MGM Resorts International released its 2024 Annual Report and 2025 Proxy Statement, highlighting an exceptional year with record consolidated net revenues. The company achieved all-time high annual domestic slot win, hotel revenue, and food & beverage revenue.
The report detailed the continued evolution of Las Vegas as a sports and entertainment capital, with events like Super Bowl LVIII and the Las Vegas Grand Prix driving significant economics. The Marriott partnership exceeded expectations, bringing a new customer base and higher room rates at lower acquisition costs.
MGM China achieved its best-ever full-year Segment Adjusted EBITDAR, with market share over 16% by year-end, and debuted new non-gaming experiences like Macau2049 and the Poly Art Museum. BetMGM drove over $2 billion in top line for the year, with positive EBITDA anticipated in 2025, and MGM Digital is scaling in new markets like Brazil, a $7 billion opportunity.
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