thank joining Jim continue and you, and us well. to be all families you hope and your Thank I safe today. you for
several commitment course and we've be the by to I last and the to months, posed team. the of respond continue learned how virus, resilience the impressed of the challenges our Over the to by
and a developed set protocols have We proven of safety have health effective. that
hopeful grow, the of uncertainty, a year now to We head Our this plan do. charting are we the growth, end but governs helped environment, effectively the us cautious adopt future. everything of fiscal capabilities plan and and strong a the have we operating even become adapt to amidst into view philosophy with that respond, uncertain for which an that
for we're We quarter, pace and record our the with and strong, of the the in performance. our properties sequential recovery our markets continue of improvements third fundamentals well believe business properties operating regional led the of all We have several future. in are saw to generating positioned
we quarter, the the focused confidence continue signs on and promising third saw recovery broader of we environment. to While in stay
Our strategies priorities. several around are centered key
employees safety Convene health and conventions, remains and health the First, to with sporting and know We priority. we Confidence And effectively and guests success events, business which building our is confidence about and top that meetings our talked protocols we essential laser leveraging safety model health optimistic. are We our and and safety among leisure travelers. manage of our our plans to about for new costs. entertainment focused on operating remain of very
many operating evidenced of declining corporate this million rate, believe We efforts that stated by efforts we to call, are in levels, and sustainable, as and we margins. and our achievable. is burn XXXX cash of reduced our in when business XXX expense, returns continue last to Our identified these regional believe are improving costs quarterly our annualized we've
remain focused become significant where presence We our the to is further also executing up. iGaming increasing is position in gain strong, and of on top each Our states player month and has liquidity ramp our this has bolstered volumes publicly momentum opportunistic which continue markets to debt while already market earlier lastly, an share accelerate offering. And Asia. and we sports on data opportunities betting legalization a online gained BetMGM available. in three as sports long-term
results. Let's go into the quarter's
and XX, MGM our September now international Las properties the Vegas, of NoMad domestic With reopening all of are Park and open.
million Vegas Las quarter. the grew which XXX from were quarter Strip sequentially Our XXX second third million, revenues
Strip adjusted basis, XX Strip On our a compared Vegas property QX. EBITDA XXX second Las loss million to Our EBITDA million sequentially the from in XXX to hold grew million, QX in million XX quarter. was
attributable of to certain XX XX union in also contributions, million expense quarter, the our negotiated Las CityCenter. employees to September Strip XX and furloughed In in a our onetime million collectively Vegas third addition, the company properties, benefit not extended was including health benefits through resulting which
Our was third XX%. hotel quarter occupancy
to leverage as transient our to database, continue segments midweek and leisure the well our XX%. challenged we lack as offset occupancies of help remained While at casino group business,
by hotel design as the bolstered demand appropriate occupancies on however, the Our maintain mostly quality distancing caps results by XX%, where weekends the were to occupancy experience. social and stronger we were guest overall for of continue
While is we control. are been much what has our beyond on our focused control, within
restarting environment aggressively As manage we've match and to continued Sisolak creating reopened properties, We've Governor a cost of monitor focus employees demand. September for also XX, and up people, opening and our expanded guidelines to XXX closely door separating mass than people, the they no guests. gathering more to labor consistently are safe we limitations the Under we XXX variable entertainment. for on the were people. all as meetings to able On have Nevada's subgroups so XXXX to people live XX meetings of to from host long
hopefully that by Just the to January working X. increase announced a last week, to we're with also the further this Governor operatives plan capacity, XX% on
plan confidence entertainment a safety meetings entertainment bringing Vegas. meetings, proactively Confidence. and Las and back Convene safely events efforts these to in and for and help developed have will events, conventions health rebuild We believe sporting comprehensive with called and We live
experts with built program guest experience and layered and ticketing is planning and addresses food is Confidence comprehensive upon Convene arrival approach based services. guidelines our beverage plan on Our from from the and safety seven-point a to health entire
offering health utilized Hockey playoffs real company the Toronto Stanley pass new technology, Edmonton. new and at return Cup the be and process security successful we identity CLEAR will of COVID-XX time questionnaire MGM and amenity meetings health play with to biometric proud related clients. temperature partnered testing in a National particularly has leverage test protocol, an optional as our and a COVID which events League's was results are to This including We to the checks.
