Legendary Thursdays, BetDefense and Ultimate Teams Free-to-Play highlight how "It Happens Here" at BetMGM
Click here to download and view photos (credit: BetMGM)
, /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, unveiled its 2026-27 football season lineup, featuring a combination of product innovations, weekly promotions and legendary experiences. The season's offerings are designed to deliver more value through enhanced pricing and product features, create more opportunities for fans to engage throughout the week and reward players through loyalty benefits and premium experiences.
"Our goal is simple: to give our players everything they need to make the most of football season," said Adam Greenblatt, Chief Executive Officer, BetMGM. "Bettors want more than just a place to make a wager. They want great pricing, memorable experiences, meaningful rewards and opportunities to stay connected to the action all season. It all happens here at BetMGM."
Highlights for the 2026-27 season include:
Performance Upgrades: Faster page loads, smoother navigation and improved responsiveness during live betting help deliver a faster and more seamless sportsbook experience. Legendary Thursdays: Exclusive bonuses and special odds tied to Thursday night football games create a new weekly destination at the start of every football weekend. BetDefense: First-quarter injury protection on eligible pro football player prop wagers gives your stake back in cash if a player is sidelined by injury during the opening quarter. Additional terms apply. Offer not available in AB, MA, ON and PR. Odds Flash: Premium spread pricing on college and pro football gives customers access to more value throughout the season, with real-time notifications when odds move on these markets. Odds may vary. Cash Out: Expanded Cash Out capabilities give players more control over their wagers by allowing them to settle eligible bets before the final outcome is determined. Ultimate Teams: A new free-to-play game gives eligible customers the chance to win prizes throughout football season by logging in Monday through Friday to reveal daily cards, including a share of a weekly $50,000 Bonus Bets jackpot. Bonus Bets expire in 96 hours. Additional terms apply. Not available in AB, ON, NV and PR. First Bet Offer: Eligible new players can receive up to $1,500 in bonus bets if their initial wager doesn't win. Offer not available in AB, ON, MI, NY, NJ, NV, PA, PR and WV. Bonus bets are non-withdrawable and expire in seven (7) days. Additional terms apply. Football-Themed Casino Games: Football-themed promotions, live dealer games and 20 team-branded casino titles, depending on jurisdiction, extend football season beyond the sportsbook and across BetMGM's award-winning online casino. Rewards: Through BetMGM Rewards, customers can turn gameplay into travel, entertainment, hospitality, and other real-world experiences. The recently launched Rewards Hub makes it easier to track tier status, access promotions and manage rewards across the BetMGM ecosystem.
In-Person Experiences: From the new Tailgate Beach Club at Mandalay Bay to BetMGM's nine retail sportsbooks on the Las Vegas Strip and locations nationwide, customers can experience football season both online and in person. Select BetMGM retail sportsbooks will also host free-to-enter, season-long Survivor and Pick'Em contests . Must be 21+ and an MGM Rewards Member to enter. Additional terms apply. For more details, visit your local BetMGM sportsbook or https://sports.betmgm.com/en/blog/betmgm-signature-series-win-prizes-football-contests/. Responsible Gambling Commitment:
Responsible gambling remains a key focus for BetMGM. This September, BetMGM and MGM Resorts International announced a combined $320,000 commitment to responsible gaming initiatives and will continue expanding GameSense® messaging across digital platforms and professional sports venues.
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 MGM Resorts 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.
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US), 877-8-HOPENY or text HOPENY (467369) (NY),1-800-327-5050 (MA),1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Visit mdgamblinghelp.org (MD). 21+ only. New Customer Offer. Please Gamble Responsibly. See BetMGM.com for Terms. Subject to eligibility requirements. Bonus Bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. BetDefense is not available in AB, MA, ON and PR. Ultimate Teams is not available in AB, NV, ON, and PR. First Bet Offer is not available in AB, MI, NJ, NV, NY, ON, PA, PR, and WV.
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://sports.betmgm.com/en/blog.
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 referenced innovations, promotions, and experiences. 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 innovations, promotions, and experiences do 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.
NEW YORK, Sept. 09, 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.
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.
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.
NEW YORK, Sept. 02, 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.
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.
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.
José Andrés, David Chang, Mario Carbone, Jean-Georges Vongerichten, Masaharu Morimoto, Maneet Chauhan, Rhoda Magbitang, Britt Rescigno and Globally Celebrated Bars Come Together to Ignite the City's Premier Hospitality Experience During Race Weekend, Nov. 19-21
, /PRNewswire/ -- Bellagio Fountain Club is once again assembling one of the most exclusive collections of culinary and beverage talent in the world for FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2026, bringing together an extraordinary line-up of award-winning chefs; celebrated hospitality companies, including JKS Restaurants' Gymkhana and Catch Hospitality Group's The Corner Store; and renowned spirits industry icons for a race-weekend experience found nowhere else on the planet.
"There are few experiences that unite this caliber of culinary and beverage talent alongside one of the biggest sporting events in the world," said Ari Kastrati, MGM Resorts International Chief Content, Development and Hospitality Officer. "Guests aren't simply attending a race or a dinner. They're stepping into an immersive experience where world-renowned chefs, premium hospitality, and the spectacle of the Las Vegas Grand Prix come together against the backdrop of the Fountains of Bellagio."
Overlooking the fastest stretch of the Las Vegas Strip Circuit®, Bellagio Fountain Club returns Nov. 19-21 with a culinary program headlined by José Andrés, David Chang, Mario Carbone, Masaharu Morimoto, Michael Mina, Jean-Georges Vongerichten, and Michael and Bryan Voltaggio, alongside acclaimed newcomers:
Food Network's "Tournament of Champions" two-time winner Maneet Chauhan Bravo's "Top Chef" 2026 champion Rhoda Magbitang Food Network's "Chopped" champion and "Beat Bobby Flay" winner Britt Rescigno Award-winning Executive Chef Eleazar Villanueva of Joël Robuchon, a 2026 MICHELIN Guide Two-Star French restaurant at MGM Grand Las Vegas San Francisco chef David Nayfeld of Che Fico, a World's 50 Best Discovery recipient Japan's renowned Yoroniku restaurant, a World's 50 Best Discovery honoree Adept Hospitality's Sushi Bar, an intimate Omakase experience served directly by the chef Legendary bar professional Shingo Gokan, one of the world's most sought-after bartenders and owner of renowned bars Speak Low and Sober Company in Shanghai; Gokan in Hong Kong; and Sangai in Tokyo Schmuck, acclaimed NYC cocktail bar and a World's 50 Best Discovery honoree Additional restaurants and venues making an appearance include The Cheese Store of Beverly Hills, ARIA's MICHELIN Selected Gymkhana, and The Cosmopolitan's Zuma, along with one of the city's most anticipated restaurant openings this fall, The Corner Store.
After selling out for three consecutive years, Bellagio Fountain Club has become one of the most coveted tickets of race weekend, offering guests an unprecedented opportunity to enjoy dishes prepared by some of the world's most influential chefs while watching Formula 1® race cars reach speeds exceeding 215 mph along the Las Vegas Strip.
Throughout the weekend, chefs will personally prepare and serve signature creations from dedicated culinary stations across the venue, transforming Bellagio Fountain Club into a showcase of global culinary excellence. From Michelin-starred innovators and acclaimed restaurateurs to television personalities, rising stars and spirits-forward professionals pouring one-of-a-kind creations, the lineup reflects an extraordinary range of talent, cuisines and world-class hospitality perspectives assembled under one roof.
Guests can purchase Bellagio Fountain Club tickets through Ticketmaster. Additional details on MGM Resorts' events and activations surrounding the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2026 will be announced soon. Follow @MGMResortsIntl for updates leading into race week.
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 mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.
About FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX
Established in 2023, the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX is promoted by Formula 1®, in collaboration with Clark County. The 50-lap race takes place on a 3.8-mile circuit in the heart of the Las Vegas Strip and sees drivers reach jaw-dropping speeds of over 215 mph (346 kph) as they drive past some of the world's most iconic landmarks, hotels, and casinos. Through the Las Vegas Grand Prix Foundation, Las Vegas Grand Prix, Inc. has donated more than $2 million to non-profit organizations working to strengthen the local community. The 2026 race will take place on November 19-21, 2026, with a recently announced extension confirming the event in Las Vegas through 2037. For more information, visit www.f1lasvegasgp.com.
