MGM Resorts Sees Healthy Vegas Demand Despite Heat Wave Hit, F1 Race Slowdown


view of the ceo of mgm resorts onstage at the travel sector conference skift global forum

Skift Take

MGM Resorts sees strong demand at its Las Vegas resorts continuing through year-end, despite minor performance hiccups in the third quarter.

MGM Resorts sees strong demand at its Las Vegas resorts continuing through year-end, despite some performance hiccups in July and a more muted interest in Las Vegas' Formula 1 race in November.

"July was pretty bad for the entire community, including us," said CEO Bill Hornbuckle on Wednesday during an earnings call. "We had 8 days in a row of 120-degree heat compounded with [major highway] I-15 being relatively closed for 3 days due to a truck rollover. Then the quarter got better."

For October so far, MGM Resorts has seen an average occupancy rate of about 97%.

Looking ahead, a Formula 1 race in Vegas in November isn't turning