MGM Resorts Eyes European Profits to Fund Brazil Expansion

United States.- 31 July 2026 www.zonadeazar.com MGM Resorts International expects the growth and future profitability of its European digital operations to help finance further investment in Brazil and other international markets.

The company outlined the strategy after reporting record consolidated revenue of USD 4.5 billion for the second quarter of 2026, representing a 1% year-on-year increase. Net income attributable to MGM Resorts reached USD 292 million, compared with USD 49 million in the corresponding 2025 period.

News Details

During an investor presentation, MGM Resorts Chief Commercial Officer and President Gary Fritz said the European business was positioning itself to achieve significant operating leverage and substantial levels of profitability during 2027.

Those profits could partly fund the company’s remaining growth investments, with Brazil accounting for the majority of the opportunities currently in view. MGM is also assessing expansion possibilities in other international jurisdictions.

MGM Resorts entered the European digital market directly through its acquisition of LeoVegas in 2022. The Swedish group’s infrastructure now supports BetMGM operations in jurisdictions including the United Kingdom, Ireland, the Netherlands, Sweden and Denmark.

MGM’s Brazilian digital operation also uses LeoVegas technology and capabilities, including its Tiger sportsbook platform.

Industry Context

The quarterly figures reflected mixed performance across MGM’s divisions. Its Las Vegas Strip resorts generated revenue of USD 2.2 billion, up 3% year on year, while segment adjusted EBITDAR also increased by 3% to USD 735 million.

Strip casino revenue rose by 17% to USD 536 million, supported by stronger table-game results. However, room revenue declined by 2%, with both average daily rate and revenue per available room falling by 4%.

Regional operations generated revenue of USD 924 million, down 4%, although same-store revenue excluding disposed properties increased by 3%. MGM China reported broadly flat revenue of approximately USD 1.1 billion, while adjusted EBITDAR declined by 15% to USD 257 million.

MGM Digital, which comprises LeoVegas and other consolidated digital subsidiaries but excludes the North American BetMGM joint venture, increased revenue by 20% to USD 196 million. The division nevertheless recorded an adjusted EBITDAR loss of USD 31 million.

Statements

MGM Resorts President and CEO Bill Hornbuckle said the quarter demonstrated the strength of the group’s diversified portfolio, supported by record consolidated revenue, consecutive growth in Las Vegas and a 20% increase at MGM Digital.

Gary Fritz said the expected development of MGM’s European business would give the company the ability to partly self-fund its investments in Brazil and other jurisdictions through profits generated by established operations.

Next Steps or Impact

The strategy reinforces LeoVegas’ importance within MGM Resorts’ international expansion. Europe is becoming not only an operational market but also a potential source of capital for projects in jurisdictions offering higher growth potential.

Brazil will remain a priority despite rising political and regulatory pressure on the betting industry. MGM will need to balance its investment plans against possible tax increases, tighter advertising controls and proposals to restrict online casino games.

MGM Resorts will also continue investing in MGM Osaka, the integrated resort scheduled to open in Japan in 2030. At the same time, the company is maintaining its shareholder-return programme, having repurchased approximately four million shares for USD 164 million during the second quarter.

Edited by: @_fonta