MGM Resorts posts $4.3bn in Q3 revenue, up by 2% year-over-year

• A newly released financial report discloses details regarding the performance of MGM Resorts during the third quarter of 2025
• The company's revenue increased by 2% year-over-year to $4.3bn for the three months ended September 30, 2025
• MGM China and MGM Digital posted exceptional results, recording revenue increases of 17% and 23% respectively

The leading gaming, hospitality and entertainment company, MGM Resorts International, released its latest financial results for the quarter ended September 30, 2025.

In its report, the company highlighted strong revenues and the accomplishment of strategic objectives.

Casino revenue jumps by 8% year-over-year in Q3

In the third quarter of this year, MGM Resorts consolidated net revenues hit $4.3bn, a result that points to a 2% increase when compared to the corresponding quarter in the prior year.

The company confirmed that the revenue increase comes as a direct result of an uptick in the net revenues reported by MGM China.

A breakdown of the latest unaudited results shows that the largest share of the $4.3bn in revenue came from the MGM Resorts' casino operations.

Per the Q3 2025 financial results, the company's casino revenue increased to $2.3bn, up by more than 8% when compared to the $2.12bn figure from the same period in 2024.

Unlike the strong growth in the casino revenue segment, MGM Resorts' rooms revenue recorded a dip in Q3 this year.

During the third quarter of 2024, the company reported rooms revenue of $883.6m. In contrast, during the latest trading period, the rooms revenue halted to $795.2m.

Similarly, food and beverage revenues in Q3 this year decreased slightly to $748.6m, while the revenues from entertainment, retail and other operations also dipped slightly to $412.6m.

Bill Hornbuckle, MGM Resorts' CEO and President, spoke with excitement about the latest financial results, Casino Guru News learned from a press release.

"MGM Resorts delivered another quarter of consolidated net revenue growth as we benefit from our operational scale and diversity, highlighted by record third quarter results from MGM China," he said.

Finally, Hornbuckle said: "The BetMGM North American venture reported accelerated growth in 3Q25, increasing full year guidance for the second consecutive quarter and announcing cash distributions to MGM Resorts beginning in 4Q25. The initial distribution to MGM is expected to be at least $100m, proving significant progress on the growth, profitability, and free cash flow generation of the business."

Only recently, MGM Resorts confirmed it reached an agreement to sell the operations of MGM Northfield Park.

Several factors impact Strip revenues, MGM China revenue records strong growth

According to MGM Resorts' latest financial report, its Las Vegas Strip resorts were responsible for the lion's share of the $4.3bn in total revenue reported in Q3.

In total, the company's Las Vegas revenues were $2.0bn during the latest financial quarter, a figure that points to a 7% year-over-year decrease.

MGM Resorts explained that the decrease in Las Vegas Strip resorts revenues is the result of the room remodel at MGM Grand Las Vegas, along with a dip in RevPAR, as well as "a decrease in table games win percentage, and a decrease in food and beverage revenue."

MGM Resorts' regional operations revenues increased slightly from $952m in Q3 2024 to $957m in Q3 this year.

The strongest growth came from MGM China, with its revenues increasing by 17% year-over-year to $929m during the latest financial period.

Last but not least, MGM Digital also posted strong growth in Q3 this year, with its revenue increasing by 23% year-over-year to $174m.

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