MGM Resorts International MGM Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | |||||
| Las Vegas Strip Resorts | $8.44B-4.2% | $8.82B+0.2% | $8.8B+4.8% | $8.4B+77.3% | |
| MGM China | $4.46B+10.9% | $4.02B+27.5% | $3.15B+368% | $673.59M-44.4% | |
| Regional Operations | $3.77B+1.4% | $3.72B+1.4% | $3.67B-3.8% | $3.82B+12.5% | |
| Costs and Expenses by Business | |||||
| Las Vegas Strip Resorts | $5.58B-2.2% | $5.71B+1.8% | $5.61B+6.7% | $5.26B— | |
| MGM China | $3.26B+11.0% | $2.94B+28.4% | $2.29B+161% | $876.73M— | |
| MGM Digital | $744.5M+18.3% | $629.24M+35.4% | $464.57M+249% | $133.02M— | |
| Regional Operations | $2.61B+1.3% | $2.58B+1.6% | $2.54B+0.6% | $2.52B— | |
| Segment Adjusted EBITDAR by Business | |||||
| Las Vegas Strip Resorts | $2.86B-8.0% | $3.11B-2.6% | $3.19B+1.5% | $3.14B+80.8% | |
| MGM China | $1.2B+10.7% | $1.09B+25.4% | $866.89M+527% | -$203.14M-901% | |
| MGM Digital | -$90.31M-16.9% | -$77.23M-138% | -$32.42M-7,932% | $414K— | |
| Regional Operations | $1.16B+1.7% | $1.14B+0.9% | $1.13B-12.5% | $1.29B+6.3% | |
| Other segment items by Business | |||||
| Las Vegas Strip Resorts | $2.21B-3.9% | $2.3B+0.3% | $2.3B+5.4% | $2.18B— | |
| MGM China | $540.21M+9.2% | $494.85M+33.9% | $369.68M+105% | $180.39M— | |
| MGM Digital | $190.44M+17.2% | $162.5M+12.9% | $143.93M+248% | $41.31M— | |
| Regional Operations | $748.24M+2.6% | $729.15M-4.4% | $763.04M+1.5% | $751.99M— | |
| Cost of Sales by Business | |||||
| Las Vegas Strip Resorts | $516M-3.9% | $536.81M-2.7% | $551.88M+7.7% | $512.21M— | |
| MGM China | $116.26M+20.5% | $96.52M+54.5% | $62.45M+133% | $26.83M— | |
| Regional Operations | $162M-2.9% | $166.87M+4.5% | $159.67M-0.5% | $160.46M— | |
| Gaming taxes by Business | |||||
| Las Vegas Strip Resorts | $230.05M-1.2% | $232.84M-3.8% | $241.94M+6.3% | $227.58M— | |
| MGM China | $1.97B+10.7% | $1.78B+28.8% | $1.38B+369% | $294.47M— | |
| MGM Digital | $157.72M+25.2% | $125.93M+49.8% | $84.06M+237% | $24.92M— | |
| Regional Operations | $763.17M+0.7% | $757.82M+3.1% | $735.18M-2.4% | $753.49M— | |
| Payroll related by Business | |||||
| Las Vegas Strip Resorts | $2.62B-0.5% | $2.64B+4.7% | $2.52B+7.8% | $2.34B— | |
| MGM China | $633.05M+11.9% | $565.86M+19.5% | $473.62M+26.3% | $375.04M— | |
| MGM Digital | $128.72M+47.0% | $87.58M+21.8% | $71.93M+285% | $18.68M— | |
| Regional Operations | $935.7M+1.4% | $922.92M+5.0% | $879.22M+2.8% | $855.31M— | |
| CapEx by Business | |||||
| Las Vegas Strip Resorts | $513.61M-14.0% | $597.15M+13.3% | $527.1M+28.2% | $411.22M+54.0% | |
| MGM China | $195.21M+31.2% | $148.81M+228% | $45.33M+48.4% | $30.54M-55.1% | |
| MGM Digital | $82.82M+25.8% | $65.85M+92.7% | $34.18M+358% | $7.46M— | |
| Regional Operations | $154.19M-9.6% | $170.49M+25.5% | $135.85M-28.8% | $190.81M+147% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | |||||
| Casino | $9.45B+7.6% | $8.79B+8.6% | $8.09B+41.0% | $5.73B+6.9% | |
| Entertainment, retail and other | $1.66B-1.8% | $1.69B+0.6% | $1.68B-2.8% | $1.73B+71.6% | |
| Food and beverage | $3.05B-1.1% | $3.08B+6.5% | $2.89B+11.0% | $2.6B+87.1% | |
| Rooms | $3.38B-8.3% | $3.68B+5.2% | $3.5B+14.5% | $3.06B+80.9% | |
| Cost of Sales by Product | |||||
| Casino | $5.34B+7.7% | $4.96B+14.9% | $4.32B+57.2% | $2.75B+7.7% | |
| Entertainment, retail and other | $1.04B-1.8% | $1.06B-0.2% | $1.07B+0.2% | $1.06B+72.2% | |
| Food and beverage | $2.26B+0.4% | $2.25B+4.6% | $2.15B+13.0% | $1.91B+84.2% | |
| Rooms | $1.1B-1.6% | $1.12B+10.0% | $1.02B+8.6% | $937.27M+56.0% | |
| Decrease by Product | |||||
| Customer Advances and Other | $34.89M-44.8% | $63.18M— | —— | $192.74M-31.1% | |
| Contract with Customer, Liability, Current by Product | |||||
| Customer Advances and Other | $3.23B+0.8% | $3.2B-0.2% | $3.21B+7.3% | $2.99B+34.4% | |
| Loyalty Program | $853.16M+3.2% | $826.38M+5.4% | $783.98M+17.1% | $669.39M+20.1% | |
| Outstanding Chip Liability | $790.36M-0.1% | $791.53M+3.9% | $761.97M+17.3% | $649.43M-2.8% | |
| Total Revenue by Geography | |||||
| China | $4.46B+11.0% | $4.02B+27.5% | $3.15B+368% | $673.66M— | |
| Other | $661.96M+19.2% | $555.23M+28.0% | $433.64M+225% | $133.42M— | |
| United States | $12.41B-2.0% | $12.66B+0.7% | $12.58B+2.1% | $12.32B— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does MGM Resorts International break its business down?
- MGM Resorts International (MGM) reports revenue from contract with customer, excluding assessed tax by business across 3 parts — Las Vegas Strip Resorts, MGM China and Regional Operations. Each is extracted from the segment footnotes and tracked over time.
- Where does MGM Resorts International's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in MGM Resorts International's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
