ARIA Resort & Casino and JKS Restaurants Unveil Gymkhana, Bringing Indian Fine Dining to the Las Vegas Strip for the First Time

Rhea-AI Summary

ARIA Resort & Casino (NYSE: MGM) and JKS Restaurants opened Gymkhana in Las Vegas on Dec. 4, 2025, introducing the Two Michelin-starred London restaurant's first U.S. location and the first Indian fine-dining venue on the Las Vegas Strip. The 175-seat venue features themed spaces including The 42 Bar and a 58-seat Vault, North End–designed interiors, and a menu led by Executive Chef Srikant Kumar with signature dishes and new beef items for Las Vegas.

Gymkhana offers a 780-selection wine list, punch trolley service, reservations reopening Dec. 15, 2025, and regular hours Sunday–Thursday 5–10 p.m., Friday–Saturday 5–10:30 p.m.

Key Figures

Current price $35.54 Pre-news close, vs 52-week range $25.30–$41.32

Market cap $9.67B Equity value prior to Gymkhana opening news

Restaurant capacity 175 seats Total seating at Gymkhana in ARIA

The Vault seating 58 seats Secluded dining section at Gymkhana

Wine list size 780 selections Gymkhana Las Vegas wine list breadth

Wines by-the-glass 24 selections By-the-glass offerings at Gymkhana

Opening hours (Sun–Thu) 5 p.m.–10 p.m. Gymkhana Las Vegas standard weekday service

Opening hours (Fri–Sat) 5 p.m.–10:30 p.m. Gymkhana Las Vegas weekend service

Market Reality Check

$35.54 Last Close

Volume Volume 2.50M is about 45% below the 20-day average, suggesting limited pre-news positioning. low

Technical Trading 5.4% above the 200-day MA of $33.72 and about 14% below the 52-week high of $41.32.

Peers on Argus 1 Down

Momentum scanner shows only WYNN, down ~5.3%, while MGM was modestly up 0.57% and sector peers are mixed. This points to stock-specific positioning rather than a broad Resorts & Casinos move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	Hotel rebranding	Positive	+0.4%	Rebranding NoMad Las Vegas into The Reserve at Park MGM with Marriott tie-in.
Dec 01	Sportsbook partnership	Positive	+0.4%	Century Casinos opens BetMGM retail and online sports betting in Missouri.
Dec 01	Market expansion	Positive	+0.4%	BetMGM launches statewide mobile and retail sports betting in Missouri.
Nov 13	Capital project	Positive	-1.1%	Completion of $300M MGM Grand remodel with nearly 4,000 updated rooms and suites.
Nov 12	Community event	Positive	+0.9%	Hosting 15th Annual USO Salute to the Troops at Mandalay Bay.

Pattern Detected

Operational and branding news has generally coincided with small positive moves, with one notable negative reaction to a large remodel announcement.

Recent Company History

Over the past few months, MGM has focused on property upgrades, branding, and digital expansion. The MGM Grand completed a $300M tower remodel with 3,969 refreshed rooms and 753 suites, while NoMad Las Vegas is being rebranded as The Reserve at Park MGM effective Dec 17, 2025. BetMGM expanded into Missouri with statewide sports betting on Dec 1, 2025. These initiatives, like today’s ARIA fine-dining addition, emphasize enhancing guest experience and broadening the company’s hospitality and gaming ecosystem.

Regulatory & Risk Context

Short Interest

8.81%

0% 15% 30%+

moderate

Short interest at 8.81% of float with 6.47 days to cover indicates a moderately crowded short position that can amplify reactions to new information without determining direction.

Market Pulse Summary

This announcement adds a Two Michelin-starred brand to ARIA, reinforcing MGM’s strategy of differentiating its Las Vegas properties through high-end experiences. Recent updates such as the $300M MGM Grand remodel and The Reserve rebrand show a consistent focus on premium hospitality. Investors may watch how Gymkhana’s 175-seat footprint and 780-label wine program contribute to traffic and spend per guest, alongside broader metrics like Las Vegas Strip revenues and digital growth noted in recent filings.

