MGM Resorts
Public Statements Risk
MGM CEO, Bill Hornbuckle is somewhat active on social media. In general, however, his content appears to be apolitical. He also makes occasional public statements on his Instagram. The company and CEO avoid making political statements. The company's site mentions both DEI and ESG.
Political Contributions Risk
MGM Resorts contributes largely to Democrats, with the company PAC accounting for two-thirds of all donations. MGM's contribution level is very high but ranks at the lower end of the upper threshold of organizations in the Consumer Discretionary sector. Partisanship is stronger than most companies in the sector. Contributions to controversial political figure Joe Biden increase risk, as well as overall contribution size and partisanship.
Political Dichotomy Risk
MGM Resorts donates with a heavy skew in favor of Democrats; however, its consumer base has a more varied makeup as the company is seen as a lifestyle brand. With their diverse political customer base, MGM Resorts refrains from making public political statements and any potential marketing or social-media content that could produce negative backlash from their consumers on the right or left side. MGM's industry provides a degree of insulation against boycotts generally, but their clear partisan lean creates a minor degree of risk.
Associational Risk
The company has donated significantly to President Biden, which raises its risk level. Aside from backing Biden, there is little evidence of any association with controversial politicians. The company's social media pages only show relationships with uncontroversial celebrities such as TV stars.
Brand Visibility Risk
MGM Resorts has a similar situation to other high-end Resorts, like Las Vegas Sands. It sells resort stays on its brand and the luxury lifestyle. It is not as insulated from controversy as some other luxury resorts, as it has nearly all its resorts in the US, creating a geographic concentration risk level.
