which helps it to stand out from its rivals in the sports betting industry. It’s just another example of how the company tries to cover all the bases in its business model.
Success in business isn’t the only factor, though. The ranking is also based on research of the employees, who reported various key factors that make working at BetMGM so desirable. For instance, the company has been lauded for its inclusive culture and leadership transparency, along with offering numerous pathways for professional growth.
Preparing for 2025 and Beyond
Part of the reason why so many people love working for BetMGM is because they can see that the company has a bright future ahead. The betting giant is expecting to reach full-year profitability in 2025, according to an Entain report. With this, revenue is expected to be between $2.4 and $2.5 billion.
BetMGM has made its core values public, with a focus on sustainable success in the future. A lot of its employees are attracted to the company’s focus on responsible gaming and tech innovation, which are things that people can get behind and feel good about.
How Does BetMGM Stand Out Among New York’s Corporate Elite?
To get to such a high ranking in the list of the best workplaces in New York is an impressive feat, as the city is home to some of the most prestigious offices in the world. There are finance giants like Goldman Sachs, and tech behemoths like Google.
Many of these companies attract employees on reputation alone, with people desperate to work for some of the world’s leaders. To be able to compete with them, BetMGM has had to focus on key aspects that make people love to come to work, such as inclusivity and a clear pathway to career progression.
BetMGM’s journey has been impressive so far, and it’s only just beginning. The company is set to expand its reach in the years ahead, and is likely to keep climbing the workplace rankings in New York.
