MGM Resorts International (MGM) 10-K23 Feb 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($) $ in Billions	12 Months Ended
Cover - USD ($) $ in Billions	Dec. 31, 2023	Feb. 21, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-10362
Entity Registrant Name	MGM Resorts International
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-0215232
Entity Address, Address Line One	3600 Las Vegas Boulevard South
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89109
City Area Code	702
Local Phone Number	693-7120
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	MGM
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 12.3
Entity Common Stock, Shares Outstanding		319,678,271
Documents Incorporated by Reference	Portions of the Registrant’s definitive Proxy Statement for its 2024 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Entity Central Index Key	0000789570

Audit Information

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	Las Vegas, Nevada
Auditor Firm ID	34

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 2,927,833	$ 5,911,893
Accounts receivable, net	929,135	852,149
Inventories	141,678	126,065
Income tax receivable	141,444	73,016
Prepaid expenses and other	770,503	583,132
Assets held for sale	0	608,437
Total current assets	4,910,593	8,154,692
Property and equipment, net	5,449,544	5,223,928
Other assets
Investments in and advances to unconsolidated affiliates	240,803	173,039
Goodwill	5,165,694	5,029,312
Other intangible assets, net	1,724,582	1,551,252
Operating lease right-of-use assets, net	24,027,465	24,530,929
Other long-term assets, net	849,867	1,029,054
Total other assets	32,008,411	32,313,586
Total assets	42,368,548	45,692,206
Current liabilities
Accounts and construction payable	461,718	369,817
Current portion of long-term debt	0	1,286,473
Accrued interest on long-term debt	60,173	83,451
Other accrued liabilities	2,604,177	2,236,323
Liabilities related to assets held for sale	0	539,828
Total current liabilities	3,126,068	4,515,892
Deferred income taxes, net	2,860,997	2,969,443
Long-term debt, net	6,343,810	7,432,817
Operating lease liabilities	25,127,464	25,149,299
Other long-term obligations	542,708	256,282
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests	33,356	158,350
Stockholders' equity
Common stock, $0.01 par value: authorized 1,000,000,000 shares, issued and outstanding 326,550,141 and 379,087,524 shares	3,266	3,791
Capital in excess of par value	0	0
Retained earnings	3,664,008	4,794,239
Accumulated other comprehensive income	143,896	33,499
Total MGM Resorts International stockholders' equity	3,811,170	4,831,529
Noncontrolling interests	522,975	378,594
Total stockholders' equity	4,334,145	5,210,123
Total liabilities and stockholders' equity	$ 42,368,548	$ 45,692,206

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	326,550,141	379,087,524
Common stock, outstanding (in shares)	326,550,141	379,087,524

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Total revenue	$ 16,164,249	$ 13,127,485	$ 9,680,140
Expenses
General and administrative	4,700,657	4,226,617	2,507,239
Corporate expense	512,399	479,118	422,777
Preopening and start-up expenses	415	1,876	5,094
Property transactions, net	(370,513)	(1,036,997)	(67,736)
Gain on REIT transactions, net	0	(2,277,747)	0
Gain on consolidation of CityCenter, net	0	0	(1,562,329)
Depreciation and amortization	814,128	3,482,050	1,150,610
Total expenses	14,210,648	11,527,900	7,486,264
Income (loss) from unconsolidated affiliates	(62,104)	(160,213)	84,823
Operating income	1,891,497	1,439,372	2,278,699
Non-operating income (expense)
Interest expense, net of amounts capitalized	(460,293)	(594,954)	(799,593)
Non-operating items from unconsolidated affiliates	(1,032)	(23,457)	(83,243)
Other, net	42,591	82,838	65,941
Total non-operating income (expense)	(418,734)	(535,573)	(816,895)
Income before income taxes	1,472,763	903,799	1,461,804
Provision for income taxes	(157,839)	(697,068)	(253,415)
Net income	1,314,924	206,731	1,208,389
Less: Net (income) loss attributable to noncontrolling interests	(172,744)	1,266,362	45,981
Net income attributable to MGM Resorts International	$ 1,142,180	$ 1,473,093	$ 1,254,370
Earnings per share
Basic (in dollars per share)	$ 3.22	$ 3.52	$ 2.44
Diluted (in dollars per share)	$ 3.19	$ 3.49	$ 2.41
Weighted average common shares outstanding
Basic (in shares)	354,926	409,201	481,930
Diluted (in shares)	358,627	412,993	487,356
Casino
Revenues
Total revenue	$ 8,087,917	$ 5,734,173	$ 5,362,912
Expenses
Expenses	4,316,547	2,746,576	2,551,169
Rooms
Revenues
Total revenue	3,500,926	3,057,145	1,690,037
Expenses
Expenses	1,017,650	937,272	600,942
Food and beverage
Revenues
Total revenue	2,891,483	2,604,238	1,391,605
Expenses
Expenses	2,153,795	1,905,625	1,034,780
Entertainment, retail and other
Revenues
Total revenue	1,638,183	1,686,236	1,009,503
Expenses
Expenses	1,019,830	1,017,817	617,635
Reimbursed costs
Revenues
Total revenue	45,740	45,693	226,083
Expenses
Expenses	$ 45,740	$ 45,693	$ 226,083

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 1,314,924	$ 206,731	$ 1,208,389
Other comprehensive income, net of tax:
Foreign currency translation	109,278	27,336	(24,655)
Cash flow hedges	0	37,692	34,788
Other	936	0	0
Other comprehensive income	110,214	65,028	10,133
Comprehensive income	1,425,138	271,759	1,218,522
Less: Comprehensive (income) loss attributable to noncontrolling interests	(172,562)	1,249,085	35,700
Comprehensive income attributable to MGM Resorts International	$ 1,252,576	$ 1,520,844	$ 1,254,222

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income	$ 1,314,924	$ 206,731	$ 1,208,389
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	814,128	3,482,050	1,150,610
Amortization of debt discounts, premiums and issuance costs	27,844	32,769	40,328
Loss on early retirement of debt	0	0	37
Provision for credit losses	48,984	22,738	21,852
Stock-based compensation	73,607	71,296	65,183
Property transactions, net	(370,513)	(1,036,997)	(67,736)
Foreign currency transaction loss	106,428	19,081	12,551
Gain on REIT transactions, net	0	(2,277,747)	0
Gain on consolidation of CityCenter, net	0	0	(1,562,329)
Noncash lease expense	516,120	437,603	188,917
Other investment losses (gains)	1,112	(12,430)	(28,417)
Loss (income) from unconsolidated affiliates	63,136	183,670	(1,580)
Distributions from unconsolidated affiliates	20,121	37,435	99,370
Deferred income taxes	(117,278)	496,189	241,947
Change in operating assets and liabilities:
Accounts receivable	(132,288)	(211,687)	(236,182)
Inventories	(15,524)	(26,627)	3,107
Income taxes receivable and payable, net	(58,493)	197,097	(30,444)
Prepaid expenses and other	(50,875)	(14,424)	(36,608)
Accounts payable and accrued liabilities	410,131	183,839	442,626
Other	39,213	(34,124)	(138,198)
Net cash provided by operating activities	2,690,777	1,756,462	1,373,423
Cash flows from investing activities
Capital expenditures	(931,813)	(765,067)	(490,697)
Dispositions of property and equipment	5,431	112,019	106,600
Proceeds from sale of operating resorts	460,392	1,054,313	0
Proceeds from repayment of principal on note receivable	152,518	0	0
Proceeds from real estate transactions	0	4,373,820	3,888,431
Acquisitions, net of cash acquired	(122,058)	(1,889,118)	(1,789,604)
Investments in unconsolidated affiliates	(161,040)	(254,786)	(226,889)
Distributions from unconsolidated affiliates	8,342	10,361	9,694
Investments and other	(125,947)	(523,361)	46,110
Net cash provided by (used in) investing activities	(714,175)	2,118,181	1,543,645
Cash flows from financing activities
Net borrowings (repayments) under bank credit facilities – maturities of 90 days or less	(1,097,306)	1,148,276	(2,096,217)
Issuance of long-term debt	0	0	749,775
Repayment of long-term debt	(1,285,600)	(1,070,340)	0
Debt issuance costs	(21,535)	(1,367)	(18,726)
Issuance of MGM Growth Properties Class A shares, net	0	0	792,851
Dividends paid to common shareholders	0	(4,048)	(4,789)
Distributions to noncontrolling interest owners	(177,093)	(210,699)	(324,190)
Repurchases of common stock	(2,291,917)	(2,775,217)	(1,753,509)
Other	(131,180)	(110,907)	(159,290)
Net cash used in financing activities	(5,004,631)	(3,024,302)	(2,814,095)
Effect of exchange rate on cash, cash equivalents, and restricted cash	(19,401)	8,926	(1,551)
Change in cash and cash equivalents classified as assets held for sale	25,938	(25,938)	0
Cash, cash equivalents, and restricted cash
Net change for the period	(3,021,492)	833,329	101,422
Balance, beginning of period	6,036,388	5,203,059	5,101,637
Balance, end of period	3,014,896	6,036,388	5,203,059
Supplemental cash flow disclosures
Interest paid, net of amounts capitalized	452,160	573,629	705,680
Federal, state and foreign income taxes paid, net	344,397	22,955	43,018
Gaming Subconcession \| MGM Grand Paradise
Non-cash financing activities
MGM Grand Paradise gaming concession intangible asset	226,083	0	0
MGM Grand Paradise gaming concession long-term obligation	$ 226,083	$ 0	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	MGM Springfield	Class A Shareholders MGM Growth Properties LLC	Total MGM Resorts International Stockholders' Equity	Total MGM Resorts International Stockholders' Equity MGM Springfield	Total MGM Resorts International Stockholders' Equity Class A Shareholders MGM Growth Properties LLC	Common Stock	Capital in Excess of Par Value	Capital in Excess of Par Value MGM Springfield	Capital in Excess of Par Value Class A Shareholders MGM Growth Properties LLC	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Class A Shareholders MGM Growth Properties LLC	Noncontrolling Interests	Noncontrolling Interests MGM Springfield	Noncontrolling Interests Class A Shareholders MGM Growth Properties LLC
Beginning balance (in shares) at Dec. 31, 2020							494,318,000
Beginning balance at Dec. 31, 2020	$ 11,179,908			$ 6,504,726			$ 4,943	$ 3,439,453			$ 3,091,007	$ (30,677)		$ 4,675,182
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,198,577			1,254,370							1,254,370			(55,793)
Currency translation adjustment	(24,655)			(13,871)								(13,871)		(10,784)
Cash flow hedges	34,788			13,723								13,723		21,065
Stock-based compensation	65,183			59,492				59,492						5,691
Issuance of common stock pursuant to stock-based compensation awards (in shares)							2,574,000
Issuance of common stock pursuant to stock-based compensation awards	(44,518)			(44,518)			$ 25	(44,543)
Cash distributions to noncontrolling interest owners	(250,910)		$ (82,294)											(250,910)		$ (82,294)
Dividends declared and paid to common shareholders	(4,789)			(4,789)							(4,789)
Repurchases of common stock (in shares)							(43,088,000)
Repurchases of common stock	(1,753,509)			(1,753,509)			$ (430)	(1,753,079)
Adjustment of redeemable noncontrolling interest to redemption value	(78,298)			(78,298)				(78,298)
MGP Class A share issuance			$ 759,535			$ 103,174				$ 99,934			$ 3,240			$ 656,361
Redemption of MGP OP units	(50,828)			176,659				171,332				5,327		(227,487)
MGM Springfield transaction		$ 38,905			$ (133,844)				$ (133,844)						$ 172,749
Other	(10,329)			(12,670)				(10,312)				(2,358)		2,341
Ending balance (in shares) at Dec. 31, 2021							453,804,000
Ending balance at Dec. 31, 2021	10,976,766			6,070,645			$ 4,538	1,750,135			4,340,588	(24,616)		4,906,121
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	197,228			1,473,093							1,473,093			(1,275,865)
Currency translation adjustment	27,336			34,268								34,268		(6,932)
Cash flow hedges	37,692			13,483								13,483		24,209
Stock-based compensation	71,296			65,700				65,700						5,596
Issuance of common stock pursuant to stock-based compensation awards (in shares)							1,688,000
Issuance of common stock pursuant to stock-based compensation awards	(27,025)			(27,025)			$ 17	(27,042)
Cash distributions to noncontrolling interest owners	(95,622)													(95,622)
Dividends declared and paid to common shareholders	(4,048)			(4,048)							(4,048)
Issuance of restricted stock units	2,127			1,941				1,941						186
Repurchases of common stock (in shares)							(76,404,000)
Repurchases of common stock	(2,775,217)			(2,775,217)			$ (764)	(1,759,059)			(1,015,394)
Adjustment of redeemable noncontrolling interest to redemption value	(31,888)			(31,888)				(31,888)
Deconsolidation of MGP	(3,173,626)			11,084								11,084		(3,184,710)
Other	$ 5,104			(507)				213				(720)		5,611
Ending balance (in shares) at Dec. 31, 2022	379,087,524						379,088,000
Ending balance at Dec. 31, 2022	$ 5,210,123			4,831,529			$ 3,791	0			4,794,239	33,499		378,594
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,314,311			1,142,180							1,142,180			172,131
Currency translation adjustment	109,278			109,461								109,461		(183)
Cash flow hedges	0
Stock-based compensation	73,451			70,775				70,775						2,676
Issuance of common stock pursuant to stock-based compensation awards (in shares)							1,787,000
Issuance of common stock pursuant to stock-based compensation awards	(31,829)			(31,829)			$ 18	(22,529)			(9,318)
Cash distributions to noncontrolling interest owners	(29,566)													(29,566)
Issuance of restricted stock units	1,701			1,701				1,701						0
Repurchases of common stock (in shares)							(54,325,000)
Repurchases of common stock	(2,313,968)			(2,313,968)			$ (543)	(50,332)			(2,263,093)
Adjustment of redeemable noncontrolling interest to redemption value	2,129			2,129				2,129
Other	$ (1,485)			(808)				(1,744)				936		(677)
Ending balance (in shares) at Dec. 31, 2023	326,550,141						326,550,000
Ending balance at Dec. 31, 2023	$ 4,334,145			$ 3,811,170			$ 3,266	$ 0			$ 3,664,008	$ 143,896		$ 522,975

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared and paid to common shareholders (in dollars per share)	$ 0.01	$ 0.01

ORGANIZATION

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Organization. MGM Resorts International, a Delaware corporation, (together with its consolidated subsidiaries, unless otherwise indicated or unless the context requires otherwise, the “Company”) is a global gaming and entertainment company with domestic and international locations featuring hotels and casinos, convention, dining, and retail offerings, and sports betting and online gaming operations. As of December 31, 2023, the Company’s domestic casino resorts include the following integrated casino, hotel and entertainment resorts in Las Vegas, Nevada: Aria (including Vdara), Bellagio, The Cosmopolitan of Las Vegas (“The Cosmopolitan”), MGM Grand Las Vegas (including The Signature), Mandalay Bay, Luxor, New York-New York, Park MGM, and Excalibur. The Company also operates MGM Grand Detroit in Detroit, Michigan, MGM National Harbor in Prince George’s County, Maryland, MGM Springfield in Springfield, Massachusetts, Borgata in Atlantic City, New Jersey, Empire City in Yonkers, New York, MGM Northfield Park in Northfield Park, Ohio, and Beau Rivage in Biloxi, Mississippi. Additionally, the Company operates The Park, a dining and entertainment district located between New York-New York and Park MGM. The Company leases the real estate assets of its domestic properties pursuant to triple-net lease agreements, as further discussed in Note 11. The Company has an approximate 56% controlling interest in MGM China Holdings Limited (together with its subsidiaries, “MGM China”), which owns MGM Grand Paradise, S.A. (“MGM Grand Paradise”). MGM Grand Paradise owns and operates MGM Macau and MGM Cotai, two integrated casino, hotel and entertainment resorts in Macau, as well as the related gaming concession and land concessions. The Company also owns LV Lion Holding Limited (“LeoVegas”), a consolidated subsidiary that has global online gaming operations headquartered in Sweden and Malta. Additionally, the Company and its venture partner, Entain plc, each have a 50% ownership interest in BetMGM, LLC (“BetMGM”), an unconsolidated affiliate, which provides online sports betting and gaming in certain jurisdictions in North America. The Company also has a 50% ownership interest in Osaka IR KK, an unconsolidated affiliate, which plans to develop an integrated resort in Osaka, Japan. Reportable segments.

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2023
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Principles of consolidation. The Company evaluates entities for which control is achieved through means other than voting rights to determine if it is the primary beneficiary of a variable interest entity (“VIE”). The Company consolidates its investment in a VIE when it determines that it is its primary beneficiary. Bellagio BREIT Venture (as defined in Note 11) and Osaka IR KK are VIEs in which the Company is not the primary beneficiary because it does not have power on its own to direct the activities that could potentially be significant to the ventures and, accordingly, does not consolidate the ventures. The Company may change its original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affect the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary. The Company performs this analysis on an ongoing basis . For entities determined not to be a VIE, the Company consolidates such entities in which the Company owns 100% of the equity. For entities in which the Company owns less than 100% of the equity interest, the Company consolidates the entity under the voting interest model if it has a controlling financial interest based upon the terms of the respective entities’ ownership agreements, such as MGM China. For these entities, the Company records a noncontrolling interest in the consolidated balance sheets and all intercompany balances and transactions are eliminated in consolidation. If the entity does not qualify for consolidation under the voting interest model and the Company has significant influence over the operating and financial decisions of the entity, the Company generally accounts for the entity under the equity method, such as BetMGM, which does not qualify for consolidation as the Company has joint control, given the entity is structured with substantive participating rights whereby both owners participate in the decision making process, which prevents the Company from exerting a controlling financial interest in such entity, as defined in Accounting Standards Codification (“ASC”) 810. For entities over which the Company does not have significant influence, the Company accounts for its equity investment under ASC 321. Reclassifications. Certain reclassifications have been made to conform the prior period presentation. Management’s use of estimates. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. These principles require the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair value measurements. Fair value measurements affect the Company’s accounting and impairment assessments of its long-lived assets, investments in unconsolidated affiliates or equity interests, assets acquired, and liabilities assumed in an acquisition, and goodwill and other intangible assets. Fair value measurements also affect the Company’s accounting for certain of its financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and is measured according to a hierarchy that includes: Level 1 inputs, such as quoted prices in an active market; Level 2 inputs, which are quoted prices for identical or comparable instruments or pricing using observable market data; or Level 3 inputs, which are unobservable inputs. The Company used the following inputs in its fair value measurements: • Level 1 inputs when measuring its equity investments recorded at fair value; • Level 2 inputs for its long-term debt fair value disclosures. See Note 9; • Level 1 and Level 2 inputs for its debt investments; and • Level 1, Level 2, and Level 3 inputs when assessing the fair value of assets acquired and liabilities assumed in acquisitions. See Note 4. Equity investments. Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $435 million and $461 million as of December 31, 2023 and 2022, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2023, the Company recorded a net loss on its equity investments of $26 million. For the years ended December 31, 2022 and 2021, the Company recorded a net gain on its equity investments of $10 million and $28 million, respectively. Debt investments. The Company’s investments in debt securities are classified as trading securities and recorded at fair value. Gains and losses are recorded in “Other, net” in the statements of operations. Debt securities are considered cash equivalents if the criteria for such classification is met or otherwise classified as short-term investments within “Prepaid expenses and other” since the investment of cash is available for current operations. The following tables present information regarding the Company’s debt investments: Fair value level December 31, 2023 2022 (In thousands) Cash and cash equivalents: Money market funds Level 1 $ 18,828 $ 12,009 Commercial paper Level 2 — 5,992 Cash and cash equivalents 18,828 18,001 Short-term investments: U.S. government securities Level 1 37,805 56,835 U.S. agency securities Level 2 9,804 9,530 Commercial paper and certificates of deposit Level 2 — 4,466 Corporate bonds Level 2 364,926 213,875 Asset backed securities Level 2 7,170 — Short-term investments 419,705 284,706 Total debt investments $ 438,533 $ 302,707 Cash and cash equivalents. Cash and cash equivalents consist of cash and highly liquid investments with maturities of 90 days or less at the date of purchase. The fair value of cash and cash equivalents approximates carrying value because of the short maturity of those instruments (Level 1). Restricted cash. MGM China’s pledged cash of $87 million and $124 million as of December 31, 2023 and 2022, respectively, securing the bank guarantees discussed in Note 12 is restricted in use and classified within “Other long-term assets, net.” Such amounts plus “Cash and cash equivalents” on the consolidated balance sheets equal “Cash, cash equivalents, and restricted cash” on the consolidated statements of cash flows as of December 31, 2023 and 2022. Accounts receivable and credit risk. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of casino receivables. The Company issues credit following assessments of creditworthiness. At December 31, 2023 and 2022, approximately 54% and 52%, respectively, of the Company’s gross accounts receivable related to casino receivables. Accounts receivable are typically non-interest bearing and are initially recorded at cost. Accounts are written off when management deems the account to be uncollectible. Recoveries of accounts previously written off are recorded when received. An estimated loss reserve is maintained to reduce the Company’s receivables to their net carrying amount, which approximates fair value. The loss reserve is estimated based on both a specific review of customer accounts as well as historical collection experience and current and expected future economic and business conditions. Management believes that as of December 31, 2023, no significant concentrations of credit risk existed for which a loss reserve had not already been recorded. Inventories. Inventories consist primarily of food and beverage, retail merchandise and operating supplies, and are stated at the lower of cost or net realizable value. Cost is determined primarily using the average cost method for food and beverage and operating supplies. Cost for retail merchandise is determined using the cost method. Property and equipment. Property and equipment are stated at cost. A significant amount of the Company’s property and equipment was acquired through business combinations and therefore recognized at fair value at the acquisition date. Gains or losses on dispositions of property and equipment are included in the determination of income or loss. Maintenance costs are expensed as incurred. Property and equipment are generally depreciated over the following estimated useful lives on a straight-line basis: Buildings and improvements 15 to 40 years Land improvements 10 to 20 years Furniture and fixtures 3 to 20 years Equipment 3 to 15 years The Company evaluates its property and equipment and other long-lived assets for impairment based on its classification as held for sale or to be held and used. Several criteria must be met before an asset is classified as held for sale, including that management with the appropriate authority commits to a plan to sell the asset at a reasonable price in relation to its fair value and is actively seeking a buyer. For assets held for sale, the Company recognizes the asset at the lower of carrying value or fair market value less costs to sell, as estimated based on comparable asset sales, offers received, or a discounted cash flow model. For assets to be held and used, the Company reviews for impairment whenever indicators of impairment exist. The Company then compares the estimated future cash flows of the asset group, on an undiscounted basis, to the carrying value of the asset group. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, then an impairment charge is recorded based on the fair value of the asset, typically measured using a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs. All recognized impairment losses, whether for assets held for sale or assets to be held and used, are recorded as operating expenses. In connection with the expiration of the MGM Grand Paradise gaming subconcession on December 31, 2022 as further discussed in Note 7, the casino areas of MGM Cotai and MGM Macau reverted, free of charge and without any encumbrances, to the Macau government, which is now the legal owner of the reverted gaming assets. On January 1, 2023 and in connection with the commencement of the gaming concession, the gaming assets were temporarily transferred to MGM Grand Paradise for the duration of the gaming concession in return for annual payments. As the Company will continue to operate the gaming assets in the same manner as under the gaming subconcession, obtain substantially all of the economic benefits, and bear all of the risks arising from the use of assets for the economic life of the assets, the Company will continue to recognize the reverted gaming assets within “Property and equipment” and depreciate the assets over their remaining estimated useful lives. Capitalized interest. The interest cost associated with major development and construction projects is capitalized and included in the cost of the project. When no debt is incurred specifically for a project, interest is capitalized on amounts expended on the project using the weighted average cost of the Company’s outstanding borrowings. Capitalization of interest ceases when the project is substantially complete, or development activity is suspended for more than a brief period. Investments in and advances to unconsolidated affiliates. The Company has investments in unconsolidated affiliates accounted for under the equity method. Under the equity method, carrying value is adjusted for the Company’s share of the investees’ earnings and losses, amortization of certain basis differences, as well as capital contributions to and distributions from these companies. Distributions in excess of equity method earnings are recognized as a return of investment and recorded as investing cash inflows in the accompanying consolidated statements of cash flows. The Company classifies operating income and losses as well as gains and impairments related to its investments in unconsolidated affiliates as a component of operating income or loss and classifies non-operating income or losses related to its investments in unconsolidated affiliates as a component of non-operating income or loss, as the Company’s investments in such unconsolidated affiliates are an extension of the Company’s core business operations. The Company evaluates its investments in unconsolidated affiliates for impairment whenever events or changes in circumstances indicate that the carrying value of its investment may have experienced an other-than-temporary decline in value. If such conditions exist, the Company compares the estimated fair value of the investment to its carrying value to determine if an impairment is indicated and determines whether the impairment is “other-than-temporary” based on its assessment of all relevant factors, including consideration of the Company’s intent and ability to retain its investment. The Company estimates fair value using a discounted cash flow analysis based on estimated future results of the investee and market indicators of terminal year capitalization rates, and a market approach that utilizes business enterprise value multiples based on a range of multiples from the Company’s peer group. Goodwill and other intangible assets. Goodwill represents the excess of purchase price over fair market value of net assets acquired in business combinations. Indefinite-lived intangibles consist of trademarks and certain of our gaming licenses. Goodwill and indefinite-lived intangible assets must be reviewed for impairment at least annually and between annual test dates in certain circumstances. The Company performs its annual impairment tests in the fourth quarter of each fiscal year. No material impairments were indicated or recorded as a result of the annual impairment review for goodwill and indefinite-lived intangible assets in 2023, 2022, and 2021. Accounting guidance provides entities the option to perform a qualitative assessment of goodwill and indefinite-lived intangible assets (commonly referred to as “step zero”) in order to determine whether further impairment testing is necessary. In performing the step zero analysis the Company considers macroeconomic conditions, industry and market considerations, current and forecasted financial performance, entity-specific events, and changes in the composition or carrying amount of net assets of reporting units for goodwill. In addition, the Company takes into consideration the amount of excess of fair value over carrying value determined in the last quantitative analysis that was performed, as well as the period of time that has passed since the last quantitative analysis. If the step zero analysis indicates that it is more likely than not that the fair value is less than its carrying amount, the entity would proceed to a quantitative analysis. Under the quantitative analysis, goodwill for relevant reporting units is tested for impairment using a discounted cash flow analysis based on the estimated future results of the Company’s reporting units discounted using market discount rates and market indicators of terminal year capitalization rates, and a market approach that utilizes business enterprise value multiples based on a range of multiples from the Company’s peer group. If the fair value of the reporting unit is less than its carrying value, an impairment charge is recognized equal to the difference. Under the quantitative analysis, license rights are tested for impairment using a discounted cash flow approach, and trademarks are tested for impairment using the relief-from-royalty method. If the fair value of an indefinite-lived intangible asset is less than its carrying amount, an impairment loss is recognized equal to the difference. Other intangible assets that have a finite life, including gaming rights in certain jurisdictions where the nature or extent of the renewal process is uncertain, customer lists, and technology, are amortized on a straight-line basis over their estimated useful lives. The Company reviews the carrying amount of its amortizing intangible assets for possible impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. When testing for impairment, the Company compares the estimated undiscounted cash flows of the asset group to its carrying value. If the estimated undiscounted cash flows exceed the carrying value, no impairments are recorded. If the undiscounted cash flows do not exceed the carrying values, an impairment is recorded. Note receivable. In February 2023, the secured note receivable related to the sale of Circus Circus Las Vegas and the adjacent land in December 2019 was repaid, prior to maturity, for $170 million, which approximated its carrying value on the date of repayment. As of December 31, 2022, the carrying value of the note receivable was $167 million and was recorded within “Other long-term assets, net” on the consolidated balance sheets. Accounts payable. As of December 31, 2023 and 2022, the Company had accrued $84 million and $80 million, respectively, for purchases of property and equipment within “Accounts and construction payable” on the consolidated balance sheets. Revenue recognition. The Company’s revenue from contracts with customers consists of casino wagers transactions, hotel room sales, food and beverage transactions, entertainment shows, and retail transactions. The transaction price for a casino wager is the difference between gaming wins and losses (“net win”). In certain circumstances, the Company offers discounts on markers, which is estimated based upon historical business practice, and recorded as a reduction of casino revenue. Commissions rebated to gaming promoters and VIP players at MGM China are also recorded as a reduction of casino revenue. The Company accounts for casino revenue on a portfolio basis given the similar characteristics of wagers by recognizing net win per gaming day versus on an individual wager basis. For casino wager transactions that include other goods and services provided by the Company to gaming patrons on a discretionary basis to incentivize gaming, the Company allocates revenue from the casino wager transaction to the good or service delivered based upon standalone selling price (“SSP”). Discretionary goods and services provided by the Company and supplied by third parties are recognized as an operating expense. For casino wager transactions that include incentives earned by customers under the Company’s loyalty programs, the Company allocates a portion of net win based upon the SSP of such incentive (less estimated breakage). This allocation is deferred and recognized as revenue when the customer redeems the incentive. When redeemed, revenue is recognized in the department that provides the goods or service. Redemption of loyalty incentives at third-party outlets are deducted from the loyalty liability and amounts owed are paid to the third party, with any discount received recorded as other revenue. After allocating revenue to other goods and services provided as part of casino wager transactions, the Company records the residual amount to casino revenue . The transaction price of rooms, food and beverage, and retail contracts is the net amount collected from the customer for such goods and services. The transaction price for such contracts is recorded as revenue when the good or service is transferred to the customer over their stay at the hotel or when the delivery is made for the food & beverage and retail & other contracts. Sales and usage-based taxes are excluded from revenues. For some arrangements, the Company acts as an agent in that it arranges for another party to transfer goods and services and the Company is not the controlling entity, which primarily include certain of the Company’s entertainment shows and, in certain jurisdictions, the Company’s arrangement with BetMGM for online sports betting and iGaming. The Company also has other contracts that include multiple goods and services, such as packages that bundle food, beverage, or entertainment offerings with hotel stays and convention services. For such arrangements, the Company allocates revenue to each good or service based on its relative SSP. The Company primarily determines the SSP of rooms, food and beverage, entertainment, and retail goods and services based on the amount that the Company charges when sold separately in similar circumstances to similar customers. Contract and Contract-Related Liabilities. There may be a difference between the timing of cash receipts from the customer and the recognition of revenue, resulting in a contract or contract-related liability. The Company generally has three types of liabilities related to contracts with customers: (1) outstanding chip liability, which represents the amounts owed in exchange for gaming chips held by a customer, (2) loyalty program obligations, which represents the deferred allocation of revenue relating to loyalty program incentives earned, and (3) customer advances and other, which is primarily funds deposited by customers before gaming play occurs (“casino front money”) and advance payments on goods and services yet to be provided such as advance ticket sales and deposits on rooms and convention space or for unpaid wagers. These liabilities are generally expected to be recognized as revenue within one year of being purchased, earned, or deposited and are recorded within “Other accrued liabilities” on the consolidated balance sheets. The following table summarizes the activity related to contract and contract-related liabilities: Outstanding Chip Liability Loyalty Program Customer Advances and Other 2023 2022 2023 2022 2023 2022 (In thousands) Balance at January 1 $ 185,669 $ 176,219 $ 183,602 $ 144,465 $ 816,376 $ 640,001 Balance at December 31 211,606 185,669 201,973 183,602 766,226 816,376 Increase / (decrease) $ 25,937 $ 9,450 $ 18,371 $ 39,137 $ (50,150) $ 176,375 The December 31, 2022 balances exclude liabilities related to assets held for sale. See Note 4. Reimbursed cost. Costs reimbursed pursuant to management services are recognized as revenue in the period it incurs the costs as this reflects when the Company performs its related performance obligation and is entitled to reimbursement. Reimbursed costs in 2021 related primarily to the Company’s management of CityCenter (such management agreement was terminated upon the acquisition of CityCenter in September 2021). Revenue by source. The Company presents the revenue earned disaggregated by the type or nature of the good or service (casino, room, food and beverage, and entertainment, retail and other) and by relevant geographic region within Note 17. Leases. The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. The Company classifies a lease with terms greater than twelve months as either operating or finance. At commencement, the right-of-use (“ROU”) assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. The initial measurement of ROU assets also includes any prepaid lease payments and are reduced by any previously accrued deferred rent. When available, such as for the Company’s triple-net operating leases for which the lessor has provided its implicit rate or provided the assumptions required for the Company to readily determine the rate implicit in the lease, the Company uses the rate implicit in the lease to discount lease payments to present value. However, for most of the Company’s leases, such as its ground subleases and equipment leases, the Company cannot readily determine the implicit rate. Accordingly, the Company uses its incremental borrowing rate to discount the lease payments for such leases based on the information available at the commencement date. Lease terms include options to extend or terminate the lease when it is reasonably certain that such option will be exercised. The Company’s triple-net operating leases each contain renewal periods at the Company’s option, each of which are not considered to be reasonably certain of being exercised. Many of the Company’s leases include fixed rental escalation clauses that are factored into the determination of lease payments. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. Refer to Note 11 for discussion of leases under which the Company is a lessee. The Company is a lessor under certain other lease arrangements. Lease revenues earned by the Company from third parties are classified within the line item corresponding to the type or nature of the tenant’s good or service. Lease revenues from third-party tenants include $78 million, $72 million and $43 million recorded within food and beverage revenue for 2023, 2022 and 2021, respectively, and $114 million, $118 million and $85 million recorded within entertainment, retail, and other revenue for the same such periods, respectively. Lease revenues from the rental of hotel rooms are recorded as rooms revenues within the consolidated statements of operations. Advertising. The Company expenses advertising costs as incurred. Advertising expense that primarily relates to media placement costs and which is generally included in general and administrative expenses, was $299 million, $235 million and $121 million for 2023, 2022 and 2021, respectively. Corporate expense. Corporate expense represents unallocated payroll, professional fees and various other expenses not directly related to the Company’s property operations. In addition, corporate expense includes the costs associated with the Company’s evaluation and pursuit of new business opportunities, which are expensed as incurred. Preopening and start-up expenses. Preopening and start-up costs, including organizational costs, are expensed as incurred. Costs classified as preopening and start-up expenses include payroll, outside services, advertising, and other expenses related to new or start-up operations. Property transactions, net. The Company classifies transactions such as write-downs and impairments, demolition costs, and normal gains and losses on the sale of assets as “Property transactions, net.” See Note 16 for a detailed discussion of these amounts. Redeemable noncontrolling interest. Noncontrolling interests with redemption features, such as put rights, that are not exclusively in the Company’s control, are considered redeemable noncontrolling interests. Redeemable noncontrolling interests are presented outside of stockholders’ equity within the mezzanine section of the accompanying consolidated balance sheets. The interests are initially accounted for at fair value and subsequently adjusted to the greater of the redemption value and carrying value (initial fair value adjusted for attributed net income (loss) and distributions, as applicable). The Company records such adjustments to capital in excess of par value. During 2023, 2022, and 2021, the Company purchased $138 million, $21 million, and $1 million of interests from its redeemable noncontrolling interest parties, respectively. Income per share of common stock. The table below reconciles basic and diluted income per share of common stock. Diluted net income attributable to common stockholders includes adjustments for redeemable noncontrolling interests. Diluted weighted average common and common equivalent shares include adjustments for potential dilution of stock-based awards outstanding under the Company’s stock compensation plan. Year Ended December 31, 2023 2022 2021 Numerator: (In thousands) Net income attributable to MGM Resorts International $ 1,142,180 $ 1,473,093 $ 1,254,370 Adjustment related to redeemable noncontrolling interests 2,128 (31,888) (78,298) Net income available to common stockholders - basic and diluted $ 1,144,308 $ 1,441,205 $ 1,176,072 Denominator: Weighted-average common shares outstanding - basic 354,926 409,201 481,930 Potential dilution from stock-based awards 3,701 3,792 5,426 Weighted-average common and common equivalent shares - diluted 358,627 412,993 487,356 Antidilutive stock-based awards excluded from the calculation of diluted earnings per share 353 603 198 Currency translation. The Company translates the financial statements of foreign subsidiaries that are not denominated in U.S. dollars. Balance sheet accounts are translated at the exchange rate in effect at each balance sheet date. Income statement accounts are translated at the average rate of exchange prevailing during the period. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Foreign currency transaction gain or loss from remeasurements are recorded to other non-operating income (expense). Accumulated other comprehensive income (loss). Comprehensive income (loss) includes net income (loss) and all other non-stockholder changes in equity, or other comprehensive income (loss). Elements of the Company’s accumulated other comprehensive income (loss) are reported in the consolidated statements of stockholders’ equity. Share repurchases. Shares repurchased pursuant to the Company’s share repurchase plans are retired upon purchase. The cost of the repurchases in excess of the aggregate par value of the shares reduces capital in excess of par value, to the extent available, with any residual cost applied against retained earnings. Recently issued accounting standards. In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07, “Improvements to Reportable Segment Disclosures,” (“ASU 2023-07”), which is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements . ASU 2023-07 provides for improved financial reporting by requiring disclosure of incremental segment information to enable investors to develop more decision-useful financial analyses. The Company is currently assessing the impact that adoption of this new accounting guidance will have on its consolidated financial statements and footnote disclosures. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Improvements to Income Tax Disclosures,” (“ASU 2023-09”), which is effective for annual periods beginning after December 15, 2024. ASU 2023-09 intends to enhance the transparency as well as usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid. The Company is currently assessing the impact that adoption of this new accounting guidance will have on its consolidated financial statements and footnote disclosures.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
ACCOUNTS RECEIVABLE, NET	Dec. 31, 2023
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	ACCOUNTS RECEIVABLE, NET Accounts receivable, net consisted of the following: December 31, 2023 2022 (In thousands) Casino $ 567,766 $ 500,986 Hotel 301,833 273,327 Other 190,012 191,102 1,059,611 965,415 Less: Loss reserves (130,476) (113,266) $ 929,135 $ 852,149 Loss reserves consisted of the following: Balance at Beginning of Period Expected Credit Losses Write-offs, Net of Recoveries Balance at End of Period Loss reserves: (In thousands) Year Ended December 31, 2023 $ 113,266 $ 48,984 $ (31,774) $ 130,476 Year Ended December 31, 2022 128,348 22,738 (37,820) 113,266 Year Ended December 31, 2021 $ 126,589 $ 21,852 $ (20,093) $ 128,348