portable, XX recently deliver Pistons, MGM first our with allows conducted CUE to point-of-care approximately create As their part they in is and COVID-XX the testing pilot for tests events at and We Grand Detroit exhibitions. organizers said rapid, a MGM to from and able protocol, existing their meeting the of that molecular the Detroit Convene this with Health deploy feedback regime results And their minutes, their also event execute partnering perimeters Confidence a role have future. house and received share more currently group fact, ability in our group protocols, encouraging quote testing played we'll and customers to using these with be about in planners program. in in workout critical We've safely to near the we program. details of the
challenges believe but challenge business. convention term. be market without third the in continue near a driving to although continues remain beyond booking we stabilize demands to Weekend seasonal remained Looking the October, solid the demand quarter, midweek will
to a between the November developing holiday end travel do in every winter EBITDA periods for seasonally we're the and months, lower leisure December. At We also in expect pre-plans to losses. see the as we the minimize weekdays slow year, of
hopefully by back steps announcement are conventions, mass larger and meetings gathering to limits plan early encouraged the next We the on initial with year. bringing with our Governor's Convene as starting Confidence
announced recently of also the reopening Las seven entertainment and in We of of return Vegas. our venues shows live the
that significant is and of optimistic events we entertainment continue return. and eventually platforms obviously meetings Vegas very with material air the at larger that in on fully will scale to Las scale return That recovery the dependent conventions are We believe along travel. being said
expectations gain to performance, exceed Moving share. continue our on market the to which and US regional
million revenues in the to sequentially million quarter. by from Our third regional the XXX grew second XXX quarter
adjusted basis the in an EBITDA of prior was quarter Our with third open third compared period, to million but were property XXX EBITDA quarter growth of second that entirety quarter. points. year XXX in an loss XXX delivered for declined regional of million had the improving XX% the the X% revenue the property Properties from margins EBITDA
Our drive-to open improvements points. regional's from all for that particular the of to anywhere XXXX XXX exhibited with margin greater the majority were of quarter basis strength ranging
and EBITDAR. EBITDARS Park, in Harbor In achieved quarter, National Gold Northfield third the MGM record record each Springfield fact, quarter delivered Strike MGM and a all-time
to are by storms. team and thoughts the the Our and ramp as customers And close still And the members restrictions. regional ability believe our also to our class teams. well the of delivered local under This region. consumers destinations And tight driven all lack impact combined our throughout broader to MGM integrated of an we cost regional by our of Borgata an outside in such with out Hurricane are despite available quarter focus regional to Zeta. the We result capture in our and is has Detroit performing go Grand and impacting from two saw to continued incredible operating and alternatives our currently all, we property the wallet. at benefiting entertainment on best improvements properties. in Beau share margin
over carry limitations time. encouraged our eventually we as broader demand business are October, operational economy and the ease to into the will reopens capacity focus maintain We intense and see
lifted been to Mainland quarantine have impact measures and Turning of continued logistical resumed, while and visas issuance requirements and had XX-day has tourism between hurdles Macau the China the Macau market. testing to the Macau,
the quarter was very and XX of daily GGR the quarter. market down XX As China's year-over-year. that has breakeven Market property a million wide million result, XX% the week-on-week. all are segments. seeing Golden segments across improved by premium Month-to-date October's in into improving sequentially volumes we EBITDAR month, second Week. levels quarter steadily which the and second wide our were And respectively, property third sequentially revenues have encouraged crossed week properties since negative EBITDA adjusted the from the recovery improved visitation are third been we led MGM
driven gradual, properties premium rate We market, recovery Macau by our ideally which continue be mass to to are expect of positioned both capture. the will
level desire utmost to in begun We the remains ready at is In another and tower suites meaningful will also space there. both food the we operating XXXX. on and our underway ability the entertainment diversify And position to Currently, offerings. Cotai, our MGM along build importance, of market assets the Macau MGM with environment south and continue options on We've XX. our construction continue at strong. floors an to remains gaming of invest liquidity focused Cotai Macau adding of also and tower success unprecedented and we'll MGM additional position term strengthening in longer to in beverage mid the villas the our properties, of long-term liquidity gaming we're believe have in uncertain also and remodeling hotel and be