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 features of the Bellagio Fountain Club and/or other viewing opportunities in connection with 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 Bellagio Fountain Club is not available or is 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 customer packages, fan experiences, and/or viewing opportunities described herein including, but not limited to, the availability of the chefs referenced 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.
Companies also announce certification of 3,000 GameSense Advisors and expansion of GameSense messaging in professional sports venues
, /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") and BetMGM announced today that they are once again partnering with the American Gaming Association (AGA) to promote Responsible Gaming Education Month (RGEM 2026) throughout September.
As part of their partnership, MGM Resorts and BetMGM are announcing a combined $320,000 contribution to responsible gaming initiatives. This includes research funding through the International Center for Responsible Gaming and expanded sponsorships for a variety of state problem gambling councils, including support for the 1-800-GAMBLER helpline. A donation is also being made to the Evive Foundation, an organization that provides access to evidence-based digital tools and peer support for individuals impacted by gambling.
In addition, GameSense® messaging will continue to be present in select NFL stadiums and MLB ballparks, with expansion into Las Vegas' NHL and WNBA arenas. This includes messages on LED ribbons and scoreboards during pre-game activities. GameSense is an industry-leading responsible gaming program first developed and licensed to MGM Resorts in 2017 by the British Columbia Lottery Corporation (BCLC). The program focuses on positive, transparent, and proactive engagements with guests and customers about how to gamble responsibly.
GameSense messaging will be promoted at the following venues:
T-Mobile Arena (Vegas Golden Knights) *New for 2026 Michelob ULTRA Arena (Las Vegas Aces) *New for 2026 Acrisure Stadium (Pittsburgh Steelers) Allegiant Stadium (Las Vegas Raiders) Empower Field at Mile High (Denver Broncos) Ford Field (Detroit Lions) GEHA Field at Arrowhead Stadium (Kansas City Chiefs) Lincoln Financial Field (Philadelphia Eagles) M&T Bank Stadium (Baltimore Ravens) MetLife Stadium (New York Jets) Nissan Stadium (Tennessee Titans) State Farm Stadium (Arizona Cardinals) Great American Ballpark (Cincinnati Reds) Comerica Park (Detroit Tigers) Fenway Park (Boston Red Sox) PNC Park (Pittsburgh Pirates) Nationals Park (Washington Nationals) "Player protection is a priority every day at BetMGM, and RGEM gives us an opportunity to highlight those efforts," said Rhea Loney, Chief Compliance Officer at BetMGM. "Through GameSense messaging in professional sports venues, employee education, and investments in research and support services, we are helping players access the tools and resources they need to make informed decisions."
Additionally, MGM Resorts and BetMGM will continue providing all employees with comprehensive, research-based responsible gaming training. The companies have now certified over 3,000 employees through the GameSense Advisor program. This training program now extends to employees within more than 45 company departments including both gaming and non-gaming resort areas.
Stephen Martino, SVP & Chief Compliance Officer, MGM Resorts International, said, "What makes reaching 3,000 GameSense Advisors so meaningful is the number of employees who have chosen to take an active role in promoting responsible gaming for our guests. That collective commitment is helping us expand the reach and impact of our program across our company."
In September, GameSense and RGEM messaging will once again reach guests and employees via digital platforms, retail sportsbooks, and the MGM Grand Live Dealer studio. BetMGM Sportsbook messaging is set to remind players to "take a time-out," with QR codes linking guests to more responsible gaming tips and resources. MGM Resorts' Las Vegas marquees will also feature GameSense and AGA content encouraging sports betters to Play Smart from the Start.
Rob Lockwood, SVP Strategic Communications, American Gaming Association, said, "Responsible gaming has the greatest impact when the industry works together like we have with Play Smart from the Start. Our collaboration with MGM Resorts and BetMGM helps keeps these important messages visible to players while supporting research and programs that can make a difference."
Additional Commitments
MGM Resorts is partnering with Carleton University on a casino employee research study MGM Resorts plans to collaborate with the Nevada Council on Problem Gambling to host educational booths at Las Vegas properties throughout September BetMGM continues its partnership with EPIC Global Solutions to offer all employees the opportunity to attend a lived-experience session, providing insight into the human impact of problem gambling BetMGM customers are scheduled to receive targeted emails promoting GameSense and responsible play, including links to online tools and resources MGM Resorts and BetMGM are initiating guest and customer surveys on responsible gaming MGM Resorts and BetMGM will launch a social media and internal messaging campaign featuring executive thought leadership For more information, follow @BetMGM and @mgmresorts on X.
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 mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.
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 http://www.betmgminc.com/.
About British Columbia Lottery Corporation
BCLC is a social purpose company based in British Columbia, Canada that is committed to delivering win-wins for the greater good while providing lottery, casino and sports gambling entertainment in a way that serves the best interests of its players, the province and society. Last year, BCLC generated more than $1.3 billion in net income to benefit provincial and community programs, including healthcare, education and charities across British Columbia, Canada.
About the AGA
As the national trade group representing the U.S. casino industry, the American Gaming Association (AGA) fosters a policy and business environment where legal, regulated gaming thrives. The AGA's diverse membership of commercial and tribal casino operators, sports betting and iGaming companies, gaming suppliers, and more lead the $261 billion industry and support 1.8 million jobs across the country.
Forward-Looking Statements
Statements in this presentation that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. 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 related to its financial outlook (including expectations regarding its liquidity position, capital expenditures, cash taxes, interest expense, cash rent and corporate expense); expectations regarding the impact of macroeconomic trends on the Company's business; the Company's ability to execute on its strategic pillars and return value to shareholders (including the timing and amount of any share repurchases); the impact of cybersecurity incidents, including the Company's September 2023 cybersecurity issue, the Company's expectations regarding any benefits expected to be received from the Company's recent transactions, including the long-term license agreement with Marriott International and the transactions with Push Gaming, Tipico, and Playtech; expectations regarding the development of an integrated resort in Japan and in New York; the positioning of BetMGM as a leader in sports betting and iGaming (including BetMGM's expected growth in new and existing jurisdictions and projected market share and profitability); the expansion of the Company's international interactive strategy and the MGM digital brand; expectations regarding MGM China; and expectations regarding the Bellagio expansion project and any financial benefits expected as a result of such expansion. 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 effects of economic and other 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 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 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.
CONTACTS
MGM Resorts
Marc Jacobson
[email protected]
Toronto, ON, Aug. 31, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading sports betting and iGaming operator, unveiled "It Happens Here," a new campaign created in collaboration with independent creative agency CAPE and featuring EMMY® Award- and Golden Globe Award-winning actor Jon Hamm. Launching in anticipation of football season, the campaign marks the next chapter of BetMGM's "Make It Legendary" platform, showcasing how BetMGM brings together sports betting, iGaming, entertainment and fandom in one destination.
"As we enter the most exciting time of year for our players, we wanted to create a campaign that feels distinctly BetMGM while tapping into MGM Resorts' entertainment legacy," said Matt Prevost, Chief Revenue Officer, BetMGM. "With Jon's magnetic charm and CAPE's creative vision, 'It Happens Here’ ties together the breadth of experiences we offer in a way that's unmistakably BetMGM."
Hamm anchors a series of four new multi-channel spots with his signature wit and charisma, welcoming viewers into the Legends Lounge, an immersive setting that combines the energy of a sportsbook or casino, the exclusivity of a speakeasy and the excitement of a Las Vegas entertainment destination. BetMGM constructed the Legends Lounge for the shoot and plans to bring the concept to life through future activations and experiences.
Hamm said, "The Legends Lounge is a world full of unexpected moments and memorable characters, and I enjoyed helping bring it to life for BetMGM's new campaign. It's clever, entertaining and a lot of fun."
Click here to download and view campaign photo (credit: BetMGM)
Click here to view the "Raise the Stakes" spot.
"It Happens Here" is the first major body of work under BetMGM's expanded partnership with CAPE. CAPE previously produced BetMGM's responsible gambling campaign, "Mullet Over.”
Casey Ritts, Co-Founder and CEO of CAPE, said, “The ‘It Happens Here’ campaign brings together everything that makes BetMGM distinctive: sports, entertainment, iGaming and a bit of fun. The Legends Lounge gives us a rich new world for the brand to play in, and Jon Hamm brings exactly the wit and personality that felt right for this campaign. We’re excited to expand our partnership with BetMGM and build ideas that can become lasting expressions of the brand.”
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 on BetMGM, follow @BetMGM on X or visit https://www.betmgminc.com. For more information on CAPE, visit www.cape-agency.com.
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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://www.betmgminc.com.
