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Key Takeaways MGM Resorts is set to report Q3 earnings on Oct. 28, with EPS expected to fall 45.8% to 13 cents.Strong group bookings, premium gaming and entertainment events are likely to boost MGM's Las Vegas results.MGM's digital revenues are projected to rise to $207M, while regional revenues may decline to $870M.
MGM Resorts International (MGM - Free Report) is scheduled to report third-quarter 2026 results on Oct. 28, after the closing bell.

MGM’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 24%.

Trend in Estimate Revision of MGMThe Zacks Consensus Estimate for third-quarter earnings per share (EPS) is pegged at 13 cents, indicating a deterioration of 45.8% from 24 cents reported in the year-ago quarter.

For revenues, the consensus mark is pegged at nearly $4.25 billion, suggesting growth of 0.1% from the prior-year quarter’s figure.

Let's look at how things have shaped up in the quarter.

Factors Likely to Shape MGM Resorts’ Quarterly ResultsMGM Resorts' third-quarter performance is likely to have benefited from continued momentum across its Las Vegas Strip Resorts, supported by group and convention bookings, premium gaming demand and an expanded entertainment calendar. Management highlighted a favorable group booking environment entering the quarter, alongside a larger calendar of sports and entertainment events compared with the year-ago period. These factors are expected to have supported casino activity, hotel demand and non-gaming spending.

The company's Las Vegas Strip Resorts are likely to have benefited from the recovery at MGM Grand, supported by renovated room inventory and favorable gaming trends. Continued demand for premium gaming experiences and investments in luxury offerings are expected to have aided performance. Management also highlighted encouraging trends in high-end customer spending, which may have supported gaming revenues and overall profitability in the quarter under review. The Zacks Consensus Estimate for third-quarter Las Vegas Strip revenues is pegged at $1.99 billion, compared with $1.98 billion reported in the prior-year quarter. Segment-adjusted property EBITDA is projected at $582 million, down from $601 million reported in the year-ago quarter.

MGM China's third-quarter performance is likely to have benefited from a recovery in gaming volumes following the temporary disruption caused by the World Cup in June. Continued investments in premium gaming facilities, renovated suites and luxury hospitality offerings are expected to have supported customer engagement and gaming activity. The recently upgraded suites at MGM Cotai and expanded premium gaming areas may also have strengthened the company's competitive position in Macao. However, higher intercompany branding fees may have weighed on segment profitability. MGM China’s adjusted property EBITDA is projected at $254 million, down from $284 million in the prior-year quarter.

Digital operations are likely to have supported revenue growth, driven by the launch of MGM Digital's proprietary sportsbook in Sweden and growing traction for BetMGM-branded offerings internationally. Encouraging trends in first-time deposits, active players and net gaming revenues in Brazil may also have aided performance. The consensus estimate for digital revenues is pegged at $207 million, up from $174 million a year ago.

However, softness in lower-end leisure demand may have weighed on Las Vegas hotel performance. Management acknowledged continued demand challenges at Luxor and Excalibur, despite some stabilization from value-oriented packages. Subdued international visitation, cautious spending among value-conscious consumers and seasonal fluctuations in leisure demand may also have constrained hotel revenues and gaming activity. Regional Operations' performance is likely to have reflected continued benefits from targeted capital investments and premium gaming upgrades. However, the absence of contributions from Northfield Park following its divestiture may have weighed on reported revenues and profitability. The consensus estimate for regional revenues is pegged at $870 million, down from $957 million reported in the prior-year quarter, while adjusted property EBITDA is expected to decline to $253 million from $296 million.

What Our Model Says About MGM StockOur proven model does not conclusively predict an earnings beat for MGM Resorts this time around. The company does not have the right combination of the two key ingredients, a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), to increase the odds of an earnings beat.

MGM’s Earnings ESP: MGM Resorts has an Earnings ESP of -22.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

MGM’s Zacks Rank: The company currently has a Zacks Rank #5 (Strong Sell).

Stocks Poised to Beat on EarningsHere are some stocks from the Zacks Consumer Discretionary sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat.

Cinemark Holdings, Inc. (CNK - Free Report) currently has an Earnings ESP of +4.49% and a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Cinemark’s earnings for the to-be-reported quarter are expected to increase 127.5%. CNK reported better-than-expected earnings in the trailing three out of four quarters and missed once, the average miss being negative 11.4%.

Rush Street Interactive, Inc. (RSI - Free Report) currently has an Earnings ESP of +2.44% and a Zacks Rank of 2.

RSI’s earnings for the to-be-reported quarter are expected to increase 55.6%. Rush Street Interactive reported better-than-expected earnings in the trailing two out of four quarters, missed estimates once and reported in line once, with the average surprise being 6.3%.

Marriott Vacations Worldwide Corporation (VAC - Free Report) has an Earnings ESP of +10.02% and a Zacks Rank of 3 at present.

Marriott Vacations is expected to register a 45% increase in earnings for the to-be-reported quarter. VAC reported better-than-expected earnings in the trailing three out of four quarters and missed once, with the average surprise being 1.3%.

Culinary concept will unite Four Sixes Ranch's Western traditions with MGM's world-class hospitality

, /PRNewswire/ -- Marking a monumental new chapter for its culinary portfolio, MGM Grand is partnering with the legendary Four Sixes Ranch and visionary writer, director, and producer Taylor Sheridan to debut the renowned steakhouse in early 2027. Four Sixes Ranch Steakhouse will bring the uncompromising excellence, rugged spirit, and peerless heritage of one of America's most celebrated ranches directly to the Las Vegas resort.

MGM Grand Hotel & Casino to Open Taylor Sheridan's Four Sixes Ranch Steakhouse in Early 2027

"MGM Grand has long served as the premier stage for defining moments in global entertainment where memorable experiences and exceptional dining collide," said Ari Kastrati, Chief Content, Hospitality & Development Officer for MGM Resorts. "The arrival of the Four Sixes Ranch Steakhouse represents a pivotal moment in the evolution of our guest experience, introducing a pillar of American heritage representing the vision of Taylor Sheridan and his brilliant team at Four Sixes."

Sheridan added, "The Four Sixes Ranch has always stood for an uncompromising standard of craft and tradition, and bringing that ethos to a stage like MGM Grand is a thrilling evolution. Every dish will tell a story of the American West, and we can't wait to share it with everyone who walks through our doors."

The legendary 260,000-acre Four Sixes Ranch is far more than a historic property—it is a living symbol of the American West, celebrated for its cattle, world-class horses, and stewardship of the land. Sheridan, an owner of the ranch, has brought that world to audiences around the globe through hit shows such as "Yellowstone," "1883," "Landman," and "1923." The steakhouse brings together his passion for the ranch, his commitment to the legacy, and his distinctive approach to storytelling in a new expression of Western hospitality.

The culinary program will reflect the approach of an elite boutique steakhouse, combining time-honored ranch recipes with prime-grade beef, signature cuts sourced directly from Four Sixes Ranch and bold flavors rooted in authentic Texas cuisine. An adventurous beverage program will complement the menu with specialty craft cocktails, a curated wine list, and rare spirits.

Beyond the menu, guests will enter an immersive environment featuring digital walls showcasing custom footage from Sheridan, bringing the landscapes and spirit of the American West. The dining room will be designed by Charisse Cardenas, production designer for movies including Landman, Lioness, Madison and American Sniper. Plans also call for special events, adding another dimension to the restaurant's entertainment-driven experience.

After a celebrated two-year run on The Strip, Four Sixes Ranch Steakhouse will debut a fresh menu and reimagined setting in its new home in the former Crush American Grill space at MGM Grand. Additional details, including menu highlights, programming, and opening date information, will be announced in the coming weeks.

Follow @mgmgrand and visit MGM Grand online for the latest information.

Forward-Looking Statement
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding opening of the Four Sixes Ranch Steakhouse. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the opening or other events described herein will happen as described (or that they will happen at all). These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the economic and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of conversion or expansion projects, risks relating to domestic and international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

About MGM Grand
MGM Grand Hotel & Casino, "The Entertainment Authority," offers the ultimate Las Vegas experience with a variety of accommodations to serve every need and signature dining by top celebrity chefs including Tom Colicchio, Wolfgang Puck, Joël Robuchon and Morimoto. In addition to a pampering spa and salon and a contemporary conference center with more than 850,000 square feet of meeting space, the hotel offers a wide range of world-class entertainment at the MGM Grand Garden Arena; the epic KÀ by Cirque du Soleil; world-famous dance crew Jabbawockeez; Topgolf Las Vegas; Brad Garrett's Comedy Club; Tape Face; and Hakkasan Las Vegas. MGM Grand is operated by MGM Resorts International (NYSE: MGM). For more information and reservations, visit mgmgrand.com, call toll free at (877) 880-0880, or find us on Instagram, Facebook and X.

