Strip casino giant sees revenues decline in ‘25 as Las Vegas tourism dips
MGM Resorts International experienced revenue and earnings declines in 2025 due to a Las Vegas tourism slump, but anticipates growth in 2026.Summary
MGM Resorts International reported a 4% decrease in net revenue to $8.4 billion and an 8% decline in core operating earnings to $2.9 billion for its Las Vegas Strip operations in 2025. The fourth quarter saw a 3% drop in net revenue to $2.2 billion and a 4% decrease in core operating earnings to $735 million. Despite these results, CEO Bill Hornbuckle expressed optimism, stating that 2025 represented a return to a more balanced environment after several years of exceptional growth. He highlighted record slot win and strong performance from luxury properties like Aria, Bellagio, and The Cosmopolitan. The completion of the MGM Grand renovation is expected to boost 2026 performance. MGM anticipates mid-single-digit revenue growth on the Strip in 2026, driven by improving group and convention bookings, and a robust calendar of events. The company is also focusing on operational improvements and technology upgrades, such as digital check-ins and AI-powered concierge tools, to enhance the guest experience.
(Source：Las-vegas Review Journal)