About CAPE
CAPE is a full-service creative agency based in NYC. Founded in 2024, the agency is driven by a mission to change the course of great companies through its Bravely Smart™ approach. From startups to blue chips, CAPE is lean and nimble by design, ready to elevate brands and deliver impactful, strategically driven creative solutions. For more information, visit www.cape-agency.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, which involve substantial risks and/or uncertainties, including those described in MGM Resorts International'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. BetMGM has based forward-looking statements on management's current expectations, assumptions and projections about future events and trends. Examples of these statements include, but are not limited to, BetMGM's expectations regarding the marketing campaign. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Included among the important factors that could cause actual results or events to differ materially from those indicated in such forward-looking statements are: risks related to the effects of economic conditions and market conditions in the markets in which BetMGM operates, the significant competition within the gaming and entertainment industry; risks that the collaboration or marketing campaign described herein does not occur or does not occur in the manner described herein; BetMGM's ability to execute on its business plan; changes in applicable laws or regulations, particularly with respect to iGaming and online sports betting; BetMGM's ability to manage growth and access the capital needed to support its growth plans; BetMGM's ability to obtain the required licenses, permits and other approvals necessary to grow in existing and new jurisdictions, and additional risks and uncertainties described in MGM Resorts International's 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 International 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 International or BetMGM 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.
Jon Hamm and BetMGM Bring Fans Inside the Legends Lounge for New Football Season Campaign
Jon Hamm and BetMGM Bring Fans Inside the Legends Lounge for New Football Season Campaign BetMGM, a leading sports betting and iGaming operator, unveiled "It Happens Here," a new campaign cr...
"It Happens Here" campaign marks the next chapter of BetMGM's "Make It Legendary" platform
Click here to download and view campaign photo (credit: BetMGM)
, /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, unveiled "It Happens Here," a new campaign created in collaboration with independent creative agency CAPE and featuring EMMY® Award-and Golden Globe Award-winning actor Jon Hamm. Launching in anticipation of football season, the campaign marks the next chapter of BetMGM's "Make It Legendary" platform, showcasing how BetMGM brings together sports betting, iGaming, rewards, entertainment and fandom in one destination.
"As we enter the most exciting time of year for our players, we wanted to create a campaign that feels distinctly BetMGM while tapping into MGM Resorts' entertainment legacy," said Matt Prevost, Chief Revenue Officer, BetMGM. "With Jon's magnetic charm and CAPE's creative vision, 'It Happens Here' ties together the breadth of experiences we offer in a way that's unmistakably BetMGM."
Hamm anchors a series of four new multi-channel spots with his signature wit and charisma, welcoming viewers into the Legends Lounge, an immersive setting that combines the energy of a sportsbook or casino, the exclusivity of a speakeasy and the excitement of a Las Vegas entertainment destination. BetMGM constructed the Legends Lounge for the shoot and plans to bring the concept to life through future activations and experiences.
Hamm said, "The Legends Lounge is a world full of unexpected moments and memorable characters, and I enjoyed helping bring it to life for BetMGM's new campaign. It's clever, entertaining and a lot of fun."
The campaign debuted Saturday, August 29 with the "Raise the Stakes" spot, introducing fans to the Legends Lounge. Additional creative will run throughout the season across TV, social, digital, out-of-home and BetMGM properties.
Click here to view the "Raise the Stakes" spot.
"It Happens Here" is the first major body of work under BetMGM's expanded partnership with CAPE. CAPE previously produced BetMGM's responsible gambling campaign, "Mullet Over," as well as the popular "Lucky Doe" spot for Borgata Online.
Casey Ritts, Co-Founder and CEO of CAPE, said, "The 'It Happens Here' campaign brings together everything that makes BetMGM distinctive: sports, entertainment, iGaming and a bit of fun. The Legends Lounge gives us a rich new world for the brand to play in, and Jon Hamm brings exactly the wit and personality that felt right for this campaign. We're excited to expand our partnership with BetMGM and build ideas that can become lasting expressions of the brand."
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 MGM Resorts 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 or visit https://www.betmgminc.com. For more information on CAPE, visit www.cape-agency.com.
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) , 877-8-HOPENY or text HOPENY (467369) (NY), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. Subject to eligibility requirements. In partnership with Kansas Crossing Casino and Hotel.
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.
About CAPE
CAPE is a full-service creative agency based in NYC. Founded in 2024, the agency is driven by a mission to change the course of great companies through its Bravely Smart™ approach. From startups to blue chips, CAPE is lean and nimble by design, ready to elevate brands and deliver impactful, strategically driven creative solutions. For more information, visit www.cape-agency.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, which involve substantial risks and/or uncertainties, including those described in MGM Resorts International'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. BetMGM has based forward-looking statements on management's current expectations, assumptions and projections about future events and trends. Examples of these statements include, but are not limited to, BetMGM's expectations regarding the marketing campaign. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Included among the important factors that could cause actual results or events to differ materially from those indicated in such forward-looking statements are: risks related to the effects of economic conditions and market conditions in the markets in which BetMGM operates, the significant competition within the gaming and entertainment industry; risks that the collaboration or marketing campaign described herein does not occur or does not occur in the manner described herein; BetMGM's ability to execute on its business plan; changes in applicable laws or regulations, particularly with respect to iGaming and online sports betting; BetMGM's ability to manage growth and access the capital needed to support its growth plans; BetMGM's ability to obtain the required licenses, permits and other approvals necessary to grow in existing and new jurisdictions, and additional risks and uncertainties described in MGM Resorts International's 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 International 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 International or BetMGM 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.
Callan Family Office LLC bought a new position in MGM Resorts International (NYSE: MGM) during the undefined quarter, according to its most recent filing with the SEC. The institutional investor bought 23,311 shares of the company's stock, valued at approximately $1,114,000. Several other large investors have also recently bought and sold shares of
Bank of New York Mellon Corp increased its position in shares of MGM Resorts International (NYSE: MGM) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,598,531 shares of the company's stock after acquiring an additional 46,268 shares during the period.
BFA Law is investigating Barry Diller’s $48.30 per share offer to acquire MGM Resorts International; current shareholders are notified to contact the firm.
NEW YORK, Aug. 26, 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.
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.
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.
Six MGM Resorts Restaurants Honored in Inaugural MICHELIN Guide Southwest as Michelin Returns to Las Vegas After 17 Years
For Images, Click Here
, /PRNewswire/ -- Six acclaimed restaurants. A pivotal night for Las Vegas dining. MGM Resorts earned four MICHELIN Stars across three restaurants at the inaugural MICHELIN Guide Southwest Ceremony, more than any other Las Vegas resort operator. Joël Robuchon at MGM Grand earned the Southwest region's only Two MICHELIN Star award, while L'Atelier de Joël Robuchon and é by José Andrés each earned One MICHELIN Star. Gymkhana, Michael Mina Bellagio and China Poblano by José Andrés also received MICHELIN recognition, bringing MGM Resorts' total to six honored restaurants. The results underscore the depth and diversity of MGM Resorts' culinary portfolio while reinforcing Las Vegas as a world-class dining destination.
MGM Resorts' showing extended beyond the Star awards, with China Poblano by José Andrés earning a Bib Gourmand and Gymkhana and Michael Mina Bellagio joining the MICHELIN Selected list. Sean Christopher, General Manager of Joël Robuchon at MGM Grand, also received the 2026 MICHELIN Service Award, recognizing excellence in hospitality and service. Collectively, the distinctions highlight the range of dining experiences across MGM Resorts, from fine dining and intimate tasting menus to more accessible, globally inspired concepts.
"MICHELIN's return gives us an extraordinary opportunity to showcase Las Vegas alongside the world's great culinary destinations, and last night's results affirm what this city has long known about the strength of our dining scene," said Ari Kastrati, Chief Content, Development, and Hospitality Officer at MGM Resorts. "To earn more MICHELIN Stars than any other Las Vegas resort operator, while Joël Robuchon stands as the only Two-Star restaurant in the Southwest, is an extraordinary recognition of our chefs, partners and teams. The range of honors across our portfolio reflects the uncompromising standard of excellence we strive to deliver at every level of the dining experience."
The return of the Guide provides a global benchmark for Las Vegas' world-class culinary scene, recognizing its caliber of talent, international range and spirit of innovation. For MGM Resorts, the honors validate years of strategic investment in building a high-performing culinary portfolio spanning fine dining, avant-garde concepts and world-renowned chef partnerships.
