MGM Digital cuts loss to $4m as LeoVegas-led arm's revenue growth slows to 6%. UPDATED October 31, 2026 MGM Resorts' LeoVegas-led international online business moved close to break-even in the third quarter, with Spain, the Netherlands and the UK driving gains. But revenue growth fell sharply from the previous quarter, at a time when UK and European operators face higher taxes. MGM Digital posted segment revenue of $184m in the third quarter, up from $174m a year earlier. Its segment adjusted EBITDAR loss narrowed to $4m, from $23m a year earlier. That improvement came in a quarter when group adjusted EBITDA dropped to $403m from $506m. MGM Digital combines LeoVegas with other consolidated interactive gaming subsidiaries. It excludes the BetMGM North America joint venture. LeoVegas results have been included in MGM's accounts since the acquisition was completed on 7 September 2022. Online growth slowed sharply after a strong second quarter. Over nine months, segment revenue is up 21%. The second quarter's strong rise was recorded with the higher UK online casino tax already in force. The UK duty increase is part of a package the government says will raise more than £1bn a year. The BetMGM brand lifted MGM Digital's business-to-consumer revenue by 8%, with Spain, the Netherlands and the UK leading the gains, management told analysts, according to a call transcript published by The Motley Fool. In August MGM began running online sports betting in the UK on its own platform. That platform now generates more than 80% of the company's online sports revenue there. Weaker Las Vegas pricing weighed on group earnings. Most of the group's revenue decline came from an 8% fall at Regional Operations and a 2% fall at the Las Vegas Strip resorts. Strip EBITDAR fell 12% to $531m. MGM's average daily room rate in Las Vegas fell 8% to $218. Revenue per available room fell 8% to $193, while occupancy was unchanged at 89%. Macau offered a contrast. MGM China posted record revenue of $1.1bn, a 5% rise, and a record 17.1% market share. Its segment adjusted EBITDAR still fell 7% to $264m, from $284m. Its intercompany branding licence fee expense rose by $22m year on year. The net loss attributable to MGM narrowed to $17.1m, from $285.3m a year earlier. Adjusted earnings per share still missed expectations, a sign of pressure on large land-based casino operators. In North America, BetMGM reported third-quarter net revenue of $710m, up 7% on $667m. The joint venture with Entain generated $34m in payments to MGM in the quarter. BetMGM said it expects to finish 2026 near the bottom of both guidance ranges: $2.9bn to $3.1bn for net revenue and $300m to $350m for adjusted EBITDA. For the UK business, the next tax change is already set. A new 25% remote betting rate within General Betting Duty takes effect from April 2027. Source material. CasinoBeats Editor

$4.21B revenue. 17.1% record market share in China. Bill Hornbuckle & jonathan halkyard navigate MGM's mixed Q3. October 30, 2026 MGM Resorts International has reported its financial and operating results for the quarter ended 30 September 2026, and the headline figure understates how differently the group's businesses performed. Consolidated revenue came in at 4.2 billion dollars, down 1% on the prior year, with a net loss attributable to MGM of 17 million dollars. That net loss was far narrower than the 285 million dollar loss recorded in the same quarter last year, a swing worth explaining rather than cheering. The release reported Q3 2026 on 28 October, and the comparison flatters partly because the prior-year period carried a large goodwill impairment that did not recur this time. What MGM Resorts reported in its Q3 2026 earnings. Consolidated Adjusted EBITDA was 403 million dollars, down from 506 million dollars a year earlier. Diluted loss per share was 0.07 dollars against a 1.05 dollar loss previously, while Adjusted EPS came in at negative 0.11 dollars compared with positive 0.24 dollars. So while the reported loss shrank, the group's underlying earnings measure moved the other way, a reminder that the improved bottom line owes a good deal to the absence of last year's impairment charge. Why MGM China's record market share matters. The clearest bright spot was Macau. MGM China revenue rose 5% to 1.1 billion dollars and the business achieved record quarterly market share of 17.1%. Segment Adjusted EBITDAR for the unit was 264 million dollars, down 7% year on year, so the share gain is a volume and positioning story rather than a margin one. For a group whose largest single segment sits on the Las Vegas Strip, a record quarter in Macau is a useful counterweight. How the Las Vegas Strip weighed on the gaming operator. Las Vegas is where the quarter softened. Strip revenue fell 2% to 2.0 billion dollars, and Segment Adjusted EBITDAR dropped 12% to 531 million dollars. The pressure came from rooms rather than tables: average daily rate fell 8% to 218 dollars and RevPAR fell 8% to 193 dollars, while occupancy held flat at 89%. Casino revenue on the Strip actually rose 8%, helped by a stronger table-games win percentage of 25.3%. Chief Executive Bill Hornbuckle noted the weaker room rates in the quarter but said October had rebounded favourably. In his words: "MGM Resorts remains highly focused on the successful operations of our businesses. Our trailing twelve