MGM Resorts International
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of MGM Resorts International (MGM). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2022 |
|---|---|
| Las Vegas Strip Resorts | $8.40B 65.2% |
| Regional Operations | $3.82B 29.6% |
| MGM China | $673.6M 5.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| United States | $12.32B 93.9% | $12.58B 77.8% · +2.1% | $12.66B 73.5% · +0.7% | $12.41B 70.8% · -2.0% |
| China | $673.7M 5.1% | $3.15B 19.5% · +368.1% | $4.02B 23.3% · +27.5% | $4.46B 25.5% · +11.0% |
| Other | $133.4M 1.0% | $433.6M 2.7% · +225.0% | $555.2M 3.2% · +28.0% | $662.0M 3.8% · +19.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Casino | $2.87B 55.6% | $5.36B 55.4% · +86.7% | $5.73B 43.7% · +6.9% | $8.09B 50.0% · +41.0% | $8.79B 51.0% · +8.6% | $9.45B 53.9% · +7.6% |
| Rooms | $830.4M 16.1% | $1.69B 17.5% · +103.5% | $3.06B 23.3% · +80.9% | $3.50B 21.7% · +14.5% | $3.68B 21.4% · +5.2% | $3.38B 19.3% · -8.3% |
| Food and beverage | $696.0M 13.5% | $1.39B 14.4% · +99.9% | $2.60B 19.8% · +87.1% | $2.89B 17.9% · +11.0% | $3.08B 17.9% · +6.5% | $3.05B 17.4% · -1.1% |
| Entertainment, retail and other | $519.0M 10.1% | $1.01B 10.4% · +94.5% | $1.73B 13.2% · +71.6% | $1.68B 10.4% · -2.8% | $1.69B 9.8% · +0.6% | $1.66B 9.5% · -1.8% |
| Reimbursed costs | $244.9M 4.7% | $226.1M 2.3% · -7.7% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.