MGM Resorts International posted record consolidated revenue of $4.5 billion for the second quarter ended June 30, 2026, a 1% increase over the prior year period, driven by a second consecutive quarter of year-over-year gains at its Las Vegas Strip Resorts and an all-time best same-store quarter for its Regional Operations. For hospitality operators and foodservice vendors doing business across the company's 30 global properties, the headline number underscores the continued resilience of experiential dining and entertainment spending at large-scale integrated resorts.
F&B and Hotel Performance
Food and beverage revenue reached $802 million in the quarter, up from $778 million in Q2 2025, a gain of roughly 3%. Room revenue on the Las Vegas Strip came in at $717 million, with occupancy holding steady at 93% — though average daily rate slipped 4% to $242 and RevPAR declined 4% to $224 compared to the prior year quarter. The Strip segment overall generated $2.2 billion in revenue, up 3%, with Segment Adjusted EBITDAR rising to $735 million from $710 million. Those metrics matter to restaurant and hospitality operators supplying or leasing space within MGM's resort footprint, as stable high-occupancy properties sustain consistent F&B foot traffic and per-cover volumes.
Regional and Digital Bright Spots
Regional Operations posted same-store revenue of $904 million, up 3% against the prior year when stripping out the April 2026 disposition of MGM Northfield Park — the basis for the company's claim of an all-time same-store quarterly record. On a reported basis, Regional revenue fell 4% to $924 million, reflecting the property sale. MGM Digital, which encompasses the LeoVegas interactive gaming business, grew revenue 20% to $196 million, though the segment continued to operate at a loss. Net income attributable to MGM Resorts reached $292 million, compared with $49 million in Q2 2025, while consolidated Adjusted EBITDA came in at $610 million versus $648 million a year earlier. The divergence between stronger net income and lower EBITDA reflects a significant property transaction gain recognized in the quarter. CFO Jonathan Halkyard noted that capital allocation targeted Segment Adjusted EBITDAR growth across the Las Vegas luxury portfolio and market share gains at MGM China. For those tracking large-scale hospitality investment patterns, MGM's continued commitment to its Las Vegas luxury tier signals ongoing demand for premium dining, beverage, and entertainment programming at that end of the market. The company also confirmed its MGM Osaka integrated resort development remains on track for a 2030 opening, a project that will eventually create one of the largest hospitality and foodservice footprints in Asia.
Written by Michael Politz, Author of Guide to Restaurant Success: The Proven Process for Starting Any Restaurant Business From Scratch to Success (ISBN: 978-1-119-66896-1), Founder of Food & Beverage Magazine, the leading online magazine and resource in the industry. Designer of the Bluetooth logo and recognized in Entrepreneur Magazine's "Top 40 Under 40" for founding American Wholesale Floral, Politz is also the Co-founder of the Proof Awards and the CPG Awards and a partner in numerous consumer brands across the food and beverage sector.
