October 28, 2026 - 4:02 pm

MGM Resorts International’s Las Vegas operations reported lower revenue and profits in the third quarter as declining room rates offset stronger casino results, though company executives said October was showing signs of improvement.

Strip revenue fell 2 percent year over year to $1.95 billion for the three months ended Sept. 30, according to public filings with the U.S. Securities and Exchange Commission. Segment adjusted earnings before interest, taxes, depreciation, amortization and rent fell 12 percent to $531 million.

Casino revenue rose 8 percent to $488 million, helped by stronger table-game and slot-machine results. But room revenue declined 6 percent to $622 million as average daily room rates fell 8 percent to $218. Revenue per available room, an industry measure that combines rates and occupancy, also fell 8 percent to $193.…