US casino operators Wynn Resorts and MGM Resorts have each been recognized as one of the “World’s Most Admired Companies” by FORTUNE Magazine’s annual survey.
Wynn Resorts was ranked in as fourth overall in its category, which included internationally distinguished hospitality companies in the hotel, casino and resorts space.
The company also ranked first overall in the category of Quality of Products/Services and received high marks for Innovation, People Management, and Global Competitiveness.
MGM Resorts came just behind Wynn Resorts, ranking at fifth overall in its category.
“MGM Resorts is constantly evolving and working to continue delivering the best guest experience in the industry, and it’s an honor to once again be recognized for that hard work,” said Jim Murren, chairman and CEO of MGM Resorts International. “The recognition that we are a FORTUNE ‘Most Admired Company’ encourages us to continue to innovate not only in guest service, but in our corporate social responsibility efforts and commitment to advancing the quality of the communities in which we operate.”
The survey evaluated companies in 52 different industries. FORTUNE and Korn Ferry, a global management consulting firm, began with the 1,500 largest U.S. companies ranked by revenue along with non-U.S. Fortune Global 500 companies with revenues of $10 billion or more. They then narrowed the field to the highest-revenue companies in each industry, a total of 680 in 30 countries.
Some 3,800 executives, directors, and analysts were asked to rate enterprises in their own industry. Rankings were based on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent.