All posts tagged: Resorts

MGM Resorts reports profit growth in Q4 2025, despite Las Vegas concerns

MGM Resorts reports profit growth in Q4 2025, despite Las Vegas concerns

Published by skeptic

MGM Resorts International reported solid financial results for the fourth quarter and full year 2025, driven by revenue increases across key business segments and strong cash returns from strategic investments. The company released its earnings after the market closed Thursday, detailing improved earnings and expanded performance in digital and international operations. In the quarter ended December 31, 2025, MGM Resorts posted consolidated net revenues of $4.6 billion, up 6 % from the prior year, and net income attributable to the company of $294 million, an 87 % increase compared to the same quarter in 2024. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached $635 million, a 20 % year-over-year rise. Diluted earnings per share for the quarter were $1.11, while adjusted earnings per share climbed to $1.60. “MGM Resorts once again saw the benefit of a diversified operational strategy, delivering Consolidated Adjusted EBITDA growth of 20 % in the fourth quarter despite headwinds in Las Vegas,” said Bill Hornbuckle, president and CEO of MGM Resorts International, in the company’s press release. MGM Resorts …

MGM Resorts extends branding deal as MGM China strengthens Macau performance

MGM Resorts extends branding deal as MGM China strengthens Macau performance

Published by skeptic

MGM Resorts International has signed a new long-term branding deal with MGM China Holdings, strengthening the partnership as MGM China continues to post solid financial results. The updated agreement kicks in on January 1, 2026, and will run through the end of Macau’s current gaming concession in 2032. If Macau grants another concession after that, the deal will automatically extend until either that new concession ends or December 31, 2045, whichever comes first. Under the new terms, MGM China will pay a higher monthly license fee, increasing from 1.75% to 3.5% of its adjusted consolidated net monthly revenue, calculated under IFRS standards. The fee will be capped annually based on factors like business volume, in line with Hong Kong Stock Exchange rules. MGM Resorts will receive about two-thirds, or 66.6%, of that fee. MGM China branding agreement will no longer need to be hammered out One big change is that the agreement no longer needs to be renegotiated every three years. That gives MGM China long-term brand stability, while MGM Resorts secures ongoing compensation for …

Here’s when the season starts at California’s top ski resorts

Here’s when the season starts at California’s top ski resorts

Published by Sam Flores

Distance from Los Angeles: A two-hour drive. Note: SR-38 to/from Redlands is closed until further notice because of a major washout. Plan accordingly by using alternate routes and allowing more time to get to and from the mountains. Projected season opening date: Thanksgiving, weather permitting What makes it special: This resort consists of two areas: Bear Mountain and Snow Summit. With more than 200 park features, 12-foot and 18-foot halfpipes, canyon terrain and the largest beginner area in Southern California, Bear Mountain is often filled with both kids and hardcore snowboarders. Snow Summit is more traditional, attracting families, novice and intermediate skiers and riders, but it still has more than 20 runs and its own terrain park, Westridge. What’s new this season: Priority lift access will be offered with the BBMR Reserve in two versions: daily and seasonal. The Ikon Pass Lounge at Snow Summit is a new private space for groups of up to eight, bookable only by Ikon Pass or Ikon Base Pass holders. Amenities include catering, premium demo rentals (if needed), priority …