The operator’s Vegas revenue was down in the quarter, but sports tourism and solid convention demand show promise for 2026, per CEO Bill Hornbuckle.

The Las Vegas Strip Resorts segment saw revenue fall 4% to $2.1 billion, due primarily to the impact from the room remodel and a decline in table games hold at MGM Grand Las Vegas. Casino revenue was down 6% during the quarter. Segment-adjusted EBITDAR fell 9% to $710 million.

The “Friends” Experience is now open, and it features the famous fountain and Monica and Rachel’s apartment, which was recreated in great detail, and Central Perk, where fans can sit on the iconic orange couch and even pick up a guitar and sing “Smelly Cat.”