{"id":9038,"date":"2025-05-01T06:03:13","date_gmt":"2025-05-01T06:03:13","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/05\/01\/mgm-resorts-reports-mixed-q1-numbers-with-focus-on-share-buybacks\/"},"modified":"2025-05-01T06:03:13","modified_gmt":"2025-05-01T06:03:13","slug":"mgm-resorts-reports-mixed-q1-numbers-with-focus-on-share-buybacks","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/05\/01\/mgm-resorts-reports-mixed-q1-numbers-with-focus-on-share-buybacks\/","title":{"rendered":"MGM Resorts Reports Mixed Q1 Numbers with Focus on Share Buybacks"},"content":{"rendered":"<div>\n<p>MGM Resorts kicked off 2025 with a mix of challenges and steady moves. While some segments recorded lower revenue compared to early 2024, the company stayed focused on its long-term strategy. CEO Bill Hornbuckle highlighted positive developments at BetMGM and confirmed that the operator remains on track with its cost efficiency goals for the year.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>MGM Resorts repurchased $494 million worth of stock in Q1 2025 and approved another $2 billion buyback plan.<\/strong><\/em><\/li>\n<li><em><strong>Las Vegas Strip and MGM China revenues declined, while digital and regional segments showed stability.<\/strong><\/em><\/li>\n<li><em><strong>Casino operations remained the largest contributor to company revenue.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>The Las Vegas Strip Resorts segment recorded $2.2 billion in revenue, a 3 percent drop from the same period in 2024. The company linked this decline to the Super Bowl boost that occurred in Las Vegas last year, which set a high comparison base. Adjusted EBITDA for the Strip operations fell by 2 percent to $811 million.<\/p>\n<p>MGM China also reported lower numbers, bringing in $1 billion in revenue for Q1 2025, down 3 percent year-over-year. EBITDA in the region dropped 5 percent to $286 million.<\/p>\n<p>Hornbuckle acknowledged the revenue pressure but maintained a confident outlook. <em>\u201cMGM Resorts achieved strong first quarter results across our portfolio in the face of the well anticipated comparison to last year\u2019s Super Bowl in Las Vegas, highlighted by a positive EBITDA performance at our BetMGM venture,\u201d<\/em> he said.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>He also pointed to the company\u2019s cost-saving strategy.<em> \u201cWe are well prepared for the remainder of 2025, and are making excellent progress on the implementation of $200m EBITDA enhancements that launched last year, and expect to exceed $150m in implementation in the year.\u201d<\/em><\/p>\n<p>While Strip and China operations faced year-over-year declines, MGM\u2019s Regional properties delivered a small EBITDA increase of 2 percent to $279 million. Revenue in that segment dropped by 1 percent to $900 million.<\/p>\n<p>The digital segment pulled in $128.1 million in revenue, up 0.4 percent from Q1 2024. However, BetMGM posted an operating loss of $15.2 million for the period.<\/p>\n<p>Casino operations remained the biggest revenue contributor, reaching $2.3 billion, which marked a modest 0.5 percent increase. Rooms brought in $863.4 million but fell nearly 10 percent from the previous year. Food and beverage held steady with a slight 0.1 percent gain to $770.2 million. Meanwhile, entertainment, retail, and other revenue streams pulled in $391.4 million, down over $25 million compared to the same quarter last year.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>On the shareholder side, MGM Resorts repurchased 15 million shares for $494 million during the quarter. Then on April 30, the Board of Directors approved a new $2 billion stock buyback plan, adding to the November 2023 program still in effect.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/mgm-resorts-q1-2025-financials\/\">MGM Resorts Reports Mixed Q1 Numbers with Focus on Share Buybacks<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts kicked off 2025 with a mix of challenges and steady moves. While some segments recorded lower revenue compared to early 2024, the company stayed focused on its long-term strategy. CEO Bill Hornbuckle highlighted positive developments at BetMGM and confirmed that the operator remains on track with its cost efficiency goals for the year. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9038","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9038"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9038\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}