2 publishers · first seen Wed, 28 Oct 2026 23:02 UTC · updated Thu, 29 Oct 2026 14:08 UTC
MGM Resorts International reported a decline in revenue and profits from its Las Vegas operations in the third quarter of 2026, with Strip revenue falling 2 percent to $1.95 billion and segment adjusted earnings before interest, taxes, depreciation, amortization and rent dropping 12 percent to $531 million. Room revenue declined 6 percent to $622 million as average daily rates fell 8 percent to $218, while casino revenue rose 8 percent to $488 million.
Company executives attributed the weaker performance to higher airfares and gasoline prices, which pressured leisure travelers' budgets, with airline pricing to Las Vegas estimated 45 percent higher than a year earlier. Occupancy remained steady at 89 percent, and revenue per available room fell 8 percent to $193. Executives noted improvement in October, citing strong casino activity and convention business, and expressed hope for recovery in November due to events like Formula One.
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