Consolidated Adjusted EBITDAR was $821m, while net income attributable to MGM Resorts was $131m, compared to net loss attributable to the group of $448m in the prior-year quarter.
Las Vegas Strip operations represented $1.8m of the total revenue, an increase of 277% from the prior-year period. Adjusted Property EBITDAR for Las Vegas Strip operations grew 1,196% to $699m.
Regional Operations boasted revenues of $900m, climbing 51% from the prior-year quarter, with Adjusted Property EBITDAR growing 95% to $309m.
And net revenues for MGM China represented $315m of the total revenue, rising 3% from the prior-year quarter. MGM China Adjusted Property EBITDAR did, however, decline by 88% to $5m.
“Our record fourth quarter results are a testament to our talented team across the globe, our sharpened focus on operational efficiency and the proven resiliency of demand for the service and experiences that we provide at MGM Resorts,” said MGM Resorts International CEO and President Bill Hornbuckle.
“The strategic milestones we achieved in 2021 position us for further success in 2022, and we remain excited about our long-term opportunities, including; leading the US sports betting and iGaming market through BetMGM, pursuing disciplined geographic expansion such as the Japan integrated resort, and reinvesting in our core business to drive sustainable growth.
“As part of these efforts, we are proud to have recently launched our new loyalty program, MGM Rewards, which offers an enhanced and further streamlined experience to millions of our members worldwide.”