MGM Resorts restaurants earned recognition across a diverse range of cuisines and dining formats, including:
TWO MICHELIN STARS Joël Robuchon (MGM Grand Hotel & Casino): The late "Chef of the Century's" flagship French fine-dining destination, celebrated globally for its supreme culinary precision, opulent atmosphere, and unparalleled tasting menus. Joël Robuchon was the only restaurant in the inaugural MICHELIN Guide Southwest to earn Two MICHELIN Stars. General Manager Sean Christopher also received the 2026 MICHELIN Service Award, recognizing excellence in hospitality and service. The MICHELIN Guide declares that "Dinner here is an event," highlighting a progression of contemporary French courses with global inspiration, from house-baked breads to refined creations featuring caviar, dashi and venison, complemented by an extensive wine list. Executive Chef: Eleazar Villanueva ONE MICHELIN STAR é by José Andrés (The Cosmopolitan of Las Vegas): Chef José Andrés' famed, nine-seat hidden culinary laboratory, celebrated for its avant-garde Spanish tasting menu, interactive atmosphere, and unparalleled exclusivity. The MICHELIN Guide calls é "a window into the imagination of Chef José Andrés and his team," praising its intricate multicourse menu, whimsy and drama, and ever-present sense of theater. Head Chef: José Andrés Executive Chef: Anthony Taormina L'Atelier de Joël Robuchon (MGM Grand Hotel & Casino): A dynamic celebration of modern French gastronomy, offering an interactive, open-kitchen dining experience where guests watch master chefs craft signature dishes with theatrical precision from an iconic service counter, putting culinary mastery front and center. The MICHELIN Guide notes that the menu découverte is truly the best way to experience the distinct cuisine, spotlighting the team's technical precision and imagination in transforming familiar ingredients into refined compositions, including potato with black truffle vinaigrette, seared scallop with coconut-citrus foam and roasted quail with the late chef's world-famous pommes purée. Executive Chef: David Lee MICHELIN BIB GOURMAND China Poblano by José Andrés (The Cosmopolitan of Las Vegas): Chef José Andrés' acclaimed fusion concept, pairing exquisite Dim Sum and hand-crafted Mexican street food with refined craftsmanship, rare ingredients, and dynamic energy. The MICHELIN Guide highlights China Poblano as a concept unique to Las Vegas, where Chinese and Mexican traditions are developed side by side through dedicated display kitchens, from heirloom-corn tortillas prepared on the comal to freshly steamed dumplings, underscoring the craftsmanship behind the restaurant's inventive cross-cultural menu. Head Chef: José Andrés Executive Chef: Carlos Cruz MICHELIN SELECTED Gymkhana (ARIA Resort & Casino): A celebrated blend of Indian cuisine, heritage and hospitality, the dining destination offers its guests classic Indian cuisine using seasonal ingredients with a strong focus on the tandoori oven and chapatta sharing dishes. Earning MICHELIN recognition less than nine months after opening, the restaurant has quickly established itself as one of Las Vegas' most notable new dining destinations. In its review of Gymkhana, The MICHELIN Guide writes, "Scoring a reservation may be a tall order, but intrepid epicures can line up before doors open to vie for seats at the bar, where their efforts will be rewarded with a wealth of tantalizing contemporary Indian dishes…" Executive Chef: Srikant Kumar Michael Mina (Bellagio Resort & Casino): A premier fine-dining institution helmed by a culinary luminary, celebrated for its seafood innovations, pristine ingredient-driven menus, and refined elegance. In its review, The MICHELIN Guide notes that seafood is king at Michael Mina Bellagio, highlighting the restaurant's signature tasting menu and its highly professional, attentive service team. Head Chef: Michael Mina Together, these recognized establishments showcase the range of MGM Resorts' culinary portfolio, offering guests access to exceptional dining across a range of price points, cultures and culinary styles.
For more information and to book a reservation at an MGM Resorts Michelin-rated restaurant, visit online.
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 mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.
Media Contacts
Ashley Farkas
MGM Resorts Public Relations
[email protected]
It has been about a month since the last earnings report for MGM Resorts (MGM - Free Report) . Shares have lost about 5.9% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is MGM due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for MGM Resorts International before we dive into how investors and analysts have reacted as of late.
MGM Resorts Q2 Earnings Miss Estimates, Revenues Rise Y/YMGM Resorts reported second-quarter 2026 results, with earnings missing the Zacks Consensus Estimate, whereas revenues surpassed the same. On a year-over-year basis, the top line increased while the bottom line declined.
MGM Resorts’ results benefited from revenue growth at Las Vegas Strip Resorts and MGM Digital, along with record same-store revenues from Regional Operations. However, lower profitability at MGM China and the regional properties weighed on earnings. Las Vegas group and convention business accounted for 20% of room mix during the quarter.
MGM’s Q2 Earnings & Revenue DetailsMGM Resorts reported adjusted earnings per share (EPS) of 59 cents, missing the Zacks Consensus Estimate of 63 cents by 6.4%. The figure declined 25.3% from 79 cents reported in the prior-year quarter.
Quarterly revenues of $4.45 billion topped the consensus mark of $4.44 billion by 0.4%. The top line increased 1% year over year, marking record second-quarter consolidated revenues. Consolidated adjusted EBITDA decreased 5.7% to $610 million.
MGM's Las Vegas Results Gain GroundLas Vegas Strip Resorts revenues increased 3% year over year to $2.17 billion. Segment adjusted EBITDAR rose 3% to $735 million, while margin improved 30 basis points to 33.9%. Management attributed the EBITDAR increase primarily to a recovery at MGM Grand, supported by remodeled rooms and a favorable hold benefit.
Casino revenues jumped 17% to $536 million as table games win climbed 27% to $451 million. Table games win percentage expanded to 29.6% from 22.9%. However, Room revenues declined 2% to $717 million. Occupancy remained unchanged at 93%, while average daily rate and revenue per available room decreased 4% to $242 and $224, respectively.
MGM Resorts' Regional Trends Stay MixedRegional Operations revenues declined 4% to $924 million, reflecting the April sale of MGM Northfield Park. On a same-store basis, revenues increased 3% to $904 million and reached an all-time quarterly record.
Segment adjusted EBITDAR fell 9% to $280 million. Same-store EBITDAR was flat at $271 million, while the corresponding margin contracted 83 basis points to 30.0%. Casino revenues declined 6% as slot win fell 9%, partly offset by a 4% increase in table games win.
MGM's China Profitability Faces PressureMGM China revenues were relatively flat at $1.10 billion. Casino revenues decreased 2% to $956 million as main-floor table games drop declined 7%, though table games win increased 2% and win percentage improved to 27.2% from 25.0%.
Segment adjusted EBITDAR dropped 15% to $257 million, and margin fell 383 basis points to 23.3%. Results were pressured by a $21 million year-over-year increase in intercompany branding license fees. Management said World Cup activity temporarily affected June volumes, followed by an encouraging rebound in July.
MGM Resorts' Digital Growth AcceleratesMGM Digital revenues increased 20% year over year to $196 million. The segment posted an adjusted EBITDAR loss of $31 million compared with a loss of $26 million a year earlier, as marketing costs and gaming taxes increased.
BetMGM, MGM's unconsolidated North American venture, generated second-quarter net revenues of $711 million, up 3%. iGaming revenues rose 8% to $483 million, while online sports revenues were flat at $228 million. Adjusted EBITDA declined 15% to $74 million, and average monthly actives fell 3% to 875,000.
MGM Resorts' Balance Sheet and Capital PlansMGM Resorts ended the second quarter with cash and cash equivalents of $2.55 billion, up from $2.06 billion at the end of 2025. Long-term debt was $6.07 billion compared with $6.23 billion at the end of 2025.
During the first half of 2026, net cash provided by operating activities totaled $1.13 billion, while capital expenditures were $396 million. MGM repurchased approximately 4 million shares for $164 million during the quarter. The remaining authorization under its share repurchase program was $1.4 billion.
Construction of MGM Osaka remains on schedule and within budget for a 2030 opening. Approximately 60% of foundation piles were completed, with concrete and structural steel work progressing.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.
VGM ScoresCurrently, MGM has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock has a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, MGM has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
People Inc.'s 66.8 million-share stake in MGM is worth about $2.9 billion at current prices, already exceeding People Inc.'s $2.86 billion market capitalization. People Inc.'s publishing business is improving, with Q2 adjusted EBITDA increasing to $73 million and 2026 EBITDA guidance raised. Including estimated net proceeds from the announced $189 million LP-interest sale, we estimate holdco cash at approximately $939 million.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Las Vegas, Nev., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Awager, an Aristocrat company, today announced a new partnership with BetMGM, a leading sports betting and iGaming operator, making Awager's innovative live-streamed slots experience available to BetMGM and Borgata Online players in New Jersey. The launch combines the convenience of online play with the authenticity of real land-based slot machines, allowing players to access and play physical slot machines remotely through a seamless live-streaming experience.
