MGM Resorts International, Las Vegas's largest casino operator, has reported flat net revenues and lower adjusted earnings to start the year for the year. The company reported $2.2 billion in net revenue for the first three months of 2026 from its nine casinos and four non-gaming hotels in Las Vegas, according to financial filings with the U.S. Securities and Exchange Commission. However, adjusted earnings from the Las Vegas market decreased 8 percent from $811 million to $749 million. Gaming revenue from Las Vegas Strip resorts was $513 million in the quarter, down 5 percent year over year, driven by declines in table games volume and lower win rates. Hotel room revenue was flat at $751 million as occupancy slipped to 92 percent from 94 percent a year earlier. Despite this, executives noted that overall Las Vegas demand remains resilient, with strong weekend performance and stable luxury-tier results helping balance weakness in more price-sensitive segments of the market. They also noted that there are signs of stabilization heading into the summer booking period.