Media Contact

Becca PR, on behalf of Four Sixes Ranch Steakhouse at MGM Grand
[email protected]

Ashley Farkas
MGM Resorts International
[email protected]

SOURCE MGM Resorts

MGM Zone, Curated Culinary Experiences and Inspired Fashion and Art Pop-Ups Accelerate the Action on The Strip

Click here to download high-res photos.

Key Highlights:

MGM Zone: Bellagio, ARIA, The Cosmopolitan and Park MGM will host premier racing, culinary, fashion and art activations during the November 19-21 Las Vegas Grand Prix.
Racing & Fan Experiences: Features Carlos Sainz at ARIA's Smooth Operator Lounge, a Haas F1 Team showcase and meet-and-greet at The Cosmopolitan, and live auctions at The Auction by Google Play (ARIA).
Exceptional Dining & Mixology: Highlights include Bellagio's Shoey Bar, the Pepsi® Flavor Circuit at Park MGM, an exclusive dinner with Olivia Tiedemann at Scarpetta, a collaboration between Yoroniku and Shingo Gokan at Yellowtail and guest mixology residencies from Superbueno and Employees Only.
Art & Fashion: Features live painting by Armin Flossdorf and artist-designed racing helmets at The Cosmopolitan, alongside exclusive race-weekend apparel at Bellagio's Ferrari boutique.
, /PRNewswire/ -- MGM Resorts International is shifting into high gear for year four of the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2026 with MGM Zone, a turbocharged lineup of exclusive racing team activations, can't-miss culinary takeovers, retail experiences and more that will electrify fans leading up to and during race weekend.

MGM Resorts unveils fan experiences and activations for Las Vegas Grand Prix 2026, November 19-21. Shown here: Shoey Bar at Bellagio, 2025. Photo Credit: MGM Resorts

"With the Las Vegas Grand Prix back for year four, we are focusing on what MGM Resorts does best – bringing together incredible sports, luxury hospitality and entertainment," said Ryan Abboushi, MGM Resorts' President of Entertainment. "Through our partnerships with top global brands, our resorts along The Strip are set to provide race fans from all over the world with an experience they won't find anywhere else."

From November 16-22, Bellagio, ARIA, The Cosmopolitan and Park MGM will offer a variety of race-week experiences, including fan zones, food and beverage specials, immersive art and fashion pop-ups.

For the full list of events and activations, click here.

RACING, STYLE & SOCIALS

TGR Haas F1® Team Show Car and Memorabilia Display at The Cosmopolitan: Fans can get up close to an official TGR Haas F1 Team race car and exclusive memorabilia during a weeklong display at The Cosmopolitan, November 16-22. Located on Level 2 of the Chelsea Tower and accessible around the clock, the display will offer photo and video opportunities to capture the moment. A special Haas Team meet-and-greet on Wednesday, Nov. 18 will be open to guests on a first-come, first-served basis, with limited capacity. The meet-and-greet time and participating drivers and team members will be announced at a later date.
The Smooth Operator Lounge at ARIA: Back by popular demand, the lounge inspired by race car driver Carlos Sainz and his viral rendition of Sade's "Smooth Operator" returns to ARIA. Step into a transformed Proper Eats for custom apparel and signature cocktails inspired by Sainz's bold style, along with a special appearance by the driver himself. Adjacent to the lounge, Easy's Cocktail Lounge will offer live music, an intimate speakeasy atmosphere, and a premier VIP escape during race week.
The Auction by Google Play at ARIA: Google Play is bringing "The Auction by Google Play" to Iris at ARIA November 18-20, inviting race fans to explore an immersive experience featuring interactive gameplay and racing-inspired rewards. Guests can play a giant gacha game to earn tokens toward auction bidding, pick up a model car to customize, and personalize accessories at a keychain charm bar. The complimentary experience will be open noon-8 p.m. Wednesday; noon-8 p.m. Thursday; and noon-5 p.m. Friday, culminating in a live auction Friday from 6-8 p.m. Google Play Points members receive priority admission, with general admission subject to availability. Guests can register for an experience time slot by scanning a QR code at the venue entrance. Go Play. Google Play
 
Ferrari Boutique at Bellagio: Ferrari loyalists can explore a range of exclusive items that can only be found inside Bellagio. Bringing its distinctive glamour and style to the Las Vegas Grand Prix, Ferrari's boutique features special fashion items and one-of-one clothing only available during race weekend. The boutique is open daily 10 a.m. - 7 p.m.
 
The Paddock Journal and Lytedust Pop-Up at Bellagio: Motorsport, fashion and culture collide at Bellagio this November as The Paddock Journal, the world's leading fashion and motorsport magazine, and Lytedust, a global brand platform partnering with some of the world's most iconic names, join forces to bring a one-of-a-kind retail experience to the heart of the Las Vegas Strip. Located along Bellagio Promenade during race week, the four-day pop-up will showcase a carefully curated selection of iconic brands, exclusive releases and a few surprises still under wraps. Part retail destination, part celebration of racing culture, the experience promises something unexpected for racing enthusiasts, collectors and style-conscious visitors alike. Free and open to the public Nov. 19-22, the pop-up will operate from 10 a.m. to 7 p.m. Thursday through Saturday and from 10 a.m. to 2 p.m. Sunday.
 
Boulevard Party Deck at The Cosmopolitan: The Cosmopolitan's Boulevard Pool will transform into a lively race-week destination November 20-21, featuring on-screen race coverage, a live DJ and band, and a private viewing setup. The viewing party will take place from 5:30 to 10:30 p.m. each evening, with access available to hotel guests who book the two-night Boulevard Party Deck room package.
TASTE & TOAST

Shoey Bar at Bellagio: The fan and celebrity favorite Shoey Bar, frequented by Eva Longoria, Jeremy Renner and Mark Wahlberg during past races, returns for another year with live music, over-the-top cocktails and collectible offerings. Guests can sip from limited-edition Sparco motorsport shoes featuring a capsule of water from the iconic Fountains of Bellagio embedded in the design. The experience also features two unique offerings served in transformed race helmets: The Lid, a one-of-a-kind punchbowl cocktail, and The Kit, an elevated caviar service featuring caviar and accoutrements, two Shoey cocktails and personalized butler service with refined white-glove presentation. Collectible Shoey shot glasses and the playful Shoe Ski round out the offerings, making Shoey Bar one of the Strip's most spirited race week destinations. Shoey Bar will be open Nov. 19-21 from 11 a.m. to noon for eligible MGM Rewards members and from noon until late for the public.
FOOD DESERVES PEPSI® FLAVOR CIRCUIT at Park MGM: Pepsi® is dialing up the flavor for fans with a high-energy culinary experience featuring signature bites from beloved Las Vegas restaurants, with the perfect Pepsi® pairing to amplify every bite. Guests can taste their way through local favorites alongside curated mixology and special race-inspired DRIPS by Pepsi® crafted beverages. Bold flavors, interactive experiences, live DJs and celebrity appearances add to the race-weekend excitement. The experience will take place at 3758 Las Vegas Boulevard, adjacent to Park MGM, November 19 from 1 to 8 p.m. and November 20–21 from noon to 8 p.m.
Olivia Tiedemann Dinner at Scarpetta at The Cosmopolitan: Celebrated private chef, creator and author Olivia Tiedemann takes over Scarpetta at The Cosmopolitan on Friday, Nov. 20 for an exclusive dining experience that brings the unapologetic, decadent philosophy of her acclaimed cookbook, Eat (Like) the Rich, straight from the page to the plate. Designed to match the electric pulse of the Las Vegas Grand Prix, this culinary pop-up offers guests an opulent intersection of elite private-chef craftsmanship, bold flavors and uncompromised luxury, delivering a masterclass in high-end indulgence at the epicenter of race week. Ticketing and reservation details will be announced soon.
 
Yoroniku and Shingo Gokan Collaboration at Yellowtail at Bellagio: Yellowtail presents an exclusive, one-day-only culinary collaboration, welcoming Tokyo's legendary Yoroniku – Japan's most influential yakiniku destination – for an unprecedented takeover. On November 19, the partnership pairs Yoroniku's peerless cuisine with bespoke cocktail pairings curated by award-winning bar professional Shingo Gokan. Additionally, to celebrate the weekend's pulsating energy, Yellowtail will extend its hours until 3 a.m. on Friday and Saturday, offering premier patio front-row views of the Fountains of Bellagio across all three nights with a $150 minimum spend per guest. To book a reservation, visit Bellagio online.
 
Wine Tasting Experience at Michael Mina Bellagio: Michael Mina Bellagio will host a three-day series of race-week wine experiences November 19-21, featuring Silver Oak, Williams Selyem and Quintessa, accompanied by light bites and canapés. On November 19, Matt Duncan, Director of Silver Oak Cellars, will lead a master class exploring the winery's history, production and vineyards, with tastings of prior Alexander Valley and Napa Valley vintages. On November 20, Williams Selyem's Director of Winemaking Jeff Mangahas will host a guided tasting exploring the top terroirs of Russian River Valley and the Sonoma Coast. On November 21, Quintessa will lead a blending seminar exploring the individual vineyards behind its flagship wine, including a tasting of the newly released 2023 Quintessa. Each experience will run from 2 to 3 p.m., with attendance limited to 30 guests per day. Pricing is $145 plus tax and gratuity for one day or $399 plus tax and gratuity for all three days.
 
Superbueno at The Vault at Bellagio: New York's Superbueno will take over The Vault November 19-21, bringing agave-forward cocktails and bold late-night plates to Bellagio. The experience will run from 5 p.m. to midnight Thursday and 5 p.m. to 2 a.m. Friday and Saturday.
 
Employees Only at The Reserve Bar: For an exclusive race week residency, legendary New York City cocktail institution Employees Only brings its celebrated West Village speakeasy experience to Reserve Bar at Park MGM November 18-22. The pop-up will be open from 7 p.m. to 2 a.m. Wednesday, Thursday and Sunday, and from 8 p.m. to 2 a.m. Friday and Saturday. Renowned for its world-class mixology, pulsating late-night energy and rebellious sophistication, the pop-up showcases iconic libations and select culinary offerings from its acclaimed menu. The immersive experience is heightened by dynamic resident DJs, captivating burlesque performances and a signature psychic booth. Open to the public, reservations are accessible via SevenRooms.
 
Terrazza Champagne Experience with Moët & Chandon and Dom Pérignon at Bellagio: Terrazza di Sogno will transform into a Champagne lounge during race week, inviting guests to toast to the excitement with unparalleled views of the Fountains of Bellagio. The experience will be available November 19-21 from 1 to 7 p.m. and November 22 from 11 a.m. to 5 p.m.
 
Prix Fixe and Happy Hour at Harvest at Bellagio: Throughout the race weekend festivities, Harvest at Bellagio will present a bespoke two-course prix fixe menu, complemented by an exclusive Social Hour lounge experience featuring curated culinary and cocktail offerings. Special operating hours are set for November 19 from 4:30 to 9:30 p.m., and November 20-21 from 4 to 8 p.m. Reservations are available online through Bellagio.
 
Lights Out: A Momofuku Steakhouse-Inspired Dinner for Race Weekend: Momofuku Las Vegas at The Cosmopolitan is giving the classic steakhouse dinner a race-week tune-up with Lights Out, a four-course prix fixe menu available all three nights of race weekend. The menu features king crab "Louie" and an Australian Wagyu New York Strip with a marble score of 8-9. Additional offers throughout the weekend include a roaming caviar cart that will make laps around the dining room, complemented by raw bar specials and Australian Wagyu served for the table, Momofuku-style, with house banchan and a full ssam set.
 
Race to Taste at Wicked Spoon at The Cosmopolitan: One of the city's most popular buffets will offer an exclusive menu November 20-21, featuring dishes inspired by the home cities of races on the Formula 1 calendar. Nevada residents can enjoy a two-for-one special November 16-20 with a valid Nevada ID. MGM Rewards members with Platinum status or higher receive front-of-the-line access and a two-for-one offer with their MGM Rewards card.
LIVE EXHIBITIONS AND POP ART AT THE COSMOPOLITAN OF LAS VEGAS

OpenInkStand Live Guest Sketching: Artist Schin Loong of OpenInkStand will bring her signature live illustration experience back to The Cosmopolitan November 20-21, capturing guests in original, hand-painted sketches created on the spot. The Ringling College-trained illustrator previously brought her talents to the resort for its 2025 holiday season and returns with a race-week twist. Complimentary sketching will be available from 5 to 9 p.m. each day on Level 3 of the Boulevard Tower. Guests can join a mobile queue on a first-come, first-served basis and receive a notification when it is their turn.
 
The Bumbys: Anonymous performance duo The Bumbys are returning to The Cosmopolitan November 20-21 to deliver their signature "Fair and Honest Appraisals of Your Appearance." Guests are invited to step before their vintage typewriters to receive a personalized, witty and uplifting narrative inspired by their appearance as a one-of-a-kind race week keepsake. The experience will be available from 3:30 to 6:30 p.m. each day on Level 2 of the Boulevard Tower near Block 16.
 
Live Art with Armin Flossdorf: Internationally renowned artist Armin Flossdorf will paint large-scale race-themed works live throughout the week. Known for his quick, dramatic brushstrokes, Flossdorf builds his canvases in phases, creating dynamic scenes that evolve over time. Live painting will take place from 2 to 5 p.m. daily on Level 2 of the Chelsea Tower November 18-21, with additional sessions for guests attending the Boulevard Party Deck from 6 to 9 p.m. on November 20-21, weather permitting.
 
Race Weekend Digital Art Experience: The Cosmopolitan's iconic digital art displays will shift into high gear with a collection of race-inspired artwork transforming the resort's lobby November 9-22. Featuring color, light and motion, the installation will transform the space into an immersive gallery channeling the speed, energy and spectacle of the Las Vegas Grand Prix.
 
Curated Art Helmets: A unique collection of race helmets becomes captivating art created by Las Vegas artists and will be on display November 16-22. The one-of-a-kind helmets are inspired by the thrill of Formula 1 and The Cosmopolitan's bold artistic spirit.
Click here for the latest information about MGM Resorts' events and activations during November's race week. Follow @MGMResortsIntl for additional event updates.

About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and entertainment company with national and international destinations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 30 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe and Brazil. The Company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. Through its Focused on What Matters philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.

Forward-Looking Statement
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in MGM Resorts' public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. MGM Resorts has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, MGM Resorts' expectations regarding the fan experiences for the FORMULA 1® HEINEKEN SILVER LAS VEGAS GRAND PRIX 2026. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks that the fan experiences are not available or are not available in the manner described herein; FORMULA 1® HEINEKEN SILVER LAS VEGAS GRAND PRIX 2026 does not occur or does not occur in the manner described herein; any other event or factor which may prevent or inhibit MGM Resorts' ability to provide the fan experiences described herein; the effects of economic conditions and market conditions in the markets in which MGM Resorts operates and competition with other destination travel locations throughout the United States and the world; and additional risks and uncertainties described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

Media Contacts:
Natalie Mounier/Robert Flicker
Kirvin Doak Communications
[email protected]

SOURCE MGM Resorts International

TORONTO, Ont., Oct. 15, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading sports betting and iGaming operator, announced the renewal of its partnership with three-time National Hockey League (NHL®) Hart Memorial Trophy winner Connor McDavid. Since joining BetMGM’s roster of ambassadors in March 2022, McDavid has been featured in BetMGM's responsible gambling initiatives, which have demonstrated measurable shifts in how customers manage their play. 

“Connor has been an exceptional partner in helping us show that responsible gambling can be both engaging and effective,” said Adam Greenblatt, Chief Executive Officer, BetMGM. “The results of our campaign reflect how thoughtful messaging can drive meaningful action, with more players using tools like deposit limits to play within their comfort level. We're proud to continue working with one of hockey’s most respected leaders to ensure that gaming is always fun and entertaining.”

Under the renewed agreement, McDavid will continue to appear in BetMGM responsible gambling content across broadcast, digital and social platforms in Canada. The campaign will expand its reach to new audiences and markets, with a continued emphasis on promoting BetMGM's suite of player protection tools – including deposit limits, stake limits, time-out features, and self-exclusion options – all accessible directly within the BetMGM app. A third responsible gambling ad featuring McDavid will begin airing soon.

McDavid said, “Being disciplined and making smart decisions are big parts of hockey. They're important when it comes to sports betting, too. BetMGM gives players tools that help them stay in control of their play, because keeping betting fun starts with betting responsibly.”

Since launching in December 2025, the company's "Mullet Over" campaign has contributed to a 27 per cent year-over-year increase in the number of accounts with deposit limits.

Richard Taylor, Director of Responsible Gambling, BetMGM, said, "We believe player protection and great entertainment go hand in hand. Our relationship with Connor has helped make responsible gambling more relevant to sports fans, and the increased adoption of our tools and resources show the impact these efforts can have.”

BetMGM is currently available in 31 markets with mobile and retail offerings. As BetMGM continues to expand into new markets and introduces new features, responsible gambling remains a key focus.

Additionally, BetMGM is proud to provide resources to help customers play responsibly, including GameSense, an industry-leading program developed and licensed to BetMGM by the British Columbia Lottery Corporation. Through the integration within BetMGM's mobile and desktop platforms, customers can receive the same GameSense experience they have grown to rely on at MGM Resorts properties. GameSense complements BetMGM's existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.

For more information, follow @BetMGM on X.

###

Please play responsibly. Alberta (18+) and Ontario (19+) only. If gambling is affecting your mental health or well-being, 211 Aberta is here to help. Call or text 211 or visit ab.211.ca. In Ontario, visit ConnexOntario.ca or call 1-866-531-2600 or text CONNEX to 247247.

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About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state-of-the-art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit https://www.betmgminc.com.

Forward Looking Statements
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in MGM Resorts’ public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. MGM Resorts and BetMGM have based forward-looking statements on management’s current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, MGM Resorts and BetMGM’s expectations regarding the partnership with Connor McDavid. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the risk that the partnership does not occur in the manner described herein, risks related to the effects of economic conditions and market conditions in the markets in which MGM Resorts and BetMGM operate and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in MGM Resorts’ Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, neither MGM Resorts nor BetMGM is undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts or BetMGM update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

BetMGM Renews Partnership with National Hockey League Star Connor McDavid

BetMGM Renews Partnership with National Hockey League Star Connor McDavid Multi-year extension builds on company’s commitment to promoting award-winning responsible gambling ...

NEW YORK, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller’s bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.

Barry Diller is a member of MGM’s board of directors. People, Inc. (“People,” f/k/a/ IAC, Inc.), a company that Diller founded and controls, is MGM’s largest single stockholder. On June 1, 2026, People made an unsolicited bid to buy the remaining MGM stock for $48.30 per share.

If you are a current shareholder of MGM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/mgm-resorts-investigation.

Key Details of the MGM ($MGM) Investigation:

Investigation Overview: Breaches of Fiduciary Duty in connection with Barry Diller’s offer to acquire the remaining stock of MGM for $48.30 per shareAction: Contact BFA Law to discuss your rights Why is the MGM Transaction being Investigated?

As a director, Diller owes fiduciary duties to MGM and its stockholders. People also recently entered a governance agreement with MGM that gave People the right to designate two MGM directors going forward.   Because Diller “stands on both sides” of the proposed deal, and because other MGM fiduciaries could potentially receive benefits that other stockholders do not receive, these facts create a create conflicts of interest under Delaware law. If MGM and Diller reach an agreement, they must comply with Delaware’s strict requirements for “cleansing” these conflicts and ensuring the deal is fair to MGM’s stockholders.

In a news release on June 1, MGM stated that the board of directors “will carefully review and consider the proposal to determine the course of action that it believes is in the best interests of the Company and all of its shareholders.”  

BFA is investigating whether the potential agreement complies with Delaware law.

Click here for more information:

https://www.bfalaw.com/cases/mgm-resorts-investigation

What Can You Do?

If you are a current holder of MGM stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/mgm-resorts-investigation

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/mgm-resorts-investigation

Attorney advertising. Past results do not guarantee future outcomes.

BetMGM said its third-quarter performance kept the sports betting and iGaming operator on track to meet its full-year 2026 financial targets, citing a strong summer, solid early-season football engagement and continued emphasis on higher-value customers.

The company, which is backed by Entain LON: ENT and MGM Resorts, reported third-quarter net revenue of $710 million, up 7% from a year earlier, and adjusted EBITDA of $86 million. Management said it continues to expect full-year revenue of $2.9 billion to $3.1 billion and adjusted EBITDA of $300 million to $350 million, with both results expected toward the lower end of those ranges.

BetMGM said it is targeting sustainable profitability through selective customer acquisition, retention efforts and investments in markets and products that offer higher returns. The company reiterated that it sees a path to $500 million in adjusted EBITDA sometime after 2027.

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iGaming Growth Supported by Content and Alberta Launch
iGaming generated $483 million in third-quarter net revenue, an increase of 6% year over year. Net gaming revenue per active player rose 4%, while active players increased 2%.

Management said iGaming accounts for about 70% of BetMGM’s business and remains a key area of focus. The company pointed to its exclusive content strategy, including the U.S. launch of its Game of Thrones franchise, which it called its most successful game launch across its markets. BetMGM also introduced its SideBet Jackpot feature in Michigan and West Virginia and plans to roll it out across all gaming markets by year-end.

In Alberta, BetMGM said customer returns and per-player metrics have been attractive, with several indicators exceeding the performance seen after the Ontario launch. CFO Gary Deutsch said Alberta had a negligible effect on sports revenue in its first quarter of operation but contributed about two percentage points to iGaming growth. About 20% of players acquired during the quarter came from Alberta, he said.

The company also said its Borgata brand relaunch has gained traction. Average daily active users in New Jersey and Pennsylvania, where the refreshed app is available, were up 28% from a February pre-launch benchmark.

Sports Revenue Rises Despite Fewer Active Players
Online sports betting revenue rose 7% year over year to $216 million, while retail sports revenue increased 5% to $11 million. Online sports handle rose 3%, although year-over-year comparisons were affected by the inclusion of the World Cup in July and one fewer weekend of NFL and college football activity in September.

BetMGM said its strategy of prioritizing player value over total player count continued to lift customer metrics. Handle per active player increased 13%, while net gaming revenue per active player rose 18%. Average monthly active users declined 9%, a result management said reflected its deliberate reduction in investment in lower-return online-sports-only markets.

The company cited improvements to sportsbook speed, stability, cash-out functions, bet tracking, customizable bets and rewards features. It said September produced strong reactivations among higher-value customers. In Nevada, where BetMGM operates an omnichannel offering, online sports betting handle increased 8% during the quarter.

Management said competition remains intense, particularly from unregulated and illegal sports betting operators, and expects those conditions to persist at least through mid-2027. BetMGM also discussed prediction-market competitors, saying their marketing activity remains elevated but that its own customer acquisition costs and expected payback periods have improved since the latter stages of the World Cup.

Cash Returns to Parent Companies
BetMGM began paying fees to its parent companies earlier in 2026 for licenses and services. The company recorded $18 million in parent fees during the third quarter and made an additional $50 million cash distribution, resulting in total cash returned to Entain and MGM Resorts of $68 million.

Deutsch said the company’s strong EBITDA flow-through this year has primarily reflected lower marketing costs compared with the prior year. He added that payment-processing efficiencies and other operating improvements also contributed, while data, content and tax costs remain areas where expenses can be difficult to reduce.

BetMGM said it will continue to allocate capital toward profitable customer acquisition and retention, particularly in multi-product markets, iGaming, Nevada and premium online sports customers, as it enters the heart of the NFL season.

About Entain (LON:ENT)Entain plc LSE: ENT is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.
The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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MGM Resorts International (NYSE:MGM – Get Free Report)’s stock price reached a new 52-week low on Monday after Barclays lowered their price target on the stock from $48.00 to $37.00. Barclays currently has an equal weight rating on the stock. MGM Resorts International traded as low as $28.80 and last traded at $28.8440, with a volume of 231,619 shares trading hands. The stock had previously closed at $29.27.

A number of other research firms have also recently commented on MGM. Jefferies Financial Group restated a “hold” rating on shares of MGM Resorts International in a report on Thursday, July 2nd. UBS Group dropped their price objective on shares of MGM Resorts International from $50.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. Susquehanna dropped their price objective on shares of MGM Resorts International from $46.00 to $41.00 and set a “positive” rating on the stock in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of MGM Resorts International from $46.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Finally, Mizuho cut their price objective on shares of MGM Resorts International from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.66.

View Our Latest Report on MGM Resorts International

Hedge Funds Weigh In On MGM Resorts International A number of hedge funds and other institutional investors have recently modified their holdings of MGM. State Street Corp lifted its holdings in MGM Resorts International by 0.8% during the second quarter. State Street Corp now owns 7,047,768 shares of the company’s stock valued at $336,954,000 after purchasing an additional 56,072 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in MGM Resorts International by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,379,727 shares of the company’s stock worth $88,050,000 after purchasing an additional 36,649 shares during the period. Montanova Capital LLC boosted its position in MGM Resorts International by 7.7% during the second quarter. Montanova Capital LLC now owns 2,325,360 shares of the company’s stock worth $111,175,000 after purchasing an additional 166,560 shares during the period. Bank of New York Mellon Corp increased its stake in shares of MGM Resorts International by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 1,598,531 shares of the company’s stock worth $76,426,000 after purchasing an additional 46,268 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of MGM Resorts International by 2.2% in the first quarter. Royal Bank of Canada now owns 1,110,977 shares of the company’s stock worth $41,117,000 after purchasing an additional 23,951 shares in the last quarter. Hedge funds and other institutional investors own 68.11% of the company’s stock. MGM Resorts International Price Performance The firm’s 50 day moving average price is $39.31 and its two-hundred day moving average price is $41.37. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.34 and a quick ratio of 1.30. The stock has a market cap of $7.28 billion, a PE ratio of 17.53, a P/E/G ratio of 1.50 and a beta of 1.35.

MGM Resorts International (NYSE:MGM – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%. The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same period in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts expect that MGM Resorts International will post 1.95 earnings per share for the current year.

(Get Free Report)

MGM Resorts International is a global hospitality and entertainment company that develops, owns and operates destination resorts with casinos, hotels, restaurants, retail, entertainment venues, meeting facilities and other leisure offerings. Its properties operate under brands including MGM Grand, Bellagio, ARIA, Mandalay Bay, The Cosmopolitan of Las Vegas, Park MGM, New York-New York and MGM National Harbor.

The company serves customers in Las Vegas and other U.S. markets, including regional destinations in Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York and Ohio.

See Also Five stocks we like better than MGM Resorts International Broadcom’s Anthropic Bet Gets Bigger as $60 Billion Financing Raises the Stakes Insider Buying Signals Opportunity in H.B. Fuller, FocalTherics, Cardinal 5 Retail Picks to Watch as the Holiday Shopping Season Nears C.H. Robinson Bets Its AI Story on RXO—But the Market Isn’t Sold Receive News & Ratings for MGM Resorts International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGM Resorts International and related companies with MarketBeat.com's FREE daily email newsletter.

NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller’s bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.

Barry Diller is a member of MGM’s board of directors. People, Inc. (“People,” f/k/a/ IAC, Inc.), a company that Diller founded and controls, is MGM’s largest single stockholder. On June 1, 2026, People made an unsolicited bid to buy the remaining MGM stock for $48.30 per share.

If you are a current shareholder of MGM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/mgm-resorts-investigation.

Key Details of the MGM ($MGM) Investigation:

Investigation Overview: Breaches of Fiduciary Duty in connection with Barry Diller’s offer to acquire the remaining stock of MGM for $48.30 per shareAction: Contact BFA Law to discuss your rights Why is the MGM Transaction being Investigated?

As a director, Diller owes fiduciary duties to MGM and its stockholders. People also recently entered a governance agreement with MGM that gave People the right to designate two MGM directors going forward.   Because Diller “stands on both sides” of the proposed deal, and because other MGM fiduciaries could potentially receive benefits that other stockholders do not receive, these facts create a create conflicts of interest under Delaware law. If MGM and Diller reach an agreement, they must comply with Delaware’s strict requirements for “cleansing” these conflicts and ensuring the deal is fair to MGM’s stockholders.

In a news release on June 1, MGM stated that the board of directors “will carefully review and consider the proposal to determine the course of action that it believes is in the best interests of the Company and all of its shareholders.”  

BFA is investigating whether the potential agreement complies with Delaware law.

Click here for more information:

https://www.bfalaw.com/cases/mgm-resorts-investigation

What Can You Do?

If you are a current holder of MGM stock, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/mgm-resorts-investigation

Or contact:

Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.

Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”

Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/mgm-resorts-investigation

Attorney advertising. Past results do not guarantee future outcomes.

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MGM Resorts International CEO Bill Hornbuckle is leaving open the possibility that the casino operator could acquire Barry Diller's People Inc., a striking reversal after the media company abandoned its own effort to take over MGM.

Asked at the Global Gaming Expo this week whether MGM was considering buying People Inc., Hornbuckle said MGM would continue pursuing what is in the best interest of shareholders and "trying to unlock the value of a company that we think is grossly undervalued."

Hornbuckle pointed to MGM's collection of assets, including BetMGM, its casino operations in Macao, its resort under construction in Japan and its properties in Las Vegas.

The Wall Street Journal reported last week that MGM was exploring an offer for People Inc. The publishing and holding company, formerly known as IAC, owns roughly 27% of MGM and is its largest shareholder.

People Inc. last week withdrew its $48.30-per-share proposal to buy the rest of MGM. Diller said the "mix" of factors required to complete the transaction had not come together as the company had hoped, but said People Inc. remained interested in a possible strategic transaction with MGM.

Hornbuckle called Diller and People Inc. "an amazing shareholder" and said Diller remains bullish on Las Vegas.

"There's nothing like it replicated anywhere in the world," Hornbuckle said. "It is the one place, particularly in his world, where AI won't disintermediate it."

Unlike some of People Inc.'s publishing and digital businesses, Hornbuckle said, Las Vegas is built around physical experiences that artificial intelligence cannot replace.

"People are coming here to enjoy things physically, and that's not going to change," he said.

MGM shares were trading near $32 ahead of the G2E discussion, well below the $48.30 price People Inc. had offered in June.

Caesars prepares to go privateThe talks between MGM and People Inc. come as one of MGM's biggest Las Vegas rivals prepares for a take-private transaction.

Caesars Entertainment shareholders last week approved the company's $17.6 billion sale, including assumed debt, to Fertitta Entertainment. The deal would combine Caesars' casino and digital operations with Tilman Fertitta's Golden Nugget casinos, Landry's restaurant group and other hospitality assets.

Caesars CEO Tom Reeg said operating as a private company would allow management to take a longer view.

"We're forced as public companies to think in 90-day increments far more than is healthy for any business," Reeg said. "That's not how you run a business."

He said the combination with a hospitality company that has more than 400 outlets across the country creates an opportunity to connect the businesses into a broader customer ecosystem.

The transaction is undergoing an extended antitrust review by the Federal Trade Commission, which recently issued a second request for information.

Reeg called the request normal for a transaction of this size and said the markets under scrutiny are not particularly material to the combined company.

"You shouldn't be surprised if there's a property or two that ultimately gets divested," Reeg said. "But I wouldn't expect them to be needle movers from a news perspective."

Reeg said the recent interest in the casino space from Diller, Fertitta and activist investor Carl Icahn indicates that sophisticated investors see long-term value in Las Vegas despite weaker visitation and concerns about prices.

"You have some of the smartest people in the world saying, 'How do I get in?'" Reeg said.

Asked whether those investors were buying because Las Vegas is a bargain, he said, "I think it's both."

Wynn's UAE betBeyond Las Vegas, Wynn Resorts CEO Craig Billings said construction of Wynn Al Marjan Island in the United Arab Emirates remains on track despite regional conflict that has contributed to a roughly $600 million increase in the project's budget.

Billings said approximately half of that increase is related to the conflict, but the resort has missed only one day of construction.

Most of the disruption came during a two- to three-month period when supply chains were being rerouted through different ports, he said. Shipping costs also surged because insurers were unwilling to cover some routes.

"From our perspective, it's super straightforward: Get open, start earning EBITDA," Billings said. "You're going to pay for that uptick in cost very, very quickly."

Billings said Wynn's property and construction insurance costs at the site have not increased, citing the security provided by authorities in the UAE. The resort is scheduled to open in September 2027.

The property will be the first integrated resort with casino gaming in the UAE and represents Wynn's biggest expansion beyond its existing markets in Las Vegas, Boston and Macao.

Macao's premium customerBillings also played down the importance of broad visitation figures in Macao, which saw record visitor traffic in August.

Wynn's results depend less on how many people enter Macao than on which customers arrive, he said. The company targets the premium end of the market.

Billings described Macao as the largest gaming market in the world, generating roughly five times the gaming revenue of the Las Vegas Strip with about 30% as many hotel rooms.

"Whether Macao's up 2%, down 3%, you have to look through any given cycle," he said. "We remain very, very focused on the mid- and long-term in Macao."

Hornbuckle said MGM is the smallest of the major operators in the market and is similarly focused on higher-value customers. He said 94% of MGM's occupied rooms in Macao are filled by known casino customers, and the company is converting more standard rooms into suites to meet demand.

And while luxury retail sales have been soft in China, Billings said that is not necessarily a warning sign for casino spending.

Chinese consumers are changing their brand preferences, he said, weakening the historical relationship between luxury retail sales and gaming revenue.

MGM's Japan resort emerges from the groundHornbuckle said MGM's integrated resort in Osaka, Japan, is on time and on budget after more than a year of site preparation on the man-made island of Yumeshima.

The development will cover roughly 97 acres and 18 million square feet. Hornbuckle said its casino floor will be four times the size of the casino at MGM's Bellagio.

"We're finally coming out of the dirt," he said. "You can see the structures. Steel is being laid."

Hornbuckle said that if Singapore's integrated resorts provide a reasonable comparison, MGM Osaka could quickly become a $2 billion cash-flow business.

Japan has so far only approved the Osaka development, but Hornbuckle said the potential for competition in or around Tokyo wouldn't pose a threat, given Japan's population and the time it would take a rival to propose and build a new project.

"If we don't have a five-year head start on this — and then some — I'd be absolutely shocked," he said.

, /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the third quarter 2026 after the market closes on Wednesday, October 28, 2026. MGM Resorts will host a conference call that day at 5:00 p.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. In addition, supplemental slides will be posted prior to the start of the call on MGM's Investor Relations website at  http://investors.mgmresorts.com.  

The call will be accessible via the Internet through http://investors.mgmresorts.com/events-and-presentations/ or by calling 1-888-317-6003 for domestic callers and 1-412-317-6061 for international callers. The conference call access code is 9250061.

A replay of the call will be available through November 4, 2026.  The replay may be accessed by dialing 1-855-669-9658 or 1-412-317-0088.  The replay access code is 9853875.

About MGM Resorts International
MGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and entertainment company with national and international destinations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 30 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe. The Company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. Through its Focused on What Matters philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®. For more information, please visit us at www.mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.

MGM RESORTS CONTACTS

Investment Community:
SARAH ROGERS, Senior Vice President of Corporate Finance and Treasurer
[email protected]

HOWARD WANG, Vice President of Investor Relations
[email protected]

News Media:
BRIAN AHERN, Executive Director of Communications
[email protected]

SOURCE MGM Resorts International

Weekly Market HighlightsMarket breadth showed broader declines this week with 3,908 advancing stocks against 5,934 declining stocks, reflecting a negative sent

Trading in MGM Resorts International (NYSE:MGM) is quiet on Friday. The stock fell about 11% yesterday after Barry Diller withdrew his proposal to buy shares and ended the planned acquisition.

The sell-off may present a buying opportunity. MGM is the Stock of the Day because it is oversold and at support. This could be a bullish dynamic.

• MGM Resorts International shares are retreating from recent levels. What’s weighing on MGM shares?

Traders pay attention when stocks become oversold. Oversold conditions are created by emotional and aggressive sellers.

They believe the shares are going to continue to drop lower and panic. They push them below what would be their typical or usual range.

This can be important. Reversion to the mean is a common theme in many trading strategies. Oversold conditions will draw buyers into the market.

They anticipate a reversion or move higher. Their buying could push the price up.

Moving Average Convergence Divergence (MACD) is a popular tool used by traders to determine if a stock is oversold. If the blue line is extremely low, like it is now, it indicates oversold conditions.

MGM is also close to a potential support level.

In March, support was $32.85. After the shares rallied, many people who sold at support regretted it. Some of them will try to repurchase their shares if they reach their selling price.

Their buy orders may create support.

In addition to these two potentially bullish dynamics, an extremely large amount of volume was traded yesterday. It could be a sign that the sellers capitulated.

This means if new buyers enter the market, they will have a hard time finding sellers. They will be forced to be aggressive and outbid each other if they want to draw sellers back in. This could force the shares into an uptrend.

The combination of being oversold and at support with a possible capitulation by the sellers could mean the stage is set for a reversal. MGM may be about to head higher.

Photo: Shutterstock

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People Inc. stock was surging as MGM Resorts considers whether to launch a bid for the Barry Diller-owned media company.

MGM Resorts International (MGM.N) is discussing making a bid to purchase Barry Diller's People Inc (PPLI.O), the Wall Street ​Journal reported on Thursday, a day after People Inc withdrew ‌its proposal to buy MGM Resorts.

New York-based People's shares rose 9% after the bell.

If it decides to proceed, MGM could make its proposal in ​the coming days, the report added, citing people familiar ​with the matter.

The move would mark an unusual attempt ⁠by MGM Resorts to acquire its longtime largest shareholder, ​whose approximately 27% stake is valued at nearly the same amount ​as the media company's own market capitalization, the WSJ report said.

Diller began building a stake in MGM in 2020, when the casino operator's shares ​were battered by closures and travel restrictions due to the ​COVID-19 pandemic.

People, formerly IAC, is a digital media and holding company that owns ‌brands ⁠including People, Food & Wine, Southern Living and the Daily Beast.

The company has spent recent years streamlining its portfolio around its core publishing operations and its investment in MGM Resorts, where it ​built a sizeable ​stake after ⁠Diller identified the casino operator as undervalued and as an opportunity to diversify beyond media.

Last month, ​People's second-quarter results pointed to improving profitability at ​its publishing ⁠business, despite pressure on web traffic from AI-driven changes in search, though investors remained largely focused on the value of its ⁠MGM ​stake.

MGM did not immediately respond to a ​Reuters request for comment. People declined to comment.

24.9.2026 20:05, DJI, SPX, QQQ

Americké akciové trhy se pohybují v mírně záporném pásmu, přičemž index Dow Jones odepisuje 0,38 % na 51 317,46 bodu, S&P 500 klesá o 0,12 % na 7 696,91 bodu a technologický Nasdaq Composite ztrácí 0,22 % na 26 876,34 bodu. Akcie postupně odmazávají hlubší ztráty díky zprávám o možném jednání mezi USA a Íránem o znovuotvření Hormuzského průlivu, což mírní obavy z vysokých cen energií a navazující inflace. Trhy však udržují pod tlakem prohlášení některých představitelů FEDu, kteří upozorňují na potřebu dalšího zvyšování úrokových sazeb.

Mezi sektory se nejvíce daří komunikačním službám se ziskem 1,4 %, energiím s růstem o 1 % a zdravotní péči, která přidává 0,6 %. Naopak nejslabším odvětvím jsou základní materiály se ztrátou 1,1 %, následované sektory průmyslu a informačních technologií, které shodně odepisují 0,6 %.

Na čele růstových akcií se nachází společnost Everpure (P) se ziskem 14 %. Výrazně posilují také Charles River Laboratories International (CRL) o 6,2 %, GoDaddy (GDDY) o 5,0 %, Illumina (ILMN) o 4,6 % a Royal Caribbean Cruises (RCL) o 4,4 %. Naopačnému tlaku čelí společnost MGM Resorts International (MGM), jejíž akcie propadají o 11 % v reakci na zprávu, že ze záměru na její převzetí odstoupila společnost People Inc. Ztráty zaznamenávají také Gen Digital (GEN) o 9,1 %, First Solar (FSLR) o 8,1 %, Rollins (ROL) o 6,9 % a Xylem (XYL) o 5,1 %.

Na komoditních trzích rostou ceny ropy. Americká ropa WTI přidává 3 % na 94,94 dolaru za barel a severomořský Brent se obchoduje kolem 106 dolarů. Spotové zlato naopak oslabuje o 0,6 % na 4 260,70 dolaru za unci. Na devizovém trhu posiluje dolarový index o 0,3 %, zatímco euro zůstává bez výraznějších změn na úrovni 1,1372 USD. Britská libra oslabuje o 0,1 % na 1,3220 USD a japonský jen ztrácí 0,4 % na 158,89 JPY za dolar. Výnosy dluhopisů pokračují v růstu. Desetileté americké dluhopisy dosahují výnosu 5,15 % a třicetileté dluhopisy vystupují na 5,44 %, což představuje nejvyšší úroveň od roku 2004.

Index Dow Jones -0,38 % na 51317,46 b.
S&P 500 -0,12 % na 7696,91 b.
Nasdaq Composite -0,22 % na 26876,34 b.

Index S&P 500 -0,12 % na 7696,91 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Komunikační služby +1,4 % Základní materiály -1,1 % Energie +1 % Průmysl -0,6 % Zdravotní péče +0,6 % Informační technologie -0,6 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Everpure (P) +14 % MGM Resorts International (MGM) -11 % Charles River Laboratories International (CRL) +6,2 % Gen Digital (GEN) -9,1 % GoDaddy (GDDY) +5,0 % First Solar (FSLR) -8,1 % Illumina (ILMN) +4,6 % Rollins (ROL) -6,9 % Royal Caribbean Cruises (RCL) +4,4 % Xylem (XYL) -5,1 %
Daniel Marván, Fio banka, a.s.

Barry Diller's People Inc withdrew its proposal to buy the outstanding shares of MGM Resorts International (NYSE:MGM) that it does not already own, sending the casino operator's stock down nearly 9% on Thursday morning.

The group proposed in June to acquire the MGM shares for $48.30 a share, a deal that valued MGM at more than $18 billion.

"We didn't feel the mix was coming together in the way we had hoped and have decided not to pursue taking the company private at this time," Diller said.

He added that People's belief in MGM's future remained "undimmed."

Diller said People retains "total confidence" in MGM's management and remains open to a strategic transaction with the company.

The withdrawal follows several months of negotiations between People and a special committee appointed by MGM's board.

MGM said its board remains committed to continuing to lead the company as a standalone business.

MGM Resorts board chairman Paul Salem highlighted the company's Las Vegas properties, regional operations and momentum at BetMGM.

