MGM Resorts Reports Q3 2026 Results Highlighting iGaming Growth and Japan Expansion
MGM Resorts (MGM) reported third-quarter 2026 earnings characterized by steady revenues and flat occupancy, despite facing headwinds from rising travel costs in Las Vegas. Management emphasized a strategic focus on capital allocation through share repurchases and the development of its flagship resort project in Osaka, Japan. The company expects to deploy approximately $1 billion annually through 2028 to meet funding commitments for the Japanese venture. A key driver of digital growth remains iGaming, which currently accounts for nearly 70% of net revenue from operations. This segment provides a buffer against volatility in the broader sports betting market. Looking forward, leadership anticipates stabilized leisure demand driven by an improving event calendar in Las Vegas and continued international expansion.
Coverage
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