The strip’s two largest casino operators remain optimistic about the latest information to indicate that Las Vegas tourism and visitor levels are starting to expel.
Top leader with MGM Resorts International and Caesars Entertainment expressed confidence in their respective activities and remained encouraged about the industry’s future during the last quarterly results.
Bill Hornbuckle, president and CEO of MGM Resorts, said that the company’s Las Vegas Casino Resorts performed well to start in 2025, with several properties that meet or exceed key measurements during the first three months of the year.
The company’s Las Vegas Strip properties generated net income of $ 2.2 billion during the first quarter, compared with $ 2.3 billion during the same period last year. The 3 percent decline from year to year is largely attributed to a reduction in revenue from non-games from not having Super Bowl, which the city hosted in February 2024.
Casino revenue generated by MGMS Las Vegas Resorts increased by 8 percent in 2025 compared to 2024, net $ 538 million this year. The hotel room laying on the strip increased by 1 percent, according to financial applications.
“When I think about our business, it begins in Las Vegas, which remains on a solid foot with our luxury offering that drives key results,” Hornbuckle said during the company’s revenue for the first quarter, leaving that the second quarter started strongly. “April will be a record hotel month for our Las Vegas Strip operations.”
Given that Hornbuckle said that the air capacity at Harry Reid International Airport “remains planned at record levels” for the second quarter this year.
“Overall, MGM is well positioned for the future,” he said. “We have market -leading operations in Las Vegas and the regions, and our resorts have received significant investments and care in recent years.”
The day before, Caesars Entertainment managers offered a similar story as investors and analysts during their results for the first quarter.
“While we realize the enormous uncertainty about the economic effect of potential political change in the United States, we remain, we remain encouraged in Las Vegas forward,” said Anthony Carano, president and head of Reno-based Caesar Entertainment. “We continue to experience solid coating trends that are driven by both leisure and group and convention customer.”
Tom Reeg, the company’s CEO, said that group bookings were about 20 percent of their room for the first quarter, which was slightly higher than the full -year average. He said that the company expects that 2025 will be a record year for group bookings, with “special strength” during the fourth quarter.
When it comes to games, Reeg said that there has been no significant change in customer behavior, which indicates that external economic conditions did not immediately affected business.
“I think we all live in a world where what happens in the stock market and at CNBC is the kind of echo chamber we live in,” Reeg said Tuesday. “I think the majority of our customers, the majority of American consumers are not shareholders. What they see right now is that gas prices are lower, people at CNBC are scared, rich people lose money. It’s not a terrible combination for them.”
Caesars reported $ 1.003 billion in net income and $ 177 million in net profit from its Las Vegas resorts for the quarter, according to Company Financials.
Earlier this week, Las Vegas tourism data showed a noticeable decline, especially in international trips. During the first three months of 2025, the Las Vegas visit decreased almost 7 percent compared to 2024. For the first time since the pandemic, the Las Vegas visit decreased for three months in a row, with the Back-to-Back percentage decreases in February and March the worst since the pandemic.
Contact David Danzis at ddanzis@ theplayerlounge.com or 702-383-0378. Follow @AC2vegas-danzis.bsky.social or @AC2vegas_danzis on X.