Salem also cited MGM China and the opportunity at MGM Osaka as supporting a path to increasing shareholder value.

Diller, who has viewed MGM as undervalued, had seen a larger stake as a way for People to diversify beyond its core media business, which includes People magazine and Food & Wine.

MGM Resorts International (NYSE:MGM) shares are trading lower after People Inc. announced it withdrew its proposal to purchase all public shares of the company.

MGM Resorts stock is trading at depressed levels. Where are MGM shares going? Diller’s People Drops Pursuit of MGM AcquisitionAccording to Reuters, media mogul Barry Diller‘s People, formerly known as IAC, had proposed in June to buy all remaining MGM shares it didn’t already own, valuing the company at more than $18 billion in a $48.30-per-share cash offer. People currently owns approximately 27% of MGM, a stake it began building in 2020 when the casino operator’s shares were battered by COVID-19-related closures and travel restrictions.

“We didn’t feel the mix was coming together in the way we had hoped and have decided not to pursue taking the company private at this time,” Diller said, adding that People remains open to and interested in a potential strategic transaction with MGM going forward.

MGM Reaffirms Standalone StrategyIn a separate statement, MGM said its “board remains excited to continue to lead MGM Resorts as a standalone company.” MGM owns marquee properties accounting for roughly 40% of the Las Vegas Strip, but has faced sluggish foot traffic in recent quarters, leaning on growth in its China assets, including Macau, and digital operations. Diller’s pursuit of MGM echoes his earlier bet on Expedia, which IAC acquired in 2002 before later spinning it off.

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MGM Shares FallMGM Price Action: At the time of publication, MGM shares are trading 10.54% lower at $33.86, according to data from Benzinga Pro.

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Maple Gold Mines Ltd. (MGM:CA) Presents at Precious Metals Summit Beaver Creek 2026 Prepared Remarks Transcript

, /PRNewswire/ -- Today People Incorporated (NASDAQ: PPLI) announced it has withdrawn its proposal to purchase all public shares of MGM Resorts International.

People Incorporated Chairman and Senior Executive Barry Diller said,  "There are lots of ingredients that go into a proposal of this kind on its way to completion. We didn't feel the mix was coming together in the way we had hoped and have decided not to pursue taking the company private at this time. What is undimmed is our belief in the future of MGM Resorts. We continue to hold 66.8 million shares representing approximately 27% of MGM Resorts and have total confidence in both the management and the Company's prospects." 

Continued Mr. Diller,  "I want to thank the Special Committee and all the MGM Directors for giving us the time and consideration during the process. People Incorporated is doing just fine with its principal publishing business achieving its 11th quarter of growth with plenty of cash to both invest in its business and purchase its stock."

"We at People Incorporated remain open to and interested in the possibility of a strategic transaction with MGM Resorts and look forward to considering a range of alternatives," concluded Mr. Diller.

Cautionary Statement Regarding Forward-Looking Information

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "intends," "estimates," "expects," "plans" and "believes," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to future investments in our business and purchase of our stock, and the possibility of a strategic transaction.  Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: (i) the impact of advances in artificial intelligence ("AI") and other digital technologies, including AI-enabled search features, on how users access and consume information and the resulting effects on traffic, engagement and monetization, (ii) our reliance on search engines and third-party platforms, including changes in algorithms, policies, economics or features (including those implemented by Google), as well as the potential expiration or modification of key commercial agreements, (iii) our ability to effectively market our products and services in a cost-efficient manner across evolving digital channels, (iv) our dependence on advertising revenue and the sensitivity of such revenue to macroeconomic conditions, including factors affecting advertiser demand, consumer confidence and discretionary spending, as well as geopolitical and broader market uncertainty, (v) our ability to adapt to changes in digital marketing practices, including limitations on data access, tracking technologies and targeting capabilities, (vi) our ability to develop, distribute and monetize our products and services across mobile and other platforms and maintain effective relationships with third-party partners, (vii) the continued growth, engagement and monetization of our digital publishing brands, (viii) risks related to our Print business, including ongoing revenue declines, cost pressures (including paper and postage), and reliance on key vendors, (ix) our ability to access, collect, use and protect personal data and comply with evolving privacy and data protection laws and platform restrictions, (x) our ability to effectively engage with users, subscribers and caregivers across communication channels, (xi) the concentration of voting control among our Chairman and Senior Executive and related parties, (xii) risks related to our liquidity and indebtedness, including our ability to service debt and comply with related covenants, as well as limitations on access to subsidiary cash flows, (xiii) risks related to strategic transactions and initiatives, including our ability to realize anticipated benefits from prior transactions and execute future initiatives, (xiv) competitive pressures in rapidly evolving industries, including from larger or better-positioned competitors and AI-enabled offerings, (xv) our ability to build, maintain and protect our brands, (xvi) cybersecurity risks, including increasingly sophisticated attacks (including those enabled by AI) and vulnerabilities at third-party providers, (xvii) data security breaches, fraud and related liabilities, (xviii) risks associated with the integrity, scalability and reliability of our systems, technology and infrastructure, (xix) the impact of general economic, geopolitical and public health conditions, (xx) our dependence on key personnel and leadership transitions, (xxi) volatility in our stock price and risks related to our capital allocation strategy, and (xxii) risks related to the ongoing corporate consolidation. Certain of these and other risks and uncertainties are described in our filings with the Securities and Exchange Commission (the "SEC"), including the most recent Annual Report on Form 10-K filed with the SEC on February 20, 2026, and subsequent reports that we file with the SEC. Other unknown or unpredictable factors that could also adversely affect our business, financial condition and results of operations may arise from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those expressed in any forward-looking statements we may make. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

About People Incorporated 

People Incorporated is the owner of America's largest publisher, People Inc., home to more than 40 celebrated brands including PEOPLE, Food & Wine, Travel + Leisure, InStyle, Better Homes & Gardens, and Southern Living, attracting a total of 175 million consumers each month. The company also holds a significant minority stake in MGM Resorts International, reflecting our belief in the power and potential of businesses built around enduring consumer brands and iconic, real-world experiences. 

People Incorporated represents the latest evolution in a long tradition of entrepreneurial ownership, disciplined capital allocation, and opportunistic value creation. Over three decades, the company has built, operated, invested in, and spun off many of the internet and media industry's defining businesses, and that same spirit of opportunism drives us today. People Incorporated is headquartered in New York City. To learn more visit https://ir.people-incorporated.com.

Contact Us

People Incorporated Investor Relations

Mark Schneider

(212) 314-7400

People Incorporated Corporate Communications 

Valerie Combs

(212) 314-7251

SOURCE People Incorporated

Company Confirms People Incorporated Has Withdrawn its Proposal to Acquire MGM Resorts LAS VEGAS, Sept. 23, 2026 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") confirms that People Incorporated ("People") has withdrawn its June 1, 2026, proposal to acquire all of the outstanding shares of the Company that it does not already own.

MGM Resorts International (NYSE:MGM – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-two analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $53.2529.

MGM has been the topic of a number of recent analyst reports. HSBC raised shares of MGM Resorts International to a “strong-buy” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of MGM Resorts International from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating on shares of MGM Resorts International in a report on Thursday, July 2nd. Susquehanna increased their target price on shares of MGM Resorts International from $52.00 to $53.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $49.00 price target (up from $48.00) on shares of MGM Resorts International in a report on Monday, June 15th.

Get Our Latest Stock Report on MGM

MGM Resorts International Stock Performance NYSE:MGM opened at $37.81 on Friday. The business’s fifty day moving average is $43.39 and its 200 day moving average is $41.77. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.93 and a beta of 1.28. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.30 and a current ratio of 1.34. MGM Resorts International has a 52-week low of $29.18 and a 52-week high of $51.59. MGM Resorts International (NYSE:MGM – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.42 billion. MGM Resorts International had a return on equity of 23.30% and a net margin of 2.40%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. Research analysts predict that MGM Resorts International will post 1.96 EPS for the current year.

Institutional Investors Weigh In On MGM Resorts International Several large investors have recently added to or reduced their stakes in the business. J. Goldman & Co LP bought a new position in shares of MGM Resorts International during the 2nd quarter valued at about $1,815,000. Man Group plc bought a new stake in MGM Resorts International in the 2nd quarter worth approximately $25,771,000. Groupe la Francaise purchased a new stake in MGM Resorts International in the second quarter worth approximately $2,725,000. Tidal Investments LLC boosted its stake in MGM Resorts International by 154.6% in the second quarter. Tidal Investments LLC now owns 102,642 shares of the company’s stock worth $4,907,000 after buying an additional 62,330 shares in the last quarter. Finally, Bastion Asset Management Inc. bought a new position in MGM Resorts International during the first quarter valued at approximately $6,212,000. Institutional investors own 68.11% of the company’s stock.

