Skip to main content

MGM National Harbor is MGM’s 5th-highest revenue generator

By Jeff Clabaugh

WASHINGTON — MGM National Harbor is MGM’s 5th-highest revenue generator.

MGM Resorts International grossed $3.03 billion in third-quarter revenue, topping estimates, and MGM National Harbor contributed significantly.

MGM National Harbor, which opened in December 2016, generated $196.6 million in net revenue last quarter, about 9 percent more than the same quarter last year.

That makes the National Harbor property MGM’s fifth-highest revenue generator, behind Vegas strip properties, the Bellagio, MGM Grand and Mandalay Bay and MGM’s Borgata casino in Atlantic City. 

MGM National Harbor has 3,137 slot machines and 198 table games.

In September, MGM National Harbor had $54.4 million in gaming revenue, up 10.3 percent from the previous year. MGM also accounted for almost 38 percent of the $144.8 million in gaming revenue generated by all six Maryland casinos.

Net revenue was down at eight of MGM Resorts International’s 15 U.S. casino properties. Revenue from China rose.

Should you buy a house with cash?

By U.S. News & World Report
High mortgage interest rates may have you exploring alternative ways of buying your home that don't require a loan. And while the competition for a new home may not be what it was in 2021, for the right home you may still need to work to get a leg up on the competition. If you have the means, an all-cash offer is a great way to fast-track a deal and avoid the additional costs that come with a mortgage. A seller is more likely to accept your offer, and the success of the deal isn't reliant on a lender's OK following an appraisal. You'll also own the home outright after the transaction with no mortgage to pay each month.
Read Next Story