Creative assets available here
The collaboration brings together Awager's proprietary remote gaming technology and BetMGM's industry-leading online casino platform to deliver a differentiated player experience that bridges the gap between land-based and digital gaming.
At launch, players will have access to 50 cabinets featuring more than 30 unique game titles.
Through Awager's platform, players connect to physical slot machines, including popular titles from Aristocrat Gaming™ like Buffalo Ascension™ and Lightning Link ™, operating in regulated studio environments via live 4K video, authentic true machine audio, and real-time responsiveness. Every spin reflects the actual land-based gameplay, providing the same trusted gaming experience players know from the casino floor while offering the convenience of online access.
"Bringing land-based play online is at the heart of our mission to deliver a truly authentic casino experience straight to players' devices," said Superna Kalle, Chief Strategy Officer at Aristocrat. "We're incredibly proud to partner with BetMGM on this launch and continue expanding access to real slot machine play. Together, we're creating new ways for players to enjoy the games they love while preserving the authenticity and trust that make the land-based casino experience so compelling."
Rob Passerino, Director of Gaming at BetMGM, said, "At BetMGM, we're committed to bringing new and innovative gaming experiences to our players. The addition of Awager's live slots offering creates an exciting new way for our players to engage with slot machines digitally. This is just the beginning of our partnership, and we look forward to continuing to work together to explore new opportunities that further enhance the BetMGM online casino experience."
Awager's technology captures every detail of the land-based gaming experience through video streaming, authentic machine sound and low-latency responsiveness. The result is a dynamic gaming experience that replicates the look, feel and excitement of playing directly in front of a slot cabinet.
Built on more than a decade of innovation, Awager's platform combines proprietary hardware, software and streaming technology to support a wide range of slot cabinets and gaming environments. The company currently operates multiple studio locations across North America and Europe and is positioned to support continued growth in regulated markets around the world. Awager remains committed to operating exclusively in regulated jurisdictions and maintaining the highest standards of compliance, responsible gaming, operational integrity and player protection.
To learn more about Awager offerings on BetMGM, visit: www.betmgmcasino.com.
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US), 877-8-HOPENY or text HOPENY (467369) (NY)1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR) 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. Subject to eligibility requirements. In partnership with Kansas Crossing Casino and Hotel.
About Awager
Awager, an Aristocrat company, is a pioneering iGaming technology company dedicated to serving regulated gaming markets, redefining the online casino experience by connecting trusted land-based casino brands with engaging online play. Through its proprietary and patented technology, Awager enables players to remotely access and interact with real, physical slot machines and electronic table games located on casino floors, delivering an authentic and immersive live gaming experience directly to their mobile devices and desktops. Awager’s innovative solutions create dedicated broadcast studios for partners, complete with real-time camera views, sound captures, and cutting-edge interfaces, creating a trusted and familiar environment for players worldwide. Committed to revolutionizing the industry, Awager provides a unique and engaging omni-channel solution that brings the excitement of traditional casino play to the digital realm.
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.
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Awager and BetMGM announce partnership Awager and BetMGM announce partnership
Awager and BetMGM announce partnership Awager and BetMGM Bring Real Casino Slot Machines Online Through New Partnership Awager and BetMGM announce partnership Awager and BetMGM Bring Real Casino Slot Machines Online Through New Partnership
Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos | Source: BetMGM LLC
EDMONTON, AB, Aug. 20, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading iGaming and sports betting operator, announced that live dealer casino games streamed directly from Las Vegas are now available in Alberta. Players at BetMGM Casino Alberta can access real-time blackjack, roulette and baccarat hosted by professional dealers and broadcast from MGM Resorts International destinations.
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"Live dealer content continues to be one of the fastest-evolving categories in iGaming," said Rob Passerino, Director of Gaming at BetMGM. "Live dealer bridges the gap between online gaming and the casino floor, creating a more immersive and engaging experience for players. The real-time interaction with professional dealers and the ability to watch hands and spins unfold live adds a sense of authenticity that really resonates with players."
The live dealer games are streamed through MGM Resorts International's live casino collaboration with Playtech. In addition to dedicated live dealer tables, Alberta players can access Dual Play games from Bellagio and MGM Grand, where online and in-person players participate in the same game.
Roulette
MGM Grand Live American RouletteMGM Grand Live RouletteBellagio Live Roulette Baccarat
MGM Grand Live BaccaratBellagio Live Baccarat The launch further expands BetMGM Casino Alberta's portfolio of premium casino content, giving players access to exclusive experiences powered by BetMGM's relationships with MGM Resorts International and leading gaming suppliers.
Alberta is one of the few regulated iGaming markets in North America where players can access live dealer content streamed directly from Las Vegas casinos. While many jurisdictions require live dealer games to be broadcast from local studios, Alberta players can connect to real table games hosted at iconic MGM Resorts destinations, delivering a uniquely authentic casino experience.
Three live dealer questions answered
What are live dealer casino games and how do they work at BetMGM Casino Alberta?
BetMGM Casino Alberta's live dealer games stream real blackjack, roulette and baccarat tables from Las Vegas, allowing players to interact with professional dealers and participate in live gameplay from their computer, tablet or mobile device.
What live dealer games are available at BetMGM?
Vegas All Bets Blackjack Live, Vegas Live Blackjack 1, Vegas Live Blackjack 2, Vegas Live Blackjack 3, Vegas Live Blackjack 4, Vegas Roulette Live, and Vegas Baccarat Live.
What are MGM Grand and Bellagio Dual Play tables?
MGM Grand and Bellagio Dual Play tables let BetMGM Casino Alberta players join real games taking place on the casino floors of those Las Vegas resorts, made possible by Alberta's regulatory framework that permits live dealer content to be streamed directly from Nevada.
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.
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See BetMGM.com for Terms. 18+ only. Bet Responsibly. AB only. Subject to eligibility requirements. 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.
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/.
BetMGM Brings Authentic Live Dealer Gaming from Las Vegas to Alberta BetMGM Brings Authentic Live Dealer Gaming from Las Vegas to Alberta
BetMGM Brings Authentic Live Dealer Gaming from Las Vegas to Alberta BetMGM, a leading iGaming and sports betting operator, announced that live dealer casino games strea... BetMGM Brings Authentic Live Dealer Gaming from Las Vegas to Alberta BetMGM, a leading iGaming and sports betting operator, announced that live dealer casino games strea...
BetMGM Contact Data Katie Kohler, Sr. iGaming Communications Lead BetMGM [email protected]
NEW YORK, Aug. 19, 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.
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.
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.
Employee giving powers 211 grants supporting nonprofits addressing local needs
, /PRNewswire/ -- More than $4.6 million is headed to nonprofit organizations in communities where MGM Resorts employees live and work. The MGM Resorts Foundation has awarded 211 grants, fueled by contributions from employees and guests. Recipients span communities in Nevada, Michigan, Ohio, Mississippi, New Jersey, New York and Massachusetts, as well as the greater Washington, D.C., metropolitan area.
Employee involvement extends to the Foundation's Community Grant Councils, where volunteers from across the company review applications and help identify organizations that are creating meaningful impact in their local communities. This year, 87 Council members reviewed hundreds of applications across the country.
"What makes the Foundation special is that our employees are invested in this work in every sense. They contribute their own dollars, understand the needs in their communities and help ensure those dollars reach organizations making a real difference," said Maria Jose Gatti, Vice President of Philanthropy at MGM Resorts. "It's a model that puts our employees, and the communities they call home, at the heart of our giving."
This year's grant recipients range from local grassroots nonprofits to organizations making an impact across multiple MGM Resorts' communities, including:
Shoes That Fit, which provides new athletic shoes and other essentials to children facing financial hardship, received support in five regions, including Southern Nevada, Southern Mississippi, New Jersey, Westchester & Bronx Counties and Western Massachusetts.
Gamers Outreach, which provides hospitalized children with therapeutic gaming experiences, received funding in six regions, including Southern Nevada, Southern Mississippi, Michigan, New Jersey, Westchester & Bronx Counties and Western Massachusetts.