Key Terms

Two Michelin-starred technical

"Gymkhana, the acclaimed Two Michelin-starred London restaurant, is now open..."

"Two michelin-starred" describes a restaurant that has received two prestigious awards from the Michelin Guide, indicating it offers exceptional quality and dining experience. This recognition often enhances the restaurant’s reputation and can attract more customers, potentially increasing its profitability. For investors, such accolades may signal strong brand value and customer loyalty, which can positively impact the business’s long-term success.

fine dining technical

"bringing Indian fine dining to the Las Vegas Strip for the first time"

Fine dining is a high-end restaurant experience characterized by elegant surroundings, attentive service, and gourmet cuisine. It often involves carefully crafted dishes, premium ingredients, and a sophisticated atmosphere, aiming to provide a memorable and luxurious meal. For investors, fine dining businesses can signify a focus on premium markets and consumer spending habits related to luxury experiences.

tasting menu technical

"Guests may enjoy dishes a la carte or opt for the tasting menu..."

A tasting menu is a carefully selected set of investment options or financial choices presented together, allowing investors to experience a variety of opportunities in one package. It helps investors diversify their portfolio and evaluate different options without committing to just one, much like trying small bites of different dishes at a restaurant to find favorites. This approach can provide a balanced overview of potential returns and risks in a manageable way.

a la carte technical

"Guests may enjoy dishes a la carte or opt for the tasting menu..."

A la carte refers to a way of choosing individual items separately rather than as part of a pre-set package or menu. In investing, it means selecting specific products, services, or options tailored to personal preferences, rather than buying a bundled package. This approach allows for more customization and control, which can help investors better align their choices with their individual goals and needs.

members-only vibe technical

"The 42 Bar presents a refined, members-only vibe with its coral..."

A "members-only vibe" describes an atmosphere that feels exclusive, private, and reserved for a select group of people. It often creates a sense of belonging and prestige, making those involved feel special or privileged. For investors, this feeling can influence perceptions of value and desirability, potentially affecting how much people are willing to pay or invest in certain products, services, or brands.

AI-generated analysis. Not financial advice.

London's Two Michelin-starred culinary institution makes its U.S. debut

LAS VEGAS, Dec. 4, 2025 /PRNewswire/ -- Gymkhana, the acclaimed Two Michelin-starred London restaurant, is now open at ARIA Resort & Casino in Las Vegas—marking its first location in the United States. Created by JKS Restaurants co-founders Jyotin, Karam and Sunaina Sethi, in partnership with MGM Resorts International, Gymkhana is the first Indian restaurant on the Las Vegas Strip, further strengthening ARIA's reputation as a premier dining destination.

From its original home in Mayfair to its new location in Las Vegas, Gymkhana at ARIA brings the same spirit of timeless Indian fine dining that has captivated guests and celebrities alike in the U.K. Now, for the first time, guests can experience Gymkhana's award-winning cuisine and hospitality without crossing the Atlantic. More than a restaurant, Gymkhana offers a world-class dining experience—welcoming both enthusiasts of Indian cuisine and those seeking an extraordinary evening defined by exceptional food, design and service.

"Bringing Gymkhana to ARIA has been years in the making, and we are honored to have this prestigious restaurant as part of our culinary portfolio," said Ari Kastrati, Chief Content, Hospitality & Development Officer for MGM Resorts. "We have partnered with the JKS team to deliver a best-in-class lifestyle experience for our guests—one that will not only elevate the city's food and beverage landscape but also bring an exciting new energy to The Strip's fine dining scene."

"We are grateful to work alongside renowned culinary leadership at MGM Resorts as we open Gymkhana in Las Vegas – one of the world's premier food cities," said Pavan Pardasani, Global Chief Executive Officer, JKS Restaurants. "ARIA is the perfect stage for the restaurant's next chapter as we share the brand's deeply rooted Indian hospitality with a global audience that values exceptional cuisine, first-class service and memorable dining experiences that make them return time and again."

