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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company’s management views the operations of each of its casino properties as an operating segment which are aggregated into the reportable segments of Las Vegas Strip Resorts, Regional Operations, and MGM China 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’s interactive gaming operations are reported within the MGM Digital reportable segment. During the fourth quarter of 2024, the Company added MGM Digital as a reportable segment to reflect the Company’s strategic focus on interactive gaming. The corresponding items of segment information for MGM Digital, which were previously included within “Corporate and other”, as applicable, were recast for prior periods.

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 W Las Vegas 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; 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.

MGM Digital. MGM Digital consists of LeoVegas and other consolidated subsidiaries that offer interactive gaming.

The Company’s operations related to 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.

Segment Adjusted 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. Segment Adjusted EBITDAR is a measure defined as earnings before interest and other non-operating income (expense), income taxes, depreciation and amortization, preopening and start-up expenses, property transactions, net, triple net lease rent expense, income (loss) from unconsolidated affiliates, goodwill impairment, and also excludes corporate expense and stock compensation expense, which are not allocated to each operating segment. Triple net lease rent expense is the expense for rent to landlords under triple net operating leases for its domestic properties, the ground subleases of Beau Rivage and MGM National Harbor, and the land concessions at MGM China.
Three Months Ended
September 30,		Nine Months Ended
September 30,
 202520242025 2024
Net revenue(In thousands)
Las Vegas Strip Resorts
Casino$450,273 $476,434 $1,445,113 $1,458,721 
Rooms660,488 743,261 2,145,387 2,337,808 
Food and beverage547,298 574,587 1,718,285 1,798,109 
Entertainment, retail and other326,578 337,931 966,664 998,066 
1,984,637 2,132,213 6,275,449 6,592,704 
Regional Operations
Casino695,938 692,654 2,078,028 2,061,659 
Rooms87,162 88,275 233,700 232,740 
Food and beverage118,206 116,378 342,862 336,037 
Entertainment, retail and other55,569 54,841 167,316 158,329 
956,875 952,148 2,821,906 2,788,765 
MGM China
Casino947,483 800,208 2,820,732 2,611,497 
Rooms47,586 52,029 139,958 168,415 
Food and beverage83,092 64,356 235,801 192,716 
Entertainment, retail and other9,567 12,863 28,802 31,036 
1,087,728 929,456 3,225,293 3,003,664 
MGM Digital
Casino174,027 141,202 465,946 412,157 
Reportable segment net revenues4,203,267 4,155,019 12,788,594 12,797,290 
Corporate and other47,197 28,119 143,822 96,693 
 $4,250,464 $4,183,138 $12,932,416 $12,893,983 
Three Months Ended
September 30,		Nine Months Ended
September 30,
 202520242025 2024
Expenses(In thousands)
Las Vegas Strip Resorts
Payroll related$639,265 $669,279 $1,967,561 $1,971,365 
Cost of sales126,193 132,001 383,876 401,343 
Gaming taxes53,038 55,448 166,072 169,839 
Other segment items(1)
565,272 544,448 1,635,415 1,709,043 
1,383,768 1,401,176 4,152,924 4,251,590 
Regional Operations
Payroll related237,540 235,157 698,726 690,522 
Cost of sales41,101 42,131 119,162 122,182 
Gaming taxes191,899 193,918 572,285 569,214 
Other segment items(1)
190,814 180,957 548,514 544,382 
661,354 652,163 1,938,687 1,926,300 
MGM China
Payroll related157,782 142,249 457,766 416,159 
Cost of sales30,284 23,729 85,134 69,703 
Gaming taxes482,213 405,650 1,431,132 1,331,883 
Other segment items(1)
133,459 120,472 380,364 353,514 
803,738 692,100 2,354,396 2,171,259 
MGM Digital
Payroll related34,803 25,394 97,194 64,885 
Marketing costs67,838 65,998 192,633 190,330 
Gaming taxes42,730 33,570 112,919 93,119 
Other segment items(2)
51,904 39,065 146,539 119,374 
$197,275 $164,027 $549,285 $467,708 
(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
September 30,		Nine Months Ended
September 30,
2025202420252024
(In thousands)
Segment Adjusted EBITDAR
Las Vegas Strip Resorts$600,869 $731,037 $2,122,525 $2,341,114 
Regional Operations 295,521 299,985 883,219 862,465 
MGM China283,990 237,356 870,897 832,405 
MGM Digital(23,248)(22,825)(83,339)(55,551)
1,157,132 1,245,553 3,793,302 3,980,433 
 
Other operating income (expense)
Corporate and other, net(112,312)(114,907)(347,987)(353,801)
Preopening and start-up expenses(31)(519)(965)(2,469)
Property transactions, net (101,775)(25,493)(117,368)(59,124)
Goodwill impairment(256,133)— (256,133)— 
Depreciation and amortization(260,717)(233,330)(739,136)(621,868)
Triple net lease rent expense(564,658)(564,436)(1,693,549)(1,692,961)
Income (loss) from unconsolidated affiliates25,642 7,989 38,606 (51,319)
Operating income (loss)(112,852)314,857 676,770 1,198,891 
Non-operating income (expense)
Interest expense, net of amounts capitalized(102,287)(111,873)(315,140)(334,649)
Non-operating items from unconsolidated affiliates5,942 417 2,149 2,043 
Other, net(10,390)93,333 (182,826)45,096 
(106,735)(18,123)(495,817)(287,510)
Income (loss) before income taxes(219,587)296,734 180,953 911,381 
Benefit (provision) for income taxes12,858 (52,570)(42,857)(84,689)
Net income (loss)(206,729)244,164 138,096 826,692 
Less: Net income attributable to noncontrolling interests(78,526)(59,586)(225,846)(237,566)
Net income (loss) attributable to MGM Resorts International$(285,255)$184,578 $(87,750)$589,126 

 Three Months Ended
September 30,		Nine Months Ended
September 30,
 2025202420252024
Capital expenditures:(In thousands)
Las Vegas Strip Resorts$145,282 $176,748 $370,651 $419,528 
Regional Operations41,973 59,255 105,843 106,016 
MGM China47,075 57,833 158,394 98,362 
MGM Digital19,913 13,895 59,767 38,649 
Reportable segment capital expenditures254,243 307,731 694,655 662,555 
Corporate and other21,746 28,519 77,817 84,017 
 $275,989 $336,250 $772,472 $746,572 

Total assets are not allocated to segments for internal reporting or when determining the allocation of resources and, accordingly, are not presented.