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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Information |
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Net revenue |  |  |  |  |  |
Las Vegas Strip Resorts |  |  |  |  |  |
Casino |  | $ | 1,960,146 |  |  | $ | 2,127,612 |  |  | $ | 2,104,096 |
Rooms |  | 3,159,497 |  |  | 3,027,668 |  |  | 2,729,715 |
Food and beverage |  | 2,356,718 |  |  | 2,289,812 |  |  | 2,125,738 |
Entertainment, retail and other |  | 1,339,752 |  |  | 1,354,054 |  |  | 1,438,823 |
|  | 8,816,113 |  |  | 8,799,146 |  |  | 8,398,372 |
Regional Operations |  |  |  |  |  |
Casino |  | 2,737,778 |  |  | 2,712,205 |  |  | 2,901,072 |
Rooms |  | 304,322 |  |  | 296,100 |  |  | 284,213 |
Food and beverage |  | 456,129 |  |  | 440,002 |  |  | 429,188 |
Entertainment, retail and other |  | 222,093 |  |  | 222,002 |  |  | 201,412 |
|  | 3,720,322 |  |  | 3,670,309 |  |  | 3,815,885 |
MGM China |  |  |  |  |  |
Casino |  | 3,496,697 |  |  | 2,787,837 |  |  | 567,573 |
Rooms |  | 217,798 |  |  | 177,158 |  |  | 43,216 |
Food and beverage |  | 265,883 |  |  | 161,669 |  |  | 49,312 |
Entertainment, retail and other |  | 42,006 |  |  | 26,945 |  |  | 13,492 |
|  | 4,022,384 |  |  | 3,153,609 |  |  | 673,593 |
MGM Digital |  |  |  |  |  |
Casino |  | 552,012 |  |  | 432,146 |  |  | 133,435 |
Reportable segment net revenues |  | 17,110,831 |  |  | 16,055,210 |  |  | 13,021,285 |
Corporate and other |  | 129,714 |  |  | 109,039 |  |  | 106,200 |
|  | $ | 17,240,545 |  |  | $ | 16,164,249 |  |  | $ | 13,127,485 |
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Expenses |  |  |  |  |  |
Las Vegas Strip Resorts |  |  |  |  |  |
Payroll related |  | $ | 2,635,565 |  |  | $ | 2,517,233 |  |  | $ | 2,335,843 |
Cost of sales |  | 536,807 |  | 551,877 |  | 512,208
Gaming taxes |  | 232,841 |  |  | 241,943 |  |  | 227,578 |
Other segment items(1) |  | 2,304,357 |  |  | 2,297,607 |  |  | 2,180,435 |
|  | 5,709,570 |  |  | 5,608,660 |  |  | 5,256,064 |
Regional Operations |  |  |  |  |  |
Payroll related |  | 922,924 |  |  | 879,221 |  |  | 855,309 |
Cost of sales |  | 166,872 |  |  | 159,670 |  |  | 160,463 |
Gaming taxes |  | 757,824 |  |  | 735,179 |  |  | 753,494 |
Other segment items(1) |  | 729,146 |  |  | 763,043 |  |  | 751,989 |
|  | 2,576,766 |  |  | 2,537,113 |  |  | 2,521,255 |
MGM China |  |  |  |  |  |
Payroll related |  | 565,858 |  |  | 473,616 |  |  | 375,037 |
Cost of sales |  | 96,516 |  | 62,453 |  | 26,834
Gaming taxes |  | 1,778,032 |  | 1,380,976 |  | 294,471
Other segment items(1) |  | 494,852 |  | 369,675 |  | 180,387
|  | 2,935,258 |  | 2,286,720 |  | 876,729
MGM Digital |  |  |  |  |  |
Payroll related |  | 87,579 |  |  | 71,929 |  |  | 18,681 |
Marketing costs |  | 253,227 |  |  | 164,645 |  |  | 48,107 |
Gaming taxes |  | 125,934 |  |  | 84,064 |  |  | 24,921 |
Other segment items(2) |  | 162,499 |  |  | 143,932 |  |  | 41,312 |
|  | $ | 629,239 |  |  | $ | 464,570 |  |  | $ | 133,021 |
(1) Other segment items primarily include corporate allocations, service provider costs, promotional expense, and other miscellaneous expenses. (2) Other segment items primarily include third party game provider fees, service provider costs, and other miscellaneous expenses.
