Las Vegas Gaming

restructuring

“The decrease was due primarily to $256 million of goodwill impairment related to Empire City, $93 million of write-offs and impairments related to Empire City recorded within property transactions, net, and an increase in gaming taxes incurred primarily at MGM China, partially offset by an increase in net revenues discussed above.”

MGM 10-Q

credit / rates affecting interest expense

“25 March 31, 2026 December 31, 2025 Balance Sheet (In thousands) Current assets $ 2,917,738 $ 3,086,445 Intercompany debt due from non-guarantor subsidiaries 3,053,651 3,000,104 Other long-term assets 27,493,375 27,668,633 Other current liabilities 2,074,740 2,201,703 Intercompany debt due to non-guarantor subsidiaries 2,198,733 2,198,874 Other long-term liabilities 28,588,710 28,641,498 Three Months Ended March 31, 2026 Income Statement (In thousands) Net revenues $ 2,724,066 Operating income 169,779 Intercompany interest income 72,110 Intercompany interest expense (60,469) Income before income taxes 92,863 Net income 67,099 Net income attributable to MGM Resorts International 55,457 Liquidity and Capital Resources Cash Flows Operating activities.”

MGM 10-Q

credit / rates

“Borrowings and Repayments of Long-term Debt During the nine months ended September 30, 2025, we had net repayments of debt of $210 million, which primarily consisted of the repayment of MGM China’s $500 million of aggregate principal amount of 5.25% notes due 2025 upon maturity, partially offset by net borrowings of $290 million on MGM China’s revolving credit facility.”

MGM 10-Q