MGM Resorts International reported iGaming and total consolidated Net Revenues of US$4.5 billion for the first quarter of 2026, representing a four percent increase compared to the same period last year, with growth supported in part by its digital operations.
Net income attributable to the company was US$125 million, down from US$149 million in Q1 2025, while consolidated adjusted EBITDA declined to US$580 million from US$637 million.
The results reflect mixed performance across segments, with growth in digital and regional operations offset by lower profitability in some land-based divisions.
The iGaming-focused MGM Digital segment generated net revenues of US$183 million, an increase of 43 percent, year-on-year, while reporting an adjusted EBITDAR loss of -US$26 million, compared to a -US$34 million loss in the prior year. The segment includes operations such as LeoVegas and other online gaming subsidiaries.
BetMGM
In addition, MGM’s BetMGM North America joint-venture with Entain, reported year-on-year increases in both Net Revenue and adjusted EBITDA.
MGM’s share of operating income from unconsolidated affiliates, including BetMGM, totalled US$10 million, compared to a loss in the prior year period.
Across land-based operations, Las Vegas Strip Resorts reported net revenues of US$2.2 billion, broadly flat year-on-year, while regional operations generated US$918 million, up two percent.
MGM China recorded revenue growth of nine percent to US$1.1 billion, reflecting continued recovery in that market.
The company also completed the sale of the operations of MGM Northfield Park for US$546 million in April 2026, as part of ongoing portfolio management activity.
Both Macau, Vegas Up
MGM’s results highlight the increasing contribution of iGaming and digital channels within the gaming giant’s overall business, with higher growth rates in online segments compared to traditional casino operations.
“We are pleased to report record 1Q consolidated net revenues driven primarily by MGM China and MGM Digital, as well as growth at our BetMGM North America Venture,” affirmed Bill Hornbuckle, President and CEO of MGM Resorts International in the Q1 statement.
“MGM Resorts’ Las Vegas Strip Resorts delivered comparable period quarterly top line growth for the first time in over a year and monthly net revenues that strengthened into March.
“Looking into the second quarter and beyond, we are seeing signs of strength driven by solid convention bookings, our newly launched all-inclusive promotion, and our recently refreshed rooms at the MGM Grand Las Vegas.”
