Based on those figures, MGM’s Vegas Strip properties bring in roughly $8 million per day in hotel room revenue. Those hotel rooms generated revenue of $707 million compared to casino revenue of $492 million over the same three-month period. In its earning release for the quarter that ended on June 30, MGM reported a 96% occupancy rate for its Las Vegas Strip hotels. MGM Resorts has not immediately responded to Forbes’ request for comment. In Las Vegas alone, “MGM Resorts fills roughly 12 million room nights a year,” Jonathan Halkyard, the company’s CFO and treasurer said on a quarterly earnings call last month.īy late Monday evening, MGM’s casino floors were operational but the crucial reservation systems for hotel rooms and restaurant reservations remained down, clocking in more than 24 hours offline. One of the world’s largest casino-hotel companies, MGM Resorts hauled in $14.1 billion in revenue last year.
