Source link : https://las-vegas-news.com/mgm-ceos-vegas-optimism-sparks-local-skepticism/
Recent Earnings Fuel Debate on Recovery (Image Credits: Pixabay)
Las Vegas – A pointed letter published in the Las Vegas Review-Journal has challenged the upbeat forecasts from MGM Resorts International’s leadership amid ongoing tourism challenges on the Strip.[1]
Recent Earnings Fuel Debate on Recovery
MGM Resorts reported strong fourth-quarter and full-year 2025 results last week, with consolidated net revenues reaching $4.6 billion in the final quarter and net income attributable to the company surging to $294 million.[2] Executives highlighted global portfolio strength, particularly in regional operations and digital segments, as drivers of growth.
However, performance on the Las Vegas Strip told a different story. Earnings before interest, taxes, depreciation, amortization, and rent (EBITDAR) for Las Vegas declined 4 percent year-over-year in the fourth quarter.[3] CEO Bill Hornbuckle expressed confidence in a rebound, stating the company remains well-positioned to capitalize on an improved outlook for 2026.[4]
Hornbuckle and other resort leaders, including Boyd Gaming’s Keith Smith, pointed to a temporary economic dip. They predicted visitation would return to 2024 record levels as Las Vegas weathers the slowdown through superior hospitality.[4]
Letter Questions True Path to Profitability
Eric Weinmann, a Las Vegas resident, penned a letter questioning the substance behind MGM’s optimism. He argued that margin improvements stemmed not from expansion or…
—-
Author : Matthias Binder
Publish date : 2026-02-10 22:13:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8