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	12 Months Ended
ACQUISITIONS AND DIVESTITURES	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES Push Gaming acquisition. On August 31, 2023, LeoVegas acquired 86% of digital gaming developer, Push Gaming Holding Limited (“Push Gaming”) for total consideration of $145 million, which was preliminarily allocated, as of December 31, 2023, to $126 million of goodwill and $40 million of amortizable intangible assets. LeoVegas acquisition. On May 2, 2022, the Company commenced a public offer to the shareholders of LeoVegas to tender 100% of the shares at a price of SEK 61 in cash per share. On September 7, 2022, the Company completed its tender offer and acquired 65% of the outstanding shares of LeoVegas and, at the completion of an extended acceptance period on September 22, 2022, acquired an additional 2% of outstanding shares, for an aggregate cash tender price of $370 million. During the tender offer period, the Company had acquired 31% of outstanding shares in open market purchases that had an acquisition-date fair value of approximately $172 million. As the Company’s previous 31% ownership interest was accounted for at fair value, no gain or loss was recorded upon consolidation. The remaining outstanding shares, with a fair value of approximately $11 million based upon the tender price, were settled by the Company in cash in connection with squeeze-out proceedings during the second quarter of 2023. The acquisition provided the Company an opportunity to create a scaled global online gaming business. The Company recognized 100% of the assets, liabilities, and noncontrolling interests of LeoVegas at fair value at the date of the acquisition. The fair value of the acquired equity interests of LeoVegas was determined by the tender price and equaled $556 million, inclusive of cash settlement of equity awards. Under the acquisition method, the fair value was allocated to the assets acquired, liabilities assumed, and noncontrolling interests. T he Company estimated fair value using level 1 inputs, level 2 inputs, and level 3 inputs. The estimated fair values of the identified intangible assets were determined using methodologies under the income approach based on significant inputs that were not observable. The intangible assets include trademarks, which is an indefinite-lived intangible asset, and customer lists and technology, which are finite-lived intangibles that are amortized over each of their estimated useful lives of five years. Goodwill is primarily attributable to the profitability of LeoVegas in excess of identifiable assets and is not deductible for tax purposes. All of the goodwill was assigned to Corporate and other. The following table sets forth the purchase price allocation (in thousands): Cash and cash equivalents $ 93,407 Receivables and other current assets 36,872 Technology 109,027 Trademarks 144,374 Customer lists 126,526 Goodwill 288,367 Other long-term assets 19,181 Accounts payable, accrued liabilities, and other current liabilities (118,302) Debt (104,439) Other long-term liabilities (36,457) Noncontrolling interests (2,861) $ 555,695 The operating results for LeoVegas are included in the consolidated statements of operations from the date of acquisition. LeoVegas’s net revenue, operating loss, and net loss for the period from September 7, 2022 through December 31, 2022 were $133 million, $13 million, and $15 million, respectively. The Cosmopolitan acquisition. On May 17, 2022, the Company acquired 100% of the equity interests in the entities that own the operations of The Cosmopolitan for cash consideration of $1.625 billion plus working capital adjustments for a total purchase price of approximately $1.7 billion. The acquisition expanded the Company’s customer base and provided a greater depth of choices and experiences for guests in Las Vegas. The Company recognized 100% of the acquired assets and assumed liabilities at fair value at the date of the acquisition. Under the acquisition method, the fair value was allocated to the assets acquired and liabilities assumed in the transaction. The Company estimated fair value using level 1 inputs, level 2 inputs, and level 3 inputs. The estimated fair values of the identified intangible assets were determined using methodologies under the income approach based on significant inputs that were not observable. The intangible assets include trademarks, which is an indefinite-lived intangible asset, and customer lists, which is amortized over its estimated useful life of seven years. Goodwill, which is deductible for tax purposes, is primarily attributable to the profitability of The Cosmopolitan in excess of identifiable assets as well as expected synergies. All of the goodwill was assigned to the Las Vegas Strip Resorts segment. The following table sets forth the purchase price allocation (in thousands): Cash and cash equivalents $ 80,670 Receivables and other current assets 94,354 Property and equipment 120,912 Trademarks 130,000 Customer lists 95,000 Goodwill 1,289,468 Operating lease right-of-use-assets, net 3,404,894 Other long- term assets 23,709 Accounts payable, accrued liabilities, and other current liabilities (145,136) Operating lease liabilities (3,401,815) Other long-term liabilities (1,570) $ 1,690,486 The operating results for The Cosmopolitan are included in the consolidated statements of operations from the date of acquisition. The Cosmopolitan’s net revenue, operating income, and net income for the period from May 17, 2022 through December 31, 2022 were $783 million, $117 million and $117 million, respectively. CityCenter acquisition. On September 27, 2021, the Company acquired the 50% ownership interest in the holding company of Aria and Vdara, CityCenter Holdings, LLC (“CityCenter”), from Infinity World Development Corp, a wholly owned subsidiary of Dubai World, a Dubai, United Arab Emirates government decree entity, for cash consideration of $2.125 billion. Prior to the acquisition, the Company held a 50% ownership interest, which was accounted for under the equity method. Through the acquisition, the Company obtained 100% of the equity interests and, therefore, consolidated CityCenter as of September 27, 2021. The fair value of the equity interests was determined by the transaction price and equaled $4.25 billion. The carrying value of the Company’s equity method investment was less than its share of the fair value of CityCenter at the acquisition date, resulting in a net gain of $1.6 billion upon consolidation, which was recognized as “Gain on consolidation of CityCenter, net” on the consolidated statements of operations. On September 28, 2021, the Company sold the real estate assets of Aria and Vdara for cash consideration of $3.89 billion and entered into a lease agreement pursuant to which the Company leases back the real property. See Note 11 for discussion of the lease. CityCenter’s net revenue, operating income, and net income for the period from September 27, 2021 through December 31, 2021 were $367 million, $69 million, and $68 million, respectively. Unaudited pro forma information - CityCenter and The Cosmopolitan acquisitions. The following unaudited pro forma consolidated financial information for the Company has been prepared assuming the Company’s acquisition of its controlling interest of CityCenter had occurred as of January 1, 2020 and the acquisition of The Cosmopolitan had occurred as of January 1, 2021. The pro forma information excludes the gain on consolidation of CityCenter and does not reflect transactions that occurred subsequent to acquisition, such as the Aria and Vdara real estate sale-leaseback transaction or the repayment of CityCenter’s assumed debt. The unaudited pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of the indicated date. Pro forma results of operations for the LeoVegas and Push Gaming acquisitions have not been included because they are not material to the consolidated results of operations. Year Ended December 31, 2022 2021 (In thousands) Net revenues $ 13,550,304 $ 11,114,592 Net income attributable to MGM Resorts International 1,487,247 185,703 VICI Transaction. Prior to the closing of the VICI Transaction (defined below), MGM Growth Properties LLC (“MGP”) was a consolidated subsidiary of the Company. Substantially all of its assets were owned by and substantially all of its operations were conducted through MGM Growth Properties Operating Partnership LP (“MGP OP”). MGP had two classes of common shares: Class A shares and a single Class B share. The Company owned MGP’s Class B share, through which it held a controlling interest in MGP as it was entitled to an amount of votes representing a majority of the total voting power of MGP’s shares. The Company and MGP each held MGP OP units representing limited partner interests in MGP OP. Immediately prior to the VICI Transaction, the Company owned 41.5% of MGP OP units, and MGP held the remaining 58.5% ownership interest in MGP OP. Additionally, the Company had leased the real estate assets of The Mirage, Luxor, New York-New York, Park MGM, Excalibur, The Park, Gold Strike Tunica, MGM Grand Detroit, Beau Rivage, Borgata, Empire City, MGM National Harbor, MGM Northfield Park, and MGM Springfield from MGP OP. The Company also leased, and continues to lease, the real estate assets of Mandalay Bay and MGM Grand Las Vegas from subsidiaries of a venture that was 50.1% owned by a subsidiary of MGP OP at the time of the transaction (such venture, the “MGP BREIT Venture”). On April 29, 2022, VICI Properties, Inc. (“VICI”) acquired MGP in a stock-for-stock transaction (such transaction, the “VICI Transaction”). MGP Class A shareholders received 1.366 shares of newly issued VICI stock in exchange for each MGP Class A share outstanding and the Company received 1.366 units of VICI OP in exchange for each MGP OP unit held by the Company. The fixed exchange ratio represents an agreed upon price of $43 per share of MGP Class A share to the five-day volume weighted average price of VICI stock as of the close of business on July 30, 2021. In connection with the exchange, VICI OP redeemed the majority of the Company’s VICI OP units for cash consideration of $4.4 billion, with the Company retaining an approximate 1% ownership interest in VICI OP that had a fair value of approximately $375 million. MGP’s Class B share that was held by the Company was cancelled. Accordingly, the Company no longer held a controlling interest in MGP and deconsolidated MGP upon the closing of the transactions. Further, the Company entered into an amended and restated master lease with VICI as discussed in Note 11. The Mandalay Bay and MGM Grand Las Vegas lease remained unchanged. In connection with the transactions, the Company recognized a $2.3 billion gain recorded within “Gain on REIT transactions, net.” The gain reflects the fair value of consideration received of $4.8 billion plus the carrying amount of noncontrolling interest immediately prior to the transactions of $3.2 billion less the net carrying value of the assets and liabilities and accumulated comprehensive income derecognized of $5.7 billion. The Mirage transaction. On December 19, 2022, the Company completed the sale of the operations of The Mirage to an affiliate of Seminole Hard Rock Entertainment, Inc. for cash consideration of $1.075 billion, or $1.1 billion, net of purchase price adjustments and transaction costs. At closing, the master lease between the Company and VICI was amended to remove The Mirage and to reflect a $90 million reduction in annual cash rent. The Company recognized a $1.1 billion gain recorded within “Property transactions, net.” The gain reflects the fair value of consideration received of $1.1 billion less the net carrying value of the assets and liabilities derecognized of $28 million. The operations of The Mirage were not classified as discontinued operations because the Company concluded that the sale was not a strategic shift that had a major effect on the Company’s operations or its financial results and it did not represent a major geographic segment or product line. Gold Strike Tunica. On February 15, 2023, the Company completed the sale of the operations of Gold Strike Tunica to CNE Gaming Holdings, LLC, a subsidiary of Cherokee Nation Business, for cash consideration of $450 million, or $474 million, net of purchase price adjustments and transaction costs. At closing, the master lease between the Company and VICI was amended to remove Gold Strike Tunica and to reflect a $40 million reduction in annual cash rent. The Company recognized a $399 million gain recorded within “Property transactions, net.” The gain reflects the net cash consideration less the net carrying value of the assets and liabilities derecognized of $75 million. The operations of Gold Strike Tunica were not classified as discontinued operations because the Company concluded that the sale was not a strategic shift that had a major effect on the Company’s operations or its financial results and it did not represent a major geographic segment or product line. The major classes of assets and liabilities derecognized in connection with the VICI and The Mirage transactions in 2022 and the Gold Strike Tunica transaction in 2023 are as follows: VICI Transaction The Mirage Gold Strike Tunica (In thousands) Cash and cash equivalents $ 25,387 $ 26,230 $ 26,911 Accounts receivable, net — 22,062 2,466 Inventories — 6,783 1,087 Income tax receivable 5,486 — — Prepaid expenses and other 128 5,520 1,522 Property and equipment, net 9,250,519 26,724 21,300 Investments in and advances to unconsolidated affiliates 817,901 — — Goodwill — 10,249 40,523 Other intangible assets, net — 3,095 5,700 Operating lease right-of-use assets, net 236,255 1,316,086 507,231 Other long-term assets, net 3,991 5,377 1,251 Total assets $ 10,339,667 $ 1,422,126 $ 607,991 Accounts payable $ 1,136 $ 4,740 $ 1,657 Accrued interest on long-term debt 68,150 — — Other accrued liabilities 4,057 56,256 13,778 Deferred income taxes, net 1,284 — — Long-term debt, net 4,259,473 — — Operating lease liabilities 336,689 1,327,571 516,136 Other long-term obligations — 5,554 1,707 Total liabilities $ 4,670,789 $ 1,394,121 $ 533,278

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
PROPERTY AND EQUIPMENT, NET	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following: December 31, 2023 2022 (In thousands) Land $ 489,710 $ 438,954 Buildings, building improvements and land improvements 4,910,701 4,513,319 Furniture, fixtures and equipment 4,633,734 4,386,745 Construction in progress 506,242 647,256 10,540,387 9,986,274 Less: Accumulated depreciation (5,176,626) (4,912,917) Finance lease ROU assets, net 85,783 150,571 $ 5,449,544 $ 5,223,928

INVESTMENTS IN AND ADVANCES TO

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES	12 Months Ended
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES	INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES Investments in and advances to unconsolidated affiliates consisted of the following: December 31, 2023 2022 (In thousands) BetMGM (50%) $ — $ 31,760 Other 240,803 141,279 $ 240,803 $ 173,039 The Company’s share of losses of BetMGM in excess of its equity method investment balance is $5 million as of December 31, 2023. The Company recorded its share of income (loss) from unconsolidated affiliates, including adjustments for basis differences, as follows: Year Ended December 31, 2023 2022 2021 (In thousands) Income (loss) from unconsolidated affiliates $ (62,104) $ (160,213) $ 84,823 Non-operating items from unconsolidated affiliates (1,032) (23,457) (83,243) $ (63,136) $ (183,670) $ 1,580 The following table summarizes information related to the Company’s share of operating income (loss) from unconsolidated affiliates: Year Ended December 31, 2023 2022 2021 (In thousands) CityCenter (through September 26, 2021) $ — $ — $ 128,127 MGP BREIT Venture (through April 29, 2022) — 51,051 155,817 BetMGM (90,894) (234,464) (211,182) Other 28,790 23,200 12,061 $ (62,104) $ (160,213) $ 84,823 Refer to Note 4 for discussion of the acquisition and consolidation of CityCenter in September 2021. In connection with the VICI Transaction in April 2022, the Company deconsolidated MGP, and, accordingly, derecognized the assets and liabilities of MGP, which included MGP OP’s investment in MGP BREIT Venture. MGP BREIT Venture distributions. During the years ended December 31, 2022, and 2021, MGP OP received $32 million and $94 million, respectively, in distributions from MGP BREIT Venture. BetMGM contributions. During the years ended December 31, 2023, 2022, and 2021, the Company contributed $50 million, $225 million, and $225 million to BetMGM, respectively. CityCenter sale of Harmon land. In June 2021, CityCenter closed the sale of its Harmon land for $80 million on which it recorded a $30 million gain. The Company correspondingly recorded a $50 million gain, which included $15 million of its 50% share of the gain recorded by CityCenter and $35 million representing the reversal of certain basis differences. Other. During the year ended December 31, 2021, the Company recognized other-than-temporary impairment charges of $22 million within “Property transactions, net” in the consolidated statements of operations related to investments in unconsolidated affiliates previously classified within “Other” in the “Investments in and advances to unconsolidated affiliates” table above.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and other intangible assets consisted of the following: December 31, 2023 2022 (In thousands) Goodwill $ 5,165,694 $ 5,029,312 Indefinite-lived intangible assets: Trademarks $ 759,468 $ 754,431 Gaming rights and other 382,235 385,060 Total indefinite-lived intangible assets 1,141,703 1,139,491 Finite-lived intangible assets: MGM Grand Paradise gaming subconcession — 4,519,486 Less: Accumulated amortization — (4,519,486) — — Customer lists 306,627 283,232 Less: Accumulated amortization (107,082) (60,055) 199,545 223,177 Gaming rights 333,191 106,600 Less: Accumulated amortization (63,086) (33,316) 270,105 73,284 Technology and other 154,469 129,061 Less: Accumulated amortization (41,240) (13,761) 113,229 115,300 Total finite-lived intangible assets, net 582,879 411,761 Total other intangible assets, net $ 1,724,582 $ 1,551,252 Goodwill . A summary of changes in the Company’s goodwill is as follows: 2023 Balance at January 1 Acquisitions/Divestitures Reclassifications Currency exchange Balance at December 31 (In thousands) Las Vegas Strip Resorts $ 2,707,009 $ — $ — $ — $ 2,707,009 Regional Operations 660,940 — — — 660,940 MGM China 1,350,878 — — (1,522) 1,349,356 Corporate and other 310,485 125,612 — 12,292 448,389 $ 5,029,312 $ 125,612 $ — $ 10,770 $ 5,165,694 2022 Balance at January 1 Acquisitions Reclassifications Currency exchange Balance at December 31 (In thousands) Las Vegas Strip Resorts $ 1,427,790 $ 1,279,219 $ — $ — $ 2,707,009 Regional Operations 701,463 — (40,523) — 660,940 MGM China 1,351,744 — — (866) 1,350,878 Corporate and other — 288,367 — 22,118 310,485 $ 3,480,997 $ 1,567,586 $ (40,523) $ 21,252 $ 5,029,312 Refer to Note 4 for discussion on acquisitions, divestitures, and assets held for sale (reclassifications). MGM Grand Paradise gaming subconcession and gaming concession. Pursuant to the agreement dated April 19, 2005 between MGM Grand Paradise and SJM Resorts S.A. (formerly Sociedade de Jogos de Macau, S.A.), a gaming subconcession was acquired by MGM Grand Paradise for the right to operate casino games of chance and other casino games for a period commencing on April 20, 2005 through March 31, 2020. Pursuant to the then-existing Macau gaming law, upon reaching the maximum duration foreseen in the law (up to a maximum term of 20 years), the term of the concessions may be extended one or more times by order of the Chief Executive, which period may not exceed, in total, 5 years. In 2019, MGM Grand Paradise’s subconcession term was extended from March 31, 2020 to June 26, 2022, consistent with the expiration of the other concessionaires and subconcessionaires. On June 23, 2022, MGM Grand Paradise entered into an addendum to its subconcession pursuant to which its gaming subconcession was extended to December 31, 2022. In connection with the extension, MGM Grand Paradise paid the Macau government MOP 47 million (approximately $6 million). In June 2022, new Macau gaming law was enacted under which the existing subconcessions were discontinued and a maximum of six concessions were to be awarded for a term to be specified in the concession contract that may not exceed 10 years and which may be extended by three years under certain exceptional circumstances. The enactment of the new gaming law preceded the public tender for the awarding of new gaming concessions. On December 16, 2022, MGM Grand Paradise was awarded a ten-year concession contract to permit the operation of games of chance or other games in casinos in Macau which commenced on January 1, 2023. As the enactment of the new Macau gaming law in June 2022 provided for material changes to the legal form of gaming concessions in Macau, including discontinuing and prohibiting gaming subconcessions subsequent to their expiration, and also included material changes to the rights and obligations provided for under the new gaming concessions, the Company determined that the MGM Grand Paradise gaming subconcession and new gaming concession are two separate units of account. Further, as the material changes in the legal and regulatory environment could have an adverse effect on the value of MGM Grand Paradise’s gaming subconcession, the Company concluded that a triggering event had occurred under ASC 360 in June 2022 for the MGM China asset group. The Company compared the estimated undiscounted cash flows of the asset group to its carrying value and determined that the undiscounted cash flows significantly exceeded the carrying value and, therefore, no impairment was indicated. Additionally, in June 2022, the Company reassessed the useful life of the gaming subconcession intangible asset and determined that, given the new gaming law and the resulting changes described above, the useful life would no longer be based on the initial term of the MGM Cotai land concession, which ends in January 2038, and that the useful life should be revised to align with the cessation of the subconcession rights that occurred at the end of the contractual term of the gaming subconcession, which ended on December 31, 2022. Accordingly, amortization of the MGM Grand Paradise gaming subconcession was recognized on a straight-line basis over its reduced useful life. The gaming subconcession was fully amortized as of December 31, 2022. Pursuant to the gaming concession contract, MGM Grand Paradise is required, among other things, to pay a fixed annual premium and an annual variable premium based on the number of gaming tables and machines for the term of the gaming concession. Additionally, in connection with the expiration of the MGM Grand Paradise gaming subconcession on December 31, 2022, the casino areas of MGM Cotai and MGM Macau reverted, free of charge and without any encumbrances, to the Macau government, which became the legal owner of the reverted gaming assets. Upon the commencement of the gaming concession, the gaming assets were temporarily transferred to MGM Grand Paradise for the duration of the concession term in return for annual payments determined by square meters of the reverted casino areas. Accordingly, upon commencement of the gaming concession contract on January 1, 2023, MGM Grand Paradise recorded an intangible asset, included within “Gaming rights” above, of $226 million for the right to conduct gaming and operate the reverted gaming equipment and gaming areas and a corresponding liability for the in-substance consideration to be paid over the concession term for such rights, which is the unconditional obligation of the fixed and variable annual premiums, as well as the payments relating to the use of the reverted gaming assets . The initial value of the intangible asset and liability were measured as the present value of these payments based upon the approved number of gaming tables and slot machines, estimates of the Macau average price index, and square meters of the reverted casino areas, each as of January 1, 2023. The current portion of $7 million and noncurrent portion of $214 million of the remaining liability was recorded within “Other accrued liabilities” and “Other long-term liabilities,” respectively, in the consolidated balance sheets as of December 31, 2023. The gaming concession intangible asset is being amortized on a straight-line basis over the ten-year term of the gaming concession contract. The fully amortized gaming subconcession intangible asset was derecognized upon the expiration of the gaming subconcession and corresponding commencement of the gaming concession contract. Amortization expense. Amortization expense related to intangible assets was $103 million, $2.7 billion and $197 million for 2023, 2022, and 2021, respectively. As of December 31, 2023, estimated future amortization is as follows: Years ending December 31, (In thousands) 2024 $ 106,484 2025 104,587 2026 102,212 2027 83,819 2028 48,389 Thereafter 137,388 $ 582,879

