v3.25.4
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets
Goodwill and other intangible assets consisted of the following:
 December 31,
 20252024
 (In thousands)
Goodwill$4,901,960 $5,145,004 
 
Indefinite-lived intangible assets:
Trademarks$598,977 $749,399 
Gaming rights and other99,529 382,065 
Total indefinite-lived intangible assets698,506 1,131,464 
Finite-lived intangible assets:
Customer lists291,657 296,600 
Less: Accumulated amortization(182,549)(150,715)
 109,108 145,885 
Gaming rights348,043 339,248 
Less: Accumulated amortization(124,255)(93,151)
223,788 246,097 
Technology and other470,996 270,986 
Less: Accumulated amortization(145,722)(79,051)
 325,274 191,935 
Total finite-lived intangible assets, net658,170 583,917 
Total other intangible assets, net$1,356,676 $1,715,381 
Schedule of Changes in Company's Goodwill by Reportable Segment A summary of changes in the Company’s goodwill is as follows:
 2025
 Balance at January 1
Acquisitions
Impairment
Reclassifications
Currency exchangeBalance at December 31
 (In thousands)
Las Vegas Strip Resorts$2,707,009 $— $— $— $— $2,707,009 
Regional Operations660,940 — (256,133)(17,915)— 386,892 
MGM China1,356,625 — — — (2,510)1,354,115 
MGM Digital
420,430 — (22,794)— 56,308 453,944 
 $5,145,004 $— $(278,927)$(17,915)$53,798 $4,901,960 

 2024
 Balance at January 1Acquisitions
Impairment
Reclassifications
Currency exchangeBalance at December 31
 (In thousands)
Las Vegas Strip Resorts$2,707,009 $— $— $— $— $2,707,009 
Regional Operations660,940 — — — — 660,940 
MGM China1,349,356 — — — 7,269 1,356,625 
MGM Digital
448,389 215 — — (28,174)420,430 
 $5,165,694 $215 $— $— $(20,905)$5,145,004 
Schedule of Estimated Future Amortization As of December 31, 2025, estimated future amortization was as follows:
Years ending December 31,
(In thousands)
2026$147,716 
2027127,799 
202890,504 
202968,682 
203044,840 
Thereafter178,629 
 $658,170