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Strip casino giant posts steady revenue but lower earnings in Las Vegas

Las Vegas Review-Journal·David Danzis·about 1 month ago
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Net revenues were essentially flat and adjusted earnings were down to start the year for the Strip’s largest casino operator, which said strong weekends and luxury demand continued to help offset persistent midweek softness across parts of its Las Vegas portfolio. MGM Resorts International reported $2.2 billion in net revenue during the first three months of 2026 from its nine casinos and four non-gaming hotels in Las Vegas, according to financial filings with the U.S. Securities and Exchange Commission. Quarterly adjusted earnings from the Las Vegas market decreased 8 percent from $811 million to $749 million. Gaming revenue from Las Vegas Strip resorts totaled $513 million in the quarter, down 5 percent year over year, driven by declines in table games volume and slightly lower win rates, according to company filings. Table games drop fell 3 percent to $1.46 billion, while slot handle was essentially flat at $5.69 billion.…

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