OTHER ACCRUED LIABILITIES

OTHER ACCRUED LIABILITIES	12 Months Ended
OTHER ACCRUED LIABILITIES	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
OTHER ACCRUED LIABILITIES	OTHER ACCRUED LIABILITIES Other accrued liabilities consisted of the following: December 31, 2023 2022 (In thousands) Contract and contract-related liabilities: Outstanding chip liability $ 211,606 $ 185,669 Loyalty program obligations 201,973 183,602 Casino front money 249,877 265,565 Advance deposits and ticket sales 316,345 346,651 Unpaid wagers and other 200,004 204,160 Other accrued liabilities: Payroll and related 628,158 478,051 Taxes, other than income taxes 390,890 211,756 Operating lease liabilities - current (Refer to Note 11) 74,988 53,981 Finance lease liabilities - current (Refer to Note 11) 9,166 72,420 Other 321,170 234,468 $ 2,604,177 $ 2,236,323

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
LONG-TERM DEBT	Dec. 31, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consisted of the following: December 31, 2023 2022 (In thousands) MGM China first revolving credit facility $ 371,300 $ 1,249,744 MGM China second revolving credit facility — 224,313 LeoVegas senior notes, due 2023 — 36,580 6% senior notes, due 2023 — 1,250,000 5.375% MGM China senior notes, due 2024 750,000 750,000 6.75% senior notes, due 2025 750,000 750,000 5.75% senior notes, due 2025 675,000 675,000 5.25% MGM China senior notes, due 2025 500,000 500,000 5.875% MGM China senior notes, due 2026 750,000 750,000 4.625% senior notes, due 2026 400,000 400,000 5.5% senior notes, due 2027 675,000 675,000 4.75% MGM China senior notes, due 2027 750,000 750,000 4.75% senior notes, due 2028 750,000 750,000 7% debentures, due 2036 552 552 6,371,852 8,761,189 Less: Premiums, discounts, and unamortized debt issuance costs, net (28,042) (41,899) 6,343,810 8,719,290 Less: Current portion — (1,286,473) $ 6,343,810 $ 7,432,817 MGM China's senior notes due within one year of the December 31, 2023 balance sheet were classified as long-term as MGM China has both the intent and ability to refinance the current maturities on a long-term basis. Interest expense, net consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) Total interest incurred $ 463,175 $ 595,692 $ 800,156 Interest capitalized (2,882) (738) (563) $ 460,293 $ 594,954 $ 799,593 Senior secured credit facility. In November 2021, the Company terminated its previous revolving facility and entered into a new $1.675 billion revolving credit facility maturing in November 2026. The revolving credit facility bears interest of SOFR plus 1.50% to 2.25% determined by reference to a rent adjusted total net leverage ratio pricing grid. At December 31, 2023, no amounts were drawn. The Company's senior secured credit facility is guaranteed by each of the Company’s existing direct and indirect wholly-owned material domestic restricted subsidiaries, subject to certain exclusions. The senior secured credit facility is secured by a pledge of the equity in certain of the Company's domestic operating properties. Mandatory prepayments will be required upon the occurrence of certain events, including sales of certain assets, subject to certain exceptions. The Company’s senior secured credit facility also contains customary representations and warranties, events of default and positive and negative covenants. The Company was in compliance with its credit facility covenants at December 31, 2023. In February 2024, the Company amended its senior secured credit facility to increase the facility to $2.3 billion and extend the maturity date to February 2029. MGP OP senior secured credit facility. In April 2022, MGP OP senior secured credit facility was derecognized in connection with the deconsolidation of MGP as a result of the VICI Transaction. MGP OP was party to interest rate swaps to mitigate the effects of interest rate volatility inherent in its variable rate debt as well as forecasted debt issuances. In March 2022, MGP OP terminated its interest rate swap agreements. MGM China first revolving credit facility. At December 31, 2023, the MGM China first revolving credit facility consisted of a HK$9.75 billion (approximately $1.2 billion) unsecured revolving credit facility. The MGM China first revolving credit facility bears interest at a fluctuating rate per annum based on Hong Kong Interbank Offered Rate (“HIBOR”) plus 1.625% to 2.75%, as determined by MGM China’s leverage ratio. At December 31, 2023, the weighted average interest rate was 8.57%. In June 2023, MGM China amended its first revolving credit agreement, which extended the maturity date to May 2026. The MGM China first revolving credit facility contains customary representations and warranties, events of default, and positive, negative and financial covenants, including that MGM China maintains compliance with a maximum leverage ratio and a minimum interest coverage ratio. Due to the impact of the novel 2019 coronavirus (“COVID-19”), in February 2021, MGM China amended its first revolving credit agreement to provide for a waiver of its maximum leverage ratio and its minimum interest coverage ratio through the fourth quarter of 2022. In February 2022, MGM China further amended its first revolving credit facility to extend the financial covenant waivers through its previous maturity in May 2024. In connection with the June 2023 amendment, the financial covenants under the MGM China first revolving credit facility are waived through December 31, 2024 and become effective beginning on March 31, 2025. MGM China was in compliance with its applicable MGM China first revolving credit facility covenants at December 31, 2023. MGM China second revolving credit facility. At December 31, 2023, the MGM China second revolving credit facility consisted of a HK$4.6 billion (approximately $588 million) unsecured revolving credit facility with an option to increase the amount of the facility up to HK$5.85 billion (approximately $749 million) subject to certain conditions. The option to increase the amount of the facility was partially exercised in August 2023, increasing the facility by HK$205 million (approximately $26 million); in October 2023, increasing the facility by HK$1.17 billion (approximately $150 million); and in December 2023, increasing the facility by HK$100 million (approximately $13 million). At December 31, 2023, no amounts were drawn on the MGM China second revolving credit facility. In June 2023, MGM China amended its second revolving credit agreement, which extended the maturity date to May 2026, increased the amount to which MGM China may upsize the facility, and removed the requirement for the MGM China first revolving credit facility to be fully drawn prior to utilizing the MGM China second revolving credit facility. The MGM China second credit facility bears interest at a fluctuating rate per annum based on HIBOR plus 1.625% to 2.75%, as determined by MGM China’s leverage ratio. The MGM China second revolving credit facility contains customary representations and warranties, events of default, and positive, negative and financial covenants, including that MGM China maintains compliance with a maximum leverage ratio and a minimum interest coverage ratio. In February 2021, MGM China amended its second credit facility agreement to provide for a waiver of its maximum leverage ratio and its minimum interest coverage ratio through the fourth quarter of 2022. In February 2022, MGM China further amended its second revolving credit facility to extend the financial covenant waivers through its previous maturity in May 2024. In connection with the June 2023 amendment, the financial covenants under the MGM China second revolving credit facility are waived through December 31, 2024 and become effective beginning on March 31, 2025. MGM China was in compliance with its applicable MGM China second revolving credit facility covenants at December 31, 2023. LeoVegas revolving credit facility. Upon the Company’s acquisition of LeoVegas, the LeoVegas revolving credit facility consisted of a €40 million revolving facility, which was fully drawn. The LeoVegas revolving credit facility contained a change-of-control provision which required repayment of the facility within 60 days following a change-of-control event. As the Company’s acquisition of LeoVegas triggered the change-of-control provision, the revolving credit facility was fully repaid in November 2022. CityCenter senior credit facility. In connection with the CityCenter acquisition in 2021, the Company assumed $1.7 billion of CityCenter's indebtedness, which was repaid and extinguished in September 2021 with cash on hand. Senior notes. In March 2023, the Company repaid its $1.25 billion 6% notes due 2023 upon maturity. In March 2022, the Company repaid its $1.0 billion 7.75% notes due 2022 upon maturity. MGP OP senior notes. In April 2022, MGP OP senior secured credit facility and the senior notes of MGP OP were derecognized in connection with the deconsolidation of MGP as a result of the VICI Transaction. MGM China senior notes. In March 2021, MGM China issued $750 million in aggregate principal amount of 4.75% senior notes due 2027 at an issue price of 99.97%. LeoVegas senior notes. Upon the Company’s acquisition of LeoVegas in 2022, LeoVegas had senior unsecured notes of SEK 700 million (approximately $65 million) in aggregate principal outstanding with an option to increase the issuance to SEK 800 million (approximately $74 million). The senior unsecured notes contained change-of-control provisions which provided for the holders to request that all or a portion of the principal amount held be repurchased at a price of 101%, together with accrued interest, during a period following notice. In connection with the change-of-control provisions, an aggregate of SEK 319 million (approximately $30 million) of senior unsecured notes were repurchased in November and December 2022. In August 2023, LeoVegas repaid its remaining outstanding senior unsecured notes totaling SEK 382 million (approximately $36 million). Maturities of long-term debt. The maturities of the principal amount of the Company’s long-term debt as of December 31, 2023 are as follows: Year ending December 31, (In thousands) 2024 $ 750,000 2025 1,925,000 2026 1,521,300 2027 1,425,000 2028 750,000 Thereafter 552 $ 6,371,852 Fair value of long-term debt.

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recognizes deferred income tax assets, net of applicable reserves, related to net operating losses, tax credit carryforwards and certain temporary differences. The Company recognizes future tax benefits to the extent that realization of such benefit is more likely than not. Otherwise, a valuation allowance is applied. Income (loss) before income taxes for domestic and foreign operations consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) Domestic operations $ 1,214,888 $ 4,251,418 $ 2,094,324 Foreign operations 257,875 (3,347,619) (632,520) $ 1,472,763 $ 903,799 $ 1,461,804 The benefit (provision) for income taxes attributable to income (loss) before income taxes is as follows: Year Ended December 31, 2023 2022 2021 Federal: (In thousands) Current $ (259,128) $ (206,426) $ (8,984) Deferred (excluding separate components) (48,363) (678,371) (189,657) Deferred – valuation allowance change 153,768 5,346 (14,967) Other noncurrent 10,969 18,326 (14,262) Provision for federal income taxes (142,754) (861,125) (227,870) State: Current (24,931) (10,389) 5 Deferred (excluding separate components) 11,206 (33,878) (28,068) Deferred – operating loss carryforward (12,219) (15,442) (27,936) Deferred – valuation allowance change (2,140) (2,345) (601) Other noncurrent — — 13,260 Provision for state income taxes (28,084) (62,054) (43,340) Foreign: Current 223 (2,259) (3,717) Deferred (excluding separate components) 5,611 311,614 8,943 Deferred – operating loss carryforward (57,485) 6,331 5,793 Deferred – valuation allowance change 64,650 (89,575) 6,776 Benefit for foreign income taxes 12,999 226,111 17,795 $ (157,839) $ (697,068) $ (253,415) A reconciliation of the federal income tax statutory rate and the Company’s effective tax rate is as follows: Year Ended December 31, 2023 2022 2021 Federal income tax statutory rate 21.0 % 21.0 % 21.0 % Noncontrolling interest (0.1) (2.4) (3.2) Foreign income/losses taxed at other than U.S. statutory rate (3.6) 53.3 8.2 Federal valuation allowance (10.4) (0.6) 1.0 State taxes, net 1.5 5.5 2.3 Gain on consolidation of CityCenter, net — — (10.1) General business credits (1.2) (1.5) (0.3) Incremental U.S. tax on foreign earnings 2.4 — — Permanent and other items 1.1 1.8 (1.6) 10.7 % 77.1 % 17.3 % The tax-effected components of the Company’s net deferred tax liability are as follows: December 31, 2023 2022 Deferred tax assets – federal and state: (In thousands) Net operating loss carryforward $ 13,498 $ 23,151 Accruals, reserves and other 52,854 9,481 Lease liabilities 5,703,953 5,830,582 Tax credits 1,788,001 2,764,266 7,558,306 8,627,480 Less: Valuation allowance (1,598,291) (2,641,770) 5,960,015 5,985,710 Deferred tax assets – foreign: Net operating loss carryforward 141,201 198,686 Accruals, reserves and other 9,266 12,315 Property and equipment 33,944 32,585 Lease liabilities 1,270 1,219 185,681 244,805 Less: Valuation allowance (180,155) (244,805) 5,526 — Total deferred tax assets $ 5,965,541 $ 5,985,710 Deferred tax liabilities – federal and state: Property and equipment $ (389,854) $ (330,857) Investments in unconsolidated affiliates (584,448) (585,275) Investment in equity securities (2,234,754) (2,236,093) ROU assets (5,390,561) (5,612,241) Intangibles (197,893) (160,991) (8,797,510) (8,925,457) Deferred tax liabilities – foreign: Intangibles (29,028) (29,696) (29,028) (29,696) Total deferred tax liability (8,826,538) (8,955,153) Net deferred tax liability $ (2,860,997) $ (2,969,443) Deferred income tax valuation allowance consisted of the following: Balance at Beginning of Period Increase Decrease Balance at End of Period Deferred income tax valuation allowance: (In thousands) Year Ended December 31, 2023 $ 2,886,575 $ — $ (1,108,129) $ 1,778,446 Year Ended December 31, 2022 2,884,262 2,313 — 2,886,575 Year Ended December 31, 2021 2,875,595 8,667 — 2,884,262 The Company has recorded a valuation allowance of $1.6 billion on its foreign tax credit (“FTC”) carryover of $1.8 billion as of December 31, 2023, resulting in an FTC net deferred tax asset of approximately $200 million. The FTCs are attributable to the Macau Special Gaming Tax, which is 35% of gross gaming revenue in Macau. The Company believes payment of the Macau Special Gaming Tax qualifies as a tax paid in lieu of an income tax that is creditable against U.S. taxes. While the Company generally does not expect to generate new FTC carryovers after the year ended December 31, 2017, it will be able to utilize its existing FTC carryovers only to the extent it has active foreign source income during the applicable 10-year FTC carryforward period. Such foreign source income includes the recapture of overall domestic losses, which were fully utilized as of December 31, 2023. The Company relies on future U.S.-source operating income in assessing, future FTC realization during the applicable 10-year FTC carryover period. The FTC carryovers will expire if not utilized as follows: $780 million in 2024; $674 million in 2025; $134 million in 2026; and $200 million in 2027. The Company’s assessment of the realization of its FTC deferred tax asset is based on available evidence, including assumptions concerning future U.S. operating profits and foreign source income. As a result, significant judgment is required in assessing the possible need for a valuation allowance and changes to such assumptions could result in a material change in the valuation allowance with a corresponding impact on the provision for income taxes in the period including such change. Through the year ended December 31, 2022, MGM Grand Paradise was granted an extension of its exemption from the Macau 12% complementary tax on gaming profits (“Complementary Tax Exemption”). On January 29, 2024, MGM Grand Paradise was granted an extension of its Complementary Tax Exemption for the period of January 1, 2023 through December 31, 2027. The measurement of Macau deferred tax assets and liabilities as of December 31, 2023 was based on enacted law as of that date and assumed MGM Grand Paradise would pay the complementary tax on gaming profits for all periods beyond December 31, 2022. The impact of the retroactive Complementary Tax Exemption will be reflected in future periods. At December 31, 2023, gross foreign net operating loss carryforwards consisted primarily of a complementary tax net operating loss (“NOL”) carryforward of $1.1 billion at MGM Grand Paradise resulting from non-gaming operations that will expire if not utilized in years 2024 through 2026. The NOL carryforward is likely to increase by $0.4 billion as a result of the retroactive Complementary Tax Exemption. As of December 31, 2023, there is a $180 million valuation allowance on certain foreign deferred tax assets, which relates primarily to MGM Grand Paradise’s NOLs. The valuation allowance is likely to increase by approximately $50 million as a result of the retroactive Complementary Tax Exemption. The Company has gross NOLs in some of the states in which it operates that total $209 million as of December 31, 2023, which equates to deferred tax assets of $13 million after federal tax effect and before valuation allowance. The NOL carryforwards in most of the states will expire, if not utilized, between 2025 through 2042. Otherwise, the NOL carryforward can be carried forward indefinitely. The Company has provided a valuation allowance of $10 million on some of its state deferred tax assets for the NOLs described above. A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits is as follows: Year Ended December 31, 2023 2022 2021 (In thousands) Gross unrecognized tax benefits at January 1 $ 6,885 $ 19,568 $ 35,617 Gross increases - prior period tax positions 710 — 12,949 Gross decreases - prior period tax positions — (12,968) (13,388) Gross increases - current period tax positions 996 285 654 Settlements with Taxing Authorities — — (16,264) Gross unrecognized tax benefits at December 31 $ 8,591 $ 6,885 $ 19,568 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate was $9 million and $7 million at December 31, 2023 and 2022, respectively. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense, which were not material for each of the periods presented. The Company does not anticipate that the total amounts of unrecognized tax benefits at December 31, 2023 will change materially within the next twelve months. The Company files income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions, and foreign jurisdictions, although the income taxes paid in foreign jurisdictions are not material. As of December 31, 2023, other than adjustments resulting from the federal and state income tax audits discussed herein, the federal, state, and local tax jurisdictions in which the Company files tax returns generally cannot assess tax with respect to years ended prior to 2019. However, NOLs generated or utilized in earlier years may be subject to adjustment. The Company's 2015 through 2019 U.S. consolidated federal income tax returns are currently under examination by the IRS. Such examination is expected to close during 2024, and the Company does not anticipate any material adjustments

LEASES

LEASES	12 Months Ended
LEASES	Dec. 31, 2023
Leases [Abstract]
LEASES	LEASES The Company leases real estate, land underlying certain of its properties, and various equipment under operating and, to a lesser extent, finance lease arrangements. Real estate assets and land. The Company leases the real estate assets of its domestic properties pursuant to triple-net lease agreements, which are classified as operating leases. The triple-net structure of the leases requires the Company to pay substantially all costs associated with each property, including real estate taxes, insurance, utilities and routine maintenance (with each lease obligating the Company to spend a specified percentage of net revenues at the properties on capital expenditures), in addition to the annual cash rent. Each of the leases also requires the Company to comply with certain financial covenants, which, if not met, would require the Company to maintain cash security or provide one or more letters of credit in favor of the landlord in an amount equal to 6 months or 1 year of rent, as applicable to the circumstances, under the VICI lease, 1 year of rent under the Mandalay Bay and MGM Grand Las Vegas lease, the Aria and Vdara lease, and The Cosmopolitan lease, and 2 years of rent under the Bellagio lease. The Company was in compliance with its applicable covenants under its leases as of December 31, 2023. Bellagio lease . The Company leases the real estate assets of Bellagio from a venture in which it has a 5% ownership interest (the “Bellagio BREIT Venture”). The Bellagio lease commenced November 15, 2019 and has an initial term of 30 years with two 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 10 years and, thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3% during the 11th through 20th years and 4% thereafter. Annual cash rent payments for the fifth lease year that commenced on December 1, 2023 increased to $265 million as a result of the 2% fixed annual escalator. Mandalay Bay and MGM Grand Las Vegas lease . The Company leases the real estate assets of Mandalay Bay and MGM Grand Las Vegas from subsidiaries of VICI. The Mandalay Bay and MGM Grand Las Vegas lease commenced February 14, 2020 and has an initial term of 30 years with two 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 15 years and, thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3%. Annual cash rent payments for the fourth lease year that commenced on March 1, 2023 increased to $310 million as a result of the 2% fixed annual escalator. Aria and Vdara lease . The Company leases the real estate assets of Aria and Vdara from funds managed by The Blackstone Group, Inc. The Aria and Vdara lease commenced September 28, 2021 and has an initial term of 30 years with three 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 15 years, and thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3%. Annual cash rent payments for the third lease year that commenced on October 1, 2023 increased to $224 million as a result of the 2% fixed annual escalator. The VICI lease and ground subleases. The Company leases the real estate assets of Luxor, New York-New York, Park MGM, Excalibur, The Park, MGM Grand Detroit, Beau Rivage, Borgata, Empire City, MGM National Harbor, MGM Northfield Park, and MGM Springfield from VICI. The VICI lease commenced April 29, 2022 and has an initial term of 25 years, with three 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 10 years, and thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year subject to a cap of 3%. Additionally, the VICI lease provides VICI with a right of first offer with respect to any further gaming development by the Company on the undeveloped land adjacent to Empire City, which VICI may exercise should the Company elect to sell the property. Annual cash rent payments for the first lease year that commenced on April 29, 2022 was $860 million. In December 2022, in connection with the sale of the operations of The Mirage, the VICI lease was amended to remove The Mirage and to reflect a $90 million reduction in annual cash rent, thereby reducing the annual cash rent payments to $770 million. In February 2023, in connection with the sale of the operations of Gold Strike Tunica, the VICI lease was amended to remove Gold Strike Tunica and to reflect a $40 million reduction in annual cash rent, thereby reducing the annual cash rent payments to $730 million. The modifications resulted in reassessment of the lease classification and remeasurement of the VICI lease, with the lease continuing to be accounted for as an operating lease and $1.3 billion of net operating lease ROU and $1.3 billion of lease liabilities allocable to The Mirage were derecognized, and $507 million of net operating lease ROU and $516 million of lease liabilities allocable to Gold Strike Tunica were derecognized (see Note 4). Annual cash rent payments for the second lease year that commenced on May 1, 2023 increased to $745 million as a result of the 2% fixed annual escalator. The Company is required to pay the rent payments under the ground leases of the Borgata, Beau Rivage, and National Harbor through the term of the VICI lease. The ground subleases of Beau Rivage and National Harbor are classified as operating leases and the ground sublease of Borgata is classified as a finance lease. The Cosmopolitan lease. The Company leases the real estate assets of The Cosmopolitan from a subsidiary of Blackstone Real Estate Investment Trust, Inc. The Cosmopolitan lease commenced May 17, 2022 and has an initial term of 30 years with three 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 15 years, and thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3%. Annual cash rent payments for the second lease year that commenced on June 1, 2023 was $204 million. MGM China land concessions . MGM Grand Paradise has MGM Macau and MGM Cotai land concession contracts with the government of Macau, each with an initial 25-year contract term ending in April 2031 and January 2038, respectively, with a right to renew for further consecutive periods of 10 years, at MGM Grand Paradise’s option. The land leases are classified as operating leases. Other information: Components of lease costs and other information related to the Company’s leases are: Year Ended December 31, 2023 2022 2021 (In thousands) Operating lease cost, primarily classified within “General and administrative” (1) $ 2,306,640 $ 1,986,853 $ 870,779 Finance lease costs Interest expense (2) $ 9,899 $ 9,233 $ 2,354 Amortization expense 65,629 76,039 73,475 Total finance lease costs $ 75,528 $ 85,272 $ 75,829 (1) Operating lease cost includes $331 million for each of the years ended December 31, 2023, 2022, and 2021, related to the Bellagio lease, which is held with a related party. (2) For the year ended December 31, 2021, interest expense includes the effect of COVID-19 related rent concessions, which was recognized as negative variable rent expense. December 31, 2023 2022 (In thousands) Operating leases Operating lease ROU assets, net (1) $ 24,027,465 $ 24,530,929 Operating lease liabilities - current, classified within “Other accrued liabilities” $ 74,988 $ 53,981 Operating lease liabilities - long-term (2) 25,127,464 25,149,299 Total operating lease liabilities $ 25,202,452 $ 25,203,280 Finance leases Finance lease ROU assets, net, classified within “Property and equipment, net” $ 85,783 $ 150,571 Finance lease liabilities - current, classified within "Other accrued liabilities" $ 9,166 $ 72,420 Finance lease liabilities - long-term, classified within “Other long-term obligations” 85,391 88,181 Total finance lease liabilities $ 94,557 $ 160,601 Weighted average remaining lease term (years) Operating leases 25 26 Finance leases 22 14 Weighted average discount rate (%) Operating leases 7 7 Finance leases 6 5 (1) As of December 31, 2023 and 2022, operating lease right-of-use assets, net included $3.5 billion related to the Bellagio lease for each of the respective periods. (2) As of December 31, 2023 and 2022, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease for each of the respective periods. Year Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities (In thousands) Operating cash outflows from operating leases $ 1,802,577 $ 1,535,637 $ 669,681 Operating cash outflows from finance leases 6,332 6,654 4,761 Financing cash outflows from finance leases (1) 71,611 84,139 73,257 ROU assets obtained in exchange for new lease liabilities Operating leases $ 15,089 $ 15,538,208 $ 3,388,120 Finance leases 3,073 87,856 24,433 (1) Included within “Other” within “Cash flows from financing activities” on the consolidated statements of cash flows. Maturities of lease liabilities were as follows: Operating Leases Finance Leases Year ending December 31, (In thousands) 2024 $ 1,834,330 $ 15,835 2025 1,859,882 9,733 2026 1,886,090 7,158 2027 1,913,782 7,116 2028 1,941,940 7,036 Thereafter 48,942,392 128,194 Total future minimum lease payments 58,378,416 175,072 Less: Amount of lease payments representing interest (33,175,964) (80,515) Present value of future minimum lease payments 25,202,452 94,557 Less: Current portion (74,988) (9,166) Long-term portion of lease liabilities $ 25,127,464 $ 85,391
LEASES	LEASES The Company leases real estate, land underlying certain of its properties, and various equipment under operating and, to a lesser extent, finance lease arrangements. Real estate assets and land. The Company leases the real estate assets of its domestic properties pursuant to triple-net lease agreements, which are classified as operating leases. The triple-net structure of the leases requires the Company to pay substantially all costs associated with each property, including real estate taxes, insurance, utilities and routine maintenance (with each lease obligating the Company to spend a specified percentage of net revenues at the properties on capital expenditures), in addition to the annual cash rent. Each of the leases also requires the Company to comply with certain financial covenants, which, if not met, would require the Company to maintain cash security or provide one or more letters of credit in favor of the landlord in an amount equal to 6 months or 1 year of rent, as applicable to the circumstances, under the VICI lease, 1 year of rent under the Mandalay Bay and MGM Grand Las Vegas lease, the Aria and Vdara lease, and The Cosmopolitan lease, and 2 years of rent under the Bellagio lease. The Company was in compliance with its applicable covenants under its leases as of December 31, 2023. Bellagio lease . The Company leases the real estate assets of Bellagio from a venture in which it has a 5% ownership interest (the “Bellagio BREIT Venture”). The Bellagio lease commenced November 15, 2019 and has an initial term of 30 years with two 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 10 years and, thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3% during the 11th through 20th years and 4% thereafter. Annual cash rent payments for the fifth lease year that commenced on December 1, 2023 increased to $265 million as a result of the 2% fixed annual escalator. Mandalay Bay and MGM Grand Las Vegas lease . The Company leases the real estate assets of Mandalay Bay and MGM Grand Las Vegas from subsidiaries of VICI. The Mandalay Bay and MGM Grand Las Vegas lease commenced February 14, 2020 and has an initial term of 30 years with two 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 15 years and, thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3%. Annual cash rent payments for the fourth lease year that commenced on March 1, 2023 increased to $310 million as a result of the 2% fixed annual escalator. Aria and Vdara lease . The Company leases the real estate assets of Aria and Vdara from funds managed by The Blackstone Group, Inc. The Aria and Vdara lease commenced September 28, 2021 and has an initial term of 30 years with three 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 15 years, and thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3%. Annual cash rent payments for the third lease year that commenced on October 1, 2023 increased to $224 million as a result of the 2% fixed annual escalator. The VICI lease and ground subleases. The Company leases the real estate assets of Luxor, New York-New York, Park MGM, Excalibur, The Park, MGM Grand Detroit, Beau Rivage, Borgata, Empire City, MGM National Harbor, MGM Northfield Park, and MGM Springfield from VICI. The VICI lease commenced April 29, 2022 and has an initial term of 25 years, with three 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 10 years, and thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year subject to a cap of 3%. Additionally, the VICI lease provides VICI with a right of first offer with respect to any further gaming development by the Company on the undeveloped land adjacent to Empire City, which VICI may exercise should the Company elect to sell the property. Annual cash rent payments for the first lease year that commenced on April 29, 2022 was $860 million. In December 2022, in connection with the sale of the operations of The Mirage, the VICI lease was amended to remove The Mirage and to reflect a $90 million reduction in annual cash rent, thereby reducing the annual cash rent payments to $770 million. In February 2023, in connection with the sale of the operations of Gold Strike Tunica, the VICI lease was amended to remove Gold Strike Tunica and to reflect a $40 million reduction in annual cash rent, thereby reducing the annual cash rent payments to $730 million. The modifications resulted in reassessment of the lease classification and remeasurement of the VICI lease, with the lease continuing to be accounted for as an operating lease and $1.3 billion of net operating lease ROU and $1.3 billion of lease liabilities allocable to The Mirage were derecognized, and $507 million of net operating lease ROU and $516 million of lease liabilities allocable to Gold Strike Tunica were derecognized (see Note 4). Annual cash rent payments for the second lease year that commenced on May 1, 2023 increased to $745 million as a result of the 2% fixed annual escalator. The Company is required to pay the rent payments under the ground leases of the Borgata, Beau Rivage, and National Harbor through the term of the VICI lease. The ground subleases of Beau Rivage and National Harbor are classified as operating leases and the ground sublease of Borgata is classified as a finance lease. The Cosmopolitan lease. The Company leases the real estate assets of The Cosmopolitan from a subsidiary of Blackstone Real Estate Investment Trust, Inc. The Cosmopolitan lease commenced May 17, 2022 and has an initial term of 30 years with three 10-year renewal periods, exercisable at the Company’s option, with a fixed 2% rent escalator for the first 15 years, and thereafter, an escalator equal to the greater of 2% and the CPI increase during the prior year, subject to a cap of 3%. Annual cash rent payments for the second lease year that commenced on June 1, 2023 was $204 million. MGM China land concessions . MGM Grand Paradise has MGM Macau and MGM Cotai land concession contracts with the government of Macau, each with an initial 25-year contract term ending in April 2031 and January 2038, respectively, with a right to renew for further consecutive periods of 10 years, at MGM Grand Paradise’s option. The land leases are classified as operating leases. Other information: Components of lease costs and other information related to the Company’s leases are: Year Ended December 31, 2023 2022 2021 (In thousands) Operating lease cost, primarily classified within “General and administrative” (1) $ 2,306,640 $ 1,986,853 $ 870,779 Finance lease costs Interest expense (2) $ 9,899 $ 9,233 $ 2,354 Amortization expense 65,629 76,039 73,475 Total finance lease costs $ 75,528 $ 85,272 $ 75,829 (1) Operating lease cost includes $331 million for each of the years ended December 31, 2023, 2022, and 2021, related to the Bellagio lease, which is held with a related party. (2) For the year ended December 31, 2021, interest expense includes the effect of COVID-19 related rent concessions, which was recognized as negative variable rent expense. December 31, 2023 2022 (In thousands) Operating leases Operating lease ROU assets, net (1) $ 24,027,465 $ 24,530,929 Operating lease liabilities - current, classified within “Other accrued liabilities” $ 74,988 $ 53,981 Operating lease liabilities - long-term (2) 25,127,464 25,149,299 Total operating lease liabilities $ 25,202,452 $ 25,203,280 Finance leases Finance lease ROU assets, net, classified within “Property and equipment, net” $ 85,783 $ 150,571 Finance lease liabilities - current, classified within "Other accrued liabilities" $ 9,166 $ 72,420 Finance lease liabilities - long-term, classified within “Other long-term obligations” 85,391 88,181 Total finance lease liabilities $ 94,557 $ 160,601 Weighted average remaining lease term (years) Operating leases 25 26 Finance leases 22 14 Weighted average discount rate (%) Operating leases 7 7 Finance leases 6 5 (1) As of December 31, 2023 and 2022, operating lease right-of-use assets, net included $3.5 billion related to the Bellagio lease for each of the respective periods. (2) As of December 31, 2023 and 2022, operating lease liabilities – long-term included $3.8 billion related to the Bellagio lease for each of the respective periods. Year Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities (In thousands) Operating cash outflows from operating leases $ 1,802,577 $ 1,535,637 $ 669,681 Operating cash outflows from finance leases 6,332 6,654 4,761 Financing cash outflows from finance leases (1) 71,611 84,139 73,257 ROU assets obtained in exchange for new lease liabilities Operating leases $ 15,089 $ 15,538,208 $ 3,388,120 Finance leases 3,073 87,856 24,433 (1) Included within “Other” within “Cash flows from financing activities” on the consolidated statements of cash flows. Maturities of lease liabilities were as follows: Operating Leases Finance Leases Year ending December 31, (In thousands) 2024 $ 1,834,330 $ 15,835 2025 1,859,882 9,733 2026 1,886,090 7,158 2027 1,913,782 7,116 2028 1,941,940 7,036 Thereafter 48,942,392 128,194 Total future minimum lease payments 58,378,416 175,072 Less: Amount of lease payments representing interest (33,175,964) (80,515) Present value of future minimum lease payments 25,202,452 94,557 Less: Current portion (74,988) (9,166) Long-term portion of lease liabilities $ 25,127,464 $ 85,391

