Grizzly Bulls
Financial research concept

Casino Resort Nongaming Revenue

Casino resort nongaming revenue combines rooms, food and beverage, entertainment, retail, and other resort revenue outside the casino floor.

By Lee BaileyPublished Sep 25, 2026
Research context

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Research date
Sep 25, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context
18 connected conceptsPart of the reviewed Integrated Casino Resort Economics; issuer definitions remain distinct where disclosed.
Company examples
1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.
  1. MGM example
  2. Why it matters
  3. Source
  4. Part of the Integrated Casino Resort Economics
  5. See It in Company Research
  6. Continue Research

Nongaming revenue is revenue generated by an integrated resort outside casino operations.

A simplified construction is:

nongaming revenue = rooms + food and beverage + entertainment, retail and other revenue

MGM example

Using MGM's 2025 consolidated revenue-by-source disclosure:

  • rooms: $3.377 billion;
  • food and beverage: $3.046 billion;
  • entertainment, retail and other: $1.663 billion.

That implies approximately $8.087 billion of nongaming revenue before considering presentation nuances outside those categories.

This is a Grizzly Bulls calculation based on MGM's disclosed revenue lines.

Why it matters

Nongaming revenue shows how much of the resort's economics come from lodging, dining, entertainment, retail, and related services rather than direct gaming activity.

Source

Part of the Integrated Casino Resort Economics

Connect gaming volume and hold, realized table and slot win, gaming-versus-nongaming revenue mix, resort revenue streams, and property-level profitability to understand integrated casino-resort economics.

Browse the full operating model in Company Analysis →
Where this concept fits

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