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MGM Resorts: What’s Driving The Next Big Push Across Macau, Las Vegas & Online Gaming?

MGM Resorts International reported consolidated net revenue growth exceeding 4% in the first quarter of 2026, driven primarily by improvements in Las Vegas, digital operations, and its China segment. Las Vegas net revenues grew year-over-year for the first time in over a year despite strong prior leisure comparables, supported by robust group and convention business including notable citywide events like CES and CON/AGG. The company highlighted record convention average daily rates and banquet revenue, with expectations for continued momentum and a modest increase in convention room night mix in the second quarter. In pursuit of innovation and value, MGM introduced an all-inclusive bundled experience targeting value-conscious customers, which has shown steady momentum and attracted a significant proportion of first-time Las Vegas visitors. Regional operations maintained stable market share and demonstrated modest top-line growth despite challenges such as weather disruptions and increased operating costs.