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Cybersecurity litigation, claims, and investigations. In September 2023, through unauthorized access to certain of its U.S. systems, third-party criminal actors obtained, for some of the Company’s customers, personal information (including name, contact information (such as phone number, email address and postal address), gender, date of birth and driver’s license numbers). For a limited number of customers, Social Security numbers and passport numbers were also obtained by the criminal actors. The Company has been and continues to notify individuals impacted by this issue in accordance with federal and state law. In connection with this cybersecurity issue, the Company became subject to consumer class actions in U.S. federal and state courts. These class actions assert a variety of common law and statutory claims based on allegations that the Company failed to use reasonable security procedures and practices to safeguard customers’ personal information, and seek monetary and statutory damages, injunctive relief and other related relief. In addition, the Company is the subject of investigations by state and federal regulators, which also could result in monetary fines and other relief. The Company cannot predict the timing or outcome of any of these potential matters, or whether the Company may be subject to additional legal proceedings, claims, regulatory inquiries, investigations, or enforcement actions. While the Company believes it is reasonably possible that it may incur losses associated with the above-described proceedings, it is not possible to estimate the amount of loss or range of loss, if any, that might result from adverse judgments, settlements, or other resolution given the preliminary stage of these proceedings. The Company has incurred, and expects to continue to incur, certain expenses related to the cybersecurity issue, including expenses to respond to, remediate, and investigate this matter. The full scope of the costs and related impacts of this issue, including the extent to which all of the costs will be offset by cybersecurity insurance, has not been determined. Other litigation . The Company is a party to various other legal proceedings, most of which relate to routine matters incidental to its business. Management does not believe that the outcome of such proceedings will have a material adverse effect on the Company’s financial position, results of operations or cash flows. Commitments. MGM Grand Paradise concession contract. Pursuant to the concession contract, MGM Grand Paradise is required to pay (i) a special gaming tax of 35% of gross gaming revenue and a special levy of up to 5% of gross gaming revenue, of which the tax is subject to a minimum annual payment in the form of a special premium in the event the minimum amount is not achieved, (ii) a fixed annual premium, and (iii) a variable premium based on the number of gaming tables and machines. Based upon the approved number of gaming tables and slot machines as of December 31, 2023, the premiums for the above obligations payable to the Macau government are approximately MOP 2.2 billion ($269 million as of December 31, 2023) during each of the next five years ending December 31, 2028, and approximately MOP 8.7 billion ($1.1 billion as of December 31, 2023) in the aggregate thereafter through the expiration of the gaming concession in December 2032. In addition, MGM Grand Paradise is required to make annual payments in connection with the temporary use of the reverted gaming assets based upon square meters of the reverted casino areas. Such payments will be adjusted with the Macau average price index during the term of the reversion agreement. The annual payment to the Macau government is approximately MOP 45 million ($6 million as of December 31, 2023) during each of the next two years ending December 31, 2025, approximately MOP 148 million ($18 million as of December 31, 2023) during each of the following three years ending December 31, 2028, and approximately MOP 594 million ($74 million as of December 31, 2023) in the aggregate thereafter through the term of the reversion agreement, with each annual payment subject to the Macau average price index adjustment. The minimum required amount of the payments described in (ii) and (iii) above, as well as the payments relating to the use of the reverted gaming assets were accrued as of and at the commencement of the concession contract as an offset to the related intangible asset as further discussed in Note 7. Payments incremental to minimum amounts due or any subsequent changes to the amounts due under such payments are expensed as incurred. The gaming concession also obligates MGM Grand Paradise to invest in various gaming and non-gaming projects and the development of international tourist markets over the ten-year term of the concession in an initial amount of approximately MOP 16.7 billion ($2.1 billion as of December 31, 2023) of which MOP 15 billion ($1.9 billion as of December 31, 2023) was designated for non-gaming projects. In 2023, the non-gaming commitment increased in accordance with the concession contract as a result of market-wide Macau annual gross gaming revenue exceeding MOP 180 billion and, accordingly, the total gaming and non-gaming project commitment over the ten-year term of the concession increased to MOP 19.7 billion ($2.4 billion as of December 31, 2023), of which MOP 18 billion ($2.2 billion as of December 31, 2023) is designated for non-gaming projects. The projects related to the investment are subject to annual review and Macau government approval and, therefore, the timing and magnitude of the projects comprising the investment are subject to change. MGM Grand Paradise submitted the list of investments and projects it intended to carry out in 2024 to the Macau government in the fourth quarter of 2023, which has been approved by the Macau government. The gaming law also requires concessionaires to maintain share capital of at least MOP 5 billion (approximately $622 million as of December 31, 2023), which further required a cash deposit of such amount until commencement of activity under the concession on January 1, 2023 at which point the deposit was available for use in operations, provided that the net asset value of the concessionaire is not at any time less than such amount. MGM China bank guarantees. In connection with the issuance of the gaming concession in January 2023, bank guarantees were provided to the government of Macau in the amount of MOP 1 billion (approximately $124 million as of December 31, 2023) to warrant the fulfillment of labor liabilities and of damages or losses that may result if there is noncompliance with the concession. The guarantees expire 180 days after the end of the concession term. As of December 31, 2022, MOP 1 billion (approximately $124 million as of December 31, 2022) of the bank guarantees were secured by pledged cash and, in connection with a release of MOP 300 million of such pledged cash during the year ended December 31, 2023, MOP 700 million of the bank guarantees (approximately $87 million as of December 31, 2023) were secured by pledged cash as of December 31, 2023. Shortfall guarantees. The Company provides shortfall guarantees of the $3.01 billion principal amount of indebtedness (and any interest accrued and unpaid thereon) of Bellagio BREIT Venture, the landlord of Bellagio, which matures in 2029, and of the $3.0 billion principal amount of indebtedness (and any interest accrued and unpaid thereon) of the landlords of Mandalay Bay and MGM Grand Las Vegas, which matures in 2032 and has an anticipated repayment date of March 2030. The terms of the shortfall guarantees provide that after the lenders have exhausted certain remedies to collect on the obligations under the indebtedness, the Company would then be responsible for any shortfall between the value of the collateral, which is the real estate assets of the applicable property owned by the landlord, and the debt obligation. The guarantees are accounted for under ASC 460 at fair value; such value is immaterial. MGM/Osaka IR KK guarantees. The Company provides for guarantees to the government of Osaka (1) in the amount of 12.65 billion yen (approximately $89 million as of December 31, 2023) for 50% of Osaka IR KK’s obligations to Osaka under various agreements related to the development of an integrated resort in Osaka, Japan by Osaka IR KK and (2) of an uncapped amount to provide funding to Osaka IR KK, if necessary, for the completion of the construction and full opening of the integrated resort. The guarantees expire when the obligations relating to the full opening of the integrated resort are fulfilled. The guarantees are accounted for under ASC 460 at fair value; such value is immaterial. MGM/Osaka IR KK funding commitment. The Company has commitments to fund Osaka IR KK for its proportionate share of the unfinanced portion of Osaka IR KK’s development project, for which the total development cost is currently committed to be 1.27 trillion yen (approximately $9 billion as of December 31, 2023). The amount and timing of funding may vary based upon the progress and scope of the development, the availability and amount of financing to be obtained by Osaka IR KK, and the timing and amount of noncontrolling interest participation. Other guarantees. The Company and its subsidiaries are party to various guarantee contracts in the normal course of business, which are generally supported by letters of credit issued by financial institutions. The Company’s senior credit facility limits the amount of letters of credit that can be issued to $1.35 billion . At December 31, 2023, $28 million

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
STOCKHOLDERS’ EQUITY	Dec. 31, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) attributable to MGM Resorts International are as follows: Currency Translation Adjustments Cash Flow Hedges Other Total (In thousands) Balances, January 1, 2021 $ 12,964 $ (55,357) $ 11,716 $ (30,677) Other comprehensive income (loss) before reclassifications (24,655) 12,588 — (12,067) Amounts reclassified to interest expense — 22,200 — 22,200 Other comprehensive income (loss), net of tax (24,655) 34,788 — 10,133 Other changes: MGP Class A share issuances — — 3,240 3,240 Redemption of MGP OP units — — 5,327 5,327 Other — — (2,358) (2,358) Net changes (24,655) 34,788 6,209 16,342 Other comprehensive (income) loss attributable to noncontrolling interest 10,784 (21,065) — (10,281) Balances, December 31, 2021 (907) (41,634) 17,925 (24,616) Other comprehensive income before reclassifications 27,336 30,692 — 58,028 Amounts reclassified to interest expense — 7,000 — 7,000 Other comprehensive income, net of tax 27,336 37,692 — 65,028 Other changes: Deconsolidation of MGP — 28,151 (17,067) 11,084 Other 1,074 — (1,794) (720) Net changes 28,410 65,843 (18,861) 75,392 Other comprehensive (income) loss attributable to noncontrolling interest 6,932 (24,209) — (17,277) Balances, December 31, 2022 34,435 — (936) 33,499 Other comprehensive income before reclassifications 109,278 — — 109,278 Amounts reclassified to "Other, net" — — 936 936 Other comprehensive income, net of tax 109,278 — 936 110,214 Other comprehensive loss attributable to noncontrolling interest 183 — — 183 Balances, December 31, 2023 $ 143,896 $ — $ — $ 143,896 Noncontrolling interest The following is a summary of net income attributable to MGM Resorts International and transfers to noncontrolling interest, which shows the effects of changes in the Company’s ownership interest in a subsidiary on the equity attributable to the Company: For the Years Ended December 31, 2023 2022 2021 (In thousands) Net income attributable to MGM Resorts International $ 1,142,180 $ 1,473,093 $ 1,254,370 Transfers from/(to) noncontrolling interest: MGP Class A share issuances — — 103,174 Redemption of MGP OP units — — 176,659 Deconsolidation of MGP — 11,084 — Other — (120) (5,062) Net transfers from noncontrolling interest — 10,964 274,771 Change from net income attributable to MGM Resorts International and transfers to noncontrolling interest $ 1,142,180 $ 1,484,057 $ 1,529,141 Noncontrolling interest ownership transactions MGP Class A share issuance – March 2021. On March 15, 2021, MGP completed an offering of 22 million of its Class A shares, the proceeds of which were used to partially satisfy MGP’s obligations pursuant to the notice of redemption delivered by certain MGM subsidiaries, discussed below. Subsequent to MGP’s Class A share issuance and the redemption of MGP OP units, discussed below, the Company indirectly owned 42.1% of the partnership units in MGP OP. Redemption of MGP OP units – March 2021. In March 2021, subsidiaries of the Company delivered a notice of redemption to MGP covering approximately 37 million MGP OP units that they held in accordance with the terms of MGP OP’s partnership agreement. Upon receipt of the notice of redemption, MGP formed a conflicts committee to determine the mix of consideration that it would provide for the MGP OP units. The conflicts committee determined that MGP would redeem approximately 15 million MGP OP units for cash (with such MGP OP units retired upon redemption) and would satisfy its remaining obligation under that notice covering the remaining 22 million MGP OP units using the proceeds, net of the underwriters’ discount, of MGP’s Class A offering, for aggregate cash proceeds received by the Company of approximately $1.2 billion. The Company adjusted the carrying value of the noncontrolling interests for the change in noncontrolling interests’ ownership percentage of MGP OP’s net assets, with offsetting adjustments to capital in excess of par value and accumulated other comprehensive loss. Subsequent to the collective transactions, the Company indirectly owned 42.1% of the partnership units in MGP OP. MGP Class A share issuances – At-the-Market (“ATM”) program. During the year ended December 31, 2021, MGP issued approximately 3 million Class A shares under its ATM program, which completed its ATM program. In connection with the issuances, MGP OP issued an equal amount of MGP OP units to MGP. The Company adjusted the carrying value of the noncontrolling interests for the change in noncontrolling interests’ ownership percentage of MGP OP’s net assets, with offsetting adjustments to capital in excess of par value and accumulated other comprehensive loss. Subsequent to the collective issuances, the Company indirectly owned 41.6% of the partnership units in MGP OP. Deconsolidation of MGP. On April 29, 2022, the Company completed the VICI Transaction, whereby VICI acquired MGP. In connection with the transaction, the Company no longer holds a controlling interest in MGP and deconsolidated MGP, including the accumulated other comprehensive loss related to MGP. Other equity activity MGM Resorts International stock repurchases. In February 2020, upon substantial completion of the May 2018 $2.0 billion stock repurchase plan, the Company announced that the Board of Directors authorized a $3.0 billion stock repurchase plan. In March 2022, the Company announced that the Board of Directors authorized a $2.0 billion stock repurchase plan, in February 2023, the Company announced that the Board of Directors authorized a $2.0 billion stock repurchase plan, and, in November 2023, the Company announced that the Board of Directors authorized a $2.0 billion stock repurchase plan. Under these stock repurchase plans, the Company may repurchase shares from time to time in the open market or in privately negotiated agreements. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The timing, volume and nature of stock repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time. During the year ended December 31, 2021, the Company repurchased approximately 43 million shares of its common stock for an aggregate amount of $1.8 billion. Repurchased shares were retired. During the year ended December 31, 2021, the Company completed its May 2018 $2.0 billion stock repurchase plan. During the year ended December 31, 2022, the Company repurchased approximately 76 million shares of its common stock for an aggregate amount of $2.8 billion, which included the February 2022 repurchase of 4.5 million shares for an aggregate amount of $202.5 million from funds managed by Corvex Management LP, a related party. Repurchased shares were retired. During the year ended December 31, 2022, the Company completed its February 2020 $3.0 billion stock repurchase plan. During the year ended December 31, 2023, the Company repurchased approximately 54 million shares of its common stock for an aggregate amount of $2.3 billion. Repurchased shares were retired. During the year ended December 31, 2023, the Company completed its March 2022 $2.0 billion stock repurchase plan. As of December 31, 2023 the remaining availability under the February 2023 $2.0 billion stock repurchase plan was $183 million and the remaining availability under the November 2023 $2.0 billion stock repurchase plan was $2.0 billion.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
STOCK-BASED COMPENSATION	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION MGM Resorts International 2022 Omnibus Incentive Plan. On May 4, 2022, the MGM Resorts 2022 Omnibus Incentive Plan (“2022 Omnibus Plan”) was approved and replaced and superseded the amended and restated MGM Resorts 2005 Omnibus Incentive Plan. The Company’s 2022 Omnibus Plan allows it to grant up to approximately 18 million shares or stock-based awards, such as stock options, stock appreciation rights (“SARs”), restricted stock units (“RSUs”), performance share units (“PSUs”) and other stock-based awards to eligible directors, officers, employees, and consultants of the Company and its subsidiaries. As of December 31, 2023, the Company had an aggregate of approximately 15 million shares of common stock available for grant as stock-based awards under the 2022 Omnibus Plan. Additionally, as of December 31, 2023, the Company had approximately 6 million aggregate RSUs and PSUs outstanding, including deferred share units and dividend equivalent units related to RSUs and PSUs. As of December 31, 2023, there was $116 million of unamortized compensation expense related to stock-based awards, which is expected to be recognized over a weighted average period of 1.7 years. MGM Growth Properties 2016 Omnibus Incentive Plan; MGM China Share Option Plan and Restricted Stock Unit Plan. The Company’s subsidiaries, MGP and MGM China, each adopted their own equity award plans for the issuance of stock-based awards to each subsidiary’s eligible recipients. Vesting of MGP’s outstanding awards was accelerated as a result of the change of control of MGP related to the VICI Transaction in 2022. Recognition of compensation cost. Compensation cost was recognized as follows: Year Ended December 31, 2023 2022 2021 Compensation cost: (In thousands) Omnibus Plan $ 67,375 $ 60,264 $ 53,683 MGM Growth Properties Omnibus Incentive Plan — 5,112 4,827 MGM China share-based compensation plans 6,232 5,920 6,673 Total compensation cost 73,607 71,296 65,183 Less: Reimbursed costs and capitalized cost (21) — (1,198) Compensation cost after reimbursed costs and capitalized cost 73,586 71,296 63,985 Less: Related tax benefit (15,975) (14,458) (12,982) Compensation cost, net of tax benefit $ 57,611 $ 56,838 $ 51,003

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
EMPLOYEE BENEFIT PLANS	Dec. 31, 2023
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Multiemployer benefit plans. The Company currently participates in multiemployer pension plans in which the risks of participating differs from single-employer plans in the following aspects: a) Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers; b) If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; c) If an entity chooses to stop participating in some of its multiemployer plans, the entity may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability; and d) If the plan is terminated by withdrawal of all employers and if the value of the non-forfeitable benefits exceeds plan assets and withdrawal liability payments, employers are required by law to make up the insufficient difference. The Company’s participation in these plans is presented below. EIN/Pension Pension Protection Act Zone Status (2) FIP/RP Contributions by the Company (in thousands) (4) Surcharge Expiration Dates of Collective Bargaining Agreements Pension Fund (1) Plan Number 2022 2021 Status (3) 2023 2022 2021 Imposed Southern Nevada Culinary and Bartenders Pension Plan 88-6016617/001 Green Green No $ 59,172 $ 56,235 $ 37,242 No 05/31/2024 (5); 05/31/2025 (5); 09/30/2028 (5) The Legacy Plan of the UNITE HERE Retirement Fund (UHF) 82-0994119/001 Red Red Implemented $ 10,113 $ 8,650 $ 7,683 No 5/31/2026 (1) The Company was listed in the plan's Form 5500 as providing more than 5% of the total contributions for the plan years 2022 and 2021 for both plans. At the date the financial statements were issued, Form 5500 was not available for the plan year 2023. (2) The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Plans in the red zone are generally less than 65% funded (critical status) and plans in the green zone are at least 80% funded. (3) Indicates plans for which a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) is either pending or has been implemented. (4) There have been no significant changes that affect the comparability of contributions. (5) The Company is party to eleven collective bargaining agreements (CBA) that provide for contributions to the Southern Nevada Culinary and Bartenders Pension Plan, which are primarily with the Local Joint Executive Board of Las Vegas, for and on behalf of the Culinary Workers Union and Bartenders Union. The agreements between Aria, Bellagio, The Cosmopolitan, Mandalay Bay, and MGM Grand Las Vegas are the most significant because more than two-thirds of the Company’s employee participants in this plan are covered by those five agreements. Multiemployer benefit plans other than pensions . Pursuant to its collective bargaining agreements referenced above, the Company also contributes to UNITE HERE Health (the “Health Fund”), which provides healthcare benefits to its active and retired members. The Company contributed $230 million, $218 million, and $143 million to the Health Fund in the years ended December 31, 2023, 2022, and 2021, respectively.

PROPERTY TRANSACTIONS, NET

PROPERTY TRANSACTIONS, NET	12 Months Ended
PROPERTY TRANSACTIONS, NET	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY TRANSACTIONS, NET	PROPERTY TRANSACTIONS, NET Property transactions, net consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) Gain on sale of the operations of Gold Strike Tunica $ (398,787) $ — $ — Gain on sale of the operations of The Mirage — (1,066,784) — Other property transactions, net 28,274 29,787 (67,736) $ (370,513) $ (1,036,997) $ (67,736) Gain on sale of the operations of Gold Strike Tunica and of The Mirage. Refer to Note 4 for discussion. Other. Other property transactions, net in 2023 and 2022 includes miscellaneous asset disposals and write-downs.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s management views each of its casino properties as an operating segment. Operating segments are aggregated based on their similar economic characteristics, types of customers, types of services and products provided, the regulatory environments in which they operate and their management and reporting structure. The Company has aggregated its operating segments into the following reportable segments: Las Vegas Strip Resorts, Regional Operations and MGM China. Las Vegas Strip Resorts. Las Vegas Strip Resorts consists of the following casino resorts in Las Vegas, Nevada: Aria (including Vdara) (upon its acquisition in September 2021), Bellagio, The Cosmopolitan (upon its acquisition in May 2022), MGM Grand Las Vegas (including The Signature), Mandalay Bay (including Delano and Four Seasons), The Mirage (until its disposition in December 2022), Luxor, New York-New York (including The Park), Excalibur, and Park MGM (including NoMad Las Vegas). Regional Operations. Regional Operations consists of the following casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Mississippi (until its disposition in February 2023); Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York; and MGM Northfield Park in Northfield Park, Ohio. MGM China. MGM China consists of MGM Macau and MGM Cotai. The Company’s operations related to LeoVegas (upon its acquisition in September 2022), investments in unconsolidated affiliates, and certain other corporate operations and management services have not been identified as separate reportable segments; therefore, these operations are included in “Corporate and other” in the following segment disclosures to reconcile to consolidated results. Adjusted Property EBITDAR is the Company’s reportable segment GAAP measure, which management utilizes as the primary profit measure for its reportable segments and underlying operating segments. Adjusted Property EBITDAR is a measure defined as earnings before interest and other non-operating income (expense), taxes, depreciation and amortization, preopening and start-up expenses, property transactions, net, gain on REIT transactions, net, rent expense related to triple-net operating leases and ground leases, income from unconsolidated affiliates related to investments in real estate ventures, and also excludes gain on consolidation of CityCenter, net, gain related to CityCenter’s sale of Harmon land recorded within income from unconsolidated affiliates, corporate expense and stock compensation expense, which are not allocated to each operating segment, and rent expense related to the master lease with MGP that eliminated in consolidation. The following tables present the Company’s segment information: Year Ended December 31, 2023 2022 2021 (In thousands) Net revenue Las Vegas Strip Resorts Casino $ 2,127,612 $ 2,104,096 $ 1,549,419 Rooms 3,027,668 2,729,715 1,402,712 Food and beverage 2,289,812 2,125,738 1,015,366 Entertainment, retail and other 1,354,054 1,438,823 769,688 8,799,146 8,398,372 4,737,185 Regional Operations Casino 2,712,205 2,901,072 2,721,515 Rooms 296,100 284,213 220,828 Food and beverage 440,002 429,188 307,750 Entertainment, retail and other, and reimbursed costs 222,002 201,412 142,270 3,670,309 3,815,885 3,392,363 MGM China Casino 2,787,837 567,573 1,057,962 Rooms 177,158 43,216 66,498 Food and beverage 161,669 49,312 68,489 Entertainment, retail and other 26,945 13,492 17,812 3,153,609 673,593 1,210,761 Reportable segment net revenues 15,623,064 12,887,850 9,340,309 Corporate and other 541,185 239,635 339,831 $ 16,164,249 $ 13,127,485 $ 9,680,140 Year Ended December 31, 2023 2022 2021 (In thousands) Adjusted Property EBITDAR Las Vegas Strip Resorts $ 3,190,486 $ 3,142,308 $ 1,738,211 Regional Operations 1,133,196 1,294,630 1,217,814 MGM China 866,889 (203,136) 25,367 Reportable segment Adjusted Property EBITDAR 5,190,571 4,233,802 2,981,392 Other operating income (expense) Corporate and other, net (602,216) (736,548) (560,309) Preopening and start-up expenses (415) (1,876) (5,094) Property transactions, net 370,513 1,036,997 67,736 Depreciation and amortization (814,128) (3,482,050) (1,150,610) Gain on REIT transactions, net — 2,277,747 — Gain on consolidation of CityCenter, net — — 1,562,329 Triple-net operating lease and ground lease rent expense (2,263,649) (1,950,566) (833,158) Gain related to sale of Harmon land - unconsolidated affiliate — — 49,755 Income from unconsolidated affiliates related to real estate ventures 10,821 61,866 166,658 Operating income 1,891,497 1,439,372 2,278,699 Non-operating income (expense) Interest expense, net of amounts capitalized (460,293) (594,954) (799,593) Non-operating items from unconsolidated affiliates (1,032) (23,457) (83,243) Other, net 42,591 82,838 65,941 (418,734) (535,573) (816,895) Income before income taxes 1,472,763 903,799 1,461,804 Provision for income taxes (157,839) (697,068) (253,415) Net income 1,314,924 206,731 1,208,389 Less: Net (income) loss attributable to noncontrolling interests (172,744) 1,266,362 45,981 Net income attributable to MGM Resorts International $ 1,142,180 $ 1,473,093 $ 1,254,370 Year Ended December 31, 2023 2022 2021 Capital expenditures: (In thousands) Las Vegas Strip Resorts $ 527,104 $ 411,222 $ 266,944 Regional Operations 135,848 190,811 77,406 MGM China 45,331 30,540 67,989 Reportable segment capital expenditures 708,283 632,573 412,339 Corporate and other 223,530 132,494 78,358 $ 931,813 $ 765,067 $ 490,697 Total assets are not allocated to segments for internal reporting presentations or when determining the allocation of resources and, accordingly, are not presented. Long-lived assets, which includes property and equipment, net, operating and finance lease right-of-use assets, net, goodwill, and other intangible assets, net, presented by geographic region are as follows: December 31, 2023 2022 2021 Long-lived assets: (In thousands) United States $ 31,194,157 $ 31,330,909 $ 25,848,917 China and all other foreign countries 5,173,128 5,004,512 7,176,763 $ 36,367,285 $ 36,335,421 $ 33,025,680

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS CityCenter. Management agreements. Until the Company's acquisition of CityCenter in September 2021, the Company was party to a management agreement pursuant to which it managed the operations of CityCenter for a fee of 2% of revenue and 5% of EBITDA (as defined within the management agreement) for Aria and Vdara. The Company earned fees of $29 million during the year ended December 31, 2021. The Company incurred costs reimbursable by CityCenter, primarily for employee compensation and certain allocated costs in performing the Company's management services, of $187 million during the year ended December 31, 2021. The management agreement was terminated in connection with the Company's acquisition of CityCenter. MGM China. Ms. Ho, Pansy Catilina Chiu King (“Ms. Ho”) is the Co-Chairperson of the Board of Directors of, and holds a minority ownership interest in, MGM China. Ms. Ho is also the managing director of Shun Tak Holdings Limited (together with its subsidiaries “Shun Tak”), a leading conglomerate in Hong Kong with core businesses in transportation, property, hospitality and investments. Shun Tak provides various services and products, including ferry tickets, travel products, rental of hotel rooms, laundry services and property cleaning services to MGM China. In addition, MGM China leases office space from Shun Tak. MGM China incurred expenses relating to Shun Tak of $9 million, $3 million and $7 million for the years ended December 31, 2023, 2022 and 2021, respectively. In addition, Ms. Ho indirectly holds a 50% interest in an entity th at provides, along with its subsidiary, marketing and public relations consulting services, including for the tendering of MGM China's gaming concession, to MGM China, which totaled $16 million , $5 million, and $4 million for the years ended December 31, 2023 , 2022 , and 2021 , respectively. On September 1, 2016, the Company purchased 188.1 million common shares of its MGM China subsidiary from Grand Paradise Macau (“GPM”), an entity controlled by Ms. Ho. As part of the consideration for the purchase, the Company agreed to pay GPM or its nominee a deferred cash payment of $50 million. The payments included amounts equal to the ordinary dividends received on such shares, with a final lump sum payment due on the fifth anniversary of the closing date of the transaction, which was made in September 2021. Such amounts were paid to Expert Angels Limited, an entity controlled by an immediate family member of Ms. Ho. MGM Branding and Development Holdings, Ltd. (together with its subsidiary MGM Development Services, Ltd., “MGM Branding and Development”), an entity included in the Company’s consolidated financial statements in which Ms. Ho indirectly holds a noncontrolling interest, is party to a brand license agreement and a development services agreement with MGM China, for which the related amounts are eliminated in consolidation. An entity owned by Ms. Ho received distributions of $20 million, $5 million and $8 million for the years ended December 31, 2023, 2022 and 2021, respectively, in connection with the ownership of a noncontrolling interest in MGM Branding and Development Holdings, Ltd. On August 21, 2022, Ms. Ho and MGM Grand Paradise entered into an agreement for her services as Managing Director of MGM Grand Paradise during the term of the new concession (the “Services Agreement”). The Services Agreement became effective on January 1, 2023 after satisfying certain conditions precedent as defined in the agreement. Pursuant to the Services Agreement, Ms. Ho will receive compensation of $8 million annually during the term of the concession and will be entitled to incentive payments up to an aggregate total amount of $95 million. The amount of the incentive payments earned are subject to the achievement of certain EBITDA targets, as defined in the agreement. MGP. Prior to the closing of the VICI Transaction, the Company leased the real estate assets of The Mirage, Luxor, New York-New York, Park MGM, Excalibur, The Park, Gold Strike Tunica, MGM Grand Detroit, Beau Rivage, Borgata, Empire City, MGM National Harbor, MGM Northfield Park, and MGM Springfield pursuant to a master lease with MGP. The annual cash rent payments under the master lease with MGP for the sixth lease year, which commenced on April 1, 2021, increased to $843 million from $828 million, as a result of a 2% fixed annual rent escalator that went into effect on April 1, 2021. On October 29, 2021, MGP acquired the real estate assets of MGM Springfield from the Company for $400 million of cash consideration, which was accounted for as a transaction between entities under common control. The Company adjusted the carrying value of noncontrolling interests to adjust for its share of the difference between the carrying value of the net assets transferred and the consideration received, with offsetting adjustments to capital in excess of par value. The master lease with MGP was amended to add MGM Springfield and reflect a $30 million increase in annual cash rent to a total of $873 million. The annual cash rent payments under the master lease with MGP for the seventh lease year, which commenced on April 1, 2022, increased to $877 million from $873 million, due to the sixth 2% annual base rent escalator that went into effect on April 1, 2022, as the adjusted net revenue to rent ratio on which such escalator was contingent was met, which increased annual cash rent by $16 million, partially offset by the percentage rent reset that went into effect on April 1, 2022, calculated based on the percentage of average actual annual net revenue of the leased properties during the preceding five year period, which decreased annual cash rent by $12 million. All intercompany transactions, including transactions under the MGP master lease, have been eliminated in the Company’s consolidation of MGP. The public ownership of MGP’s Class A shares was recognized as noncontrolling interests in the Company’s consolidated financial statements. In April 2022, the Company completed the VICI Transaction, which resulted in the deconsolidation of MGP. Refer to Note 4 for additional information on the VICI Transaction. As part of the transaction, the Company entered into an amended and restated master lease with VICI. Refer to Note 11 for further discussion on the master lease with VICI.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income attributable to MGM Resorts International	$ 1,142,180	$ 1,473,093	$ 1,254,370

