Citable filing context
MGM's research view summarizes recent SEC filing context, starting with earnings from Jul 29, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 29, 2026 | earnings | MGM Resorts reported second quarter 2026 consolidated revenue of $4.5 billion and net income of $292 million. |
| May 14, 2026 | debt_offering | MGM China Holdings Limited issued $750 million of 6.25% senior notes due 2033. |
| May 8, 2026 | other | MGM Resorts International stockholders elected the Board of Directors and approved the auditor and executive compensation on May 6, 2026. |
| Oct 5, 2023 | Guidance: occupancy | not reported to 93.00 |
| Oct 5, 2023 | Guidance: occupancy | not reported to not reported |
| Aug 5, 2021 | Guidance: domestic_operations_liquidity | not reported to 11.60 |
| Jul 29, 2026 | mda_quarterly | MGM Resorts International reported a 1% revenue increase for the second quarter of 2026, driven by growth in its Las Vegas Strip Resorts and MGM Digital segments, which offset declines in Regional Operations and MGM China. Operating income rose 24% year-over-year, largely due to a $287 million gain from the sale of MGM Northfield Park, though this was partially tempered by a $111 million goodwill impairment charge within the MGM Digital segment. The company’s liquidity remains supported by $2.5 billion in cash and cash equivalents. Capital allocation remains focused on deleveraging and shareholder returns, with $262 million utilized for share repurchases during the first half of 2026. MGM continues to manage significant long-term obligations, including $6.1 billion in total debt and substantial annual rent payments under its triple net lease agreements with VICI Properties. A key strategic priority is the development of an integrated resort in Osaka, Japan, for which the company has committed approximately $2.1 billion in remaining funding. While the company maintains a strong presence in Las Vegas and Macau, it faces ongoing risks related to its high fixed-rent structure, regulatory compliance in international markets, and the competitive landscape of the digital gaming sector. |
| Apr 29, 2026 | mda_quarterly | Consolidated net revenues for the first quarter of 2026 increased 4% to $4.45 billion, though operating income fell 22% to $301 million. Revenue growth was primarily driven by MGM Digital, which rose 43% due to LeoVegas B2C expansion, and MGM China, which grew 9% on stronger main floor table games volume and win percentages. Conversely, Las Vegas Strip revenues remained flat, and overall profitability was pressured by higher payroll expenses, increased gaming taxes in China, and a decrease in business interruption insurance proceeds related to the September 2023 cybersecurity incident. In April 2026, the company completed the sale of MGM Northfield Park for $546 million, resulting in a $53 million reduction in annual cash rent. MGM continues to invest in the Osaka integrated resort, with approximately $2.1 billion in funding remaining through 2028. The balance sheet reflects $2.3 billion in cash and $6.4 billion in long-term debt, with annual contractual rent payments of $1.8 billion. Planned capital expenditures for the remainder of 2026 are projected between $780 million and $880 million. Adjusted EBITDA declined to $580 million from $637 million in the prior year quarter, reflecting these margin pressures. |
Source: SEC EDGAR filing text and events; period Jul 29, 2026; filed Jul 29, 2026.
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