For members of the Community Grant Councils, reviewing applications offers a firsthand look at the needs and the impact within their own communities.
"Reviewing applications can be emotional because you see just how many people need support. But it's also inspiring to learn about the organizations stepping up to meet those needs. I will continue to talk about the work they do long after reading their applications." – Corporate Partnerships Manager and member of the Southern Nevada Community Grant Council
"Reading these applications gave me a deeper appreciation for the organizations quietly doing incredible work every day. It's rewarding to know our decisions help strengthen the communities we call home." – Human Resources Partner and member of the Greater Washington Community Grant Council
Behind each of the 211 grants is a story of an organization meeting a need, creating opportunity or helping someone move toward a brighter future. A full list of grant recipients can be found here.
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 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 the size and timing of grants to be issued by the MGM Resorts Foundation. 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 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, 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, 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.
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 mgmresorts.com. Please also connect with us @MGMResortsIntl on X as well as Facebook and Instagram.
MGM RESORTS CONTACT:
Andrea Bruce
Manager, Corporate Communications
[email protected]
People Incorporated Common Stock NASDAQ: PPLI is focusing its capital allocation on its MGM minority stake and its People media business while seeking new homes for several non-core assets, Chief Financial Officer Tim Quinn said during a fireside chat.
Quinn said the former IAC has identified MGM and People, its publishing and media operation, as its core assets. The company plans to direct capital toward share repurchases and potential acquisitions related to People, while evaluating dispositions of majority-owned Vivian Health and The Daily Beast, as well as its minority investment in car-sharing company Turo.
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“We feel pretty well-positioned to continue to monetize non-core assets and redeploy that money into the core,” Quinn said. He added that the company is not under pressure to sell Vivian or The Daily Beast at an uneconomic price.
MGM Offer and Other Assets
People Inc. submitted an offer on June 1 to acquire the remaining MGM stake alongside other equity investors, Quinn said. He noted that Barry Diller had said the company expected a resolution within 60 days, though Quinn said he could not provide further details because the proposal is being reviewed by a special committee.
People Inc. has held MGM shares for six years and considers the company undervalued, according to Quinn. If the transaction does not proceed, he said People Inc. would continue buying back its own shares and could opportunistically increase its MGM position.
On Turo, Quinn said the business delivered another strong quarter and has been producing growth alongside profitability. He said an initial public offering would be the preferred exit route, though a private sale could also be considered. Quinn said Turo, Vivian Health and The Daily Beast are each worth more today than they were a year ago, in his view.
Digital Business Shifts Beyond Search
Quinn said People’s digital strategy has been reshaped by declining referral traffic from Google Search as artificial intelligence changes how consumers access information. Google accounted for 21% of the company’s traffic, down from about 65% “not too long ago,” he said.
The company divides digital revenue into session-based and non-session-based categories. Session-based revenue, which comes from visitors to its websites, represented 57% of digital revenue in the latest quarter and was down 1% year over year, Quinn said. Non-session-based revenue accounted for 43% and rose 19% in the first half.
Non-session-based revenue includes events, social content and audiences, licensing, and D/Cipher advertising-targeting capabilities.
People Inc. is investing most heavily in these areas as it seeks more direct consumer and advertiser relationships.
The company’s current digital revenue outlook calls for mid- to high-single-digit growth, but its longer-term goal remains double-digit growth.
Quinn said new brand-led initiatives, including membership programs and other direct-to-consumer offerings, could become meaningful collectively if replicated across multiple brands. He cited Southern Living as an example of a brand where a membership program could materially improve growth.
Advertising, Commerce and Licensing
Quinn described the advertising market as “more healthy than not,” though uneven across categories. He said People Inc. sees strength in some sectors but softer spending in inflation-sensitive categories and food and beverage companies facing structural changes.
The company’s performance marketing revenue rose 13% in the quarter, primarily reflecting its affiliate commerce operation. Quinn said People Inc. sends more than $1 billion in retail gross merchandise volume to retailers including Amazon, Nordstrom and Wayfair. He expects growth in that business to moderate in the second half due partly to more difficult comparisons and the timing of Amazon’s Prime Day.
Licensing was the company’s fastest-growing revenue category, rising 20% in the quarter. Quinn said licensing includes distribution arrangements with platforms such as Apple News, Yahoo, AOL and NewsBreak; product licensing, including Better Homes & Gardens’ relationship with Walmart; and content agreements with AI companies.
People Inc. has agreements with OpenAI and Meta, but not with Google or Anthropic, Quinn said. He said the company believes high-quality publisher content should be compensated both by foundational AI model providers and by applications that use content on a pay-per-use basis. People Inc. also has an agreement with Microsoft related to the application layer, he said.
Google Claims, Margins and Print
Quinn distinguished the company’s AI licensing concerns from its litigation related to Google’s advertising technology business. He said the government found Google abused market power in ad technology, and People Inc. is among parties pursuing claims. The company expects the matter to extend into 2027 and has publicly described its anticipated restitution claim as being in the nine figures, Quinn said.
He said People Inc. has spent roughly $10 million to $15 million on the litigation so far and expects to spend about $15 million this year. The company believes any eventual recovery would be “many multiples” of its legal spending, though no settlement amount or timing was provided.
Digital adjusted EBITDA margin expanded to 26% from 23% in the second quarter. Quinn said the company expects digital EBITDA margin expansion of roughly 30% to 40% for the full year, supported by higher-margin licensing and performance marketing revenue, as well as efficiencies in content production. He said the company is using AI tools to reduce costs while maintaining human-created content.
Print revenue declined 16% in the quarter, while print adjusted EBITDA totaled $9 million. Quinn said the company expects print EBITDA to remain in the high-$30 million to $40 million annual range for the foreseeable future, with the second and third quarters representing the low point of the year. He also said corporate costs are expected to decline to a $45 million annual run rate by the second quarter of next year, from roughly $100 million previously.
About People Incorporated Common Stock (NASDAQ:PPLI)IAC NASDAQ: IAC is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company's operations span North America and parts of Europe, where its brands reach millions of visitors each month.
In the digital publishing space, IAC's Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.
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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Key Takeaways MGM received $546M from Northfield, lifting cash to $2.55B at June 30, 2026.MGM cut annual cash rent by $53M, adding recurring flexibility as it funds growth projects.MGM had $1.4B left under its buyback authorization while continuing major Osaka investments. MGM Resorts International (MGM - Free Report) completed the sale of MGM Northfield Park's operations for $546 million in April 2026, adding liquidity while removing a recurring lease burden. The transaction gives the company more flexibility as it balances share repurchases with sizable development spending.
That flexibility is useful, but it does not eliminate competing capital demands. MGM is still funding Osaka, maintaining its domestic portfolio and investing in digital operations, so the Northfield proceeds are best viewed as added capacity rather than pure excess cash.
MGM Turns Northfield Into $546M of Fresh LiquidityThe Northfield transaction converted a regional operating asset into $546 million of cash proceeds. MGM's cash and cash equivalents stood at $2.55 billion at June 30, 2026, up from $2.06 billion at the end of 2025, leaving the balance sheet with greater near-term liquidity.
The sale also simplifies the Regional Operations comparison because Northfield closed on April 21. MGM reported second-quarter same-store regional revenues of $904 million, up 3% year over year, showing that the remaining portfolio continued to produce revenue growth after adjusting for the disposition.
MGM Cuts $53M of Annual Cash RentExiting Northfield also reduced MGM's annual cash rent by $53 million. That recurring savings extends the economic benefit beyond the one-time sale proceeds and lowers a fixed cash obligation as management directs funds toward growth projects and shareholder returns.
MGM currently expects 2026 cash rent and ground lease payments of about $1.8 billion, with that forecast reflecting the Northfield closing. The rent reduction does not transform MGM's cost structure, but it improves recurring cash flexibility at the margin.
MGM Has More Room to Reaccelerate BuybacksMGM repurchased about 4 million shares for $164 million during the second quarter and had roughly $1.4 billion remaining under its repurchase authorization at June 30. The company has reduced its share count by nearly 50% over the past five years, making buybacks a central use of discretionary capital.
Capital-return choices differ across casino operators. Caesars Entertainment, Inc. (CZR - Free Report) had $221 million of repurchase authorization remaining at June 30 but said no repurchases were expected at that time because of its proposed merger. Wynn Resorts, Limited (WYNN - Free Report) repurchased $75 million of shares in the second quarter, showing that buybacks remain an active capital-allocation tool for major gaming peers.
