MGM Resorts reported consolidated third-quarter revenue of $4.2 billion, down 1% from the same period in 2025. Growth in Macau and digital gaming partly balanced weaker performance at its Las Vegas Strip resorts.
The company's earnings release says Strip revenue fell 2% to about $2 billion and segment adjusted EBITDAR declined 12% to $531 million. Lower room rates weighed on the hospitality business even as casino revenue improved.
MGM China delivered revenue of $1.1 billion, up 5%, and reached a record quarterly market share of 17.1%. BetMGM North America increased net revenue 7%, while distributions and branding licence fees paid to MGM Resorts totalled $34 million.
G3 Newswire described Macau and BetMGM as the main offsets to the softer Las Vegas result. Regional operations produced $883 million of revenue and increased 1% on a same-store basis after adjusting for property disposals.
