MGM Resorts International has posted its Q2 2023 report, showing a consolidated net revenue total of $3.9bn.
Its overall revenue for Q2 2023 is up on Q2 2019’s $3.22bn figure, meaning Q2 2022’s net revenue of $3.26bn was the year that MGM recovered from the pandemic, with Q2 2023 now proving that MGM has stabilised its income.
MGM’s revenue is comprised of three divisions, Las Vegas, US regional operations and MGM China. Breaking down its $3.9bn figure, the Las Vegas Strip remains by far the largest market for MGM, recording $2.15bn in revenue – slightly up from the $2.14bn it made in Q2 2022.
The graph below shows MGM’s Las Vegas revenue from Q2 2020 to Q2 2023; what can be seen is a stabilisation of revenue in the US gambling hub over the course of Q2 2022 and Q2 2023, following the effects of the pandemic in 2020.
Its overall revenue for Q2 2023 is up on Q2 2019’s $3.22bn figure, meaning Q2 2022’s net revenue of $3.26bn was the year that MGM recovered from the pandemic, with Q2 2023 now proving that MGM has stabilised its income.
MGM’s revenue is comprised of three divisions, Las Vegas, US regional operations and MGM China. Breaking down its $3.9bn figure, the Las Vegas Strip remains by far the largest market for MGM, recording $2.15bn in revenue – slightly up from the $2.14bn it made in Q2 2022.
The graph below shows MGM’s Las Vegas revenue from Q2 2020 to Q2 2023; what can be seen is a stabilisation of revenue in the US gambling hub over the course of Q2 2022 and Q2 2023, following the effects of the pandemic in 2020.
