MGM Resorts International is a major gaming and hospitality company operating casino resorts across the United States and internationally. The company owns and operates properties including the MGM Grand, Bellagio, and Aria in Las Vegas, along with regional casinos and resort destinations. MGM Resorts generates revenue through gaming, hotel accommodations, food and beverage, and entertainment offerings.
The company owns BetMGM, its digital sports betting and iGaming platform, which recently achieved profitability. This marks a significant shift in MGM's business model as digital gaming channels become increasingly important to overall revenue generation. The company maintains operations in international markets, diversifying its geographic exposure beyond the United States.
For hotel operators and investors, MGM Resorts represents a major competitor in the integrated resort space and demonstrates the industry's ongoing transition toward omnichannel gaming and hospitality experiences. The profitability of BetMGM signals that digital gaming integration can complement rather than cannibalize traditional casino floor operations.
Barry Diller's People Inc. wants to buy the rest of MGM Resorts at a $18.8 billion valuation, but the stock closed above the offer price on day one, which tells you everything about where this negotiation is actually headed.
Affinity Gaming is walking away from Primm, Nevada with $500M in debt and 344 employees about to lose their jobs and their homes. The family that built this town 40 years ago just got the land back for free... and the clock is ticking on whether anyone can keep the lights on.
Barry Diller's People Inc. offered $18 billion for MGM Resorts, but the market immediately priced the stock past the bid, which tells you everything about what Wall Street thinks this offer is actually worth.
Las Vegas's largest resort operators now generate roughly three-quarters of their revenue from non-gaming sources, with individual dayclubs pulling over $1 million on a single Saturday. The question for hotel investors isn't whether this model works in Vegas... it's what happens when the visitor count drops 7.5% while you're charging premium prices.
Wynn's mega-resort in Ras Al Khaimah went from $3.9 billion to $5.1 billion before a single guest checked in, and now geopolitical conflict is pushing the opening past its 2027 target. The "modest delay" language on the earnings call is doing a lot of heavy lifting for what's really happening on that island.
Wynn posted a strong Q1 with $1.86 billion in revenue and beat earnings estimates, then buried the lead: the UAE mega-resort is delayed by geopolitical chaos, and they're doubling down on Macau with a $950M expansion that won't open until 2029.
Affinity Gaming is pulling the plug on the last Primm Valley casino properties and the Flying J truck stop by Independence Day, ending a border town gambling era that's been dying for 20 years. The $400 million question isn't why it's closing... it's what every operator sitting on a location-dependent property should be learning from the autopsy.
iGaming revenue jumped 29% last year while your guests played from their hotel rooms instead of walking to the floor. If you're still building F&B strategy around gaming-driven foot traffic, you're building on a foundation that's eroding in real time.
MGM posted record Q1 revenue while EBITDA fell nearly 9% and EPS missed by 12.5%, which is a textbook case of a company growing its top line while the owner's actual return moves in the wrong direction.
MGM just posted its first Las Vegas revenue growth in three quarters and somehow still watched profits shrink. If you think that's just a Vegas problem, you haven't been paying attention to what's happening to operating margins across the entire industry.
Macau's hotel sector just posted 92.3% occupancy with a 16% jump in international guests, and operators there are still watching room rates slide. If you think volume-over-rate is just an Asian gaming market problem, you haven't been paying attention to your own comp set.
MGM China grew revenue 9% and somehow got less profitable, because the parent company doubled the branding fee to 3.5% of net revenue starting January 1. If you've ever wondered what it looks like when a brand extracts value from an operator in real time, this is your case study.
A 14% surge in March gaming win has everyone celebrating on the Strip, but nine months of fiscal year data show barely half a percent of growth... and the swing factor is a card game most hotel operators can't control.
MGM posted $4.5 billion in record quarterly revenue and the Las Vegas Strip finally grew again after 18 months. But Strip EBITDAR fell 8% while occupancy slipped and RevPAR declined, which means the machine is running hotter and earning less... and that pattern should sound familiar to anyone who's managed a hotel through a cost cycle.
MGM Grand's buffet survived 33 years, a pandemic, and the slow erosion of everything that made it worth running. The real question isn't why they're closing it... it's what the 15,000 square feet of prime Strip real estate becomes next, and what that tells you about where casino F&B is actually headed.
When a major operator bundles 50% room discounts with free drinks, meals, and parking, the question isn't what guests save. It's what the trailing RevPAR data already told you about where Las Vegas yield is heading through 2026.
The MGM Grand Buffet lasted 33 years before the math finally caught up with it. If you're still running a dining concept because "guests expect it," you might want to check whether those guests are actually paying for it.
BetMGM's Q1 revenue missed forecasts by 14% and EBITDA cratered 68% below expectations, forcing a full-year guidance cut. If you're running a casino-adjacent hotel and assuming the gaming floor will keep subsidizing your room rates, this is the quarter that should make you nervous.
BetMGM's Q1 miss and lowered 2026 outlook isn't a sports betting story. It's a signal about which guests your casino hotel is going to be fighting over for the next three years... and what that fight costs at property level.
BetMGM's first quarter shows fewer users, higher revenue per player, and a deliberate shift toward premium customers that mirrors a strategy casino hotel operators have been arguing about for years. The question is what happens to your floor traffic when the feeder system changes who it's feeding you.
