MGM Resorts International (MGM) is the largest resort operator on the Las Vegas Strip, with about 37,000 rooms and suites, or roughly one fourth of the market. Its Las Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed about 56% of total EBITDAR in 2025, U.S. regional properties contributed a low-20s percentage, and MGM China contributed 23%. Sports betting and online gaming represent a high-single-digit percentage of revenue. MGM owns 56% of MGM China, which operates two casinos in Macao. An integrated resort in Japan is expected to open in 2030.

MGM Income Statement

MGM Balance Sheet

MGM Cash Flow Statement