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation. The Company evaluates entities for which control is achieved through means other than voting rights to determine if it is the primary beneficiary of a variable interest entity (“VIE”). The Company consolidates its investment in a VIE when it determines that it is its primary beneficiary. Bellagio BREIT Venture (as defined in Note 11) and Osaka IR KK are VIEs in which the Company is not the primary beneficiary because it does not have power on its own to direct the activities that could potentially be significant to the ventures and, accordingly, does not consolidate the ventures. The Company may change its original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affect the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary. The Company performs this analysis on an ongoing basis . For entities determined not to be a VIE, the Company consolidates such entities in which the Company owns 100% of the equity. For entities in which the Company owns less than 100% of the equity interest, the Company consolidates the entity under the voting interest model if it has a controlling financial interest based upon the terms of the respective entities’ ownership agreements, such as MGM China. For these entities, the Company records a noncontrolling interest in the consolidated balance sheets and all intercompany balances and transactions are eliminated in consolidation. If the entity does not qualify for consolidation under the voting interest model and the Company has significant influence over the operating and financial decisions of the entity, the Company generally accounts for the entity under the equity method, such as BetMGM, which does not qualify for consolidation as the Company has joint control, given the entity is structured with substantive participating rights whereby both owners participate in the decision making process, which prevents the Company from exerting a controlling financial interest in such entity, as defined in Accounting Standards Codification (“ASC”) 810. For entities over which the Company does not have significant influence, the Company accounts for its equity investment under ASC 321.
Reclassifications	Reclassifications. Certain reclassifications have been made to conform the prior period presentation.
Management's use of estimates	Management’s use of estimates. The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. These principles require the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair value measurements	Fair value measurements. Fair value measurements affect the Company’s accounting and impairment assessments of its long-lived assets, investments in unconsolidated affiliates or equity interests, assets acquired, and liabilities assumed in an acquisition, and goodwill and other intangible assets. Fair value measurements also affect the Company’s accounting for certain of its financial assets and liabilities. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and is measured according to a hierarchy that includes: Level 1 inputs, such as quoted prices in an active market; Level 2 inputs, which are quoted prices for identical or comparable instruments or pricing using observable market data; or Level 3 inputs, which are unobservable inputs. The Company used the following inputs in its fair value measurements: • Level 1 inputs when measuring its equity investments recorded at fair value; • Level 2 inputs for its long-term debt fair value disclosures. See Note 9; • Level 1 and Level 2 inputs for its debt investments; and • Level 1, Level 2, and Level 3 inputs when assessing the fair value of assets acquired and liabilities assumed in acquisitions. See Note 4. Equity investments. Fair value is measured based upon trading prices on the applicable securities exchange for equity investments for which the Company has elected the fair value option of ASC 825, and equity investments accounted for under ASC 321 that have a readily determinable fair value. The fair value of these investments was $435 million and $461 million as of December 31, 2023 and 2022, respectively, and is reflected within “Other long-term assets, net” on the consolidated balance sheets. Gains and losses are recorded in “Other, net” in the statements of operations. For the year ended December 31, 2023, the Company recorded a net loss on its equity investments of $26 million. For the years ended December 31, 2022 and 2021, the Company recorded a net gain on its equity investments of $10 million and $28 million, respectively. Debt investments. The Company’s investments in debt securities are classified as trading securities and recorded at fair value. Gains and losses are recorded in “Other, net” in the statements of operations. Debt securities are considered cash equivalents if the criteria for such classification is met or otherwise classified as short-term investments within “Prepaid expenses and other” since the investment of cash is available for current operations. The following tables present information regarding the Company’s debt investments: Fair value level December 31, 2023 2022 (In thousands) Cash and cash equivalents: Money market funds Level 1 $ 18,828 $ 12,009 Commercial paper Level 2 — 5,992 Cash and cash equivalents 18,828 18,001 Short-term investments: U.S. government securities Level 1 37,805 56,835 U.S. agency securities Level 2 9,804 9,530 Commercial paper and certificates of deposit Level 2 — 4,466 Corporate bonds Level 2 364,926 213,875 Asset backed securities Level 2 7,170 — Short-term investments 419,705 284,706 Total debt investments $ 438,533 $ 302,707
Cash and cash equivalents	Cash and cash equivalents. Cash and cash equivalents consist of cash and highly liquid investments with maturities of 90 days or less at the date of purchase. The fair value of cash and cash equivalents approximates carrying value because of the short maturity of those instruments (Level 1).
Restricted cash	Restricted cash. MGM China’s pledged cash of $87 million and $124 million as of December 31, 2023 and 2022, respectively, securing the bank guarantees discussed in Note 12 is restricted in use and classified within “Other long-term assets, net.” Such amounts plus “Cash and cash equivalents” on the consolidated balance sheets equal “Cash, cash equivalents, and restricted cash” on the consolidated statements of cash flows as of December 31, 2023 and 2022.
Accounts receivable and credit risk	Accounts receivable and credit risk. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of casino receivables. The Company issues credit following assessments of creditworthiness. At December 31, 2023 and 2022, approximately 54% and 52%, respectively, of the Company’s gross accounts receivable related to casino receivables.
Inventories	Inventories. Inventories consist primarily of food and beverage, retail merchandise and operating supplies, and are stated at the lower of cost or net realizable value. Cost is determined primarily using the average cost method for food and beverage and operating supplies. Cost for retail merchandise is determined using the cost method.
Property and equipment	Property and equipment. Property and equipment are stated at cost. A significant amount of the Company’s property and equipment was acquired through business combinations and therefore recognized at fair value at the acquisition date. Gains or losses on dispositions of property and equipment are included in the determination of income or loss. Maintenance costs are expensed as incurred. Property and equipment are generally depreciated over the following estimated useful lives on a straight-line basis: Buildings and improvements 15 to 40 years Land improvements 10 to 20 years Furniture and fixtures 3 to 20 years Equipment 3 to 15 years The Company evaluates its property and equipment and other long-lived assets for impairment based on its classification as held for sale or to be held and used. Several criteria must be met before an asset is classified as held for sale, including that management with the appropriate authority commits to a plan to sell the asset at a reasonable price in relation to its fair value and is actively seeking a buyer. For assets held for sale, the Company recognizes the asset at the lower of carrying value or fair market value less costs to sell, as estimated based on comparable asset sales, offers received, or a discounted cash flow model. For assets to be held and used, the Company reviews for impairment whenever indicators of impairment exist. The Company then compares the estimated future cash flows of the asset group, on an undiscounted basis, to the carrying value of the asset group. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, then an impairment charge is recorded based on the fair value of the asset, typically measured using a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs. All recognized impairment losses, whether for assets held for sale or assets to be held and used, are recorded as operating expenses.
Capitalized interest	Capitalized interest. The interest cost associated with major development and construction projects is capitalized and included in the cost of the project. When no debt is incurred specifically for a project, interest is capitalized on amounts expended on the project using the weighted average cost of the Company’s outstanding borrowings. Capitalization of interest ceases when the project is substantially complete, or development activity is suspended for more than a brief period.
Investments in and advances to unconsolidated affiliates	Investments in and advances to unconsolidated affiliates. The Company has investments in unconsolidated affiliates accounted for under the equity method. Under the equity method, carrying value is adjusted for the Company’s share of the investees’ earnings and losses, amortization of certain basis differences, as well as capital contributions to and distributions from these companies. Distributions in excess of equity method earnings are recognized as a return of investment and recorded as investing cash inflows in the accompanying consolidated statements of cash flows. The Company classifies operating income and losses as well as gains and impairments related to its investments in unconsolidated affiliates as a component of operating income or loss and classifies non-operating income or losses related to its investments in unconsolidated affiliates as a component of non-operating income or loss, as the Company’s investments in such unconsolidated affiliates are an extension of the Company’s core business operations.
Goodwill and other intangible assets	Goodwill and other intangible assets. Goodwill represents the excess of purchase price over fair market value of net assets acquired in business combinations. Indefinite-lived intangibles consist of trademarks and certain of our gaming licenses. Goodwill and indefinite-lived intangible assets must be reviewed for impairment at least annually and between annual test dates in certain circumstances. The Company performs its annual impairment tests in the fourth quarter of each fiscal year. No material impairments were indicated or recorded as a result of the annual impairment review for goodwill and indefinite-lived intangible assets in 2023, 2022, and 2021. Accounting guidance provides entities the option to perform a qualitative assessment of goodwill and indefinite-lived intangible assets (commonly referred to as “step zero”) in order to determine whether further impairment testing is necessary. In performing the step zero analysis the Company considers macroeconomic conditions, industry and market considerations, current and forecasted financial performance, entity-specific events, and changes in the composition or carrying amount of net assets of reporting units for goodwill. In addition, the Company takes into consideration the amount of excess of fair value over carrying value determined in the last quantitative analysis that was performed, as well as the period of time that has passed since the last quantitative analysis. If the step zero analysis indicates that it is more likely than not that the fair value is less than its carrying amount, the entity would proceed to a quantitative analysis. Under the quantitative analysis, goodwill for relevant reporting units is tested for impairment using a discounted cash flow analysis based on the estimated future results of the Company’s reporting units discounted using market discount rates and market indicators of terminal year capitalization rates, and a market approach that utilizes business enterprise value multiples based on a range of multiples from the Company’s peer group. If the fair value of the reporting unit is less than its carrying value, an impairment charge is recognized equal to the difference. Under the quantitative analysis, license rights are tested for impairment using a discounted cash flow approach, and trademarks are tested for impairment using the relief-from-royalty method. If the fair value of an indefinite-lived intangible asset is less than its carrying amount, an impairment loss is recognized equal to the difference.
Note receivable	Note receivable. In February 2023, the secured note receivable related to the sale of Circus Circus Las Vegas and the adjacent land in December 2019 was repaid, prior to maturity, for $170 million, which approximated its carrying value
Revenue recognition	Revenue recognition. The Company’s revenue from contracts with customers consists of casino wagers transactions, hotel room sales, food and beverage transactions, entertainment shows, and retail transactions. The transaction price for a casino wager is the difference between gaming wins and losses (“net win”). In certain circumstances, the Company offers discounts on markers, which is estimated based upon historical business practice, and recorded as a reduction of casino revenue. Commissions rebated to gaming promoters and VIP players at MGM China are also recorded as a reduction of casino revenue. The Company accounts for casino revenue on a portfolio basis given the similar characteristics of wagers by recognizing net win per gaming day versus on an individual wager basis. For casino wager transactions that include other goods and services provided by the Company to gaming patrons on a discretionary basis to incentivize gaming, the Company allocates revenue from the casino wager transaction to the good or service delivered based upon standalone selling price (“SSP”). Discretionary goods and services provided by the Company and supplied by third parties are recognized as an operating expense. For casino wager transactions that include incentives earned by customers under the Company’s loyalty programs, the Company allocates a portion of net win based upon the SSP of such incentive (less estimated breakage). This allocation is deferred and recognized as revenue when the customer redeems the incentive. When redeemed, revenue is recognized in the department that provides the goods or service. Redemption of loyalty incentives at third-party outlets are deducted from the loyalty liability and amounts owed are paid to the third party, with any discount received recorded as other revenue. After allocating revenue to other goods and services provided as part of casino wager transactions, the Company records the residual amount to casino revenue . The transaction price of rooms, food and beverage, and retail contracts is the net amount collected from the customer for such goods and services. The transaction price for such contracts is recorded as revenue when the good or service is transferred to the customer over their stay at the hotel or when the delivery is made for the food & beverage and retail & other contracts. Sales and usage-based taxes are excluded from revenues. For some arrangements, the Company acts as an agent in that it arranges for another party to transfer goods and services and the Company is not the controlling entity, which primarily include certain of the Company’s entertainment shows and, in certain jurisdictions, the Company’s arrangement with BetMGM for online sports betting and iGaming. The Company also has other contracts that include multiple goods and services, such as packages that bundle food, beverage, or entertainment offerings with hotel stays and convention services. For such arrangements, the Company allocates revenue to each good or service based on its relative SSP. The Company primarily determines the SSP of rooms, food and beverage, entertainment, and retail goods and services based on the amount that the Company charges when sold separately in similar circumstances to similar customers. Contract and Contract-Related Liabilities. There may be a difference between the timing of cash receipts from the customer and the recognition of revenue, resulting in a contract or contract-related liability. The Company generally has three types of liabilities related to contracts with customers: (1) outstanding chip liability, which represents the amounts owed in exchange for gaming chips held by a customer, (2) loyalty program obligations, which represents the deferred allocation of revenue relating to loyalty program incentives earned, and (3) customer advances and other, which is primarily funds deposited by customers before gaming play occurs (“casino front money”) and advance payments on goods and services yet to be provided such as advance ticket sales and deposits on rooms and convention space or for unpaid wagers. These liabilities are generally expected to be recognized as revenue within one year of being purchased, earned, or deposited and are recorded within “Other accrued liabilities” on the consolidated balance sheets. The following table summarizes the activity related to contract and contract-related liabilities: Outstanding Chip Liability Loyalty Program Customer Advances and Other 2023 2022 2023 2022 2023 2022 (In thousands) Balance at January 1 $ 185,669 $ 176,219 $ 183,602 $ 144,465 $ 816,376 $ 640,001 Balance at December 31 211,606 185,669 201,973 183,602 766,226 816,376 Increase / (decrease) $ 25,937 $ 9,450 $ 18,371 $ 39,137 $ (50,150) $ 176,375 The December 31, 2022 balances exclude liabilities related to assets held for sale. See Note 4. Reimbursed cost. Costs reimbursed pursuant to management services are recognized as revenue in the period it incurs the costs as this reflects when the Company performs its related performance obligation and is entitled to reimbursement. Reimbursed costs in 2021 related primarily to the Company’s management of CityCenter (such management agreement was terminated upon the acquisition of CityCenter in September 2021). Revenue by source. The Company presents the revenue earned disaggregated by the type or nature of the good or service (casino, room, food and beverage, and entertainment, retail and other) and by relevant geographic region within
Leases	Leases. The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. The Company classifies a lease with terms greater than twelve months as either operating or finance. At commencement, the right-of-use (“ROU”) assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. The initial measurement of ROU assets also includes any prepaid lease payments and are reduced by any previously accrued deferred rent. When available, such as for the Company’s triple-net operating leases for which the lessor has provided its implicit rate or provided the assumptions required for the Company to readily determine the rate implicit in the lease, the Company uses the rate implicit in the lease to discount lease payments to present value. However, for most of the Company’s leases, such as its ground subleases and equipment leases, the Company cannot readily determine the implicit rate. Accordingly, the Company uses its incremental borrowing rate to discount the lease payments for such leases based on the information available at the commencement date. Lease terms include options to extend or terminate the lease when it is reasonably certain that such option will be exercised. The Company’s triple-net operating leases each contain renewal periods at the Company’s option, each of which are not considered to be reasonably certain of being exercised. Many of the Company’s leases include fixed rental escalation clauses that are factored into the determination of lease payments. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. Refer to Note 11 for discussion of leases under which the Company is a lessee. The Company is a lessor under certain other lease arrangements. Lease revenues earned by the Company from third parties are classified within the line item corresponding to the type or nature of the tenant’s good or service. Lease revenues from third-party tenants include $78 million, $72 million and $43 million recorded within food and beverage revenue for 2023, 2022 and 2021, respectively, and $114 million, $118 million and $85 million recorded within entertainment, retail, and other revenue for the same such periods, respectively. Lease revenues from the rental of hotel rooms are recorded as rooms revenues within the consolidated statements of operations.
Leases	Leases. The Company determines if an arrangement is or contains a lease at inception or modification of the arrangement. An arrangement is or contains a lease if there are identified assets and the right to control the use of an identified asset is conveyed for a period of time in exchange for consideration. Control over the use of the identified asset means the lessee has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. The Company classifies a lease with terms greater than twelve months as either operating or finance. At commencement, the right-of-use (“ROU”) assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term. The initial measurement of ROU assets also includes any prepaid lease payments and are reduced by any previously accrued deferred rent. When available, such as for the Company’s triple-net operating leases for which the lessor has provided its implicit rate or provided the assumptions required for the Company to readily determine the rate implicit in the lease, the Company uses the rate implicit in the lease to discount lease payments to present value. However, for most of the Company’s leases, such as its ground subleases and equipment leases, the Company cannot readily determine the implicit rate. Accordingly, the Company uses its incremental borrowing rate to discount the lease payments for such leases based on the information available at the commencement date. Lease terms include options to extend or terminate the lease when it is reasonably certain that such option will be exercised. The Company’s triple-net operating leases each contain renewal periods at the Company’s option, each of which are not considered to be reasonably certain of being exercised. Many of the Company’s leases include fixed rental escalation clauses that are factored into the determination of lease payments. For operating leases, lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. For finance leases, the ROU asset depreciates on a straight-line basis over the shorter of the lease term or useful life of the ROU asset and the lease liability accretes interest based on the interest method using the discount rate determined at lease commencement. Refer to Note 11 for discussion of leases under which the Company is a lessee. The Company is a lessor under certain other lease arrangements. Lease revenues earned by the Company from third parties are classified within the line item corresponding to the type or nature of the tenant’s good or service. Lease revenues from third-party tenants include $78 million, $72 million and $43 million recorded within food and beverage revenue for 2023, 2022 and 2021, respectively, and $114 million, $118 million and $85 million recorded within entertainment, retail, and other revenue for the same such periods, respectively. Lease revenues from the rental of hotel rooms are recorded as rooms revenues within the consolidated statements of operations.
Advertising	Advertising. The Company expenses advertising costs as incurred. Advertising expense that primarily relates to media placement costs and which is generally included in general and administrative expenses, was $299 million, $235 million and $121 million for 2023, 2022 and 2021, respectively.
Corporate expense	Corporate expense. Corporate expense represents unallocated payroll, professional fees and various other expenses not directly related to the Company’s property operations. In addition, corporate expense includes the costs associated with the Company’s evaluation and pursuit of new business opportunities, which are expensed as incurred.
Preopening and start-up expenses	Preopening and start-up expenses. Preopening and start-up costs, including organizational costs, are expensed as incurred. Costs classified as preopening and start-up expenses include payroll, outside services, advertising, and other expenses related to new or start-up operations.
Property transactions, net	Property transactions, net. The Company classifies transactions such as write-downs and impairments, demolition costs, and normal gains and losses on the sale of assets as “Property transactions, net.” See Note 16 for a detailed discussion of these amounts.
Redeemable noncontrolling interest	Redeemable noncontrolling interest. Noncontrolling interests with redemption features, such as put rights, that are not exclusively in the Company’s control, are considered redeemable noncontrolling interests. Redeemable noncontrolling interests are presented outside of stockholders’ equity within the mezzanine section of the accompanying consolidated balance sheets. The interests are initially accounted for at fair value and subsequently adjusted to the greater of the redemption value and carrying value (initial fair value adjusted for attributed net income (loss) and distributions, as applicable). The Company records such adjustments to capital in excess of par value.
Income per share of common stock	Income per share of common stock. The table below reconciles basic and diluted income per share of common stock. Diluted net income attributable to common stockholders includes adjustments for redeemable noncontrolling interests. Diluted weighted average common and common equivalent shares include adjustments for potential dilution of stock-based awards outstanding under the Company’s stock compensation plan. Year Ended December 31, 2023 2022 2021 Numerator: (In thousands) Net income attributable to MGM Resorts International $ 1,142,180 $ 1,473,093 $ 1,254,370 Adjustment related to redeemable noncontrolling interests 2,128 (31,888) (78,298) Net income available to common stockholders - basic and diluted $ 1,144,308 $ 1,441,205 $ 1,176,072 Denominator: Weighted-average common shares outstanding - basic 354,926 409,201 481,930 Potential dilution from stock-based awards 3,701 3,792 5,426 Weighted-average common and common equivalent shares - diluted 358,627 412,993 487,356 Antidilutive stock-based awards excluded from the calculation of diluted earnings per share 353 603 198
Currency translation	Currency translation. The Company translates the financial statements of foreign subsidiaries that are not denominated in U.S. dollars. Balance sheet accounts are translated at the exchange rate in effect at each balance sheet date. Income statement accounts are translated at the average rate of exchange prevailing during the period. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Foreign currency transaction gain or loss from remeasurements are recorded to other non-operating income (expense).
Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss).
Share repurchases	Share repurchases. Shares repurchased pursuant to the Company’s share repurchase plans are retired upon purchase. The cost of the repurchases in excess of the aggregate par value of the shares reduces capital in excess of par value, to the extent available, with any residual cost applied against retained earnings.
Recently issued accounting standards	Recently issued accounting standards. In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2023-07, “Improvements to Reportable Segment Disclosures,” (“ASU 2023-07”), which is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements . ASU 2023-07 provides for improved financial reporting by requiring disclosure of incremental segment information to enable investors to develop more decision-useful financial analyses. The Company is currently assessing the impact that adoption of this new accounting guidance will have on its consolidated financial statements and footnote disclosures. In December 2023, the FASB issued Accounting Standards Update 2023-09, “Improvements to Income Tax Disclosures,” (“ASU 2023-09”), which is effective for annual periods beginning after December 15, 2024. ASU 2023-09 intends to enhance the transparency as well as usefulness of income tax disclosures, primarily related to the rate reconciliation and income taxes paid. The Company is currently assessing the impact that adoption of this new accounting guidance will have on its consolidated financial statements and footnote disclosures.

BASIS OF PRESENTATION AND SIG_3

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Fair Value Measurements, Recurring and Nonrecurring	The following tables present information regarding the Company’s debt investments: Fair value level December 31, 2023 2022 (In thousands) Cash and cash equivalents: Money market funds Level 1 $ 18,828 $ 12,009 Commercial paper Level 2 — 5,992 Cash and cash equivalents 18,828 18,001 Short-term investments: U.S. government securities Level 1 37,805 56,835 U.S. agency securities Level 2 9,804 9,530 Commercial paper and certificates of deposit Level 2 — 4,466 Corporate bonds Level 2 364,926 213,875 Asset backed securities Level 2 7,170 — Short-term investments 419,705 284,706 Total debt investments $ 438,533 $ 302,707
Schedule of Estimated Useful Lives of Property and Equipment	Property and equipment are generally depreciated over the following estimated useful lives on a straight-line basis: Buildings and improvements 15 to 40 years Land improvements 10 to 20 years Furniture and fixtures 3 to 20 years Equipment 3 to 15 years Property and equipment, net consisted of the following: December 31, 2023 2022 (In thousands) Land $ 489,710 $ 438,954 Buildings, building improvements and land improvements 4,910,701 4,513,319 Furniture, fixtures and equipment 4,633,734 4,386,745 Construction in progress 506,242 647,256 10,540,387 9,986,274 Less: Accumulated depreciation (5,176,626) (4,912,917) Finance lease ROU assets, net 85,783 150,571 $ 5,449,544 $ 5,223,928
Schedule of Contract and Contract - Related Liabilities	The following table summarizes the activity related to contract and contract-related liabilities: Outstanding Chip Liability Loyalty Program Customer Advances and Other 2023 2022 2023 2022 2023 2022 (In thousands) Balance at January 1 $ 185,669 $ 176,219 $ 183,602 $ 144,465 $ 816,376 $ 640,001 Balance at December 31 211,606 185,669 201,973 183,602 766,226 816,376 Increase / (decrease) $ 25,937 $ 9,450 $ 18,371 $ 39,137 $ (50,150) $ 176,375
Schedule of Diluted Weighted-Average Number of Common and Common Equivalent Shares Adjustments for Potential Dilution of Share-Based Awards Outstanding	The table below reconciles basic and diluted income per share of common stock. Diluted net income attributable to common stockholders includes adjustments for redeemable noncontrolling interests. Diluted weighted average common and common equivalent shares include adjustments for potential dilution of stock-based awards outstanding under the Company’s stock compensation plan. Year Ended December 31, 2023 2022 2021 Numerator: (In thousands) Net income attributable to MGM Resorts International $ 1,142,180 $ 1,473,093 $ 1,254,370 Adjustment related to redeemable noncontrolling interests 2,128 (31,888) (78,298) Net income available to common stockholders - basic and diluted $ 1,144,308 $ 1,441,205 $ 1,176,072 Denominator: Weighted-average common shares outstanding - basic 354,926 409,201 481,930 Potential dilution from stock-based awards 3,701 3,792 5,426 Weighted-average common and common equivalent shares - diluted 358,627 412,993 487,356 Antidilutive stock-based awards excluded from the calculation of diluted earnings per share 353 603 198

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
ACCOUNTS RECEIVABLE, NET (Tables)	Dec. 31, 2023
Receivables [Abstract]
Schedule of Accounts Receivable, Net	Accounts receivable, net consisted of the following: December 31, 2023 2022 (In thousands) Casino $ 567,766 $ 500,986 Hotel 301,833 273,327 Other 190,012 191,102 1,059,611 965,415 Less: Loss reserves (130,476) (113,266) $ 929,135 $ 852,149
Schedule of Loss Reserve	Loss reserves consisted of the following: Balance at Beginning of Period Expected Credit Losses Write-offs, Net of Recoveries Balance at End of Period Loss reserves: (In thousands) Year Ended December 31, 2023 $ 113,266 $ 48,984 $ (31,774) $ 130,476 Year Ended December 31, 2022 128,348 22,738 (37,820) 113,266 Year Ended December 31, 2021 $ 126,589 $ 21,852 $ (20,093) $ 128,348

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	12 Months Ended
ACQUISITIONS AND DIVESTITURES (Tables)	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed	The following table sets forth the purchase price allocation (in thousands): Cash and cash equivalents $ 93,407 Receivables and other current assets 36,872 Technology 109,027 Trademarks 144,374 Customer lists 126,526 Goodwill 288,367 Other long-term assets 19,181 Accounts payable, accrued liabilities, and other current liabilities (118,302) Debt (104,439) Other long-term liabilities (36,457) Noncontrolling interests (2,861) $ 555,695 The following table sets forth the purchase price allocation (in thousands): Cash and cash equivalents $ 80,670 Receivables and other current assets 94,354 Property and equipment 120,912 Trademarks 130,000 Customer lists 95,000 Goodwill 1,289,468 Operating lease right-of-use-assets, net 3,404,894 Other long- term assets 23,709 Accounts payable, accrued liabilities, and other current liabilities (145,136) Operating lease liabilities (3,401,815) Other long-term liabilities (1,570) $ 1,690,486
Schedule of Pro Forma Financial Information	The unaudited pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of the indicated date. Pro forma results of operations for the LeoVegas and Push Gaming acquisitions have not been included because they are not material to the consolidated results of operations. Year Ended December 31, 2022 2021 (In thousands) Net revenues $ 13,550,304 $ 11,114,592 Net income attributable to MGM Resorts International 1,487,247 185,703
Schedule of Assets and Liabilities Derecognized and Classified as Held-for-sale	The major classes of assets and liabilities derecognized in connection with the VICI and The Mirage transactions in 2022 and the Gold Strike Tunica transaction in 2023 are as follows: VICI Transaction The Mirage Gold Strike Tunica (In thousands) Cash and cash equivalents $ 25,387 $ 26,230 $ 26,911 Accounts receivable, net — 22,062 2,466 Inventories — 6,783 1,087 Income tax receivable 5,486 — — Prepaid expenses and other 128 5,520 1,522 Property and equipment, net 9,250,519 26,724 21,300 Investments in and advances to unconsolidated affiliates 817,901 — — Goodwill — 10,249 40,523 Other intangible assets, net — 3,095 5,700 Operating lease right-of-use assets, net 236,255 1,316,086 507,231 Other long-term assets, net 3,991 5,377 1,251 Total assets $ 10,339,667 $ 1,422,126 $ 607,991 Accounts payable $ 1,136 $ 4,740 $ 1,657 Accrued interest on long-term debt 68,150 — — Other accrued liabilities 4,057 56,256 13,778 Deferred income taxes, net 1,284 — — Long-term debt, net 4,259,473 — — Operating lease liabilities 336,689 1,327,571 516,136 Other long-term obligations — 5,554 1,707 Total liabilities $ 4,670,789 $ 1,394,121 $ 533,278

