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SEGMENT INFORMATION
 3 Months Ended
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 
Rooms827,253 751,691 
Food and beverage599,281 582,627 
Entertainment, retail and other330,947 341,271 
2,255,029 2,176,152 
Regional Operations
Casino684,968 716,977 
Rooms65,933 67,304 
Food and beverage107,753 111,879 
Entertainment, retail and other, and reimbursed costs50,825 49,683 
909,479 945,843 
MGM China
Casino920,048 555,272 
Rooms63,215 29,493 
Food and beverage62,369 27,625 
Entertainment, retail and other10,385 5,202 
1,056,017 617,592 
Reportable segment net revenues4,220,525 3,739,587 
Corporate and other162,945 133,709 
 $4,383,470 $3,873,296 

Three Months Ended
March 31,
20242023
(In thousands)
Adjusted Property EBITDAR
Las Vegas Strip Resorts$827,788 $835,809 
Regional Operations 274,102 313,175 
MGM China301,186 168,948 
Reportable segment Adjusted Property EBITDAR1,403,076 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 ventures2,701 2,695 
Operating income458,378 730,839 
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 taxes343,399 645,662 
Provision for income taxes(43,673)(165,779)
Net income299,726 479,883 
Less: Net income attributable to noncontrolling interests(82,250)(13,076)
Net income attributable to MGM Resorts International$217,476 $466,807