MGM China's net revenues increased 71% due to the continued ramp-up of operations after the removal of COVID-19 related restrictions in Macau, indicating successful expansion in the region.

Corporate and other revenue primarily includes revenues from LeoVegas, other corporate operations, and management services, indicating a positive contribution from the acquisition to the overall revenue.

The company is exploring potential development or investment opportunities, such as pursuing a commercial gaming facility in New York, which may require cash commitments in the future.

The company repurchased approximately 12 million shares of its common stock for an aggregate amount of $511 million, completing the February 2023 stock repurchase plan, indicating active capital allocation management.

In February 2024, the Company amended its senior secured credit facility to increase the facility to $2.3 billion and extend the maturity date to February 2029, demonstrating proactive management of debt and liquidity.

MGM China's main floor table games win % increased to 24.9% from 24.0%, indicating improved operational efficiency in Macau.

The company acknowledges the ongoing impact of the September 2023 cybersecurity issue, including potential effects on business, operations, reputation, and expenses, indicating a significant risk factor.

The company highlights the risk associated with its substantial indebtedness, including potential impacts on flexibility, borrowing capacity, and competitiveness.

The company acknowledges risks associated with leased properties, including potential lease termination, extensions, and relationship with lessors, which could adversely affect business operations.

Las Vegas Strip Resorts net revenues increased 4% despite casino revenue decreasing 1%, indicating a strong competitive position in non-gaming segments.

MGM China's 66% increase in casino revenues demonstrates a strong competitive recovery in the Macau market after the easing of COVID-19 restrictions.

Regional Operations net revenues decreased 4% due primarily to the disposition of Gold Strike Tunica, indicating a shift in competitive focus.

Las Vegas Strip Resorts Adjusted Property EBITDAR margin decreased to 36.7% due to an increase in payroll-related expenses, indicating potential operational inefficiencies.

Regional Operations Adjusted Property EBITDAR margin decreased to 30.1% due primarily to a decrease in casino revenues and an increase in payroll-related expenses, indicating potential operational inefficiencies.

MGM China Adjusted Property EBITDAR margin increased to 28.5% due primarily to the increase in casino revenues, indicating improved operational efficiency in Macau.

Capital expenditures at Las Vegas Strip Resorts, Regional Operations, and corporate and other entities of $157 million primarily related to information technology, indicating investment in technological capabilities.

The company has incurred, and expects to continue to incur, certain expenses related to the cybersecurity issue, including expenses to respond to, remediate, and investigate this matter.

The company continues to explore potential development or investment opportunities, such as expanding our global online gaming presence, which may require cash commitments in the future.

The company repurchased approximately 12 million shares of its common stock for an aggregate amount of $511 million, indicating a continued focus on returning capital to shareholders.

In April 2024, the company issued $750 million in aggregate principal amount of 6.5% senior notes due 2032 and used the net proceeds to fund the redemption of its $750 million in aggregate principal amount of 6.75% notes due 2025, indicating active management of capital structure.

Capital expenditures at Las Vegas Strip Resorts, Regional Operations, and corporate and other entities of $157 million primarily related to information technology and room remodels, indicating investment in existing assets.

The company mentions its ability to achieve its public social impact and sustainability goals as a forward-looking statement, indicating a commitment to ESG initiatives.

Bank guarantees were provided to the government of Macau to warrant the fulfillment of labor liabilities, indicating a focus on social responsibility.

Reputational harm as a result of increased scrutiny related to our corporate social responsibility efforts is listed as a risk factor.

MGM China's 66% increase in casino revenues is attributed to the continued ramp-up of operations after the easing of COVID-19 restrictions, reflecting a positive market environment in Macau.

Las Vegas Strip Resorts rooms revenue increased 10% due primarily to the increase in ADR as a result of the Super Bowl being hosted in Las Vegas, demonstrating the impact of major events on the market.

The company acknowledges the impact on its business of economic and market conditions in the jurisdictions in which it operates and in the locations in which its customers reside, indicating sensitivity to macroeconomic factors.