Design
Designed by North End, the UK-based interior design studio led by Samuel Hosker, Gymkhana's interiors blend the intimacy of a London townhouse with the exuberance of Las Vegas. Guests enter through the signature green doors that immediately transport them into the iconic dining experience. The design draws inspiration from India's historic Gymkhana members' clubs and the grandeur of Indian private residences.

The 175-seat restaurant boasts rich jade green, polished dark timbers and brass accents inspired by the residential mansions of Kolkata. Deeper in the space, Kashmiri chili red ceilings, mirrored floral detailing and teal-accented paisley carpets evoke the sunlit vibrancy of Northern India.

As guests enter Gymkhana, they first step into the bar and lounge where exquisite design populates the space from floor to ceiling, featuring green Anaglypta wallpaper; Rajasthani cut-glass chandeliers that highlight the cane bar with its marquetry detail inlaid and deeply veined marble bar top; and antique mother-of-pearl-inspired bone inlay lamps. From there, guests get their first glimpse of the main dining room, which continues Gymkhana's design aesthetic, highlighted by five-finger parquet wood flooring and campaign-style furniture, including green leather and velvet banquette seating that carries throughout the space.

Tucked within the main dining room, The 42 Bar presents a refined, members-only vibe with its coral and blush pink-toned marble and crocodile skin burgundy leather five-seat bar. Low ceilings and cozy corners create an intimate, moody atmosphere. The intimate bar offers a relaxed yet stylish environment—perfect for cocktails, conversation and quiet indulgence.

Finally, the space flows into The Vault, a section of the dining space that offers 58 secluded seats and delivers a distinctive, atmospheric experience, reminiscent of the private clubs of India. Fluted dark timber paneling, deep red-hued leather and velvet banquettes, and brass accents create a rich, moody ambiance.

Culinary Experience
Created by JKS Co-Founder Karam Sethi and overseen by Gymkhana Las Vegas Executive Chef Srikant Kumar, the culinary menu takes inspiration from North India, with hints of the South and West. Flavors are bold, rooted in tradition and richly layered with spices sourced from India. The menu is divided into Appetizers, Kebabs & Tikkas, Curry & Biryani, and Sabzi.

Signature London favorites, including Tandoori Masala Lamb Chops, Morel Mushrooms & Truffle Pilaf, and Lasooni Wild Tiger Prawns are featured on the menu alongside dishes created exclusively for Las Vegas. A first for Gymkhana, the Las Vegas outpost offers dishes with beef, including Wagyu Keema Naan–a signature naan filled with spiced wagyu mince and served with cucumber and cumin raita–and the Beef Shortrib Pepper Fry, with tender short rib stir-fried with South Indian spices and coconut and served with flaky Malabar paratha.

Guests can round out their meal with decadent desserts, including Cardamom & Basmati Rice Kheer with a cardamom-infused rice pudding, figs, chikoo ice cream, rice tuile, pistachios and almonds, and the Mango Rasmalai–including sweet milk dumplings, mango and cardamom milk, and mango foam with rose petals.

Gymkhana guests may enjoy dishes a la carte or opt for the tasting menu, including a vegetarian option, while set menus are available for large-format feasts.

Beverage Program
Guests can expect a world-class beverage experience that complements the cuisine and is inspired by the celebrated cocktail traditions of India's historic member clubs. Alongside signature cocktails like the Bagheera, a green spicy mezcal margarita inspired by Chaprah, a bold Indian chutney made with ants from the jungles of India – the menu features the Gymkhana 'Punch Trolley Service,' a selection of large-serves presented tableside for up to eight people to share, and Reserve Cocktails – exceptional interpretations of classic and contemporary creations using premium spirits, such as The Boss Hog, Gymkhana's spin on an Old Fashioned.

