📊 Topic

EBITDAR

2 stories · First covered Feb 23, 2026 · Latest 9h ago
Related: MGM Resorts International 2 Las Vegas Strip 2 Luxor 2 Excalibur 2 All-inclusive packages 2 Revenue Management 1 RevPAR 1 Occupancy 1 Occupancy Rate 1 Macau 1 Share buybacks 1 Operating margins 1
EBITDAR Coverage
MGM's Vegas EBITDAR Dropped 8% While Macau Grew. That's Not a Blip.
Operations Primary
9h ago

MGM's Vegas EBITDAR Dropped 8% While Macau Grew. That's Not a Blip.

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.

MS
Mike Storm 3 min read · 9h ago
MGM's Strip Revenue Grew. Strip Profits Dropped 8%. That's the Story Nobody's Leading With.
Operations Primary
2d ago

MGM's Strip Revenue Grew. Strip Profits Dropped 8%. That's the Story Nobody's Leading With.

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.

MS
Mike Storm 3 min read · 2d ago