MGM Still Has Major Osaka Funding NeedsNorthfield's proceeds arrive while MGM Osaka continues to absorb substantial capital. MGM expects approximately $350-$400 million of 2026 investment in unconsolidated affiliates for Osaka, while second-half funding is projected at $125-$175 million. Management also expects to deploy about $1 billion in each of 2027 and 2028.
Wynn provides a useful development comparison. Wynn had contributed $1.06 billion of cash life to date to its 40%-owned Wynn Al Marjan Island venture by June 30 and expects that resort to open in September 2027. MGM's own Osaka project remains targeted for a 2030 opening, keeping development funding a multiyear capital priority.
MGM's Style Scores Back Selective Capital ReturnNorthfield improves MGM's financial flexibility, but the transaction does not remove the need for disciplined capital allocation. The company still has major development commitments, while buybacks compete with investment in Las Vegas, digital operations and other growth initiatives.
MGM currently carries a Zacks Rank #3 (Hold), with a Value Score of A, Momentum Score of A, Growth Score of D and VGM Score of B. The favorable Value and Momentum Scores indicate stronger value and momentum characteristics, while the weaker Growth Score keeps the setup mixed. The Hold rank reinforces a balanced stance rather than a clear near-term buy signal. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
Key Takeaways MGM's Las Vegas revenue rose 3%, supported by record convention rates and banquet revenue.MGM China held 16.4% market share, but Segment Adjusted EBITDAR fell 15% amid higher fee expense.MGM's Adjusted EBITDA fell to $610 million as earnings declined despite 1% revenue growth. MGM Resorts International's (MGM - Free Report) shares have gained 22.5% over the past three months, putting the durability of that advance in focus. Second-quarter results offered support from Las Vegas group demand and continued digital revenue growth, while Macau held a mid-teens market share.
The counterweight is profitability. Softer value-oriented leisure demand, lower hotel metrics and weaker adjusted earnings leave investors weighing whether operating momentum can keep pace with the stock's recent move.
MGM's Convention Mix Supports Las Vegas DemandLas Vegas Strip Resorts revenues rose 3% year over year to $2.17 billion in the second quarter, while Segment Adjusted EBITDAR increased 3% to $735 million. Group and convention business represented 20% of room mix and produced record second-quarter convention average daily rates and catering and banquet revenues.
That performance stands out against an uneven Strip backdrop. Caesars Entertainment, Inc. (CZR - Free Report) reported a 3.5% decline in second-quarter Las Vegas revenues. MGM's event calendar, group base and upgraded room inventory helped offset softer leisure trends, although revenue per available room fell 4%.
MGM China Adds Premium-Mass MomentumMGM China held 16.4% market share in the second quarter, up one percentage point sequentially. Recent suite conversions and 50,000 square feet of high-end gaming space at MGM Cotai supported its premium-mass positioning, while management said July volumes rebounded after World Cup-related softness in June.
Profitability was less favorable. MGM China revenues were roughly flat at $1.10 billion, but Segment Adjusted EBITDAR fell 15% to $257 million as intercompany branding license fee expense increased by $21 million. Wynn Resorts, Limited (WYNN - Free Report) also reported higher second-quarter operating revenues at Wynn Palace, pointing to active premium demand in Macau.
MGM Digital Narrows Losses as Revenue ScalesOn a first-half basis, MGM Digital revenues increased nearly 30% to $379 million, while its Segment Adjusted EBITDAR loss narrowed to about $56 million from $60 million. The core LeoVegas and BetMGM-branded European businesses are expected to provide better operating leverage in 2027 and help fund growth investments in Brazil.
The quarterly picture was more mixed. Second-quarter MGM Digital revenues rose 20% to $196 million, but the loss widened to $31 million from $26 million. BetMGM North America generated $711 million of quarterly net revenue, up 3%, while Adjusted EBITDA fell 15% to $74 million.
MGM Still Faces Value and Cost PressureThe lower end of MGM's Las Vegas portfolio remains a pressure point. Luxor and Excalibur continued to face softer demand, even as the all-inclusive package helped stabilize occupancy and bookings. Strip room revenues declined 2% and average daily rate fell 4% in the second quarter.
Those trends matter because consolidated Adjusted EBITDA declined to $610 million from $648 million despite 1% revenue growth. Adjusted earnings per share fell to 59 cents from 79 cents, leaving less room for execution misses as MGM continues investing in luxury upgrades, digital expansion and Osaka.
MGM's Momentum Strength Meets Growth CautionMGM's 22.5% three-month advance is backed by better Las Vegas revenues, a resilient convention mix and continued digital scaling. Still, weaker adjusted earnings, Macau margin pressure and softness among value-conscious leisure customers argue for a measured view on how much of the recovery is already reflected in the shares.
The stock currently carries a Zacks Rank #3 (Hold), with a Value Score of A, Momentum Score of A, Growth Score of D and VGM Score of B. The favorable value and momentum grades support the recent setup, but the weaker growth score tempers the picture. For a #3 Ranked stock, the combination is more consistent with holding than treating the rally as a clear new-buy signal. You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here.
New titles from AGS are available first at BetMGM Casino Alberta, strengthening lineup of popular slot games New titles from AGS are available first at BetMGM Casino Alberta, strengthening lineup of popular slot games
NEW YORK, Aug. 12, 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.
EDMONTON, AB, Aug. 05, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading sportsbook and iGaming operator, and Blueprint Gaming announced that Game of Thrones™ is now live at BetMGM Casino in Alberta. It marks the title’s second Canadian market launch following a record-breaking debut in Ontario.
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Since launching in Ontario, Game of Thrones™ has delivered record-setting engagement and performance metrics for BetMGM. The success mirrored broader industry momentum, with Eilers & Krejcik Gaming ranking Game of Thrones fifth among Canada's best-performing new online casino game launches.
Developed in partnership with Warner Bros. Discovery Global Experiences, Game of Thrones™ draws on the scale and storytelling of the globally renowned HBO series, translating its rich world into a feature-driven slot experience designed for modern audiences.
At the core of the gameplay is Blueprint’s Money Collect mechanic, which evolves as players progress. Beginning with the Night’s Watch Collect feature, players unlock the sigils of Westeros’ most powerful houses – House Stark, House Baratheon, House Lannister and House Targaryen – each introducing distinct modifiers that enhance prize collection and gameplay depth.
Additional layers of engagement are delivered through wildfire-inspired modifiers and house-powered features, creating a dynamic experience that mirrors the tension and unpredictability of the source material.
***ENDS***
Disclaimer
### See BetMGM.com for Terms. 18+ only. Bet Responsibly. AB only. Subject to eligibility requirements. 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.
For more information, please contact: Square in the Air
About Blueprint Gaming
Blueprint Gaming is a leading UK-based game studio and part of Germany's Merkur Group. Founded in 2009, the company has a proven track record of delivering unique moments in gaming, producing some of the industry's most popular game series and IPs in a portfolio of over 500 titles.
Providing a quality, diverse content offering across a wide variety of game themes and mechanics, including innovative proprietary concepts and recognisable branded experiences, Blueprint games are enjoyed by a growing number of players worldwide.
Blueprint is licensed to develop and supply online games by the UKGC, AGCC, MGA, GRA, SGA, ONJN and AGCO. This allows it to provide games certified for play in the regulated markets of the UK, Alderney, Malta, Gibraltar, Denmark, Sweden, Germany, Italy, Latvia, Lithuania, Portugal, Spain, Romania and Canada.
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.com/en/blog/
About Warner Bros. Discovery Global Experiences
Warner Bros. Discovery Global Experiences (WBDGE) is a worldwide leader in the creation, development, licensing and operating of location-based entertainment based on the biggest franchises, stories, and characters from Warner Bros.’ world-renowned film, television, animation, and games studios, HBO, Discovery, Cartoon Network and more.
WBDGE is home to the groundbreaking locations of The Wizarding World of Harry Potter at Universal theme parks around the world, award-winning Warner Bros. Studio Tour locations in London, Hollywood, and Tokyo, the iconic Harry Potter New York flagship store, Warner Bros. World Abu Dhabi, The WB Abu Dhabi, The FRIENDS Experience, The Game of Thrones Studio Tour and countless other experiences inspired by Harry Potter, DC, Looney Tunes, Scooby-Doo, Game of Thrones, FRIENDS and more. WBDGE is part of Warner Bros. Discovery’s Revenue & Strategy division.