Earlier our Adjusting raised of this the at As X.X at included X.X issuance, MGP of opportunistically percent, had China billion X.X redeem liquidity, further at liquid our solidifying notes strong have we million operations. quarter for at MGM an MGP. units cash. at month, also million to to additional billion September three right X.X And senior our domestic MGM XX, MGM of had billion cause MGP Resorts already X.X eight position. of and OP still XXX MGM excluding for of over four XXX liquidity billion domestic China, year operations consolidated billion this we and and which
a spend betting moments discussing to Before our and we market. in few iGaming like go to US evolving rapidly sports position online questions, I'd a
share secure in in Over ideally working we the of a all the past to be it market market is XX% leader BetMGM momentum few In was towards September estimated space and as sports be the action as the a states markets states, with we're months, go front now gain top pleased is significant and is BetMGM in BetMGM solidifying is From in. results. continue and to more that soon live the are very eight in now which a BetMGM to in we expect in collectively believe and nine of which as standpoint, We of announced earlier to be and the XX operates. we one, year. around center continue positioning states from states with betting to Sunday we market it to by the this morning in launch critical end Tennessee, access positioning our currently XX BetMGM this of live. player have states which iGaming day in actively three
since Jersey currently have This position operating we iGaming X%. share exciting we strong growing share around in importantly, sports And betting betting be considering well as market West market and share New in We with in doubled Virginia. to estimate share demonstrated our market have January. online XX% also our a grew is in performance and online
momentum which our in are driving especially since Finally, great have retail property sports Mississippi, Michigan results. and regained reopenings
experience with DFS their can yahoo on pick a up partnership sign and Sports make link users now register starting from bet. this XX platforms Sports, including Our to steam. month average is we whereby monthly Earlier its Yahoo on it's app, BetMGMs launched directly streamline betting users also Yahoo million to a a
single is the in customer planned retail excited relationship. plays a near features more the betting have we channel an value customer. We higher omnichannel in iGaming know future remain We this and casinos, about customer sports near that in than future and who the
As of its such, M branding, we been against brand to combination is efficient experiential competitive offerings new exclusive as BetMGM. aggressively continue which destinations, integration life loyalty tools a leveraged acquisition be Through well we have to marketing, as direct of possible. strategic access to the believe MGMs broad-based that is with advantage program, and hosts its and life to as effective M working app BetMGMs customers key customer ground on as and introduce to the the ambassadors BetMGM physical
still the we're in innings, of our at to early While see excited early ability quality lower to in we're proof higher concept costs. acquire the customers
and equally base to MGMs belief as ultimately strong well, us business. naturally that our exciting growth BetMGM On our will customer mortar in the flip is drive side in fueling brick and expansion
its term, near time expand we and this fact, marketing base. to only as starting in better BetMGM over believe will the cross to are In already player continues get see opportunities
than net revenues original an to increase on XXX expectation. XXX $XXX the which progress, million in is Given BetMGM and XXXX, deliver better track from between million expected now is our
We few that we largest believe it focused We're about continue US But have closing very progress. turn work and we gaming, A remain and takes Again, long-term know this we more to have Q&A. thoughts. it a to we do excited what is be before winner. growth to think to opportunity our I executing. on we the
see been Over must know the guide the adhered. a incremental ever. us great the yet our we've that of to in will cover months. business, crucial commitment protocols diligent they the confidence last to COVID and globe, remain safety have past us our which protocols, successfully health out trends or we week, yet. impact consistently also not comprehensive change These future. have we're Well, guest as which and domestic operate across safety I've disciplined to the in we of through all health believe to woods reminding watching I all relative us aspects allowed successfully have We and and experience any we the strictly
an course, of long-term. challenges, While to who amazing we driven company, operations, thanks and regional XXXX the This recover quality are and to ability optimism term the is model, and headwinds, of ultimately Despite our an to we entertainment all strong new through operating and this an extremely there's our by recognize a experience grow. guests. sheet, MGM near seeing continue in people the a react, confident destinations commitment been have and Resorts to of plan, is strong led high our proven adapt balance remain we MGM our path to for to early to unwavering simply and our welcoming all by of who deliver safe, our
in power in the with With I'll a be Orix. footprint to a progress Looking to US future, integrated Macau developing happy the as and to forward growth Osaka, BetMGM resort it over developing operator, expanding all partners to ultimately questions. world opportunities, and in our of sports make we in leader turn our iGaming, class betting our continue in that
