v3.25.4
SEGMENT INFORMATION - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Net revenue $ 17,537,683 $ 17,240,545 $ 16,164,249
Expenses      
Total expenses 16,605,885 15,659,436 14,210,648
Other operating income (expense)      
Preopening and start-up expenses (1,086) (7,972) (415)
Property transactions, net (126,036) (81,316) 370,513
Goodwill impairment (278,927) 0 0
Depreciation and amortization (1,017,794) (831,097) (814,128)
Triple net lease rent expense (2,258,405) (2,258,057) (2,263,649)
Income (loss) from unconsolidated affiliates 69,982 (90,653) (62,104)
Operating income 1,001,780 1,490,456 1,891,497
Non-operating income (expense)      
Interest expense, net of amounts capitalized (419,042) (443,230) (460,293)
Non-operating items from unconsolidated affiliates 1,135 (734) (1,032)
Other, net (303,094) 70,573 42,591
Total non-operating income (expense) (721,001) (373,391) (418,734)
Income before income taxes 280,779 1,117,065 1,472,763
Benefit (provision) for income taxes 240,093 (52,457) (157,839)
Net income 520,872 1,064,608 1,314,924
Less: Net income attributable to noncontrolling interests (315,010) (318,050) (172,744)
Net income attributable to MGM Resorts International 205,862 746,558 1,142,180
Capital expenditures 1,068,927 1,150,589 931,813
MGM Digital      
Expenses      
Total expenses 744,497 629,239 464,570
Reportable segments      
Revenues      
Net revenue 17,329,769 17,110,831 16,055,210
Segment Adjusted EBITDAR      
Adjusted earnings before interest taxes depreciation amortization and rent expense 5,133,987 5,259,998 5,158,147
Non-operating income (expense)      
Capital expenditures 945,826 982,304 742,458
Reportable segments | Las Vegas Strip Resorts      
Revenues      
Net revenue 8,441,503 8,816,113 8,799,146
Expenses      
Payroll related 2,623,256 2,635,565 2,517,233
Cost of sales 515,998 536,807 551,877
Gaming taxes 230,045 232,841 241,943
Other segment items 2,214,331 2,304,357 2,297,607
Total expenses 5,583,630 5,709,570 5,608,660
Segment Adjusted EBITDAR      
Adjusted earnings before interest taxes depreciation amortization and rent expense 2,857,873 3,106,543 3,190,486
Other operating income (expense)      
Goodwill impairment 0 0  
Non-operating income (expense)      
Capital expenditures 513,605 597,152 527,104
Reportable segments | Regional Operations      
Revenues      
Net revenue 3,772,333 3,720,322 3,670,309
Expenses      
Payroll related 935,699 922,924 879,221
Cost of sales 161,998 166,872 159,670
Gaming taxes 763,166 757,824 735,179
Other segment items 748,243 729,146 763,043
Total expenses 2,609,106 2,576,766 2,537,113
Segment Adjusted EBITDAR      
Adjusted earnings before interest taxes depreciation amortization and rent expense 1,163,227 1,143,556 1,133,196
Other operating income (expense)      
Goodwill impairment (256,133) 0  
Non-operating income (expense)      
Capital expenditures 154,186 170,490 135,848
Reportable segments | MGM China      
Revenues      
Net revenue 4,461,743 4,022,384 3,153,609
Expenses      
Payroll related 633,050 565,858 473,616
Cost of sales 116,260 96,516 62,453
Gaming taxes 1,969,031 1,778,032 1,380,976
Other segment items 540,208 494,852 369,675
Total expenses 3,258,549 2,935,258 2,286,720
Segment Adjusted EBITDAR      
Adjusted earnings before interest taxes depreciation amortization and rent expense 1,203,194 1,087,126 866,889
Other operating income (expense)      
Goodwill impairment 0 0  
Non-operating income (expense)      
Capital expenditures 195,211 148,813 45,331
Reportable segments | MGM Digital      
Expenses      
Payroll related 128,715 87,579 71,929
Marketing costs 267,621 253,227 164,645
Gaming taxes 157,721 125,934 84,064
Other segment items 190,440 162,499 143,932
Segment Adjusted EBITDAR      
Adjusted earnings before interest taxes depreciation amortization and rent expense (90,307) (77,227) (32,424)
Other operating income (expense)      
Goodwill impairment (22,794) 0  
Non-operating income (expense)      
Capital expenditures 82,824 65,849 34,175
Corporate and other      
Revenues      
Net revenue 207,914 129,714 109,039
Other operating income (expense)      
Corporate and other, net (519,941) (500,447) (496,867)
Non-operating income (expense)      
Capital expenditures 123,101 168,285 189,355
Casino      
Revenues      
Net revenue 9,450,887 8,785,649 8,087,917
Expenses      
Cost of sales 5,340,097 4,958,020 4,316,547
Casino | Reportable segments | Las Vegas Strip Resorts      
Revenues      
Net revenue 2,013,701 1,960,146 2,127,612
Casino | Reportable segments | Regional Operations      
Revenues      
Net revenue 2,772,734 2,737,778 2,712,205
Casino | Reportable segments | MGM China      
Revenues      
Net revenue 3,909,643 3,496,697 2,787,837
Casino | Reportable segments | MGM Digital      
Revenues      
Net revenue 654,190 552,012 432,146
Rooms      
Revenues      
Net revenue 3,377,400 3,681,617 3,500,926
Expenses      
Cost of sales 1,101,061 1,119,108 1,017,650
Rooms | Reportable segments | Las Vegas Strip Resorts      
Revenues      
Net revenue 2,880,685 3,159,497 3,027,668
Rooms | Reportable segments | Regional Operations      
Revenues      
Net revenue 307,959 304,322 296,100
Rooms | Reportable segments | MGM China      
Revenues      
Net revenue 188,757 217,798 177,158
Food and beverage      
Revenues      
Net revenue 3,045,965 3,078,731 2,891,483
Expenses      
Cost of sales 2,262,434 2,253,031 2,153,795
Food and beverage | Reportable segments | Las Vegas Strip Resorts      
Revenues      
Net revenue 2,260,651 2,356,718 2,289,812
Food and beverage | Reportable segments | Regional Operations      
Revenues      
Net revenue 461,549 456,129 440,002
Food and beverage | Reportable segments | MGM China      
Revenues      
Net revenue 323,764 265,883 161,669
Entertainment, retail and other      
Revenues      
Net revenue 1,663,431 1,694,548 1,683,923
Expenses      
Cost of sales 1,043,960 1,063,382 1,065,570
Entertainment, retail and other | Reportable segments | Las Vegas Strip Resorts      
Revenues      
Net revenue 1,286,466 1,339,752 1,354,054
Entertainment, retail and other | Reportable segments | Regional Operations      
Revenues      
Net revenue 230,091 222,093 222,002
Entertainment, retail and other | Reportable segments | MGM China      
Revenues      
Net revenue $ 39,579 $ 42,006 $ 26,945