(Get Free Report)

MGM Resorts International is a global hospitality and entertainment company that owns and operates destination resorts, casinos, hotels, restaurants, convention facilities and live-entertainment venues. Its properties offer casino gaming, hotel accommodations, dining, nightlife, retail, spa services, sporting events and other leisure activities.

The company operates a portfolio of resorts in Las Vegas and other U.S. markets, including properties associated with brands such as MGM Grand, Bellagio, ARIA, Mandalay Bay, Park MGM, New York-New York and MGM National Harbor.

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Toronto, ON, Sept. 18, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading iGaming and sports betting operator, today announced a new and exclusive online casino rights partnership with All3Media International, part of media and entertainment group, Banijay Entertainment. The agreement secures the intellectual property rights for the hit reality competition series “The Traitors” for slots, table games, and non-traditional casino games. The first game, The Traitors™ Faithful Riches, will be available at BetMGM Casino in Alberta and Ontario.

Creative assets available here  

“The Traitors has captivated millions with its blend of suspense and strategy,” said Oliver Bartlett, SVP of Gaming at BetMGM. “Those qualities create a compelling foundation for an online slot, allowing fans to engage with the franchise in a new way while capturing the intrigue and drama that made the show a cultural phenomenon. Television and movie IP is a key pillar of our content strategy, and our partnership with All3Media gives us an opportunity to build a lasting iGaming franchise.”

The debut of The Traitors Faithful Riches is timed to coincide with the Sept. 17 season premiere of “The Traitors: New Blood” and serves as the foundation of BetMGM’s broader vision to bring one of television’s most popular entertainment IPs to iGaming. The game is the first of several planned titles that will extend the "The Traitors” brand across multiple gameplay experiences.

Developed by Games Global, The Traitors Faithful Riches transforms the strategy, suspense and betrayal of the iconic series into an action-packed online casino experience. The game invites players into a world of secret alliances, hidden rewards and jackpots.

The Traitors franchise builds on BetMGM's strategy of offering players exclusive entertainment-driven content featuring recognizable brands. The operator's growing portfolio of television and movie IP creates a differentiated casino experience unavailable elsewhere.

Three The Traitors online casino questions, answered

What is The Traitors slot and where can I play it?
The Traitors Faithful Riches is the first online casino game developed under BetMGM's exclusive partnership with All3Media International. The game is available on BetMGM Casino in Alberta and Ontario and is inspired by the hit reality competition series “The Traitors.”

Does BetMGM have exclusive online casino rights to “The Traitors?”
Yes. BetMGM's agreement with All3Media International grants exclusive rights to develop “The Traitors” intellectual property for online slots, table games, and non-traditional casino games, making BetMGM the exclusive destination for The Traitors-themed casino content.

Will BetMGM release more “The Traitors” casino games in the future?
Yes. The Traitors Faithful Riches is the first title in BetMGM's broader plan to build a portfolio of The Traitors-themed iGaming experiences, with additional games and gameplay formats planned across multiple casino categories.

As BetMGM continues to expand into new markets and introduces new features, responsible gambling remains a key focus. Additionally, BetMGM is proud to provide resources to help customers play responsibly, including GameSense, an industry-leading program developed and licensed to BetMGM by the British Columbia Lottery Corporation. Through the integration within BetMGM's mobile and desktop platforms, customers can receive the same GameSense experience they have grown to rely on at MGM Resorts properties. GameSense complements BetMGM's existing responsible gambling tools which serve to provide customers with an entertaining and safe digital experience.

For more information on BetMGM, follow @BetMGM on X.

###

Please play responsibly. Alberta (18+) and Ontario (19+) only. If gambling is affecting your mental health or well-being, 211 Alberta is here to help. Call or text 211 or visit ab.211.ca. In Ontario, visit ConnexOntario.ca or call 1-866-531-2600 or text CONNEX to 247247.

About BetMGM
BetMGM is a market leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's U.S.-licensed, state-of-the-art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit  https://casino.betmgm.ca/en/blog/

About The Traitors
The Traitors (Dutch title: De Verraders) was created and developed by IDTV in cooperation with RTL Creative Unit.  All3Media International, handles The Traitors’ tape and format sales and licensing programme. 

Since its debut on RTL 4 in the Netherlands in 2021, IDTV’s psychological reality competition has followed a remarkable trajectory, evolving into a global phenomenon. Driven by treachery, deceit and betrayal, the show has captivated audiences worldwide, leading to adaptations across Europe, North America, Latin America, Asia, Africa, Australia and New Zealand, with multiple returning series and companion shows also commissioned. 

The Traitors is an intense psychological adventure in which treachery and deceit are the name of the game. Contestants come together in grand surroundings to complete a series of challenges with the objective of earning a cash prize. The catch? A number of the contestants are chosen to be “The Traitors” and meet in secret to devise a plan to eliminate their fellow players called “The Faithful”. The Faithful must figure out who is a Traitor and vote them out so they can take the prize money for themselves. If a Traitor makes it to the end, they are in with a chance of taking home the cash prize.
 

BetMGM Launches The Traitors™ Faithful Riches in Alberta and Ontario BetMGM Launches The Traitors™ Faithful Riches in Alberta and Ontario

BetMGM Launches The Traitors™ Faithful Riches in Alberta and Ontario BetMGM, a leading iGaming and sports betting operator, today announced a new and exclusive online ca... BetMGM Launches The Traitors™ Faithful Riches in Alberta and Ontario BetMGM, a leading iGaming and sports betting operator, today announced a new and exclusive online ca...

NEW YORK, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller's bid to buy MGM Resorts International (NYSE:MGM).

Amundi lowered its stake in MGM Resorts International (NYSE:MGM – Free Report) by 41.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 425,563 shares of the company’s stock after selling 295,899 shares during the period. Amundi owned 0.17% of MGM Resorts International worth $20,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MGM. California State Teachers Retirement System grew its stake in shares of MGM Resorts International by 4,081.0% in the second quarter. California State Teachers Retirement System now owns 9,896,622 shares of the company’s stock worth $473,157,000 after acquiring an additional 9,659,915 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of MGM Resorts International by 202.5% during the third quarter. AQR Capital Management LLC now owns 8,446,982 shares of the company’s stock valued at $292,772,000 after acquiring an additional 5,654,757 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of MGM Resorts International by 81.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 7,642,060 shares of the company’s stock worth $264,874,000 after purchasing an additional 3,429,946 shares during the last quarter. State Street Corp raised its position in shares of MGM Resorts International by 0.4% in the 4th quarter. State Street Corp now owns 7,517,622 shares of the company’s stock worth $274,318,000 after purchasing an additional 30,962 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in MGM Resorts International by 3.4% in the 3rd quarter. Invesco Ltd. now owns 5,940,465 shares of the company’s stock worth $205,897,000 after purchasing an additional 194,114 shares in the last quarter. Institutional investors own 68.11% of the company’s stock.

MGM Resorts International Stock Performance Shares of NYSE MGM opened at $40.02 on Friday. The firm’s 50-day moving average price is $44.19 and its 200-day moving average price is $41.63. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 1.80. The company has a market cap of $10.07 billion, a PE ratio of 24.25, a PEG ratio of 2.08 and a beta of 1.28. MGM Resorts International has a 52-week low of $29.18 and a 52-week high of $51.59.

MGM Resorts International (NYSE:MGM – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.42 billion. MGM Resorts International had a net margin of 2.40% and a return on equity of 23.30%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. As a group, analysts anticipate that MGM Resorts International will post 1.96 EPS for the current year. Wall Street Analyst Weigh In Several analysts recently commented on the stock. UBS Group cut their price objective on shares of MGM Resorts International from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Friday. Susquehanna lifted their target price on shares of MGM Resorts International from $52.00 to $53.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. Truist Financial upgraded shares of MGM Resorts International from a “hold” rating to a “buy” rating and upped their target price for the stock from $42.00 to $55.00 in a research note on Wednesday, May 27th. The Goldman Sachs Group reiterated a “sell” rating and set a $43.00 price target on shares of MGM Resorts International in a report on Wednesday, July 15th. Finally, Citigroup raised their price target on shares of MGM Resorts International from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.25.

Read Our Latest Stock Report on MGM

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MGM Resorts International is a global hospitality and entertainment company that owns and operates destination resorts, casinos, hotels, restaurants, convention facilities and live-entertainment venues. Its properties offer casino gaming, hotel accommodations, dining, nightlife, retail, spa services, sporting events and other leisure activities.

The company operates a portfolio of resorts in Las Vegas and other U.S. markets, including properties associated with brands such as MGM Grand, Bellagio, ARIA, Mandalay Bay, Park MGM, New York-New York and MGM National Harbor.

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