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Segment Adjusted EBITDAR |  |  |  |  |  |
Las Vegas Strip Resorts |  | $ | 3,106,543 |  |  | $ | 3,190,486 |  |  | $ | 3,142,308 |
Regional Operations |  | 1,143,556 |  |  | 1,133,196 |  |  | 1,294,630 |
MGM China |  | 1,087,126 |  |  | 866,889 |  |  | (203,136) |
MGM Digital |  | (77,227) |  |  | (32,424) |  |  | 414 |
|  | 5,259,998 |  |  | 5,158,147 |  |  | 4,234,216 |
Other operating income (expense) |  |  |  |  |  |
Corporate and other, net |  | (500,447) |  |  | (496,867) |  |  | (514,883) |
Preopening and start-up expenses |  | (7,972) |  |  | (415) |  |  | (1,876) |
Property transactions, net |  | (81,316) |  |  | 370,513 |  |  | 1,036,997 |
Depreciation and amortization |  | (831,097) |  |  | (814,128) |  |  | (3,482,050) |
Gain on REIT transactions, net |  | — |  |  | — |  |  | 2,277,747 |
Triple net lease rent expense |  | (2,258,057) |  |  | (2,263,649) |  |  | (1,950,566) |
Loss from unconsolidated affiliates |  | (90,653) |  |  | (62,104) |  |  | (160,213) |
Operating income |  | 1,490,456 |  | 1,891,497 |  | 1,439,372
Non-operating income (expense) |  |  |  |  |  |
Interest expense, net of amounts capitalized |  | (443,230) |  |  | (460,293) |  |  | (594,954) |
Non-operating items from unconsolidated affiliates |  | (734) |  |  | (1,032) |  |  | (23,457) |
Other, net |  | 70,573 |  |  | 42,591 |  |  | 82,838 |
|  | (373,391) |  |  | (418,734) |  |  | (535,573) |
Income before income taxes |  | 1,117,065 |  |  | 1,472,763 |  |  | 903,799 |
Provision for income taxes |  | (52,457) |  |  | (157,839) |  |  | (697,068) |
Net income |  | 1,064,608 |  |  | 1,314,924 |  |  | 206,731 |
Less: Net (income) loss attributable to noncontrolling interests |  | (318,050) |  |  | (172,744) |  |  | 1,266,362 |
Net income attributable to MGM Resorts International |  | $ | 746,558 |  |  | $ | 1,142,180 |  |  | $ | 1,473,093 |
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Capital expenditures: |  | (In thousands)
Las Vegas Strip Resorts |  | $ | 597,152 |  |  | $ | 527,104 |  |  | $ | 411,222 |
Regional Operations |  | 170,490 |  |  | 135,848 |  |  | 190,811 |
MGM China |  | 148,813 |  |  | 45,331 |  |  | 30,540 |
MGM Digital |  | 65,849 |  |  | 34,175 |  |  | 7,457 |
Reportable segment capital expenditures |  | 982,304 |  |  | 742,458 |  |  | 640,030 |
Corporate and other |  | 168,285 |  |  | 189,355 |  |  | 125,037 |
|  | $ | 1,150,589 |  |  | $ | 931,813 |  |  | $ | 765,067 |
Schedule of Long Lived Assets Presented by Geographic Region | Long-lived assets, which includes property and equipment, net and operating and finance lease right-of-use assets, net, presented by geographic region were as follows:
|  | December 31,
|  | 2024 |  | 2023 |  | 2022
Long-lived assets: |  | (In thousands)
United States |  | $ | 26,903,773 |  |  | $ | 26,698,996 |  |  | $ | 26,809,273 |
China |  | 2,734,513 |  |  | 2,731,397 |  |  | 2,926,619 |
Other |  | 90,160 |  |  | 46,616 |  |  | 18,965 |
|  | $ | 29,728,446 |  |  | $ | 29,477,009 |  |  | $ | 29,754,857 |
Schedule of Revenue by Geographic Region | Net revenue, for which the country was determined based upon the location of the property or online gaming hub, presented by geographic region was as follows:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Net revenue: |  | (In thousands)
United States |  | $ | 12,664,897 |  |  | $ | 12,577,085 |  |  | $ | 12,320,411 |
China |  | 4,020,420 |  |  | 3,153,520 |  |  | 673,655 |
Other |  | 555,228 |  |  | 433,644 |  |  | 133,419 |
|  | $ | 17,240,545 |  |  | $ | 16,164,249 |  |  | $ | 13,127,485 |

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