MGM Posts Record Q1 Net Revenues in Latest Reports
MGM Resorts International has posted its financial and operating results for the first quarter of 2026. The gambling giant is marking record consolidated net revenues for Q1. That’s helped in part by the sale of its MGM Northfield Park racino.
In a financial report ending March 31, MGM also boasts a year-over-year increase for its Las Vegas Strip resorts. Those include MGM Grand, ARIA, and Bellagio. It’s the first time since Q3 2024 that the group's Las Vegas resorts have posted a year-over-year net revenue increase.
At a Glance:
- Net revenues of $4.5 billion, marking a 4% year-over-year increase
- First year-over-year increase for Vegas resorts in 18 months
- BetMGM helps drive digital profits for US gambling giant
- MGM Northfield Park sale rakes in $546 million this month
Year-over-year increase of 4%
MGM reported consolidated net revenues of $4.5 billion across all of its assets. The Las Vegas Strip resorts alone netted $2.2 billion for January to March of 2026.
Additionally, MGM China and MGM Digital helped to lift the company’s spirits. The company's China operation runs two Macau properties in the city and on the Cotai Strip. MGM Digital, which reported $183 million in net revenues for Q1, offers online gaming (though not BetMGM North America).
Bill Hornbuckle, President and CEO of MGM Resorts International, cited the performance of the company’s Las Vegas resorts in his statement:
“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."
$546M Northfield Park deal boosts MGM’s bankroll
The gambling giant bolstered its balance sheet by selling its Northfield Park racino. Though the sale to Clairvest Group Inc. was announced last fall, it only completed this month.
The deal is worth $546 million and marks the 14th such land-based sale for the private equity group.
"The proceeds [of Northfield Park] provide MGM Resorts with incremental liquidity to be deployed in line with our priorities of maintaining a strong balance sheet, including the return of capital to shareholders through share repurchases," added CFO Jonathan Halkyard.
Sluggish Vegas traffic sparks rethink
MGM Resorts has been on a marketing drive in Las Vegas as it fights sluggish footfall. There was a 5% drop in casino revenue year-over-year, with midweek room occupancy “a challenge”, according to Hornbuckle.
The group has introduced all-inclusive packages as part of a drive to attract new customers. Launched earlier this month, bundles include accommodation, resort fees, meals, show tickets, and even roller coaster tickets.
BetMGM continues to lead the way online in the US
BetMGM also reported year-over-year increases as it continues to perform well in the North American market.
It operates regulated sportsbooks in 20+ states and was among the first to launch mobile sports betting in Washington, D.C., and Missouri. The Show-Me State enjoyed its best month for sports betting revenue since launching legal online betting in December 2025.
Plus, it runs a legal online casino in four states, including Michigan, New Jersey, and Pennsylvania. BetMGM is now one of the country’s most recognizable online gambling brands, covering poker, casino, and sportsbook.
