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SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company’s management views each of its casino properties 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), Bellagio, The Cosmopolitan, MGM Grand Las Vegas (including The Signature), Mandalay Bay (including Delano and Four Seasons), 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 properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi (until its disposition in February 2023); 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, 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, 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 corporate expense and stock compensation expense, which are not allocated to each operating segment. The following tables present the Company’s segment information:
| Three Months Ended March 31,
| 2024 |  | 2023
| (In thousands)
Net revenue |  |  |
Las Vegas Strip Resorts |  |  |
Casino | $ | 497,548 |  |  | $ | 500,563 |
Rooms | 827,253 |  |  | 751,691 |
Food and beverage | 599,281 |  |  | 582,627 |
Entertainment, retail and other | 330,947 |  |  | 341,271 |
| 2,255,029 |  |  | 2,176,152 |
Regional Operations |  |  |
Casino | 684,968 |  |  | 716,977 |
Rooms | 65,933 |  |  | 67,304 |
Food and beverage | 107,753 |  |  | 111,879 |
Entertainment, retail and other, and reimbursed costs | 50,825 |  |  | 49,683 |
| 909,479 |  |  | 945,843 |
MGM China |  |  |
Casino | 920,048 |  |  | 555,272 |
Rooms | 63,215 |  |  | 29,493 |
Food and beverage | 62,369 |  |  | 27,625 |
Entertainment, retail and other | 10,385 |  |  | 5,202 |
| 1,056,017 |  |  | 617,592 |
Reportable segment net revenues | 4,220,525 |  |  | 3,739,587 |
Corporate and other | 162,945 |  |  | 133,709 |
| $ | 4,383,470 |  |  | $ | 3,873,296 |
| Three Months Ended March 31,
| 2024 |  | 2023
| (In thousands)
Adjusted Property EBITDAR |  |  |
Las Vegas Strip Resorts | $ | 827,788 |  |  | $ | 835,809 |
Regional Operations | 274,102 |  |  | 313,175 |
MGM China | 301,186 |  |  | 168,948 |
Reportable segment Adjusted Property EBITDAR | 1,403,076 |  |  | 1,317,932 |
Other operating income (expense) |  |  |
Corporate and other, net | (168,249) |  |  | (211,669) |
Preopening and start-up expenses | (1,095) |  |  | (139) |
Property transactions, net | (17,154) |  |  | 396,076 |
Depreciation and amortization | (196,562) |  |  | (203,501) |
Triple-net operating lease and ground lease rent expense | (564,339) |  |  | (570,555) |
Income from unconsolidated affiliates related to real estate ventures | 2,701 |  |  | 2,695 |
Operating income | 458,378 |  |  | 730,839 |
Non-operating income (expense) |  |  |
Interest expense, net of amounts capitalized | (110,037) |  |  | (130,300) |
Non-operating items from unconsolidated affiliates | (136) |  |  | (1,184) |
Other, net | (4,806) |  |  | 46,307 |
| (114,979) |  |  | (85,177) |
Income before income taxes | 343,399 |  |  | 645,662 |
Provision for income taxes | (43,673) |  |  | (165,779) |
Net income | 299,726 |  |  | 479,883 |
Less: Net income attributable to noncontrolling interests | (82,250) |  |  | (13,076) |
Net income attributable to MGM Resorts International | $ | 217,476 |  |  | $ | 466,807 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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