MGM Resorts International reported a total Q3 revenue of $4.18 billion, marking an increase of 5.3% in its international revenue.

Meanwhile, MGM China achieved $929.5 million in revenue for Q3 and has generated $3 billion in revenue over the first nine months of the year. MGM Resorts International recorded a Q3 revenue of $4.18 billion, reflecting a 5.3% year-over-year increase, while nine-month revenue reached $12.89 billion, marking a 9.3% rise. MGM China contributed $3 billion in revenue for the first nine months of 2024, up 137% compared to 2019. Las Vegas Strip resorts saw a modest 1.2% revenue growth in Q3, totaling $2.13 billion. Additionally, Q3 casino revenue made up $2.12 billion of the total, slightly above the $2.05 billion from the previous year. Adjusted property EBITDAR for Q3 was $1.14 billion, with a net income of $184.6 million. MGM China reported Q3 net revenue of $929.5 million, an increase of 14.4%, and $3 billion for the nine-month period—a rise of 38.3%, or over $800 million year-over-year. Adjusted property EBITDAR reached $237.4 million in Q3, up nearly 5%, and $832.4 million for the nine months, marking a 37.7% rise. Compared to pre-Covid levels, nine-month revenue was up 137% from 2019, with adjusted EBITDA up 150%. MGM China’s market share increased from 9.5% in 2019 to 15.9%, while visitation and daily GGR also surged significantly. For casino revenue, Q3 reached $800 million, with a 12% increase. Main floor table game win saw a 21% boost, totaling $858 million, though table game drop only rose by 4%. MGM Cotai held a 9.4% market share with revenue reaching HK$13.7 billion, while MGM Macau reported 6.5% market share, generating HK$9.8 billion in revenue for the period. Adjusted EBITDA for Cotai and Macau grew considerably, with Cotai’s up by HK$1.3 billion year-on-year. MGM China reported significant gains in Q3, with net revenue reaching $929.5 million, reflecting a 14.4% rise, while nine-month revenue climbed to $3 billion, marking a 38.3% year-over-year increase. President Kenneth Feng highlighted efforts to diversify Macau’s tourism and ongoing property enhancements, including renovations at MGM Macau and upgrades at MGM Cotai. In Las Vegas, Q3 revenue on the Strip rose slightly to $2.13 billion, though casino revenue dipped, while slot revenue saw modest growth. MGM’s regional operations faced challenges, though slot performance strengthened with a 3% handle rise. CEO Bill Hornbuckle emphasized growth in digital and international projects, including ventures in Japan and New York.