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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

MGM Resorts Q3 2026 revenue drops to $4.2B. MGM Resorts International shared its Q3 2026 earnings, revealing that consolidated revenue fell by 1% to $4.2 billion in the third quarter, as lower room rates weighed on its Las Vegas Strip resorts. October 29, 2026 Adjusted EBITDA dropped to $403 million from $506 million, and adjusted EPS came in at a loss of $0.11, against $0.24 in 2025. The net loss attributable to MGM narrowed to $17 million from $285 million. Las Vegas Strip revenue declined by 2% to $2.0 billion, with segment adjusted EBITDAR down by 12% to $531 million. Regional revenue fell by 8% to $883 million after property sales, though same-store revenue rose 1%. MGM China grew revenue 5% to $1.1 billion, while MGM Digital, which includes LeoVegas but not BetMGM, increased revenue by 6% to $184 million and cut its EBITDAR loss to $4 million from $23 million. Bill Hornbuckle, President & CEO of MGM Resorts International, said: "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." Jonathan Halkyard, Chief Financial Officer of MGM Resorts International, added: "The amended voting agreement announced earlier today establishes a highly supportive framework that enables MGM Resorts to confidently pursue value-creating share repurchases as part of our ongoing commitment to enhancing shareholder value and driving longer-term growth." MGM also announced an amended voting agreement alongside the results. Content Writer As a content writer at AffPapa, Alla focuses on daily coverage of iGaming news, writes in-depth articles on the most relevant topics of the sector, and presents insights from industry professionals through dedicated interviews. She combines her background in research with an engaging and informative approach to help readers stay up-to-date with everything that's happening in global iGaming markets.