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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

			Three Months Ended March 31,
			2025						2024
Net revenue			(In thousands)
Las Vegas Strip Resorts
Casino			$	538,259					$	497,548
Rooms			750,049						827,253
Food and beverage			586,039						599,281
Entertainment, retail and other			301,773						330,947
			2,176,120						2,255,029
Regional Operations
Casino			671,975						684,968
Rooms			66,725						65,933
Food and beverage			109,081						107,753
Entertainment, retail and other			52,638						50,825
			900,419						909,479
MGM China
Casino			895,852						920,048
Rooms			46,634						63,215
Food and beverage			75,053						62,369
Entertainment, retail and other			9,933						10,385
			1,027,472						1,056,017
MGM Digital
Casino			128,058						127,608
Reportable segment net revenues			4,232,069						4,348,133
Corporate and other			45,013						35,337
			$	4,277,082					$	4,383,470

			Three Months Ended March 31,
			2025						2024
Expenses			(In thousands)
Las Vegas Strip Resorts
Payroll related			$	661,746					$	643,583
Cost of sales			127,757						135,188
Gaming taxes			59,210						57,944
Other segment items(1)			516,247						590,526
			1,364,960						1,427,241
Regional Operations
Payroll related			228,947						227,238
Cost of sales			37,214						39,344
Gaming taxes			184,714						185,996
Other segment items(1)			170,502						182,799
			621,377						635,377
MGM China
Payroll related			145,208						133,166
Cost of sales			27,500						22,350
Gaming taxes			448,776						478,319
Other segment items(1)			120,423						120,996
			741,907						754,831
MGM Digital
Payroll related			29,537						20,369
Marketing costs			57,793						59,034
Gaming taxes			30,625						28,814
Other segment items(2)			44,496						38,181
			$	162,451					$	146,398

(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.

			Three Months Ended March 31,
			2025						2024
			(In thousands)
Segment Adjusted EBITDAR
Las Vegas Strip Resorts			$	811,160					$	827,788
Regional Operations			279,042						274,102
MGM China			285,565						301,186
MGM Digital			(34,393)						(18,790)
			1,341,374						1,384,286
Other operating income (expense)
Corporate and other, net			(126,949)						(121,634)
Preopening and start-up expenses			(85)						(1,095)
Property transactions, net			(15,468)						(17,154)
Depreciation and amortization			(236,444)						(196,562)
Triple net lease rent expense			(564,475)						(564,339)
Loss from unconsolidated affiliates			(12,896)						(25,124)
Operating income			385,057						458,378
Non-operating income (expense)
Interest expense, net of amounts capitalized			(107,269)						(110,037)
Non-operating items from unconsolidated affiliates			262						(136)
Other, net			(11,266)						(4,806)
			(118,273)						(114,979)
Income before income taxes			266,784						343,399
Provision for income taxes			(40,053)						(43,673)
Net income			226,731						299,726
Less: Net income attributable to noncontrolling interests			(78,177)						(82,250)
Net income attributable to MGM Resorts International			$	148,554					$	217,476

			Three Months Ended March 31,
			2025						2024
Capital expenditures:			(In thousands)
Las Vegas Strip Resorts			$	105,238					$	102,985
Regional Operations			22,617						19,832
MGM China			59,736						15,384
MGM Digital			18,437						11,769
Reportable segment capital expenditures			206,028						149,970
Corporate and other			22,013						22,110
			$	228,041					$	172,080

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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