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
PROPERTY AND EQUIPMENT, NET (Tables)	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment are generally depreciated over the following estimated useful lives on a straight-line basis: Buildings and improvements 15 to 40 years Land improvements 10 to 20 years Furniture and fixtures 3 to 20 years Equipment 3 to 15 years Property and equipment, net consisted of the following: December 31, 2023 2022 (In thousands) Land $ 489,710 $ 438,954 Buildings, building improvements and land improvements 4,910,701 4,513,319 Furniture, fixtures and equipment 4,633,734 4,386,745 Construction in progress 506,242 647,256 10,540,387 9,986,274 Less: Accumulated depreciation (5,176,626) (4,912,917) Finance lease ROU assets, net 85,783 150,571 $ 5,449,544 $ 5,223,928

INVESTMENTS IN AND ADVANCES T_2

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investments in and Advances to Unconsolidated Affiliates	Investments in and advances to unconsolidated affiliates consisted of the following: December 31, 2023 2022 (In thousands) BetMGM (50%) $ — $ 31,760 Other 240,803 141,279 $ 240,803 $ 173,039
Schedule of Share of Net Income (Loss) From Unconsolidated Affiliates	The Company recorded its share of income (loss) from unconsolidated affiliates, including adjustments for basis differences, as follows: Year Ended December 31, 2023 2022 2021 (In thousands) Income (loss) from unconsolidated affiliates $ (62,104) $ (160,213) $ 84,823 Non-operating items from unconsolidated affiliates (1,032) (23,457) (83,243) $ (63,136) $ (183,670) $ 1,580
Schedule of Share of Income (Loss) From Unconsolidated Affiliates	The following table summarizes information related to the Company’s share of operating income (loss) from unconsolidated affiliates: Year Ended December 31, 2023 2022 2021 (In thousands) CityCenter (through September 26, 2021) $ — $ — $ 128,127 MGP BREIT Venture (through April 29, 2022) — 51,051 155,817 BetMGM (90,894) (234,464) (211,182) Other 28,790 23,200 12,061 $ (62,104) $ (160,213) $ 84,823

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangible Assets	Goodwill and other intangible assets consisted of the following: December 31, 2023 2022 (In thousands) Goodwill $ 5,165,694 $ 5,029,312 Indefinite-lived intangible assets: Trademarks $ 759,468 $ 754,431 Gaming rights and other 382,235 385,060 Total indefinite-lived intangible assets 1,141,703 1,139,491 Finite-lived intangible assets: MGM Grand Paradise gaming subconcession — 4,519,486 Less: Accumulated amortization — (4,519,486) — — Customer lists 306,627 283,232 Less: Accumulated amortization (107,082) (60,055) 199,545 223,177 Gaming rights 333,191 106,600 Less: Accumulated amortization (63,086) (33,316) 270,105 73,284 Technology and other 154,469 129,061 Less: Accumulated amortization (41,240) (13,761) 113,229 115,300 Total finite-lived intangible assets, net 582,879 411,761 Total other intangible assets, net $ 1,724,582 $ 1,551,252
Schedule of Changes in Company's Goodwill by Reportable Segment	A summary of changes in the Company’s goodwill is as follows: 2023 Balance at January 1 Acquisitions/Divestitures Reclassifications Currency exchange Balance at December 31 (In thousands) Las Vegas Strip Resorts $ 2,707,009 $ — $ — $ — $ 2,707,009 Regional Operations 660,940 — — — 660,940 MGM China 1,350,878 — — (1,522) 1,349,356 Corporate and other 310,485 125,612 — 12,292 448,389 $ 5,029,312 $ 125,612 $ — $ 10,770 $ 5,165,694 2022 Balance at January 1 Acquisitions Reclassifications Currency exchange Balance at December 31 (In thousands) Las Vegas Strip Resorts $ 1,427,790 $ 1,279,219 $ — $ — $ 2,707,009 Regional Operations 701,463 — (40,523) — 660,940 MGM China 1,351,744 — — (866) 1,350,878 Corporate and other — 288,367 — 22,118 310,485 $ 3,480,997 $ 1,567,586 $ (40,523) $ 21,252 $ 5,029,312
Schedule of Estimated Future Amortization	As of December 31, 2023, estimated future amortization is as follows: Years ending December 31, (In thousands) 2024 $ 106,484 2025 104,587 2026 102,212 2027 83,819 2028 48,389 Thereafter 137,388 $ 582,879

OTHER ACCRUED LIABILITIES (Tabl

OTHER ACCRUED LIABILITIES (Tables)	12 Months Ended
OTHER ACCRUED LIABILITIES (Tables)	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Other Accrued Liabilities	Other accrued liabilities consisted of the following: December 31, 2023 2022 (In thousands) Contract and contract-related liabilities: Outstanding chip liability $ 211,606 $ 185,669 Loyalty program obligations 201,973 183,602 Casino front money 249,877 265,565 Advance deposits and ticket sales 316,345 346,651 Unpaid wagers and other 200,004 204,160 Other accrued liabilities: Payroll and related 628,158 478,051 Taxes, other than income taxes 390,890 211,756 Operating lease liabilities - current (Refer to Note 11) 74,988 53,981 Finance lease liabilities - current (Refer to Note 11) 9,166 72,420 Other 321,170 234,468 $ 2,604,177 $ 2,236,323

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
LONG-TERM DEBT (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following: December 31, 2023 2022 (In thousands) MGM China first revolving credit facility $ 371,300 $ 1,249,744 MGM China second revolving credit facility — 224,313 LeoVegas senior notes, due 2023 — 36,580 6% senior notes, due 2023 — 1,250,000 5.375% MGM China senior notes, due 2024 750,000 750,000 6.75% senior notes, due 2025 750,000 750,000 5.75% senior notes, due 2025 675,000 675,000 5.25% MGM China senior notes, due 2025 500,000 500,000 5.875% MGM China senior notes, due 2026 750,000 750,000 4.625% senior notes, due 2026 400,000 400,000 5.5% senior notes, due 2027 675,000 675,000 4.75% MGM China senior notes, due 2027 750,000 750,000 4.75% senior notes, due 2028 750,000 750,000 7% debentures, due 2036 552 552 6,371,852 8,761,189 Less: Premiums, discounts, and unamortized debt issuance costs, net (28,042) (41,899) 6,343,810 8,719,290 Less: Current portion — (1,286,473) $ 6,343,810 $ 7,432,817
Schedule of Interest Expense, Net	Interest expense, net consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) Total interest incurred $ 463,175 $ 595,692 $ 800,156 Interest capitalized (2,882) (738) (563) $ 460,293 $ 594,954 $ 799,593
Schedule of Maturities of Long-Term Debt	The maturities of the principal amount of the Company’s long-term debt as of December 31, 2023 are as follows: Year ending December 31, (In thousands) 2024 $ 750,000 2025 1,925,000 2026 1,521,300 2027 1,425,000 2028 750,000 Thereafter 552 $ 6,371,852

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income (Loss) Before Taxes for Domestic and Foreign Operations	Income (loss) before income taxes for domestic and foreign operations consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) Domestic operations $ 1,214,888 $ 4,251,418 $ 2,094,324 Foreign operations 257,875 (3,347,619) (632,520) $ 1,472,763 $ 903,799 $ 1,461,804
Schedule of Benefit (Provision) for Income Taxes Attributable to Income (Loss) Before Income Taxes	The benefit (provision) for income taxes attributable to income (loss) before income taxes is as follows: Year Ended December 31, 2023 2022 2021 Federal: (In thousands) Current $ (259,128) $ (206,426) $ (8,984) Deferred (excluding separate components) (48,363) (678,371) (189,657) Deferred – valuation allowance change 153,768 5,346 (14,967) Other noncurrent 10,969 18,326 (14,262) Provision for federal income taxes (142,754) (861,125) (227,870) State: Current (24,931) (10,389) 5 Deferred (excluding separate components) 11,206 (33,878) (28,068) Deferred – operating loss carryforward (12,219) (15,442) (27,936) Deferred – valuation allowance change (2,140) (2,345) (601) Other noncurrent — — 13,260 Provision for state income taxes (28,084) (62,054) (43,340) Foreign: Current 223 (2,259) (3,717) Deferred (excluding separate components) 5,611 311,614 8,943 Deferred – operating loss carryforward (57,485) 6,331 5,793 Deferred – valuation allowance change 64,650 (89,575) 6,776 Benefit for foreign income taxes 12,999 226,111 17,795 $ (157,839) $ (697,068) $ (253,415)
Schedule of Reconciliation of the Federal Income Tax Statutory Rate and the Company's Effective Tax Rate	A reconciliation of the federal income tax statutory rate and the Company’s effective tax rate is as follows: Year Ended December 31, 2023 2022 2021 Federal income tax statutory rate 21.0 % 21.0 % 21.0 % Noncontrolling interest (0.1) (2.4) (3.2) Foreign income/losses taxed at other than U.S. statutory rate (3.6) 53.3 8.2 Federal valuation allowance (10.4) (0.6) 1.0 State taxes, net 1.5 5.5 2.3 Gain on consolidation of CityCenter, net — — (10.1) General business credits (1.2) (1.5) (0.3) Incremental U.S. tax on foreign earnings 2.4 — — Permanent and other items 1.1 1.8 (1.6) 10.7 % 77.1 % 17.3 %
Schedule of Tax-Effected Components of the Company's Net Deferred Tax Liability	The tax-effected components of the Company’s net deferred tax liability are as follows: December 31, 2023 2022 Deferred tax assets – federal and state: (In thousands) Net operating loss carryforward $ 13,498 $ 23,151 Accruals, reserves and other 52,854 9,481 Lease liabilities 5,703,953 5,830,582 Tax credits 1,788,001 2,764,266 7,558,306 8,627,480 Less: Valuation allowance (1,598,291) (2,641,770) 5,960,015 5,985,710 Deferred tax assets – foreign: Net operating loss carryforward 141,201 198,686 Accruals, reserves and other 9,266 12,315 Property and equipment 33,944 32,585 Lease liabilities 1,270 1,219 185,681 244,805 Less: Valuation allowance (180,155) (244,805) 5,526 — Total deferred tax assets $ 5,965,541 $ 5,985,710 Deferred tax liabilities – federal and state: Property and equipment $ (389,854) $ (330,857) Investments in unconsolidated affiliates (584,448) (585,275) Investment in equity securities (2,234,754) (2,236,093) ROU assets (5,390,561) (5,612,241) Intangibles (197,893) (160,991) (8,797,510) (8,925,457) Deferred tax liabilities – foreign: Intangibles (29,028) (29,696) (29,028) (29,696) Total deferred tax liability (8,826,538) (8,955,153) Net deferred tax liability $ (2,860,997) $ (2,969,443)
Schedule of Income Tax Valuation Allowance	Deferred income tax valuation allowance consisted of the following: Balance at Beginning of Period Increase Decrease Balance at End of Period Deferred income tax valuation allowance: (In thousands) Year Ended December 31, 2023 $ 2,886,575 $ — $ (1,108,129) $ 1,778,446 Year Ended December 31, 2022 2,884,262 2,313 — 2,886,575 Year Ended December 31, 2021 2,875,595 8,667 — 2,884,262
Schedule of Reconciliation of the Beginning and Ending Amounts of Gross Unrecognized Tax Benefits	A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits is as follows: Year Ended December 31, 2023 2022 2021 (In thousands) Gross unrecognized tax benefits at January 1 $ 6,885 $ 19,568 $ 35,617 Gross increases - prior period tax positions 710 — 12,949 Gross decreases - prior period tax positions — (12,968) (13,388) Gross increases - current period tax positions 996 285 654 Settlements with Taxing Authorities — — (16,264) Gross unrecognized tax benefits at December 31 $ 8,591 $ 6,885 $ 19,568

LEASES (Tables)

LEASES (Tables)	12 Months Ended
LEASES (Tables)	Dec. 31, 2023
Leases [Abstract]
Schedule of Components of Lease Costs	Components of lease costs and other information related to the Company’s leases are: Year Ended December 31, 2023 2022 2021 (In thousands) Operating lease cost, primarily classified within “General and administrative” (1) $ 2,306,640 $ 1,986,853 $ 870,779 Finance lease costs Interest expense (2) $ 9,899 $ 9,233 $ 2,354 Amortization expense 65,629 76,039 73,475 Total finance lease costs $ 75,528 $ 85,272 $ 75,829 (1) Operating lease cost includes $331 million for each of the years ended December 31, 2023, 2022, and 2021, related to the Bellagio lease, which is held with a related party. (2) For the year ended December 31, 2021, interest expense includes the effect of COVID-19 related rent concessions, which was recognized as negative variable rent expense. Year Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities (In thousands) Operating cash outflows from operating leases $ 1,802,577 $ 1,535,637 $ 669,681 Operating cash outflows from finance leases 6,332 6,654 4,761 Financing cash outflows from finance leases (1) 71,611 84,139 73,257 ROU assets obtained in exchange for new lease liabilities Operating leases $ 15,089 $ 15,538,208 $ 3,388,120 Finance leases 3,073 87,856 24,433 (1) Included within “Other” within “Cash flows from financing activities” on the consolidated statements of cash flows.
Schedule of Supplemental Balance Sheet Information Related to Leases	December 31, 2023 2022 (In thousands) Operating leases Operating lease ROU assets, net (1) $ 24,027,465 $ 24,530,929 Operating lease liabilities - current, classified within “Other accrued liabilities” $ 74,988 $ 53,981 Operating lease liabilities - long-term (2) 25,127,464 25,149,299 Total operating lease liabilities $ 25,202,452 $ 25,203,280 Finance leases Finance lease ROU assets, net, classified within “Property and equipment, net” $ 85,783 $ 150,571 Finance lease liabilities - current, classified within "Other accrued liabilities" $ 9,166 $ 72,420 Finance lease liabilities - long-term, classified within “Other long-term obligations” 85,391 88,181 Total finance lease liabilities $ 94,557 $ 160,601 Weighted average remaining lease term (years) Operating leases 25 26 Finance leases 22 14 Weighted average discount rate (%) Operating leases 7 7 Finance leases 6 5 (1) As of December 31, 2023 and 2022, operating lease right-of-use assets, net included $3.5 billion related to the Bellagio lease for each of the respective periods. (2)
Schedule of Finance Lease Maturity	Maturities of lease liabilities were as follows: Operating Leases Finance Leases Year ending December 31, (In thousands) 2024 $ 1,834,330 $ 15,835 2025 1,859,882 9,733 2026 1,886,090 7,158 2027 1,913,782 7,116 2028 1,941,940 7,036 Thereafter 48,942,392 128,194 Total future minimum lease payments 58,378,416 175,072 Less: Amount of lease payments representing interest (33,175,964) (80,515) Present value of future minimum lease payments 25,202,452 94,557 Less: Current portion (74,988) (9,166) Long-term portion of lease liabilities $ 25,127,464 $ 85,391
Schedule of Operating Lease Maturity	Maturities of lease liabilities were as follows: Operating Leases Finance Leases Year ending December 31, (In thousands) 2024 $ 1,834,330 $ 15,835 2025 1,859,882 9,733 2026 1,886,090 7,158 2027 1,913,782 7,116 2028 1,941,940 7,036 Thereafter 48,942,392 128,194 Total future minimum lease payments 58,378,416 175,072 Less: Amount of lease payments representing interest (33,175,964) (80,515) Present value of future minimum lease payments 25,202,452 94,557 Less: Current portion (74,988) (9,166) Long-term portion of lease liabilities $ 25,127,464 $ 85,391

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
STOCKHOLDERS’ EQUITY (Tables)	Dec. 31, 2023
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss Attributable to MGM Resorts International by Component	Changes in accumulated other comprehensive income (loss) attributable to MGM Resorts International are as follows: Currency Translation Adjustments Cash Flow Hedges Other Total (In thousands) Balances, January 1, 2021 $ 12,964 $ (55,357) $ 11,716 $ (30,677) Other comprehensive income (loss) before reclassifications (24,655) 12,588 — (12,067) Amounts reclassified to interest expense — 22,200 — 22,200 Other comprehensive income (loss), net of tax (24,655) 34,788 — 10,133 Other changes: MGP Class A share issuances — — 3,240 3,240 Redemption of MGP OP units — — 5,327 5,327 Other — — (2,358) (2,358) Net changes (24,655) 34,788 6,209 16,342 Other comprehensive (income) loss attributable to noncontrolling interest 10,784 (21,065) — (10,281) Balances, December 31, 2021 (907) (41,634) 17,925 (24,616) Other comprehensive income before reclassifications 27,336 30,692 — 58,028 Amounts reclassified to interest expense — 7,000 — 7,000 Other comprehensive income, net of tax 27,336 37,692 — 65,028 Other changes: Deconsolidation of MGP — 28,151 (17,067) 11,084 Other 1,074 — (1,794) (720) Net changes 28,410 65,843 (18,861) 75,392 Other comprehensive (income) loss attributable to noncontrolling interest 6,932 (24,209) — (17,277) Balances, December 31, 2022 34,435 — (936) 33,499 Other comprehensive income before reclassifications 109,278 — — 109,278 Amounts reclassified to "Other, net" — — 936 936 Other comprehensive income, net of tax 109,278 — 936 110,214 Other comprehensive loss attributable to noncontrolling interest 183 — — 183 Balances, December 31, 2023 $ 143,896 $ — $ — $ 143,896
Summary of Net Income Attributable to and Transfers from Noncontrolling Interest, Which Shows Effects of Changes in Company's Ownership Interest in a Subsidiary	The following is a summary of net income attributable to MGM Resorts International and transfers to noncontrolling interest, which shows the effects of changes in the Company’s ownership interest in a subsidiary on the equity attributable to the Company: For the Years Ended December 31, 2023 2022 2021 (In thousands) Net income attributable to MGM Resorts International $ 1,142,180 $ 1,473,093 $ 1,254,370 Transfers from/(to) noncontrolling interest: MGP Class A share issuances — — 103,174 Redemption of MGP OP units — — 176,659 Deconsolidation of MGP — 11,084 — Other — (120) (5,062) Net transfers from noncontrolling interest — 10,964 274,771 Change from net income attributable to MGM Resorts International and transfers to noncontrolling interest $ 1,142,180 $ 1,484,057 $ 1,529,141

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
STOCK-BASED COMPENSATION (Tables)	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Compensation Cost Recognized	Compensation cost was recognized as follows: Year Ended December 31, 2023 2022 2021 Compensation cost: (In thousands) Omnibus Plan $ 67,375 $ 60,264 $ 53,683 MGM Growth Properties Omnibus Incentive Plan — 5,112 4,827 MGM China share-based compensation plans 6,232 5,920 6,673 Total compensation cost 73,607 71,296 65,183 Less: Reimbursed costs and capitalized cost (21) — (1,198) Compensation cost after reimbursed costs and capitalized cost 73,586 71,296 63,985 Less: Related tax benefit (15,975) (14,458) (12,982) Compensation cost, net of tax benefit $ 57,611 $ 56,838 $ 51,003

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Tables)	Dec. 31, 2023
Retirement Benefits [Abstract]
Table Outlining Company's Participation in Pension Plans	The Company’s participation in these plans is presented below. EIN/Pension Pension Protection Act Zone Status (2) FIP/RP Contributions by the Company (in thousands) (4) Surcharge Expiration Dates of Collective Bargaining Agreements Pension Fund (1) Plan Number 2022 2021 Status (3) 2023 2022 2021 Imposed Southern Nevada Culinary and Bartenders Pension Plan 88-6016617/001 Green Green No $ 59,172 $ 56,235 $ 37,242 No 05/31/2024 (5); 05/31/2025 (5); 09/30/2028 (5) The Legacy Plan of the UNITE HERE Retirement Fund (UHF) 82-0994119/001 Red Red Implemented $ 10,113 $ 8,650 $ 7,683 No 5/31/2026 (1) The Company was listed in the plan's Form 5500 as providing more than 5% of the total contributions for the plan years 2022 and 2021 for both plans. At the date the financial statements were issued, Form 5500 was not available for the plan year 2023. (2) The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Plans in the red zone are generally less than 65% funded (critical status) and plans in the green zone are at least 80% funded. (3) Indicates plans for which a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) is either pending or has been implemented. (4) There have been no significant changes that affect the comparability of contributions. (5) The Company is party to eleven collective bargaining agreements (CBA) that provide for contributions to the Southern Nevada Culinary and Bartenders Pension Plan, which are primarily with the Local Joint Executive Board of Las Vegas, for and on behalf of the Culinary Workers Union and Bartenders Union. The agreements between Aria, Bellagio, The Cosmopolitan, Mandalay Bay, and MGM Grand Las Vegas are the most significant because more than two-thirds of the Company’s employee participants in this plan are covered by those five agreements.

PROPERTY TRANSACTIONS, NET (Tab

PROPERTY TRANSACTIONS, NET (Tables)	12 Months Ended
PROPERTY TRANSACTIONS, NET (Tables)	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property Transactions, Net	Property transactions, net consisted of the following: Year Ended December 31, 2023 2022 2021 (In thousands) Gain on sale of the operations of Gold Strike Tunica $ (398,787) $ — $ — Gain on sale of the operations of The Mirage — (1,066,784) — Other property transactions, net 28,274 29,787 (67,736) $ (370,513) $ (1,036,997) $ (67,736)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Information	The following tables present the Company’s segment information: Year Ended December 31, 2023 2022 2021 (In thousands) Net revenue Las Vegas Strip Resorts Casino $ 2,127,612 $ 2,104,096 $ 1,549,419 Rooms 3,027,668 2,729,715 1,402,712 Food and beverage 2,289,812 2,125,738 1,015,366 Entertainment, retail and other 1,354,054 1,438,823 769,688 8,799,146 8,398,372 4,737,185 Regional Operations Casino 2,712,205 2,901,072 2,721,515 Rooms 296,100 284,213 220,828 Food and beverage 440,002 429,188 307,750 Entertainment, retail and other, and reimbursed costs 222,002 201,412 142,270 3,670,309 3,815,885 3,392,363 MGM China Casino 2,787,837 567,573 1,057,962 Rooms 177,158 43,216 66,498 Food and beverage 161,669 49,312 68,489 Entertainment, retail and other 26,945 13,492 17,812 3,153,609 673,593 1,210,761 Reportable segment net revenues 15,623,064 12,887,850 9,340,309 Corporate and other 541,185 239,635 339,831 $ 16,164,249 $ 13,127,485 $ 9,680,140 Year Ended December 31, 2023 2022 2021 (In thousands) Adjusted Property EBITDAR Las Vegas Strip Resorts $ 3,190,486 $ 3,142,308 $ 1,738,211 Regional Operations 1,133,196 1,294,630 1,217,814 MGM China 866,889 (203,136) 25,367 Reportable segment Adjusted Property EBITDAR 5,190,571 4,233,802 2,981,392 Other operating income (expense) Corporate and other, net (602,216) (736,548) (560,309) Preopening and start-up expenses (415) (1,876) (5,094) Property transactions, net 370,513 1,036,997 67,736 Depreciation and amortization (814,128) (3,482,050) (1,150,610) Gain on REIT transactions, net — 2,277,747 — Gain on consolidation of CityCenter, net — — 1,562,329 Triple-net operating lease and ground lease rent expense (2,263,649) (1,950,566) (833,158) Gain related to sale of Harmon land - unconsolidated affiliate — — 49,755 Income from unconsolidated affiliates related to real estate ventures 10,821 61,866 166,658 Operating income 1,891,497 1,439,372 2,278,699 Non-operating income (expense) Interest expense, net of amounts capitalized (460,293) (594,954) (799,593) Non-operating items from unconsolidated affiliates (1,032) (23,457) (83,243) Other, net 42,591 82,838 65,941 (418,734) (535,573) (816,895) Income before income taxes 1,472,763 903,799 1,461,804 Provision for income taxes (157,839) (697,068) (253,415) Net income 1,314,924 206,731 1,208,389 Less: Net (income) loss attributable to noncontrolling interests (172,744) 1,266,362 45,981 Net income attributable to MGM Resorts International $ 1,142,180 $ 1,473,093 $ 1,254,370 Year Ended December 31, 2023 2022 2021 Capital expenditures: (In thousands) Las Vegas Strip Resorts $ 527,104 $ 411,222 $ 266,944 Regional Operations 135,848 190,811 77,406 MGM China 45,331 30,540 67,989 Reportable segment capital expenditures 708,283 632,573 412,339 Corporate and other 223,530 132,494 78,358 $ 931,813 $ 765,067 $ 490,697
Schedule of Long Lived Assets Presented by Geographic Region	Long-lived assets, which includes property and equipment, net, operating and finance lease right-of-use assets, net, goodwill, and other intangible assets, net, presented by geographic region are as follows: December 31, 2023 2022 2021 Long-lived assets: (In thousands) United States $ 31,194,157 $ 31,330,909 $ 25,848,917 China and all other foreign countries 5,173,128 5,004,512 7,176,763 $ 36,367,285 $ 36,335,421 $ 33,025,680

ORGANIZATION - Additional Infor

ORGANIZATION - Additional Information (Details)	12 Months Ended
ORGANIZATION - Additional Information (Details)	Dec. 31, 2023 property segment
Organization Disclosure [Line Items]
Number of reportable segments \| segment	3
BetMGM
Organization Disclosure [Line Items]
Ownership interest (in percent)	50%
BetMGM \| Entain plc
Organization Disclosure [Line Items]
Ownership interest (in percent)	50%
Japanese Joint Venture \| JAPAN
Organization Disclosure [Line Items]
Ownership interest (in percent)	50%
MGM China
Organization Disclosure [Line Items]
Controlling interest (in percent)	56%
Number of integrated casino \| property	2

BASIS OF PRESENTATION AND SIG_4

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details) MOP$ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 MOP (MOP$)
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Investments in and advances to unconsolidated affiliates		$ 240,803,000	$ 173,039,000
Ownership interest (in percent)		100%
Fair value of equity investments		$ 435,000,000	461,000,000
Gain (loss) on equity investments		(26,000,000)	10,000,000	$ 28,000,000
Impairment charges		0	0	0
Accrual for property and equipment within accounts payable		84,000,000	80,000,000
Advertising expense		299,000,000	235,000,000	121,000,000
MGM National Harbor
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Payments for repurchase of redeemable noncontrolling interest		138,000,000	21,000,000	1,000,000
Food and Beverage Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Lease revenue		78,000,000	72,000,000	43,000,000
Entertainment Retail and Other Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Lease revenue		114,000,000	118,000,000	$ 85,000,000
June 2022 Sub Concession Extension Contract \| MGM Grand Paradise SA
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Pledged cash		$ 87,000,000	124,000,000		MOP$ 700
Circus Circus Las Vegas and Adjacent Land
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Repayment of note receivable	$ 170,000,000
Circus Circus Las Vegas and Adjacent Land \| Other Assets, Net
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Carrying value of note receivable			$ 167,000,000
Accounts Receivable \| Credit Concentration Risk \| Casino
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Gross casino accounts receivable (in percent)		54%	52%

BASIS OF PRESENTATION AND SIG_5

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Debt Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	$ 438,533	$ 302,707
Cash and cash equivalents
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	18,828	18,001
Cash and cash equivalents \| Level 1 \| Money market funds
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	18,828	12,009
Cash and cash equivalents \| Level 2 \| Commercial paper
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	0	5,992
Short-term investments
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	419,705	284,706
Short-term investments \| Level 1 \| U.S. government securities
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	37,805	56,835
Short-term investments \| Level 2 \| U.S. agency securities
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	9,804	9,530
Short-term investments \| Level 2 \| Commercial paper and certificates of deposit
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	0	4,466
Short-term investments \| Level 2 \| Corporate bonds
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	364,926	213,875
Short-term investments \| Level 2 \| Asset backed securities
Debt and Equity Securities, FV-NI [Line Items]
Total debt investments	$ 7,170	$ 0

BASIS OF PRESENTATION AND SIG_6

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Useful Lives of Property and Equipment (Details)	Dec. 31, 2023
Minimum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful life	15 years
Minimum \| Land improvements
Property, Plant and Equipment [Line Items]
Useful life	10 years
Minimum \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Equipment
Property, Plant and Equipment [Line Items]
Useful life	3 years
Maximum \| Buildings and improvements
Property, Plant and Equipment [Line Items]
Useful life	40 years
Maximum \| Land improvements
Property, Plant and Equipment [Line Items]
Useful life	20 years
Maximum \| Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful life	20 years
Maximum \| Equipment
Property, Plant and Equipment [Line Items]
Useful life	15 years

BASIS OF PRESENTATION AND SIG_7

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Contract and Contract - related Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Outstanding Chip Liability
Contract With Customer, Liability [Roll Forward]
Balance at January 1	$ 185,669	$ 176,219
Balance at December 31	211,606	185,669
Increase / (decrease)	25,937	9,450
Loyalty Program
Contract With Customer, Liability [Roll Forward]
Balance at January 1	183,602	144,465
Balance at December 31	201,973	183,602
Increase / (decrease)	18,371	39,137
Customer Advances and Other
Contract With Customer, Liability [Roll Forward]
Balance at January 1	816,376	640,001
Balance at December 31	766,226	816,376
Increase / (decrease)	$ (50,150)	$ 176,375

BASIS OF PRESENTATION AND SIG_8

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Schedule of Diluted Weighted-Average Number of Common and Common Equivalent Shares Adjustments for Potential Dilution of Share-Based Awards Outstanding (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income attributable to MGM Resorts International	$ 1,142,180	$ 1,473,093	$ 1,254,370
Adjustment related to redeemable noncontrolling interests	2,128	(31,888)	(78,298)
Net income available to common stockholders - basic	1,144,308	1,441,205	1,176,072
Net income available to common stockholders - diluted	$ 1,144,308	$ 1,441,205	$ 1,176,072
Denominator:
Weighted-average common shares outstanding - basic	354,926	409,201	481,930
Potential dilution from stock-based awards	3,701	3,792	5,426
Weighted-average common and common equivalent shares - diluted	358,627	412,993	487,356
Antidilutive stock-based awards excluded from the calculation of diluted earnings per share	353	603	198

ACCOUNTS RECEIVABLE, NET - Sche

ACCOUNTS RECEIVABLE, NET - Schedule of Accounts Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 1,059,611	$ 965,415
Less: Loss reserves	(130,476)	(113,266)	$ (128,348)	$ (126,589)
Accounts receivable, net	929,135	852,149
Casino
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	567,766	500,986
Hotel
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	301,833	273,327
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, gross	$ 190,012	$ 191,102

