v3.25.2
SEGMENT INFORMATION (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenue $ 4,404,870 $ 4,327,375 $ 8,681,952 $ 8,710,845
Expenses        
Total expenses 4,026,165 3,867,535 7,905,294 7,767,503
Other operating income (expense)        
Preopening and start-up expenses (849) (855) (934) (1,950)
Property transactions, net (125) (16,477) (15,593) (33,631)
Depreciation and amortization (241,975) (191,976) (478,419) (388,538)
Triple net lease rent expense (564,416) (564,186) (1,128,891) (1,128,525)
Income (loss) from unconsolidated affiliates 25,860 (34,184) 12,964 (59,308)
Operating income 404,565 425,656 789,622 884,034
Non-operating income (expense)        
Interest expense, net of amounts capitalized (105,584) (112,739) (212,853) (222,776)
Non-operating items from unconsolidated affiliates (4,055) 1,762 (3,793) 1,626
Other, net (161,170) (43,431) (172,436) (48,237)
Non-operating income (expense) (270,809) (154,408) (389,082) (269,387)
Income before income taxes 133,756 271,248 400,540 614,647
Benefit (provision) for income taxes (15,662) 11,554 (55,715) (32,119)
Net income 118,094 282,802 344,825 582,528
Less: Net income attributable to noncontrolling interests (69,143) (95,730) (147,320) (177,980)
Net income attributable to MGM Resorts International 48,951 187,072 197,505 404,548
Capital expenditures 268,442 238,242 496,483 410,322
MGM Digital        
Expenses        
Total expenses 189,559 157,283 352,010 303,681
Reportable Segments        
Revenues        
Total revenue 4,353,258 4,294,138 8,585,327 8,642,271
Segment Adjusted EBITDAR        
Segment Adjusted EBITDAR 1,294,796 1,350,594 2,636,170 2,734,880
Non-operating income (expense)        
Capital expenditures 234,384 204,854 440,412 354,824
Reportable Segments | Las Vegas Strip Resorts        
Revenues        
Total revenue 2,114,692 2,205,462 4,290,812 4,460,491
Expenses        
Payroll related 666,550 658,503 1,328,296 1,302,086
Cost of sales 129,926 134,154 257,683 269,342
Gaming taxes 53,824 56,447 113,034 114,391
Other segment items 553,896 574,069 1,070,143 1,164,595
Total expenses 1,404,196 1,423,173 2,769,156 2,850,414
Segment Adjusted EBITDAR        
Segment Adjusted EBITDAR 710,496 782,289 1,521,656 1,610,077
Non-operating income (expense)        
Capital expenditures 120,131 139,795 225,369 242,780
Reportable Segments | Regional Operations        
Revenues        
Total revenue 964,612 927,138 1,865,031 1,836,617
Expenses        
Payroll related 232,239 228,127 461,186 455,365
Cost of sales 40,847 40,707 78,061 80,051
Gaming taxes 195,672 189,300 380,386 375,296
Other segment items 187,198 180,626 357,700 363,425
Total expenses 655,956 638,760 1,277,333 1,274,137
Segment Adjusted EBITDAR        
Segment Adjusted EBITDAR 308,656 288,378 587,698 562,480
Non-operating income (expense)        
Capital expenditures 41,253 26,929 63,870 46,761
Reportable Segments | MGM China        
Revenues        
Total revenue 1,110,093 1,018,191 2,137,565 2,074,208
Expenses        
Payroll related 154,776 140,744 299,984 273,910
Cost of sales 27,350 23,624 54,850 45,974
Gaming taxes 500,143 447,914 948,919 926,233
Other segment items 126,482 112,046 246,905 233,042
Total expenses 808,751 724,328 1,550,658 1,479,159
Segment Adjusted EBITDAR        
Segment Adjusted EBITDAR 301,342 293,863 586,907 595,049
Non-operating income (expense)        
Capital expenditures 51,583 25,145 111,319 40,529
Reportable Segments | MGM Digital        
Expenses        
Payroll related 32,854 19,122 62,391 39,491
Gaming taxes 39,564 30,735 70,189 59,549
Other segment items 50,139 42,128 94,635 80,309
Marketing costs 67,002 65,298 124,795 124,332
Segment Adjusted EBITDAR        
Segment Adjusted EBITDAR (25,698) (13,936) (60,091) (32,726)
Non-operating income (expense)        
Capital expenditures 21,417 12,985 39,854 24,754
Corporate and other        
Revenues        
Total revenue 51,612 33,237 96,625 68,574
Other operating income (expense)        
Corporate and other, net (108,726) (117,260) (235,675) (238,894)
Non-operating income (expense)        
Capital expenditures 34,058 33,388 56,071 55,498
Casino        
Revenues        
Total revenue 2,329,798 2,212,759 4,581,946 4,453,854
Expenses        
Cost of sales 1,333,850 1,221,755 2,578,160 2,493,599
Casino | Reportable Segments | Las Vegas Strip Resorts        
Revenues        
Total revenue 456,581 484,739 994,840 982,287
Casino | Reportable Segments | Regional Operations        
Revenues        
Total revenue 710,115 684,037 1,382,090 1,369,005
Casino | Reportable Segments | MGM China        
Revenues        
Total revenue 977,397 891,241 1,873,249 1,811,289
Casino | Reportable Segments | MGM Digital        
Revenues        
Total revenue 163,861 143,347 291,919 270,955
Rooms        
Revenues        
Total revenue 860,401 898,998 1,723,809 1,855,399
Expenses        
Cost of sales 272,066 277,849 552,915 552,257
Rooms | Reportable Segments | Las Vegas Strip Resorts        
Revenues        
Total revenue 734,850 767,294 1,484,899 1,594,547
Rooms | Reportable Segments | Regional Operations        
Revenues        
Total revenue 79,813 78,532 146,538 144,465
Rooms | Reportable Segments | MGM China        
Revenues        
Total revenue 45,738 53,171 92,372 116,386
Food and beverage        
Revenues        
Total revenue 778,179 802,138 1,548,352 1,571,541
Expenses        
Cost of sales 576,633 571,430 1,136,928 1,129,510
Food and beverage | Reportable Segments | Las Vegas Strip Resorts        
Revenues        
Total revenue 584,948 624,241 1,170,987 1,223,522
Food and beverage | Reportable Segments | Regional Operations        
Revenues        
Total revenue 115,575 111,906 224,656 219,659
Food and beverage | Reportable Segments | MGM China        
Revenues        
Total revenue 77,656 65,991 152,709 128,360
Entertainment, retail and other        
Revenues        
Total revenue 436,492 413,480 827,845 830,051
Expenses        
Cost of sales 262,880 252,147 497,309 508,624
Entertainment, retail and other | Reportable Segments | Las Vegas Strip Resorts        
Revenues        
Total revenue 338,313 329,188 640,086 660,135
Entertainment, retail and other | Reportable Segments | Regional Operations        
Revenues        
Total revenue 59,109 52,663 111,747 103,488
Entertainment, retail and other | Reportable Segments | MGM China        
Revenues        
Total revenue $ 9,302 $ 7,788 $ 19,235 $ 18,173