MGM Resorts posts record Q2 revenue as Las Vegas and digital drive growth

MGM Resorts International reported record consolidated net revenue for the second quarter, driven by continued momentum at its Las Vegas Strip properties, record same-store regional revenue and 20% year-over-year growth at MGM Digital.

"Our second-quarter performance reflects the strength of our diversified business model," CEO Bill Hornbuckle said. "Las Vegas continues to deliver, our regional properties are operating at record levels, and MGM Digital's 20% growth underscores the success of our online gaming strategy."

Revenue from the Las Vegas Strip properties rose to a record level, though the company did not disclose the exact figure. Same-store regional revenue also hit a record during the quarter. MGM Digital, the company's online gaming and sports betting division, generated $X in revenue, up 20% from a year earlier, though the absolute figure was not disclosed. The company did not provide specific EPS or net income figures in its preliminary release.

The record quarter comes as MGM continues to invest in its digital platform and international expansion. The company has signaled plans to spend about $1 billion annually on its Osaka integrated resort project in fiscal 2027 and 2028, targeting a fall 2030 opening. The results suggest MGM's strategy of combining physical casino operations with digital gaming is gaining traction, giving it a competitive edge against rivals that lack both channels. Investors will watch the full earnings release for segment-level margins and updated guidance on the Osaka timeline.

This article is for informational purposes only and does not constitute investment advice.