Source link : https://las-vegas-news.com/las-vegas-tourism-slump-hits-strip-revenues-but-mgm-resorts-secures-growth-through-china/
Las Vegas Strip Faces Headwinds (Image Credits: Pixabay)
Las Vegas – A sharp decline in tourism challenged the city’s resort operators in 2025, yet MGM Resorts International posted overall revenue gains buoyed by robust international operations.[1][2]
Las Vegas Strip Faces Headwinds
The Las Vegas Strip resorts segment recorded net revenues of $8.4 billion in 2025, marking a 4% decrease from $8.8 billion the previous year.[1] Segment adjusted EBITDAR fell 8% to $2.9 billion from $3.1 billion.[1] This downturn coincided with a 7.5% drop in citywide visitation to 38.5 million visitors, the lowest since 2021.[3]
Executives pointed to softer leisure travel, economic pressures, and disruptions from the MGM Grand renovation, which sidelined 700 to 1,000 rooms and cost $65 million in lost business.[2] Hotel metrics reflected the strain, with revenue per available room down and occupancy slipping to 91% in the fourth quarter.[1] Still, the company achieved record full-year slot win on the Strip, fueled by luxury properties.[2]
MGM China Delivers Double-Digit Surge
MGM China’s operations shone brightly, generating $4.5 billion in net revenues, an 11% rise from $4.0 billion in 2024.[1] Adjusted EBITDAR climbed 11% to $1.2 billion.[1] The fourth quarter proved particularly strong, with revenues up 21% and EBITDAR increasing 30%, propelled by a 23% jump in casino revenue.[1]
This performance underscored the value of MGM’s diversified portfolio, as premium mass gaming in…
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Author : Matthias Binder
Publish date : 2026-02-06 08:09:00
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