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MGM RESORTS ● INTERNATIONAL® MGM RESORTS INTERNATIONAL REPORTS SECOND QUARTER 2021 FINANCIAL AND OPERATING RESULTS Historical record Adjusted Property EBITDAR margins across Las Vegas Strip and Regional Operations Historical record Regional Operations Adjusted Property EBITDAR Recent announcements to monetize the Company's MGP Operating Partnership units and the underlying real estate of CityCenter and MGM Springfield further bolster the Company's liquidity position and simplify its corporate structure Exhibit 99.1 Las Vegas , Nevada , August 4 , 2021 – MGM Resorts International ( NYSE : MGM ) ( " MGM Resorts " or the " Company " ) today reported financial results for the quarter ended June 30 , 2021 . " We delivered a strong second quarter , driven by robust demand and productivity efforts across our domestic portfolio . Our Las Vegas Strip and Regional Operations Adjusted Property EBITDAR margins reached all - time records and our Regional Operations also delivered an all - time quarterly record in Adjusted Property EBITDAR . Our U.S. sports betting and iGaming venture , BetMGM , continues to outperform as the number two operator nationwide , " said Bill Hornbuckle , Chief Executive Officer and President of MGM Resorts International . " We also recently announced several strategic transactions that furthered our goal of becoming a more streamlined , focused organization with stronger liquidity . We continued to advance that goal today with our announced agreement with VICI and MGM Growth Properties to monetize our MGP Operating Partnership units for $ 4.4 billion in cash . I'm grateful for the tremendous work that our MGM Resorts teams continue to put into positioning this Company for future growth and success . " " Our robust liquidity position provides us with significant flexibility as our business continues to improve and stabilize . As such , we have returned capital to shareholders through share repurchases during the second quarter and expect to remain programmatic in our approach through the rest of the year , " said Jonathan Halkyard , Chief Financial Officer and Treasurer of MGM Resorts . " As we navigate future uses of our capital , we will remain disciplined in maintaining a strong balance sheet , pursuing targeted growth opportunities and returning cash to shareholders . " Consolidated Results Second Quarter 2021 Financial Highlights : Consolidated net revenues of $ 2.3 billion , an increase of 683 % compared to the prior year quarter . While the current quarter benefited from the easing of operational and capacity restrictions and an increase in travel , the prior year quarter was negatively affected by temporary closures at our properties due to the COVID - 19 pandemic ; Consolidated operating income was $ 264 million compared to consolidated operating loss of $ 1.0 billion in the prior year quarter ; Page 1 of 15