ACCOUNTS RECEIVABLE, NET - Sc_2

ACCOUNTS RECEIVABLE, NET - Schedule of Loss Reserve (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loss reserves:
Balance at Beginning of Period	$ 113,266	$ 128,348	$ 126,589
Expected Credit Losses	48,984	22,738	21,852
Write-offs, Net of Recoveries	(31,774)	(37,820)	(20,093)
Balance at End of Period	$ 130,476	$ 113,266	$ 128,348

ACQUISITIONS AND DIVESTITURES -

ACQUISITIONS AND DIVESTITURES - Additional Information (Details) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

4 Months Ended

7 Months Ended

12 Months Ended

Aug. 31, 2023 USD ($)

Feb. 15, 2023 USD ($)

Dec. 19, 2022 USD ($)

May 17, 2022 USD ($)

Apr. 29, 2022 USD ($) shares

Sep. 28, 2021 USD ($)

Sep. 27, 2021 USD ($)

Feb. 28, 2023 USD ($)

Dec. 31, 2022 USD ($)

Sep. 22, 2022 USD ($)

Jun. 30, 2023 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2022 USD ($)

Sep. 06, 2022 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Sep. 07, 2022

May 02, 2022 kr / shares

Apr. 28, 2022

Jul. 30, 2021 $ / shares

Business Acquisition [Line Items]

Goodwill

$ 5,029,312

$ 3,480,997

$ 5,029,312

$ 5,165,694

$ 5,029,312

$ 3,480,997

Cash consideration for acquisition

122,058

1,889,118

1,789,604

Gain on consolidation of CityCenter, net

1,562,329

Gain (loss) on sale of real estate assets

2,277,747

Noncontrolling interests

378,594

522,975

378,594

Proceeds from sale of operating resorts

$ 460,392

$ 1,054,313

$ 0

MGM Growth Properties Operating Partnership LP

Business Acquisition [Line Items]

Ownership interest by noncontrolling owner

41.50%

MGM Growth Properties Operating Partnership LP | MGM Growth Properties LLC

Business Acquisition [Line Items]

Ownership interest by parent

58.50%

MGP BREIT Venture | Subsidiary of MGP OP

Business Acquisition [Line Items]

Ownership interest by parent

50.10%

Discontinued Operations, Disposed of by Sale | The Mirage

Business Acquisition [Line Items]

Decrease in annual rent payment

$ 90,000

Discontinued Operations, Disposed of by Sale | VICI Transaction

Business Acquisition [Line Items]

Gain (loss) on sale of real estate assets

$ 2,300,000

Consideration received from sale of real estate assets

4,800,000

Noncontrolling interests

3,200,000

Carrying value of assets and liabilities and comprehensive income

5,700,000

Disposal Group, Held-for-Sale, Not Discontinued Operations | Gold Strike Tunica

Business Acquisition [Line Items]

Decrease in annual rent payment

$ 40,000

Affiliated Entity | Discontinued Operations, Disposed of by Sale | The Mirage

Business Acquisition [Line Items]

Gain (loss) on sale of real estate assets

$ 1,100,000

Consideration received from sale of real estate assets

1,100,000

Carrying value of assets and liabilities and comprehensive income

28,000

Proceeds from sale of operating resorts

1,075,000

Decrease in annual rent payment

$ 90,000

V I C I Properties Inc

Business Acquisition [Line Items]

Cash tender price

$ 4,400,000

Stock issued during period, issued for services (in shares) | shares

1.366

Operating partnership units received (in shares) | shares

1.366

Operating partnership units received (in shares)

Business combination retaining ownership interest

$ 375,000

CNE Gaming Holdings, LLC | Disposal Group, Held-for-Sale, Not Discontinued Operations | Gold Strike Tunica

Business Acquisition [Line Items]

Gain (loss) on sale of real estate assets

$ 399,000

Consideration received from sale of real estate assets

474,000

Carrying value of assets and liabilities and comprehensive income

75,000

Proceeds from sale of operating resorts

450,000

Decrease in annual rent payment

$ 40,000

LeoVegas

Business Acquisition [Line Items]

Ownership interest acquired (in percent)

65%

Cash tender price

$ 370,000

Goodwill

$ 288,367

Shares tendered (in percent)

Tender offer price (in krona per share) | kr / shares

kr 61

Operating partnership equity interest (in percent)

31%

Equity interests issued and issuable

$ 172,000

Remaining outstanding shares, fair value

$ 11,000

Ownership interest after transaction (in percent)

100%

Assets acquired and liabilities assumed

$ 556,000

Useful life (in years)

5 years

Acquiree net revenue

133,000

Acquiree operating income (loss)

(13,000)

Acquiree net income (loss)

$ (15,000)

LeoVegas | Technology

Business Acquisition [Line Items]

Amortizable intangible assets

$ 109,027

Cosmopolitan of Las Vegas

Business Acquisition [Line Items]

Ownership interest acquired (in percent)

100%

Cash tender price

$ 1,700,000

Goodwill

1,289,468

Assets acquired and liabilities assumed

1,690,486

Acquiree net revenue

783,000

Acquiree operating income (loss)

117,000

Acquiree net income (loss)

$ 117,000

Cash consideration for acquisition

$ 1,625,000

Cosmopolitan of Las Vegas | Customer lists

Business Acquisition [Line Items]

Useful life (in years)

7 years

CityCenter Holdings, LLC

Business Acquisition [Line Items]

Ownership interest acquired (in percent)

50%

Operating partnership equity interest (in percent)

50%

Ownership interest after transaction (in percent)

100%

Acquiree net revenue

367,000

Acquiree operating income (loss)

69,000

Acquiree net income (loss)

$ 68,000

Cash consideration for acquisition

$ 2,125,000

Business combination, step acquisition, equity interest in acquiree, fair value

4,250,000

Gain on consolidation of CityCenter, net

$ 1,600,000

CityCenter Holdings, LLC | Aria and Vdara | Affiliated Entity

Business Acquisition [Line Items]

Gain (loss) on sale of real estate assets

$ 3,890,000

VICI Transaction | V I C I Properties Inc

Business Acquisition [Line Items]

Business acquisition, share price | $ / shares

$ 43

Push Gaming

Business Acquisition [Line Items]

Ownership interest acquired (in percent)

86%

Cash tender price

$ 145,000

Goodwill

$ 126,000

Amortizable intangible assets

$ 40,000

ACQUISITIONS AND DIVESTITURES_2

ACQUISITIONS AND DIVESTITURES - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Sep. 22, 2022	May 17, 2022	Dec. 31, 2021
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Goodwill	$ 5,165,694	$ 5,029,312			$ 3,480,997
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill	$ 5,165,694	$ 5,029,312			$ 3,480,997
LeoVegas
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Cash and cash equivalents			$ 93,407
Receivables and other current assets			36,872
Goodwill			288,367
Other long-term assets			19,181
Accounts payable, accrued liabilities, and other current liabilities			(118,302)
Debt			(104,439)
Other long-term liabilities			(36,457)
Noncontrolling interests			(2,861)
Total assets acquired and liabilities assumed less noncontrolling interest			555,695
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Cash and cash equivalents			93,407
Receivables and other current assets			36,872
Goodwill			288,367
Other long- term assets			19,181
Accounts payable, accrued liabilities, and other current liabilities			(118,302)
Other long-term liabilities			(36,457)
Assets acquired and liabilities assumed			556,000
LeoVegas \| Technology
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Technology			109,027
LeoVegas \| Trademarks
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Intangible assets, other than goodwill			144,374
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets, other than goodwill			144,374
LeoVegas \| Customer lists
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Intangible assets, other than goodwill			126,526
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets, other than goodwill			$ 126,526
Cosmopolitan of Las Vegas
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Cash and cash equivalents				$ 80,670
Receivables and other current assets				94,354
Goodwill				1,289,468
Other long-term assets				23,709
Accounts payable, accrued liabilities, and other current liabilities				(145,136)
Other long-term liabilities				(1,570)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Cash and cash equivalents				80,670
Receivables and other current assets				94,354
Property and equipment				120,912
Goodwill				1,289,468
Operating lease right-of-use-assets, net				3,404,894
Other long- term assets				23,709
Accounts payable, accrued liabilities, and other current liabilities				(145,136)
Operating lease liabilities				(3,401,815)
Other long-term liabilities				(1,570)
Assets acquired and liabilities assumed				1,690,486
Cosmopolitan of Las Vegas \| Trademarks
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Intangible assets, other than goodwill				130,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets, other than goodwill				130,000
Cosmopolitan of Las Vegas \| Customer lists
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest [Abstract]
Intangible assets, other than goodwill				95,000
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets, other than goodwill				$ 95,000

ACQUISITIONS AND DIVESTITURES_3

ACQUISITIONS AND DIVESTITURES - Schedule of Pro Forma Financial Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Net revenues	$ 13,550,304	$ 11,114,592
Net income attributable to MGM Resorts International	$ 1,487,247	$ 185,703

ACQUISITIONS AND DIVESTITURES_4

ACQUISITIONS AND DIVESTITURES - Schedule of Assets and Liabilities Derecognized and Classified as Held for Sale (Details) - Discontinued Operations, Disposed of by Sale $ in Thousands	Dec. 31, 2023 USD ($)
VICI Transaction
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Cash and cash equivalents	$ 25,387
Accounts receivable, net	0
Inventories	0
Income tax receivable	5,486
Prepaid expenses and other	128
Property and equipment, net	9,250,519
Investments in and advances to unconsolidated affiliates	817,901
Goodwill	0
Other intangible assets, net	0
Operating lease right-of-use assets, net	236,255
Other long-term assets, net	3,991
Total assets	10,339,667
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Accounts payable	1,136
Accrued interest on long-term debt	68,150
Other accrued liabilities	4,057
Deferred income taxes, net	1,284
Long-term debt, net	4,259,473
Operating lease liabilities	336,689
Other long-term obligations	0
Total liabilities	4,670,789
The Mirage
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Cash and cash equivalents	26,230
Accounts receivable, net	22,062
Inventories	6,783
Income tax receivable	0
Prepaid expenses and other	5,520
Property and equipment, net	26,724
Investments in and advances to unconsolidated affiliates	0
Goodwill	10,249
Other intangible assets, net	3,095
Operating lease right-of-use assets, net	1,316,086
Other long-term assets, net	5,377
Total assets	1,422,126
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Accounts payable	4,740
Accrued interest on long-term debt	0
Other accrued liabilities	56,256
Deferred income taxes, net	0
Long-term debt, net	0
Operating lease liabilities	1,327,571
Other long-term obligations	5,554
Total liabilities	1,394,121
Gold Strike Tunica
Disposal Group, Including Discontinued Operation, Assets [Abstract]
Cash and cash equivalents	26,911
Accounts receivable, net	2,466
Inventories	1,087
Income tax receivable	0
Prepaid expenses and other	1,522
Property and equipment, net	21,300
Investments in and advances to unconsolidated affiliates	0
Goodwill	40,523
Other intangible assets, net	5,700
Operating lease right-of-use assets, net	507,231
Other long-term assets, net	1,251
Total assets	607,991
Disposal Group, Including Discontinued Operation, Liabilities [Abstract]
Accounts payable	1,657
Accrued interest on long-term debt	0
Other accrued liabilities	13,778
Deferred income taxes, net	0
Long-term debt, net	0
Operating lease liabilities	516,136
Other long-term obligations	1,707
Total liabilities	$ 533,278

PROPERTY AND EQUIPMENT, NET - S

PROPERTY AND EQUIPMENT, NET - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 10,540,387	$ 9,986,274
Less: Accumulated depreciation	(5,176,626)	(4,912,917)
Finance lease ROU assets, net	85,783	150,571
Total property, plant and equipment, net	5,449,544	5,223,928
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	489,710	438,954
Buildings, building improvements and land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,910,701	4,513,319
Furniture, fixtures and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,633,734	4,386,745
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 506,242	$ 647,256

INVESTMENTS IN AND ADVANCES T_3

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES - Schedule of Investments in and Advances to Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated affiliates	$ 240,803	$ 173,039
BetMGM
Schedule Of Equity Method Investments [Line Items]
Ownership interest (in percent)	50%
Investments in and advances to unconsolidated affiliates	$ 0	31,760
Other
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated affiliates	$ 240,803	$ 141,279

INVESTMENTS IN AND ADVANCES T_4

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Distributions from unconsolidated affiliates		$ 20,121	$ 37,435	$ 99,370
Distributions from unconsolidated affiliates		8,342	10,361	9,694
MGP BREIT Venture
Schedule Of Equity Method Investments [Line Items]
Distributions from unconsolidated affiliates			32,000	94,000
BetMGM
Schedule Of Equity Method Investments [Line Items]
Shares of losses in excess of equity method investment		5,000
Contributions to unconsolidated affiliates		$ 50,000	$ 225,000	225,000
Ownership interest (in percent)		50%
Harmon Land \| CityCenter Holdings, LLC
Schedule Of Equity Method Investments [Line Items]
Consideration received from sale of real estate assets	$ 80,000
Recognized gain on sale, unconsolidated affiliates and reversal of basis differences	30,000
Harmon Land \| City Center Holdings L L C As Investee
Schedule Of Equity Method Investments [Line Items]
Consideration received from sale of real estate assets	50,000
Recognized gain on sale, unconsolidated affiliates and reversal of basis differences	35,000
Distributions from unconsolidated affiliates	$ 15,000
Ownership interest (in percent)	50%
Other
Schedule Of Equity Method Investments [Line Items]
Equity method investment, other than temporary impairment				$ 22,000

INVESTMENTS IN AND ADVANCES T_5

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES - Schedule of Share of Net Income (Loss) From Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Income (loss) from unconsolidated affiliates	$ (62,104)	$ (160,213)	$ 84,823
Non-operating items from unconsolidated affiliates	(1,032)	(23,457)	(83,243)
Net income from unconsolidated affiliates	$ (63,136)	$ (183,670)	$ 1,580

INVESTMENTS IN AND ADVANCES T_6

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED AFFILIATES - Schedule of Share of Income (Loss) From Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Income (loss) from unconsolidated affiliates	$ (62,104)	$ (160,213)	$ 84,823
CityCenter (through September 26, 2021)
Schedule Of Equity Method Investments [Line Items]
Income (loss) from unconsolidated affiliates	0	0	128,127
MGP BREIT Venture (through April 29, 2022)
Schedule Of Equity Method Investments [Line Items]
Income (loss) from unconsolidated affiliates	0	51,051	155,817
BetMGM
Schedule Of Equity Method Investments [Line Items]
Income (loss) from unconsolidated affiliates	(90,894)	(234,464)	(211,182)
Other
Schedule Of Equity Method Investments [Line Items]
Income (loss) from unconsolidated affiliates	$ 28,790	$ 23,200	$ 12,061

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 5,165,694	$ 5,029,312	$ 3,480,997
Total indefinite-lived intangible assets	1,141,703	1,139,491
Total finite-lived intangible assets, net	582,879	411,761
Total other intangible assets, net	1,724,582	1,551,252
Gaming Subconcession \| MGM Grand Paradise
Goodwill And Intangible Assets [Line Items]
Finite-lived intangible assets:	0	4,519,486
Less: Accumulated amortization	0	(4,519,486)
Total finite-lived intangible assets, net	0	0
Customer lists
Goodwill And Intangible Assets [Line Items]
Finite-lived intangible assets:	306,627	283,232
Less: Accumulated amortization	(107,082)	(60,055)
Total finite-lived intangible assets, net	199,545	223,177
Gaming rights
Goodwill And Intangible Assets [Line Items]
Finite-lived intangible assets:	333,191	106,600
Less: Accumulated amortization	(63,086)	(33,316)
Total finite-lived intangible assets, net	270,105	73,284
Technology and other
Goodwill And Intangible Assets [Line Items]
Finite-lived intangible assets:	154,469	129,061
Less: Accumulated amortization	(41,240)	(13,761)
Total finite-lived intangible assets, net	113,229	115,300
Trademarks
Goodwill And Intangible Assets [Line Items]
Total indefinite-lived intangible assets	759,468	754,431
Gaming rights and other
Goodwill And Intangible Assets [Line Items]
Total indefinite-lived intangible assets	$ 382,235	$ 385,060

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Changes in Company's Goodwill by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 5,029,312	$ 3,480,997
Acquisitions/Divestitures	125,612
Acquisitions		1,567,586
Reclassifications	0
Reclassifications		(40,523)
Currency exchange	10,770	21,252
Goodwill, ending balance	5,165,694	5,029,312
Reportable segments \| Las Vegas Strip Resorts
Goodwill [Roll Forward]
Goodwill, beginning balance	2,707,009	1,427,790
Acquisitions/Divestitures	0
Acquisitions		1,279,219
Reclassifications	0
Reclassifications		0
Currency exchange	0	0
Goodwill, ending balance	2,707,009	2,707,009
Reportable segments \| Regional Operations
Goodwill [Roll Forward]
Goodwill, beginning balance	660,940	701,463
Acquisitions/Divestitures	0
Acquisitions		0
Reclassifications	0
Reclassifications		(40,523)
Currency exchange	0	0
Goodwill, ending balance	660,940	660,940
Reportable segments \| MGM China
Goodwill [Roll Forward]
Goodwill, beginning balance	1,350,878	1,351,744
Acquisitions/Divestitures	0
Acquisitions		0
Reclassifications	0
Reclassifications		0
Currency exchange	(1,522)	(866)
Goodwill, ending balance	1,349,356	1,350,878
Corporate, Non-Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	310,485	0
Acquisitions/Divestitures	125,612
Acquisitions		288,367
Reclassifications	0
Reclassifications		0
Currency exchange	12,292	22,118
Goodwill, ending balance	$ 448,389	$ 310,485

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Additional Information (Details) MOP$ in Millions, $ in Millions			12 Months Ended
	Jun. 23, 2022 USD ($)	Jun. 23, 2022 MOP (MOP$)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 01, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Amortization expense related to intangible assets			$ 103	$ 2,700	$ 197
Gaming Concession \| MGM Grand Paradise
Finite-Lived Intangible Assets [Line Items]
Carrying value						$ 226
Gaming Concession \| MGM Grand Paradise \| Other Current Liabilities
Finite-Lived Intangible Assets [Line Items]
Carrying value						7
Gaming Concession \| MGM Grand Paradise \| Other Noncurrent Liabilities
Finite-Lived Intangible Assets [Line Items]
Carrying value						$ 214
June 2022 Sub Concession Extension Contract \| MGM Grand Paradise
Finite-Lived Intangible Assets [Line Items]
Contract extension commitment fee	$ 6	MOP$ 47

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Schedule of Estimated Future Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Estimated future amortization
2024	$ 106,484
2025	104,587
2026	102,212
2027	83,819
2028	48,389
Thereafter	137,388
Total finite-lived intangible assets, net	$ 582,879	$ 411,761

OTHER ACCRUED LIABILITIES - Sch

OTHER ACCRUED LIABILITIES - Schedule of Other Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other accrued liabilities:
Payroll and related	$ 628,158	$ 478,051
Taxes, other than income taxes	390,890	211,756
Operating lease liabilities - current	74,988	53,981
Finance lease liabilities - current	9,166	72,420
Other	321,170	234,468
Other accrued liabilities	2,604,177	2,236,323
Outstanding Chip Liability
Contract and contract-related liabilities:
Contract and contract-related liabilities	211,606	185,669	$ 176,219
Loyalty program obligations
Contract and contract-related liabilities:
Contract and contract-related liabilities	201,973	183,602	$ 144,465
Casino front money
Contract and contract-related liabilities:
Contract and contract-related liabilities	249,877	265,565
Advance deposits and ticket sales
Contract and contract-related liabilities:
Contract and contract-related liabilities	316,345	346,651
Unpaid wagers and other
Contract and contract-related liabilities:
Contract and contract-related liabilities	$ 200,004	$ 204,160

LONG-TERM DEBT - Schedule of Lo

LONG-TERM DEBT - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Long term debt	$ 6,371,852		$ 8,761,189
Less: Premiums, discounts, and unamortized debt issuance costs, net	(28,042)		(41,899)
Long-term debt	6,343,810		8,719,290
Less: Current portion	0		(1,286,473)
Long-term debt, net	$ 6,343,810		7,432,817
6% senior notes, due 2023
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	6%	6%
Senior notes	$ 0		1,250,000
5.375% MGM China senior notes, due 2024
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	5.375%
Senior notes	$ 750,000		750,000
6.75% senior notes, due 2025
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	6.75%
Senior notes	$ 750,000		750,000
5.75% senior notes, due 2025
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	5.75%
Senior notes	$ 675,000		675,000
5.25% MGM China senior notes, due 2025
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	5.25%
Senior notes	$ 500,000		500,000
5.875% MGM China senior notes, due 2026
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	5.875%
Senior notes	$ 750,000		750,000
4.625% senior notes, due 2026
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	4.625%
Senior notes	$ 400,000		400,000
5.5% senior notes, due 2027
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	5.50%
Senior notes	$ 675,000		675,000
4.75% MGM China senior notes, due 2027
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	4.75%			4.75%
Senior notes	$ 750,000		750,000
4.75% senior notes, due 2028
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	4.75%
Senior notes	$ 750,000		750,000
7% debentures, due 2036
Debt Instrument [Line Items]
Long-term debt, interest rate (in percent)	7%
Senior notes	$ 552		552
MGM China first revolving credit facility
Debt Instrument [Line Items]
Long term debt	371,300		1,249,744
MGM China second revolving credit facility
Debt Instrument [Line Items]
Long term debt	0		224,313
LeoVegas senior notes, due 2023
Debt Instrument [Line Items]
Senior notes	$ 0		$ 36,580

LONG-TERM DEBT - Schedule of In

LONG-TERM DEBT - Schedule of Interest Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Total interest incurred	$ 463,175	$ 595,692	$ 800,156
Interest capitalized	(2,882)	(738)	(563)
Interest expense, net	$ 460,293	$ 594,954	$ 799,593

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Details) € in Millions, kr in Millions

1 Months Ended

12 Months Ended

Mar. 31, 2023 USD ($)

Mar. 31, 2022 USD ($)

Nov. 30, 2021 USD ($)

Mar. 31, 2021 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Feb. 23, 2024 USD ($)

Dec. 31, 2023 HKD ($)

Dec. 31, 2023 EUR (€)

Oct. 31, 2023 USD ($)

Oct. 31, 2023 HKD ($)

Aug. 31, 2023 USD ($)

Aug. 31, 2023 HKD ($)

Aug. 31, 2023 SEK (kr)

Dec. 31, 2022 SEK (kr)

Debt Instrument [Line Items]

Redemption of debt

$ 1,285,600,000

$ 1,070,340,000

$ 0

Long-term debt, fair value

$ 6,300,000,000

8,400,000,000

4.75% MGM China senior notes, due 2027

Debt Instrument [Line Items]

Long-term debt, interest rate (in percent)

4.75%

Long-term debt, principal amount

$ 750,000,000

Debt instrument issued price percentage

99.97%

LeoVegas senior notes, due 2023

Debt Instrument [Line Items]

Long-term debt, principal amount

65,000,000

kr 700

Face amount after optional increase

$ 74,000,000

800

Debt Instrument, redemption price (in percent)

101%

Debt instrument, repurchase amount

$ 30,000,000

kr 319

Long-term debt, aggregate principal amount of debt purchased

$ 36,000,000

kr 382

6% senior notes, due 2023

Debt Instrument [Line Items]

Redemption of debt

$ 1,250,000,000

Long-term debt, interest rate (in percent)

7.75% senior notes, due 2023

Debt Instrument [Line Items]

Redemption of debt

$ 1,000,000,000

Long-term debt, interest rate (in percent)

7.75%

CityCenter Holdings, LLC

Debt Instrument [Line Items]

Debt

$ 1,700,000,000

Senior Credit Facility | Subsequent Event

Debt Instrument [Line Items]

Line of credit facility

$ 2,300,000,000

Revolving Credit Facility | LeoVegas Credit Facility

Debt Instrument [Line Items]

Line of credit facility | €

€ 40

Line of credit facility, redemption period (in days)

60 days

Revolving Credit Facility | Minimum | HIBOR | MGM China first revolving credit facility

Debt Instrument [Line Items]

Interest rate margin (in percent)

1.625%

Revolving Credit Facility | Maximum | HIBOR | MGM China first revolving credit facility

Debt Instrument [Line Items]

Interest rate margin (in percent)

2.75%

Revolving Credit Facility | Senior Credit Facility

Debt Instrument [Line Items]

Line of credit facility

$ 1,675,000,000

Line of credit facility drawn

$ 0

Revolving Credit Facility | Senior Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Interest rate margin (in percent)

1.50%

Revolving Credit Facility | Senior Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Interest rate margin (in percent)

2.25%

Unsecured Revolving Credit Facility | MGM China second revolving credit facility

Debt Instrument [Line Items]

Line of credit facility

588,000,000

$ 4,600,000,000

Line of credit facility, current borrowing capacity

749,000,000

5,850,000,000

Line of credit facility, maximum borrowing capacity, increase

$ 13,000,000

100,000,000

$ 150,000,000

$ 1,170,000,000

$ 26,000,000

$ 205,000,000

Unsecured Revolving Credit Facility | Minimum | HIBOR | MGM China Second Credit Facility

Debt Instrument [Line Items]

Interest rate margin (in percent)

1.625%

Unsecured Revolving Credit Facility | Maximum | HIBOR | MGM China Second Credit Facility

Debt Instrument [Line Items]

Interest rate margin (in percent)

2.75%

Term Loan | MGM China first revolving credit facility

Debt Instrument [Line Items]

Line of credit facility

$ 1,200,000,000

Line of credit facility drawn

$ 9,750,000,000

Debt instrument, weighted average interest rate

8.57%

LONG-TERM DEBT - Schedule of Ma

LONG-TERM DEBT - Schedule of Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 750,000
2025	1,925,000
2026	1,521,300
2027	1,425,000
2028	750,000
Thereafter	552
Long-term debt	$ 6,371,852	$ 8,761,189

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income (Loss) Before Taxes for Domestic and Foreign Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Domestic operations	$ 1,214,888	$ 4,251,418	$ 2,094,324
Foreign operations	257,875	(3,347,619)	(632,520)
Income before income taxes	$ 1,472,763	$ 903,799	$ 1,461,804

INCOME TAXES - Schedule of Bene

INCOME TAXES - Schedule of Benefit (Provision) for Income Taxes Attributable to Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Federal:
Current	$ (259,128)	$ (206,426)	$ (8,984)
Deferred (excluding separate components)	(48,363)	(678,371)	(189,657)
Deferred – valuation allowance change	153,768	5,346	(14,967)
Other noncurrent	10,969	18,326	(14,262)
Provision for federal income taxes	(142,754)	(861,125)	(227,870)
State:
Current	(24,931)	(10,389)	5
Deferred (excluding separate components)	11,206	(33,878)	(28,068)
Deferred – operating loss carryforward	(12,219)	(15,442)	(27,936)
Deferred – valuation allowance change	(2,140)	(2,345)	(601)
Other noncurrent	0	0	13,260
Provision for state income taxes	(28,084)	(62,054)	(43,340)
Foreign:
Current	223	(2,259)	(3,717)
Deferred (excluding separate components)	5,611	311,614	8,943
Deferred - operating loss carryforward	(57,485)	6,331	5,793
Deferred – valuation allowance change	64,650	(89,575)	6,776
Benefit for foreign income taxes	12,999	226,111	17,795
Benefit (provision) for income taxes	$ (157,839)	$ (697,068)	$ (253,415)

INCOME TAXES - Schedule of Reco

INCOME TAXES - Schedule of Reconciliation of the Federal Income Tax Statutory Rate and the Company's Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal income tax statutory rate	21%	21%	21%
Noncontrolling interest	(0.10%)	(2.40%)	(3.20%)
Foreign income/losses taxed at other than U.S. statutory rate	(3.60%)	53.30%	8.20%
Federal valuation allowance	(10.40%)	(0.60%)	1%
State taxes, net	1.50%	5.50%	2.30%
Gain on consolidation of CityCenter, net	0%	0%	(10.10%)
General business credits	(1.20%)	(1.50%)	(0.30%)
Incremental U.S. tax on foreign earnings	2.40%	0%	0%
Permanent and other items	1.10%	1.80%	(1.60%)
Provision for income taxes (as a percent)	10.70%	77.10%	17.30%

INCOME TAXES - Schedule of Tax-

INCOME TAXES - Schedule of Tax-Effected Components of the Company's Net Deferred Tax Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Less: Valuation allowance	$ (1,778,446)	$ (2,886,575)	$ (2,884,262)	$ (2,875,595)
Deferred tax assets, net	5,965,541	5,985,710
Deferred tax liabilities
Total deferred tax liability	(8,826,538)	(8,955,153)
Net deferred tax liability	(2,860,997)	(2,969,443)
Federal and state
Deferred tax assets
Net operating loss carryforward	13,498	23,151
Accruals, reserves and other	52,854	9,481
Lease liabilities	5,703,953	5,830,582
Tax credits	1,788,001	2,764,266
Deferred tax assets, gross	7,558,306	8,627,480
Less: Valuation allowance	(1,598,291)	(2,641,770)
Deferred tax assets, net	5,960,015	5,985,710
Deferred tax liabilities
Property and equipment	(389,854)	(330,857)
Investments in unconsolidated affiliates	(584,448)	(585,275)
Investment in equity securities	(2,234,754)	(2,236,093)
ROU assets	(5,390,561)	(5,612,241)
Intangibles	(197,893)	(160,991)
Total deferred tax liability	(8,797,510)	(8,925,457)
Foreign
Deferred tax assets
Net operating loss carryforward	141,201	198,686
Accruals, reserves and other	9,266	12,315
Property and equipment	33,944	32,585
Lease liabilities	1,270	1,219
Deferred tax assets, gross	185,681	244,805
Less: Valuation allowance	(180,155)	(244,805)
Deferred tax assets, net	5,526	0
Deferred tax liabilities
Intangibles	(29,028)	(29,696)
Total deferred tax liability	$ (29,028)	$ (29,696)

