MGM plans $2bn annual Osaka investment in 2027 and 2028

MGM Resorts International reported a 1% year-on-year fall in consolidated revenue to $4.2 billion in the third quarter of 2026, as weaker Las Vegas Strip results offset growth elsewhere. Net loss narrowed to $17 million from $285 million a year earlier, while adjusted EBITDA declined to $403 million from $506 million. CEO Bill Hornbuckle attributed pressure on Las Vegas results partly to higher travel costs.

Consolidated revenue at MGM Resorts International came in at $4.2 billion for the third quarter of 2026, a drop of 1% compared with the same period a year before. Gains elsewhere in the business were not enough to counter softer results on the Las Vegas Strip. The net loss shrank to $17 million, down from $285 million in the prior-year quarter, and adjusted EBITDA moved from $506 million to $403 million.