Non-alcoholic offerings include creative twists on traditional Indian beverages, such as the refreshing Salted Lemon Nimbu Pani, Indian fresh lemonade with salted lemon and spiced salt, and the Alphonso Mango Lassi, a creamy yogurt drink made with India's prized mangoes and finished with pistachio.

The thoughtfully curated, 780-selection wine list, including 24 available by-the-glass, complements the beverage offerings. The list features renowned regions, including France—highlighting Burgundy and Bordeaux—along with Napa Valley and Germany. German whites, particularly Rieslings, are featured prominently, with some vintages dating back to 1971.

Due to high demand for Gymkhana, additional reservations for future dates will open on December 15. The restaurant is open Sunday – Thursday from 5 p.m. to 10 p.m. and Friday-Saturday from 5 p.m. to 10:30 p.m. Reservations can be made via SevenRooms or by calling ARIA Concierge at (702) 590-9520.

About ARIA Resort & Casino
ARIA Resort & Casino is centrally located on the Las Vegas Strip and offers a wide range of amenities, including world-class dining at Gymkhana, Din Tai Fung, Carbone and CATCH, premium meeting and convention spaces, striking architecture, and sustainable design. Its unparalleled offerings also include a first-of-its-kind public Fine Art Collection, setting the standard for a new generation of resort experiences. ARIA is operated by MGM Resorts International (NYSE: MGM). For more information or reservations, visit ARIA.com, call toll-free at (866) 359-7757, or find us on Instagram, Facebook, and X.

About JKS Restaurants
JKS Restaurants is a globally recognised UK-based hospitality group, celebrated for its creativity, innovation, and commitment to excellence. Founded in 2008 by siblings Jyotin, Karam, and Sunaina Sethi, JKS has shaped the dining landscape with a portfolio of 30 restaurants across the UK, Middle East, and U.S., including concepts created by the Sethis as well as those they partner and invest it. The group holds 6 Michelin Stars and 6 Michelin Bib Gourmands across its portfolio of Indian Restaurants (Trishna, Gymkhana & 42, Brigadiers, and Ambassadors Clubhouse), Fine Casual Restaurants (Berenjak, Hoppers, Plaza Khao Gaeng, and Speedboat Bar), and Chef-Led Restaurants (BiBi, Sabor, Legado, and Kitchen Table). Currently JKS is embarking on continued international expansion, focusing on North America and the Middle East. JKS Restaurants continues to set benchmarks for hospitality, blending food, design, and service to create experiences that are as memorable as they are diverse. For more information, visit www.jksrestaurants.com | @jks_restaurants.

Media Contacts
Becca PR
Email: MGM@hellobecca.com

Ashley Farkas
MGM Resorts Public Relations
Email: afarkas@mgmresorts.com

 

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SOURCE ARIA Resort & Casino

FAQ

When did Gymkhana at ARIA (MGM) open in Las Vegas?

Gymkhana opened at ARIA on Dec. 4, 2025 as the restaurant's first U.S. location.

What are Gymkhana at ARIA's hours and reservation dates for MGM guests?

The restaurant is open Sunday–Thursday 5 p.m.–10 p.m. and Friday–Saturday 5 p.m.–10:30 p.m.; additional reservations open Dec. 15, 2025.

How large is Gymkhana at ARIA and what special dining spaces does MGM offer?

Gymkhana seats 175 guests total, including The 42 Bar and a secluded 58-seat Vault.

Who operates Gymkhana at ARIA and which chef leads the MGM menu?

Gymkhana is a partnership between ARIA/MGM and JKS Restaurants, with Executive Chef Srikant Kumar leading the Las Vegas kitchen.

What notable beverage offerings does Gymkhana at ARIA list for MGM visitors?

The program includes a 780-selection wine list (24 by-the-glass), signature cocktails, punch trolley service, and nonalcoholic Indian-inspired drinks.