INCOME TAXES - Schedule of In_2

INCOME TAXES - Schedule of Income Tax Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax valuation allowance:
Balance at Beginning of Period	$ 2,886,575	$ 2,884,262	$ 2,875,595
Increase	0	2,313	8,667
Decrease	(1,108,129)	0	0
Balance at End of Period	$ 1,778,446	$ 2,886,575	$ 2,884,262

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Line Items]
Net deferred tax asset	$ 200,000
Tax credit carry forward period (in years)	10 years
Deferred tax assets, valuation allowance	$ 1,778,446	$ 2,886,575	$ 2,884,262	$ 2,875,595
Unrecognized tax benefits, if recognized, would affect the effective tax rate	9,000	7,000
Reversal of unrecognized tax benefit	0	$ 12,968	$ 13,388
2024
Income Tax Disclosure [Line Items]
Tax credit carryforward expiration amount	780,000
2025
Income Tax Disclosure [Line Items]
Tax credit carryforward expiration amount	674,000
2026
Income Tax Disclosure [Line Items]
Tax credit carryforward expiration amount	134,000
2027
Income Tax Disclosure [Line Items]
Tax credit carryforward expiration amount	200,000
MGM Grand Paradise SA
Income Tax Disclosure [Line Items]
Complementary tax	1,100,000
Increase (decrease) in valuation allowance	400,000
Macau
Income Tax Disclosure [Line Items]
Valuation allowance on foreign tax credit	1,600,000
Foreign tax credit carryover	$ 1,800,000
Special gaming tax rate (in percent)	35%
Macau \| MGM Grand Paradise SA
Income Tax Disclosure [Line Items]
Macau's complementary tax rate on distributions of gaming profits (in percent)		12%
State
Income Tax Disclosure [Line Items]
Complementary tax	$ 209,000
Deferred tax assets, valuation allowance	10,000
Deferred tax assets after federal tax effect and before valuation allowance	13,000
Foreign
Income Tax Disclosure [Line Items]
Deferred tax assets, valuation allowance	180,155	$ 244,805
Increase (decrease) in valuation allowance	$ 50,000

INCOME TAXES - Schedule of Re_2

INCOME TAXES - Schedule of Reconciliation of the Beginning and Ending Amounts of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Gross unrecognized tax benefits at January 1	$ 6,885	$ 19,568	$ 35,617
Gross increases - prior period tax positions	710	0	12,949
Gross decreases - prior period tax positions	0	(12,968)	(13,388)
Gross increases - current period tax positions	996	285	654
Settlements with Taxing Authorities	0	0	(16,264)
Gross unrecognized tax benefits at December 31	$ 8,591	$ 6,885	$ 19,568

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Millions

1 Months Ended

12 Months Ended

Dec. 01, 2023 USD ($)

Oct. 01, 2023 USD ($)

Jun. 01, 2023 USD ($)

May 01, 2023 USD ($)

Mar. 01, 2023 USD ($)

May 17, 2022 period

Apr. 29, 2022 USD ($) period

Sep. 28, 2021 period

Feb. 14, 2020 period

Nov. 15, 2019 period

Mar. 31, 2023

Feb. 28, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2023 debt_instrument

Lessee, Lease, Description [Line Items]

Number of letters of credit | debt_instrument

Discontinued Operations, Disposed of by Sale | The Mirage

Lessee, Lease, Description [Line Items]

Decrease in annual rent payment

$ 90

Right-of-use assets derecognized upon lease modification

$ 1,300

Lease liabilities derecognized upon lease modification

1,300

Discontinued Operations, Disposed of by Sale | Gold Strike Tunica

Lessee, Lease, Description [Line Items]

Right-of-use assets derecognized upon lease modification

507

Lease liabilities derecognized upon lease modification

516

Disposal Group, Held-for-Sale, Not Discontinued Operations | Gold Strike Tunica

Lessee, Lease, Description [Line Items]

Decrease in annual rent payment

Bellagio BREIT Venture

Lessee, Lease, Description [Line Items]

Ownership interest (in percent)

VICI Lease and Ground Subleases

Lessee, Lease, Description [Line Items]

Lease agreement, initial lease term (in years)

25 years

Number of renewal periods, exercisable at option | period

Annual rent escalator from year one through year ten

Lease agreement renewal period

10 years

Lease agreement renewal period

10 years

Annual rent escalator from year one through year fifteen

Annual rent escalator after year ten

Annual rent escalator cap after year ten

Lessee, operating lease, annual rent expense

$ 745

$ 860

$ 730

$ 770

Mandalay Bay and MGM Grand Las Vegas

Lessee, Lease, Description [Line Items]

Term of covenant

1 year

Lease agreement, initial lease term (in years)

30 years

Number of renewal periods, exercisable at option | period

Lease agreement renewal period

15 years

Increase (decrease) in annual rent expense

$ 310

Lease agreement renewal period

10 years

Annual rent escalator from year one through year fifteen

Annual rent escalator after year fifteen

Annual rent escalator cap after year fifteen

Aria and Vdara

Lessee, Lease, Description [Line Items]

Term of covenant

1 year

Lease agreement, initial lease term (in years)

30 years

Number of renewal periods, exercisable at option | period

Lease agreement renewal period

15 years

Increase (decrease) in annual rent expense

$ 224

Lease agreement renewal period

10 years

Annual rent escalator after year fifteen

Annual rent escalator cap after year fifteen

Fixed rent escalator for fifteen years

Cosmopolitan of Las Vegas

Lessee, Lease, Description [Line Items]

Term of covenant

1 year

Lease agreement, initial lease term (in years)

30 years

Number of renewal periods, exercisable at option | period

Lease agreement renewal period

15 years

Lease agreement renewal period

10 years

Annual rent escalator after year fifteen

Annual rent escalator cap after year fifteen

Fixed rent escalator for fifteen years

Lessee, operating lease, annual rent expense

$ 204

Bellagio Lease

Lessee, Lease, Description [Line Items]

Term of covenant

2 years

Lease agreement, initial lease term (in years)

30 years

Number of renewal periods, exercisable at option | period

Lease agreement renewal period (in years)

10 years

Annual rent escalator from year one through year ten

Lease agreement renewal period

10 years

Annual rent escalator from year eleven through year twenty

Annual rent escalator cap from year eleven through year twenty

Annual rent escalator after year twenty

Increase (decrease) in annual rent expense

$ 265

M G M Cotai

Lessee, Lease, Description [Line Items]

Lease agreement, initial lease term (in years)

25 years

Lease agreement renewal period

10 years

MGM Macau

Lessee, Lease, Description [Line Items]

Lease agreement, initial lease term (in years)

25 years

Lease agreement renewal period

10 years

Minimum | VICI Lease and Ground Subleases

Lessee, Lease, Description [Line Items]

Term of covenant

6 months

Maximum | VICI Lease and Ground Subleases

Lessee, Lease, Description [Line Items]

Term of covenant

1 year

LEASES - Schedule of Components

LEASES - Schedule of Components of Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease cost, primarily classified within "General and administrative"	$ 2,306,640	$ 1,986,853	$ 870,779
Interest expense	9,899	9,233	2,354
Amortization expense	65,629	76,039	73,475
Total finance lease costs	75,528	85,272	75,829
Bellagio
Lessee, Lease, Description [Line Items]
Operating lease cost, primarily classified within "General and administrative"	$ 331,000	$ 331,000	$ 331,000

LEASES - Schedule of Supplement

LEASES - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating leases
Operating lease ROU assets, net	$ 24,027,465	$ 24,530,929
Operating lease liabilities - current, location	Other accrued liabilities	Other accrued liabilities
Operating lease liabilities - current, classified within “Other accrued liabilities”	$ 74,988	$ 53,981
Operating lease liabilities - long-term	25,127,464	25,149,299
Total operating lease liabilities	$ 25,202,452	$ 25,203,280
Finance leases
Finance lease ROU assets, net, location	Property and equipment, net	Property and equipment, net
Finance lease ROU assets, net, classified within “Property and equipment, net”	$ 85,783	$ 150,571
Finance lease liabilities - current, location	Other accrued liabilities	Other accrued liabilities
Finance lease liabilities - current, classified within "Other accrued liabilities"	$ 9,166	$ 72,420
Finance lease liabilities - long-term, location	Other long-term obligations	Other long-term obligations
Finance lease liabilities - long-term, classified within “Other long-term obligations”	$ 85,391	$ 88,181
Total finance lease liabilities	$ 94,557	$ 160,601
Weighted average remaining lease term (years)
Operating leases	25 years	26 years
Finance leases	22 years	14 years
Weighted average discount rate (%)
Operating leases	7%	7%
Finance leases	6%	5%
Bellagio
Operating leases
Operating lease ROU assets, net	$ 3,500,000	$ 3,500,000
Operating lease liabilities - long-term	$ 3,800,000	$ 3,800,000

LEASES - Schedule of Suppleme_2

LEASES - Schedule of Supplemental Cash Flow and Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash outflows from operating leases	$ 1,802,577	$ 1,535,637	$ 669,681
Operating cash outflows from finance leases	6,332	6,654	4,761
Financing cash outflows from finance leases	71,611	84,139	73,257
ROU assets obtained in exchange for new lease liabilities
Operating leases	15,089	15,538,208	3,388,120
Finance leases	$ 3,073	$ 87,856	$ 24,433

LEASES - Schedule of Maturities

LEASES - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 1,834,330
2025	1,859,882
2026	1,886,090
2027	1,913,782
2028	1,941,940
Thereafter	48,942,392
Total future minimum lease payments	58,378,416
Less: Amount of lease payments representing interest	(33,175,964)
Total operating lease liabilities	25,202,452	$ 25,203,280
Less: Current portion	(74,988)	(53,981)
Long-term portion of lease liabilities	25,127,464	25,149,299
Finance Leases
2024	15,835
2025	9,733
2026	7,158
2027	7,116
2028	7,036
Thereafter	128,194
Total future minimum lease payments	175,072
Less: Amount of lease payments representing interest	(80,515)
Total finance lease liabilities	94,557	160,601
Less: Current portion	(9,166)	(72,420)
Long-term portion of lease liabilities	$ 85,391	$ 88,181

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) $ in Thousands, MOP$ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2023 MOP (MOP$)	Dec. 31, 2023 MOP (MOP$)	Dec. 31, 2023 JPY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 MOP (MOP$)
Loss Contingencies [Line Items]
Commitment amount	$ 9,000,000			¥ 1,270,000,000,000
Long term debt	$ 6,371,852				$ 8,761,189
Japanese Joint Venture \| JAPAN
Loss Contingencies [Line Items]
Ownership interest (in percent)	50%		50%	50%
Performance Guarantee
Loss Contingencies [Line Items]
Guarantee obligation amount	$ 89,000			¥ 12,650,000,000
Blackstone Real Estate Income Trust
Loss Contingencies [Line Items]
Guarantee obligation amount	3,010,000
Mandalay Bay and MGM Grand Las Vegas
Loss Contingencies [Line Items]
Guarantee obligation amount	3,000,000
Senior Credit Facility
Loss Contingencies [Line Items]
Credit facility outstanding	28,000
Revolving Credit Facility
Loss Contingencies [Line Items]
Long term debt	1,350,000
MGM Grand Paradise SA \| Concession Contract
Loss Contingencies [Line Items]
Minimum future payments	269,000		MOP$ 2200
Collaborative agreement, obligations thereafter	1,100,000		8,700
Collaborative agreement, obligations in 2025	6,000		45
Collaborative agreement, obligations in 2028	18,000		148
Collaborative agreement, obligations in thereafter	74,000		594
Investment in gaming and non-gaming projects and development of international tourist markets	2,100,000	MOP$ 16700
Gross gaming revenue, milestone \| MOP$		180,000
Total investment in gaming and non-gaming projects and development of international tourist markets	2,400,000	19,700
MGM Grand Paradise SA \| Concession Contract \| Non-Gaming Projects
Loss Contingencies [Line Items]
Investment in gaming and non-gaming projects and development of international tourist markets	1,900,000	15,000
Total investment in gaming and non-gaming projects and development of international tourist markets	2,200,000	MOP$ 18000
MGM Grand Paradise SA \| June 2022 Sub Concession Extension Contract
Loss Contingencies [Line Items]
Share capital required to be maintained	622,000		5,000
Guarantee obligation amount	87,000		700		124,000
MGM Grand Paradise SA \| January 2023 Concessions
Loss Contingencies [Line Items]
Guarantee obligation amount	$ 124,000		MOP$ 1000		$ 124,000	MOP$ 1000
Guarantee expiration, days after the end of the concession term	180 days	180 days
Released pledged cash	$ 300,000

STOCKHOLDERS_ EQUITY - Schedule

STOCKHOLDERS’ EQUITY - Schedule of Changes in Accumulated Other Comprehensive Loss Attributable to MGM Resorts International by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 5,210,123	$ 10,976,766	$ 11,179,908
Other comprehensive income	110,214	65,028	10,133
Other changes:
Deconsolidation of MGP		(3,173,626)
Ending balance	4,334,145	5,210,123	10,976,766
MGM Growth Properties LLC \| Class A Shareholders
Other changes:
MGP Class A share issuances			759,535
Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	34,435	(907)	12,964
Other comprehensive income (loss) before reclassifications	109,278	27,336	(24,655)
Amounts reclassified to interest expense		0	0
Amounts reclassified to "Other, net"	0
Other comprehensive income	109,278	27,336	(24,655)
Other changes:
Redemption of MGP OP units			0
Deconsolidation of MGP		0
Other		1,074	0
Net changes		28,410	(24,655)
Other comprehensive (income) loss attributable to noncontrolling interest	183	6,932	10,784
Ending balance	143,896	34,435	(907)
Currency Translation Adjustments \| MGM Growth Properties LLC \| Class A Shareholders
Other changes:
MGP Class A share issuances			0
Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	0	(41,634)	(55,357)
Other comprehensive income (loss) before reclassifications	0	30,692	12,588
Amounts reclassified to interest expense		7,000	22,200
Amounts reclassified to "Other, net"	0
Other comprehensive income	0	37,692	34,788
Other changes:
Redemption of MGP OP units			0
Deconsolidation of MGP		28,151
Other		0	0
Net changes		65,843	34,788
Other comprehensive (income) loss attributable to noncontrolling interest	0	(24,209)	(21,065)
Ending balance	0	0	(41,634)
Cash Flow Hedges \| MGM Growth Properties LLC \| Class A Shareholders
Other changes:
MGP Class A share issuances			0
Other
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(936)	17,925	11,716
Other comprehensive income (loss) before reclassifications	0	0	0
Amounts reclassified to interest expense		0	0
Amounts reclassified to "Other, net"	936
Other comprehensive income	936	0	0
Other changes:
Redemption of MGP OP units			5,327
Deconsolidation of MGP		(17,067)
Other		(1,794)	(2,358)
Net changes		(18,861)	6,209
Other comprehensive (income) loss attributable to noncontrolling interest	0	0	0
Ending balance	0	(936)	17,925
Other \| MGM Growth Properties LLC \| Class A Shareholders
Other changes:
MGP Class A share issuances			3,240
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	33,499	(24,616)	(30,677)
Other comprehensive income (loss) before reclassifications	109,278	58,028	(12,067)
Amounts reclassified to interest expense		7,000	22,200
Amounts reclassified to "Other, net"	936
Other comprehensive income	110,214	65,028	10,133
Other changes:
Redemption of MGP OP units			5,327
Deconsolidation of MGP	0	11,084	0
Other		(720)	(2,358)
Net changes		75,392	16,342
Other comprehensive (income) loss attributable to noncontrolling interest	183	(17,277)	(10,281)
Ending balance	$ 143,896	$ 33,499	(24,616)
Total \| MGM Growth Properties LLC \| Class A Shareholders
Other changes:
MGP Class A share issuances			$ 3,240

STOCKHOLDERS_ EQUITY - Summary

STOCKHOLDERS’ EQUITY - Summary of Net Income Attributable to and Transfers from Noncontrolling Interest, Which Shows Effects of Changes in Company's Ownership Interest in a Subsidiary (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders Equity Note [Line Items]
Net income attributable to MGM Resorts International	$ 1,142,180	$ 1,473,093	$ 1,254,370
Transfers from/(to) noncontrolling interest:
Redemption of MGP OP units	0	0	176,659
Deconsolidation of MGP		(3,173,626)
Other	0	(120)	(5,062)
Net transfers from noncontrolling interest	0	10,964	274,771
Change from net income attributable to MGM Resorts International and transfers to noncontrolling interest	1,142,180	1,484,057	1,529,141
AOCI Including Portion Attributable to Noncontrolling Interest
Transfers from/(to) noncontrolling interest:
Deconsolidation of MGP	0	11,084	0
MGM Growth Properties LLC \| Class A shares
Transfers from/(to) noncontrolling interest:
MGP Class A share issuances	$ 0	$ 0	$ 103,174

STOCKHOLDERS_ EQUITY - Addition

STOCKHOLDERS’ EQUITY - Additional Information (Details) - USD ($)		1 Months Ended	2 Months Ended	12 Months Ended
	Mar. 15, 2021	Mar. 31, 2021	Feb. 23, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2023	Feb. 28, 2023	Mar. 31, 2022	May 31, 2018
Class of Stock [Line Items]
Redemption of MGP OP units						$ 50,828,000
Common stock repurchases, value				$ 2,313,968,000	$ 2,775,217,000	$ 1,753,509,000
Common Stock
Class of Stock [Line Items]
Common stock repurchases (in shares)				54,325,000	76,404,000	43,088,000
Common stock repurchases, value				$ 543,000	$ 764,000	$ 430,000
Share Repurchase Program One \| Common Stock
Class of Stock [Line Items]
Authorized amount of stock repurchase						$ 2,000,000,000				$ 2,000,000,000
Share Repurchase Program Two \| Common Stock
Class of Stock [Line Items]
Authorized amount of stock repurchase					$ 3,000,000,000				$ 2,000,000,000
Share Repurchase Program Three \| Common Stock
Class of Stock [Line Items]
Authorized amount of stock repurchase							$ 2,000,000,000	$ 2,000,000,000	$ 2,000,000,000
Share Repurchase Program Four \| Common Stock
Class of Stock [Line Items]
Authorized amount of stock repurchase								2,000,000,000
Share Repurchase Program Five \| Common Stock
Class of Stock [Line Items]
Authorized amount of stock repurchase							2,000,000,000
Share Repurchase Program \| Common Stock
Class of Stock [Line Items]
Common stock repurchases (in shares)				54,000,000	76,000,000	43,000,000
Common stock repurchases, value				$ 2,300,000,000	$ 2,800,000,000	$ 1,800,000,000
Share Repurchase Program February 2023 \| Common Stock
Class of Stock [Line Items]
Repurchase of common stock, remaining amount				$ 2,000,000,000			$ 2,000,000,000	$ 183,000,000
Subsequent Event \| Share Repurchase Program \| Common Stock
Class of Stock [Line Items]
Common stock repurchases (in shares)			7,000,000
Common stock repurchases, value			$ 320,000,000
Corvex Management LP \| Share Repurchase Program \| Common Stock
Class of Stock [Line Items]
Common stock repurchases (in shares)					4,500,000
Common stock repurchases, value					$ 202,500,000
MGM Growth Properties LLC \| Operating Partnership
Class of Stock [Line Items]
Noncontrolling interest (in percent)	42.10%	42.10%
Operating partnership units, redeemed (in shares)		37,000,000
Partner capital account units redeemed for cash (in shares)		15,000,000
Operating partnership redemption units for class A offering (in shares)		22,000,000
Redemption of MGP OP units		$ 1,200,000,000
Class A shares \| MGM Growth Properties LLC
Class of Stock [Line Items]
New issuance of shares (in shares)	22,000,000					3,000,000
Class A shares \| MGM Growth Properties LLC \| Operating Partnership
Class of Stock [Line Items]
Noncontrolling interest (in percent)						41.60%

STOCK-BASED COMPENSATION - Addi

STOCK-BASED COMPENSATION - Additional Information (Details) - 2022 Omnibus Incentive Plan - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	May 04, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of shares to be issued (in shares)		18,000,000
Number of shares available for grant as share-based awards (in shares)	15,000,000
Number of restricted stock units and performance share units outstanding (in shares)	6,000,000
Unamortized compensation	$ 116
Weighted-average period over which compensation cost is expected to be recognized (in years)	1 year 8 months 12 days

STOCK-BASED COMPENSATION - Sche

STOCK-BASED COMPENSATION - Schedule of Compensation Cost Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation cost	$ 73,607	$ 71,296	$ 65,183
Less: Reimbursed costs and capitalized cost	(21)	0	(1,198)
Compensation cost after reimbursed costs and capitalized cost	73,586	71,296	63,985
Less: Related tax benefit	(15,975)	(14,458)	(12,982)
Compensation cost, net of tax benefit	57,611	56,838	51,003
2022 Omnibus Incentive Plan
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation cost	67,375	60,264	53,683
MGP Omnibus Plan
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation cost	0	5,112	4,827
MGM China Plan
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation cost	$ 6,232	$ 5,920	$ 6,673

EMPLOYEE BENEFIT PLANS - Table

EMPLOYEE BENEFIT PLANS - Table Outlining Company's Participation in Pension Plans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) agreement	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Multiemployer Plans [Line Items]
EIN/Pension Plan Number	88-0215232
Number of collective bargaining agreements \| agreement	11
Number of significant collective bargaining agreements \| agreement	5
Southern Nevada Culinary and Bartenders Pension Plan
Multiemployer Plans [Line Items]
EIN/Pension Plan Number	88-6016617
Pension Protection Act Zone Status		Green	Green
FIP/RP Status		No
Contributions by the Company \| $	$ 59,172	$ 56,235	$ 37,242
Surcharge Imposed	No
Minimum percentage of total contributions to be listed in Pension Plan's Forms 5500		5%	5%
The Legacy Plan of the UNITE HERE Retirement Fund (UHF)
Multiemployer Plans [Line Items]
EIN/Pension Plan Number	82-0994119
Pension Protection Act Zone Status		Red	Red
FIP/RP Status		Implemented
Contributions by the Company \| $	$ 10,113	$ 8,650	$ 7,683
Surcharge Imposed	No
Minimum percentage of total contributions to be listed in Pension Plan's Forms 5500		5%	5%

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Multiemployer Plans, Postretirement Benefit \| UNITE HERE Health
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Contributions by the Company	$ 230	$ 218	$ 143

PROPERTY TRANSACTIONS, NET - Sc

PROPERTY TRANSACTIONS, NET - Schedule of Property Transactions, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Other property transactions, net	$ 28,274	$ 29,787	$ (67,736)
Property transactions, net	(370,513)	(1,036,997)	(67,736)
Gold Strike Tunica
Property, Plant and Equipment [Line Items]
Gain on sale of the operations of The Mirage	(398,787)	0	0
The Mirage
Property, Plant and Equipment [Line Items]
Gain on sale of the operations of The Mirage	$ 0	$ (1,066,784)	$ 0

PROPERTY TRANSACTIONS, NET - Ad

PROPERTY TRANSACTIONS, NET - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Additional contingent consideration payable	$ 29
Other
Property, Plant and Equipment [Line Items]
Equity method investment, other than temporary impairment	22
Collections, including work of art and historical treasure
Property, Plant and Equipment [Line Items]
Gain on sale of art	$ 76

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Total revenue	$ 16,164,249	$ 13,127,485	$ 9,680,140
Other operating income (expense)
Preopening and start-up expenses	(415)	(1,876)	(5,094)
Property transactions, net	370,513	1,036,997	67,736
Depreciation and amortization	(814,128)	(3,482,050)	(1,150,610)
Gain on REIT transactions, net	0	2,277,747	0
Gain on consolidation of CityCenter, net	0	0	1,562,329
Triple-net operating lease and ground lease rent expense	(2,263,649)	(1,950,566)	(833,158)
Gain related to sale of Harmon land - unconsolidated affiliate	0	0	49,755
Income from unconsolidated affiliates related to real estate ventures	10,821	61,866	166,658
Operating income	1,891,497	1,439,372	2,278,699
Non-operating income (expense)
Interest expense, net of amounts capitalized	(460,293)	(594,954)	(799,593)
Non-operating items from unconsolidated affiliates	(1,032)	(23,457)	(83,243)
Other, net	42,591	82,838	65,941
Non-operating income (expense)	(418,734)	(535,573)	(816,895)
Income before income taxes	1,472,763	903,799	1,461,804
Provision for income taxes	(157,839)	(697,068)	(253,415)
Net income	1,314,924	206,731	1,208,389
Less: Net (income) loss attributable to noncontrolling interests	(172,744)	1,266,362	45,981
Net income attributable to MGM Resorts International	1,142,180	1,473,093	1,254,370
Capital expenditures	931,813	765,067	490,697
Reportable segments
Revenues
Total revenue	15,623,064	12,887,850	9,340,309
Adjusted Property EBITDAR
Reportable segment Adjusted Property EBITDAR	5,190,571	4,233,802	2,981,392
Non-operating income (expense)
Capital expenditures	708,283	632,573	412,339
Reportable segments \| Las Vegas Strip Resorts
Revenues
Total revenue	8,799,146	8,398,372	4,737,185
Adjusted Property EBITDAR
Reportable segment Adjusted Property EBITDAR	3,190,486	3,142,308	1,738,211
Non-operating income (expense)
Capital expenditures	527,104	411,222	266,944
Reportable segments \| Regional Operations
Revenues
Total revenue	3,670,309	3,815,885	3,392,363
Adjusted Property EBITDAR
Reportable segment Adjusted Property EBITDAR	1,133,196	1,294,630	1,217,814
Non-operating income (expense)
Capital expenditures	135,848	190,811	77,406
Reportable segments \| MGM China
Revenues
Total revenue	3,153,609	673,593	1,210,761
Adjusted Property EBITDAR
Reportable segment Adjusted Property EBITDAR	866,889	(203,136)	25,367
Non-operating income (expense)
Capital expenditures	45,331	30,540	67,989
Corporate and other
Revenues
Total revenue	541,185	239,635	339,831
Other operating income (expense)
Corporate and other, net	(602,216)	(736,548)	(560,309)
Non-operating income (expense)
Capital expenditures	223,530	132,494	78,358
Casino
Revenues
Total revenue	8,087,917	5,734,173	5,362,912
Casino \| Reportable segments \| Las Vegas Strip Resorts
Revenues
Total revenue	2,127,612	2,104,096	1,549,419
Casino \| Reportable segments \| Regional Operations
Revenues
Total revenue	2,712,205	2,901,072	2,721,515
Casino \| Reportable segments \| MGM China
Revenues
Total revenue	2,787,837	567,573	1,057,962
Rooms
Revenues
Total revenue	3,500,926	3,057,145	1,690,037
Rooms \| Reportable segments \| Las Vegas Strip Resorts
Revenues
Total revenue	3,027,668	2,729,715	1,402,712
Rooms \| Reportable segments \| Regional Operations
Revenues
Total revenue	296,100	284,213	220,828
Rooms \| Reportable segments \| MGM China
Revenues
Total revenue	177,158	43,216	66,498
Food and beverage
Revenues
Total revenue	2,891,483	2,604,238	1,391,605
Food and beverage \| Reportable segments \| Las Vegas Strip Resorts
Revenues
Total revenue	2,289,812	2,125,738	1,015,366
Food and beverage \| Reportable segments \| Regional Operations
Revenues
Total revenue	440,002	429,188	307,750
Food and beverage \| Reportable segments \| MGM China
Revenues
Total revenue	161,669	49,312	68,489
Entertainment, retail and other
Revenues
Total revenue	1,638,183	1,686,236	1,009,503
Entertainment, retail and other \| Reportable segments \| Las Vegas Strip Resorts
Revenues
Total revenue	1,354,054	1,438,823	769,688
Entertainment, retail and other \| Reportable segments \| MGM China
Revenues
Total revenue	26,945	13,492	17,812
Entertainment, retail and other, and reimbursed costs \| Reportable segments \| Regional Operations
Revenues
Total revenue	$ 222,002	$ 201,412	$ 142,270

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Long Lived Assets Presented by Geographic Region (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Long-lived assets:
Long-lived assets	$ 36,367,285	$ 36,335,421	$ 33,025,680
United States
Long-lived assets:
Long-lived assets	31,194,157	31,330,909	25,848,917
China and all other foreign countries
Long-lived assets:
Long-lived assets	$ 5,173,128	$ 5,004,512	$ 7,176,763

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands, shares in Millions							1 Months Ended	12 Months Ended
	Apr. 01, 2022	Mar. 31, 2022	Oct. 29, 2021	Apr. 01, 2021	Mar. 31, 2021	Sep. 01, 2016	Sep. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2023
Related Party Transaction [Line Items]
Total revenue								$ 16,164,249	$ 13,127,485	$ 9,680,140
CityCenter Holdings, LLC
Related Party Transaction [Line Items]
Expenses (reimbursable costs)										(187,000)
Services Provided by Shun Tak
Related Party Transaction [Line Items]
Expenses (reimbursable costs)								9,000	3,000	7,000
Services Provided to MGM China
Related Party Transaction [Line Items]
Expenses (reimbursable costs)								16,000	5,000	4,000
Related Party
Related Party Transaction [Line Items]
Common shares purchased (in shares)						188.1
Deferred cash payment						$ 50,000
Annual cash rental payments	$ 877,000	$ 873,000	$ 873,000	$ 843,000	$ 828,000
Annual fixed rent (in percent)				2%
Proceeds from sale of real estate assets			400,000
Increase (decrease) in annual rent expense	$ 16,000		$ 30,000
Fixed annual rent escalator (in percent)	2%
Term to reset rent payments	5 years
Increase (decrease) in annual cash rent during rent reset period	$ (12,000)
Related Party \| Consolidation, Eliminations
Related Party Transaction [Line Items]
Distribution made to noncontrolling interests								$ 20,000	$ 5,000	8,000
Related Party \| CityCenter Holdings, LLC
Related Party Transaction [Line Items]
Total revenue										$ 29,000
Related Party \| Entity that Provides Services to MGM China \| Ms Ho Pansy Catilina Chiu King
Related Party Transaction [Line Items]
Ownership interest (in percent)								50%
Related Party \| Aria and Vdara \| CityCenter Holdings, LLC
Related Party Transaction [Line Items]
Management fee as a percentage of revenue							2%
Management fee received, percentage of EBITDA							5%
Director
Related Party Transaction [Line Items]
Annual compensation payment											$ 8,000
Inventive payments											$ 95,000