MGM Resorts International is a global gaming and entertainment company operating 16 domestic casino properties and two casinos in Macau through its approximately 56% controlling interest in MGM China. The company's offerings span hotel accommodations, casino gaming, meeting and conference facilities, live entertainment, restaurants, nightlife, and retail, as well as sports betting and online gaming through its consolidated subsidiary LeoVegas and a 50% interest in BetMGM.
MGM pursues an asset-light strategy, leasing the real property of its domestic casino operations under triple net lease agreements and monetizing real estate assets to redeploy capital toward online gaming expansion and an integrated resort under development in Osaka, Japan. Revenue is predominantly cash-based from wagering and non-gaming services.
US 71% · CN 25% · Non USOther 4%
geographic · FY2025 (ended Dec 2025) · share of tagged segment revenue (10-K XBRL, as filed)