---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-23-000012"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:42:47.151465+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MGM Q1 revenue $3.9B (+36%), EPS $1.24, Las Vegas Strip EBITDAR record +41%

## Summary
- Consolidated net revenue $3.9B (+36% YoY); diluted EPS $1.24 vs ($0.06); adjusted EPS $0.44 vs $0.01.
- Las Vegas Strip Resorts record Adjusted Property EBITDAR $836M (+41% YoY); margin 38.4% (+271 bps).
- MGM China net revenue $618M (+130%); Adjusted Property EBITDAR $169M (vs loss $26M prior year).
- Repurchased ~12M shares for $487M during quarter; $2.0B remaining under repurchase plan.
- Closed sale of Gold Strike Tunica, received Osaka development certification, and LeoVegas agreed to acquire Push Gaming.

## SEC filing metadata
- accession: 0000789570-23-000012
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957023000012/0000789570-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957023000012/mgm-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-23-000012
- JSON: https://secwatch.observer/filing/0000789570-23-000012.json
- Plain text: https://secwatch.observer/filing/0000789570-23-000012.txt

## Key facts
- Earnings Releases
  MGM Resorts International reported the quarter ended March 31, 2023 results: revenue $3.9 billion, net income $467 million, EPS $1.24.
  - Period: the quarter ended March 31, 2023
  - Revenue: $3.9 billion
  - Net income: $467 million
  - EPS: $1.24
  - Result: reported results
  source text: acquisitions and the development opportunities we have with Japan and New York.” First Quarter 2023 Financial Highlights: Consolidated Results • Consolidated net revenues of $3.9 billion, an increase of 36% compared to the prior year quarter. The current quarter benefited from the inclusion of the operating results of The Cosmopolitan of Las Vegas (“The
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000078957023000012/0000789570-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.