Item 2. Properties
ITEM 2. PROPERTIES
We have provided certain information below about our properties as of December 31, 2025.
Name and Location Number of Guestrooms and Suites Approximate Casino Square Footage (1)
Slots (2)
Gaming Tables (3)
Las Vegas Strip Resorts (11) :
Aria (4)
5,497 145,000 1,250 127
Bellagio 3,933 154,000 1,281 154
The Cosmopolitan 3,032 112,000 1,104 102
MGM Grand Las Vegas (5)
6,488 144,000 1,234 105
Mandalay Bay (6)
4,750 153,000 921 57
Luxor 4,397 104,000 738 37
Excalibur 3,981 92,000 937 30
New York-New York 2,024 84,000 948 51
Park MGM (7)
2,898 66,000 755 60
Subtotal 37,000 1,054,000 9,168 723
Regional Operations (11) :
MGM Grand Detroit (Detroit, Michigan) (8)
400 151,000 2,139 114
Beau Rivage (Biloxi, Mississippi) 1,727 90,000 1,223 79
Borgata (Atlantic City, New Jersey) 2,727 217,000 2,499 139
MGM National Harbor (Prince George’s County, Maryland) (9)
308 165,000 2,259 160
MGM Springfield (Springfield, Massachusetts) (10)
240 106,000 1,522 48
MGM Northfield Park (Northfield, Ohio) — 78,000 1,604 —
Empire City (Yonkers, New York) — 138,000 4,503 —
Subtotal 5,402 945,000 15,749 540
MGM China (12) :
MGM Macau – (Macau S.A.R.)
595 251,000 1,044 345
MGM Cotai – (Macau S.A.R.)
1,418 264,000 1,001 405
Subtotal 2,013 515,000 2,045 750
Grand total 44,415 2,514,000 26,962 2,013
(1) Casino square footage is approximate and includes the gaming floor, race and sports, high limit areas and casino specific walkways, and excludes casino cage at our domestic properties and other non-gaming space within the casino area, such as lounges.
(2) Includes slot machines, video poker machines and, except for MGM National Harbor, all other electronic gaming devices in service.
(3) Includes table games in service; does not include poker at our domestic properties; includes dealer-assisted electronic gaming devices at MGM National Harbor.
(4) Includes 1,495 condominium-hotel units at Vdara, which are predominantly utilized as company-owned hotel rooms.
(5) Includes 1,728 rooms at The Signature at MGM Grand Las Vegas.
(6) Includes 1,117 rooms at W Las Vegas and 424 rooms at the Four Seasons Hotel.
(7) Includes 293 rooms at The Reserve at Park MGM.
(8) Our local investors have an ownership interest of approximately 3% of MGM Grand Detroit.
(9) Our local investors have a non-voting economic interest in MGM National Harbor.
(10) Our local investor has a non-voting economic interest in MGM Springfield.
(11) The real estate assets and land underlying our Las Vegas Strip and Regional Operations properties are subject to triple net leases.
(12) MGM Grand Paradise has MGM Macau and MGM Cotai land concession contracts with the government of Macau. Further, in connection with the expiration of the MGM Grand Paradise gaming subconcession on December 31, 2022, the casino areas of MGM Cotai and MGM Macau reverted, free of charge and without any encumbrances, to the Macau government, which is now the legal owner of the reverted gaming assets. On January 1, 2023 and in connection with the commencement of the gaming concession, the gaming assets were temporarily transferred to MGM Grand Paradise for the duration of the gaming concession in return for annual payments.
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ITEM 3. LEGAL PROCEEDINGS
See discussion of legal proceedings in Note 12 – Commitments and Contingencies in the accompanying consolidated financial statements.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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PART II