Insight
MGM Resorts' Las Vegas Strip properties saw an 11% year-over-year decline in non-gaming revenue in the fourth quarter of 2025.
MGM Resorts’ Las Vegas Revenue Dropped, But CEO Says Worst Is Over
Summary
MGM Resorts saw a decline in Las Vegas Strip revenue in 2025 due to softening leisure travel and fewer Canadian visitors. However, recent weeks indicate improving occupancy, signaling stabilization. While challenges remain with Canada and leisure travel, the company expects a positive financial exit in 2026. This data point helps hosts monitor local market health.
Key takeaway