MGM Resorts International

Company facts

Industry

Hotels & Motels

Headquarters

Las Vegas, Nevada

Most recent report

10-Q, filed Jul 29, 2026

Incorporated

Delaware

Filings on record

1,009+ filings

On EDGAR

CIK 789570

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 0 positive, 7 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Core financial statements and notes with key results, impairment, and divestiture.
  Notable

  • Goodwill impairment of $111M recorded in MGM Digital segment.
  • MGM China refinanced: repaid $750M 5.875% notes due 2026, issued $750M 6.25% notes due 2033.
  • MGM Osaka funding commitment: ~$2.1B (JPY335.9B) remains to be funded; property pledged as collateral.

• Management's Discussion (Item 2)

  MD&A with sale, impairment, segment declines, and refinancing details.
  Notable

  • Cash from operations fell to $1.1 billion in H1 2026 from $1.2 billion in H1 2025.
  • Share repurchases slowed to $262 million in H1 2026 from $717 million in H1 2025.
  • MGM Osaka remaining commitment about $2.1 billion, funded through 2028.
  • Variable rate debt cut to 11% of total from 16% as of March 2026, lowering interest-rate risk.
  Negative

  • Goodwill impairment of $111 million in Q2 2026, fully non-cash but a real charge.
  • MGM China Segment Adjusted EBITDAR down 15% in Q2 2026, margin fell to 23.3% from 27.1%.
  • MGM Digital EBITDAR loss widened to $31 million in Q2 2026 from $26 million, revenue up but costs rose faster.

What changed: Jun 2026 vs. Mar 2026

About 14% of MGM's Jun 2026 10-Q is new information. 39 paragraphs were added, 112 changed, and 19 removed. Below are the most important lines SECSift identified.

• Item 2 59
• Item 1 47
• Item 6 7
• Item 4 2
• Item 5 1