months Las Vegas Strip Resorts Segment Adjusted EBITDAR has grown by nearly 70% since calendar year 2019 and, while lower room rates during the third quarter impacted our results, October has rebounded favorably." Bill Hornbuckle, President & CEO, MGM Resorts International What MGM Digital and BetMGM signal for online gaming. The group's online businesses continued to improve. MGM Digital, which the company says consists of LeoVegas and other consolidated interactive gaming subsidiaries and excludes BetMGM, grew revenue 6% to 184 million dollars and narrowed its Segment Adjusted EBITDAR loss to 4 million dollars from 23 million dollars a year earlier. Separately, the BetMGM North America Venture, the company's 50/50 sports betting and online gaming joint venture, delivered distributions and branding licence fees to MGM of 34 million dollars in the quarter. The direction of travel for both is the detail operators tracking US online gaming will note. What comes next for MGM Resorts and the regulated gaming market? The quarter shows diversification working as intended: growth in Macau and digital absorbed a softer Las Vegas room-rate period rather than letting it define the result. Management framed MGM Osaka, its integrated resort development in Japan, as the pipeline driver for future value, and the CFO tied an amended voting agreement announced the same day to planned share repurchases. The read for the wider regulated gaming market is that scale and geographic spread are doing the work they are supposed to do, though the softer underlying earnings measure means the recovery narrative still rests on Las Vegas room rates turning, which the company says began in October. iGaming Content Writer Harpreet Kaur is a content writer at iGaming News Today, covering the global online gambling industry, from casino and sportsbook operators to affiliate marketing, regulation,...

MGM Strip profit falls 12% as macau hits record. Casino News October 29, 2026 MGM Resorts Q3 results show Las Vegas Strip profit down 12% while MGM China set a revenue record. MGM Resorts International reported third quarter 2026 results on October 28, 2026. Consolidated revenue fell 1% to $4.21 billion, according to the MGM Resorts earnings release. The net loss attributable to MGM Resorts narrowed to $17.1 million from $285.3 million a year earlier. Consolidated adjusted EBITDA dropped to $403 million from $506 million. Diluted loss per share came in at $0.07, compared with $1.05 a year ago. Who is paying for the Vegas slowdown? The Las Vegas Strip dragged the quarter down. MGM Resorts said Strip revenue dropped 2% to $1.95 billion. Strip segment adjusted EBITDAR fell 12% to $531 million from $601 million. Regional operations revenue slid 8% to $883 million, and regional EBITDAR fell 18% to $243 million. On a same-store basis, MGM Resorts said regional revenue rose 1%. Bill Hornbuckle, President and CEO at MGM Resorts International, pointed to a softer leisure customer on the earnings call. "The macro headwinds we faced during the third quarter affected our leisure and transient customers across the board," Hornbuckle said. Hornbuckle also noted, "we saw airline pricing to Las Vegas up about 45% in 3Q versus last summer." Jonathan Halkyard, Chief Financial Officer at MGM Resorts, said September room rates were down high single digits. Macau and digital carried the rest. MGM China revenue grew 5% to $1.14 billion, a quarterly record. "At MGM China, we achieved record quarterly revenues," Hornbuckle said on the call. MGM China also posted a record quarterly market share of 17.1%. MGM China segment adjusted EBITDAR still dipped 7% to $264 million. MGM Digital revenue rose 6% to $184 million, and its EBITDAR loss narrowed to $4 million from $23 million. BetMGM sent $34 million in distributions and branding license fees to MGM Resorts. Hornbuckle said BetMGM third quarter net revenue rose 7% while adjusted EBITDA increased 112%. Halkyard said iGaming "drives nearly 70% of our net revenue from operations and remains our primary growth engine." Hornbuckle added, "We continue to prioritize resources towards our iGaming business." The quarter also closed a takeover saga. Hornbuckle said People Inc. could not assemble a syndicate that met its objective and withdrew its offer. SBC Americas also covered the comments. Asked if talks were finished, Hornbuckle answered, "We are done, and I meant that." Hornbuckle said People Inc. cannot buy more MGM Resorts shares once its ownership reaches 29.9%. MGM Resorts framed the dip as short term. Hornbuckle said trailing twelve month Strip EBITDAR "has grown by nearly 70% since calendar year 2019." Hornbuckle also cited "an enviable growth pipeline with MGM Osaka to drive future value." What comes next depends on Las Vegas demand. Hornbuckle said in the release that "October has rebounded favorably" after lower third quarter room rates. MGM Resorts cut its share count to 251,601,576 at September 30, 2026, from 258,323,143 at December 31, 2025. Halkyard said an amended voting agreement "enables MGM Resorts to confidently pursue value-creating share repurchases." Investors will now watch whether the October rebound holds through the fourth quarter. For more on the online side of the business, read its coverage of BetMGM third quarter results. 100K Crown Coins + 2 SC No purchase necessary NO CODE NEEDED