NYSE:MGMHospitality
Did Weak Las Vegas Strip Gaming And New Solar Deal Just Shift MGM Resorts International's (MGM) Investment Narrative?
In January 2026, data showed December gross gaming revenue on the Las Vegas Strip fell again year over year, pressuring MGM Resorts International given its heavy dependence on that market and existing balance-sheet concerns.
At the same time, MGM advanced its long-term sustainability agenda by sourcing up to all of its daytime Strip electricity needs from a new Nevada solar and storage project under a 25-year agreement.
Next, we’ll look at how softer Strip gaming trends and MGM’s financial...