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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION The Company’s management views each of its casino resorts as an operating segment. Operating segments are aggregated based on their similar economic characteristics, types of customers, types of services and products provided, the regulatory environments in which they operate and their management and reporting structure. The Company has aggregated its operating segments into the following reportable segments: Las Vegas Strip Resorts, Regional Operations and MGM China.
Las Vegas Strip Resorts. Las Vegas Strip Resorts consists of the following casino resorts in Las Vegas, Nevada: Aria (including Vdara) (upon its acquisition in September 2021), Bellagio, The Cosmopolitan (upon its acquisition in May 2022), MGM Grand Las Vegas (including The Signature), Mandalay Bay (including Delano and Four Seasons), The Mirage (until its disposition in December 2022), Luxor, New York-New York (including The Park), Excalibur, and Park MGM (including NoMad Las Vegas).

Regional Operations. Regional Operations consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi; Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York; and MGM Northfield Park in Northfield Park, Ohio.

MGM China. MGM China consists of MGM Macau and MGM Cotai.

The Company’s operations related to LeoVegas (upon its acquisition in September 2022), investments in unconsolidated affiliates, and certain other corporate operations and management services have not been identified as separate reportable segments; therefore, these operations are included in “Corporate and other” in the following segment disclosures to reconcile to consolidated results.
Adjusted Property EBITDAR is the Company’s reportable segment GAAP measure, which management utilizes as the primary profit measure for its reportable segments and underlying operating segments. Adjusted Property EBITDAR is a measure defined as earnings before interest and other non-operating income (expense), taxes, depreciation and amortization, preopening and start-up expenses, property transactions, net, gain on REIT transactions, net, restructuring costs (which represents costs related to severance, accelerated stock compensation expense, and consulting fees directly related to the operating model component of the MGM 2020 Plan), rent expense related to triple-net operating leases and ground leases, income from unconsolidated affiliates related to investments in real estate ventures, and also excludes gain on consolidation of CityCenter, net, gain related to CityCenter’s sale of Harmon land recorded within income from unconsolidated affiliates, corporate expense (which includes CEO transition expense and October 1 litigation settlement) and stock compensation expense, which are not allocated to each operating segment, and rent expense related to the master lease with MGP that eliminated in consolidation.
The following tables present the Company’s segment information:
 
Year Ended December 31,
 202220212020
 (In thousands)
Net revenue   
Las Vegas Strip Resorts   
Casino$2,104,096 $1,549,419 $728,254 
Rooms2,729,715 1,402,712 662,813 
Food and beverage2,125,738 1,015,366 471,529 
Entertainment, retail and other1,438,823 769,688 383,189 
 8,398,372 4,737,185 2,245,785 
Regional Operations
Casino2,901,072 2,721,515 1,569,193 
Rooms284,213 220,828 130,945 
Food and beverage429,188 307,750 184,153 
Entertainment, retail and other, and reimbursed costs201,412 142,270 82,880 
 3,815,885 3,392,363 1,967,171 
MGM China
Casino567,573 1,057,962 565,671 
Rooms43,216 66,498 36,624 
Food and beverage49,312 68,489 40,284 
Entertainment, retail and other13,492 17,812 14,124 
 673,593 1,210,761 656,703 
Reportable segment net revenues12,887,850 9,340,309 4,869,659 
Corporate and other239,635 339,831 292,423 
 $13,127,485 $9,680,140 $5,162,082 
Year Ended December 31,
202220212020
(In thousands)
Adjusted Property EBITDAR
Las Vegas Strip Resorts$3,142,308 $1,738,211 $232,188 
Regional Operations1,294,630 1,217,814 343,990 
MGM China(203,136)25,367 (193,832)
Reportable segment Adjusted Property EBITDAR4,233,802 2,981,392 382,346 
 
Other operating income (expense)
Corporate and other, net(736,548)(560,309)(530,843)
Preopening and start-up expenses(1,876)(5,094)(84)
Property transactions, net1,036,997 67,736 (93,567)
Depreciation and amortization(3,482,050)(1,150,610)(1,210,556)
Gain on REIT transactions, net2,277,747 — 1,491,945 
Gain on consolidation of CityCenter, net— 1,562,329 — 
CEO transition expense— — (44,401)
October 1 litigation settlement— — (49,000)
Restructuring— — (26,025)
Triple-net operating lease and ground lease rent expense(1,950,566)(833,158)(710,683)
Gain related to sale of Harmon land - unconsolidated affiliate— 49,755 — 
Income from unconsolidated affiliates related to real estate ventures61,866 166,658 148,434 
Operating income (loss)1,439,372 2,278,699 (642,434)
Non-operating income (expense)
Interest expense, net of amounts capitalized(594,954)(799,593)(676,380)
Non-operating items from unconsolidated affiliates(23,457)(83,243)(103,304)
Other, net82,838 65,941 (89,361)
 (535,573)(816,895)(869,045)
Income (loss) before income taxes903,799 1,461,804 (1,511,479)
Benefit (provision) for income taxes(697,068)(253,415)191,572 
Net income (loss)206,731 1,208,389 (1,319,907)
Less: Net loss attributable to noncontrolling interests1,266,362 45,981 287,183 
Net income (loss) attributable to MGM Resorts International$1,473,093 $1,254,370 $(1,032,724)


 
Year Ended December 31,
 202220212020
Capital expenditures:(In thousands)
Las Vegas Strip Resorts$411,222 $266,944 $87,511 
Regional Operations190,811 77,406 41,456 
MGM China30,540 67,989 108,352 
Reportable segment capital expenditures632,573 412,339 237,319 
Corporate and other132,494 78,358 33,260 
 $765,067 $490,697 $270,579 

Total assets are not allocated to segments for internal reporting presentations or when determining the allocation of resources and, accordingly, are not presented.
Long-lived assets, which includes property and equipment, net, operating and finance lease right-of-use assets, net, goodwill, and other intangible assets, net, presented by geographic region are as follows:

 December 31,
 202220212020
Long-lived assets:(In thousands)
United States$31,330,909 $25,848,917 $21,035,992 
China and all other foreign countries5,004,512 7,176,763 7,617,819 
 $36,335,421 $33,025,680 $28,653,811