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MGM China Surges 17% as Vegas Faces Reno Headwinds

MGM10-QFiling Date: 10/29/2025
MGM Resorts International
Description

What this story covers

MGM Resorts' Q3 2025 10-Q shows 2% revenue growth to $4.3B, driven by 17% MGM China surge offsetting Las Vegas declines from renovations. Operating loss from impairments, but core EBITDAR stable. Strategic sales like Northfield Park fund digital and Osaka expansions; solid liquidity at $2.1B cash amid deleveraging.

Story snapshot

CompanyMGM Resorts International
TickerMGM
VariantStandard detailed
Duration13:36
Filing type10-Q
PeriodQ3 2025
IndustryConsumer Services
Accession0000789570-25-000074

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