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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill. A summary of changes in the Company’s goodwill is as follows:
|  | 2025
|  | Balance at January 1 |  | Impairment |  | Currency exchange |  | Balance at September 30
|  | (In thousands)
Las Vegas Strip Resorts |  | $ | 2,707,009 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,707,009 |
Regional Operations |  | 660,940 |  |  | (256,133) |  |  | — |  |  | 404,807 |
MGM China |  | 1,356,625 |  |  | — |  |  | (2,398) |  |  | 1,354,227 |
MGM Digital |  | 420,430 |  |  | — |  |  | 56,086 |  |  | 476,516 |
|  | $ | 5,145,004 |  |  | $ | (256,133) |  |  | $ | 53,688 |  |  | $ | 4,942,559 |
Empire City goodwill and gaming license impairment. The value of the Empire City reporting unit has been dependent upon the Company obtaining a commercial gaming license and the timing thereof, as well as other assumptions related to constructing and operating a commercial gaming facility. In the third quarter of 2025, the competitive and economic assumptions underpinning the Company’s return expectations on its investment in a commercial gaming facility changed, which led the Company to determine it would withdraw its application for a commercial gaming license for Empire City. Accordingly, the Company performed an interim impairment test of the goodwill related to the Empire City reporting unit using a discounted cash flow model to estimate fair value. As a result of the decrease in forecasted cash flows, the carrying value of Empire City exceeded its fair value. As such, the Company recorded an impairment of the full amount of the Empire City reporting unit’s goodwill of $256 million, which is reflected within Regional Operations above and presented in “Goodwill impairment” in the accompanying statements of operations. Additionally, the Company recorded an impairment of $52 million relating to Empire City’s existing gaming license, presented in “Property transactions, net” in the accompanying statements of operations.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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