Game of Thrones™ Goes Live with BetMGM in Alberta Game of Thrones™ Goes Live with BetMGM in Alberta
Game of Thrones™ Goes Live with BetMGM in Alberta BetMGM, a leading sportsbook and iGaming operator, and Blueprint Gaming announced that Game of Thron... Game of Thrones™ Goes Live with BetMGM in Alberta BetMGM, a leading sportsbook and iGaming operator, and Blueprint Gaming announced that Game of Thron...
NEW YORK, Aug. 05, 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.
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.
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.
EDMONTON, AB, Aug. 04, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading sports betting and iGaming operator, and Marriott Bonvoy, Marriott International's award-winning travel program, announced the expansion of their rewards collaboration to Alberta following the opening of the regulated online gambling market.
Through BetMGM Rewards, the company's loyalty program, players in Alberta can link their Marriott Bonvoy and BetMGM accounts, transfer BetMGM Rewards into Marriott Bonvoy points, and redeem Marriott Bonvoy points for stays and experiences worldwide. The rollout in Alberta expands on the rewards program that debuted in the U.S. in 2024.
"Our partnership with Marriott Bonvoy continues to be a powerful differentiator and is one of the most rewarding loyalty offerings in our industry," said Adam Greenblatt, Chief Executive Officer, BetMGM. “By extending this program, we're providing Albertans the opportunity to be part of a world-class loyalty program with tremendous flexibility on points redemption. It's another way we deliver unique value that players cannot find anywhere else.”
BetMGM offers a seamless experience for linking accounts and exchanging BetMGM Rewards points for Marriott Bonvoy points through the BetMGM Rewards Store. Players can connect their accounts through the BetMGM mobile app, website or Rewards Store by accessing "My Rewards" within their account profile.
BetMGM is currently available in 31 markets with mobile and retail offerings. The BetMGM Sportsbook app is accessible on both iOS and Android, as well as via desktop at www.betmgm.com.
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.
# # #
See BetMGM.com for Terms. 18+ only. Bet Responsibly. AB only. Subject to eligibility requirements. 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.
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/ or https://sports.betmgm.ca/en/blog.
About Marriott Bonvoy®
Marriott Bonvoy, Marriott International's award-winning travel program and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy's portfolio of more than 30 extraordinary hotel brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott Bonvoy app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram and TikTok.
About MGM Collection with Marriott Bonvoy
MGM Collection with Marriott Bonvoy creates unforgettable, larger-than-life memories with exhibitions of brilliance and extraordinary service for the reveler in all of us. With an unrivaled portfolio of hotels and resorts, MGM Collection includes Las Vegas icons such as Mandalay Bay Resort and Casino, MGM Collection, and gaming paradises across the United States, such as MGM Springfield. Of the 17 MGM resorts comprising MGM Collection with Marriott Bonvoy, five of the properties also are affiliated with existing Marriott collection brands: Bellagio, a Luxury Collection Resort & Casino, Las Vegas; W Las Vegas; ARIA Resort & Casino, Autograph Collection; Park MGM Las Vegas, a Tribute Portfolio Resort; and continuing its affiliation with Autograph Collection is The Cosmopolitan of Las Vegas, Autograph Collection. MGM Collection with Marriott Bonvoy is the groundbreaking strategic alliance between MGM Resorts International and Marriott International, and participates in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.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 expansion of the Marriott rewards collaboration. 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 expansion 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.
Key Takeaways MGM Resorts' Q2 revenues rose 1% to a record $4.45B, while adjusted EPS fell 25.3% to 59 cents.Las Vegas Strip revenues rose 3%, but China EBITDAR fell 15% and regional EBITDAR dropped 9%.MGM Digital revenues climbed 20%, while higher marketing costs and gaming taxes widened its EBITDAR loss. MGM Resorts International (MGM - Free Report) reported second-quarter 2026 results, with earnings missing the Zacks Consensus Estimate, whereas revenues surpassed the same. On a year-over-year basis, the top line increased while the bottom line declined.
MGM Resorts’ results benefited from revenue growth at Las Vegas Strip Resorts and MGM Digital, along with record same-store revenues from Regional Operations. However, lower profitability at MGM China and the regional properties weighed on earnings. Las Vegas group and convention business accounted for 20% of room mix during the quarter.
MGM’s Q2 Earnings & Revenue DetailsMGM Resorts reported adjusted earnings per share (EPS) of 59 cents, missing the Zacks Consensus Estimate of 63 cents by 6.4%. The figure declined 25.3% from 79 cents reported in the prior-year quarter.
Quarterly revenues of $4.45 billion topped the consensus mark of $4.44 billion by 0.4%. The top line increased 1% year over year, marking record second-quarter consolidated revenues. Consolidated adjusted EBITDA decreased 5.7% to $610 million.
MGM's Las Vegas Results Gain GroundLas Vegas Strip Resorts revenues increased 3% year over year to $2.17 billion. Segment adjusted EBITDAR rose 3% to $735 million, while margin improved 30 basis points to 33.9%. Management attributed the EBITDAR increase primarily to a recovery at MGM Grand, supported by remodeled rooms and a favorable hold benefit.
Casino revenues jumped 17% to $536 million as table games win climbed 27% to $451 million. Table games win percentage expanded to 29.6% from 22.9%. However, Room revenues declined 2% to $717 million. Occupancy remained unchanged at 93%, while average daily rate and revenue per available room decreased 4% to $242 and $224, respectively.
MGM Resorts' Regional Trends Stay MixedRegional Operations revenues declined 4% to $924 million, reflecting the April sale of MGM Northfield Park. On a same-store basis, revenues increased 3% to $904 million and reached an all-time quarterly record.
Segment adjusted EBITDAR fell 9% to $280 million. Same-store EBITDAR was flat at $271 million, while the corresponding margin contracted 83 basis points to 30.0%. Casino revenues declined 6% as slot win fell 9%, partly offset by a 4% increase in table games win.
MGM's China Profitability Faces PressureMGM China revenues were relatively flat at $1.10 billion. Casino revenues decreased 2% to $956 million as main-floor table games drop declined 7%, though table games win increased 2% and win percentage improved to 27.2% from 25.0%.
Segment adjusted EBITDAR dropped 15% to $257 million, and margin fell 383 basis points to 23.3%. Results were pressured by a $21 million year-over-year increase in intercompany branding license fees. Management said World Cup activity temporarily affected June volumes, followed by an encouraging rebound in July.
MGM Resorts' Digital Growth AcceleratesMGM Digital revenues increased 20% year over year to $196 million. The segment posted an adjusted EBITDAR loss of $31 million compared with a loss of $26 million a year earlier, as marketing costs and gaming taxes increased.
BetMGM, MGM's unconsolidated North American venture, generated second-quarter net revenues of $711 million, up 3%. iGaming revenues rose 8% to $483 million, while online sports revenues were flat at $228 million. Adjusted EBITDA declined 15% to $74 million, and average monthly actives fell 3% to 875,000.
MGM Resorts' Balance Sheet and Capital PlansMGM Resorts ended the second quarter with cash and cash equivalents of $2.55 billion, up from $2.06 billion at the end of 2025. Long-term debt was $6.07 billion compared with $6.23 billion at the end of 2025.
During the first half of 2026, net cash provided by operating activities totaled $1.13 billion, while capital expenditures were $396 million. MGM repurchased approximately 4 million shares for $164 million during the quarter. The remaining authorization under its share repurchase program was $1.4 billion.
Construction of MGM Osaka remains on schedule and within budget for a 2030 opening. Approximately 60% of foundation piles were completed, with concrete and structural steel work progressing.
MGM’s Zacks Rank & Stocks to ConsiderMGM Resorts currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Zacks Consumer-Discretionary sector are Life Time Group Holdings, Inc. (LTH - Free Report) , AMC Entertainment Holdings, Inc. (AMC - Free Report) and The Marcus Corporation (MCS - Free Report) .
Life Time Group presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
Life Time Group delivered a trailing four-quarter earnings surprise of 10.9%, on average. The stock has surged 72% in the year-to-date period. The Zacks Consensus Estimate for LTH’s 2026 sales and EPS implies growth of 11.3% and 18.1%, respectively, from the year-ago levels.
AMC Entertainment presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 321.7%, on average. The stock has rallied 76.3% in the year-to-date period.
The Zacks Consensus Estimate for AMC Entertainment’s 2026 sales and EPS indicates an increase of 13.3% and 77.1%, respectively, from the year-ago levels.
Marcus currently sports a Zacks Rank #1. The company delivered a trailing four-quarter earnings miss of 40.4%, on average. The stock has gained 60.9% in the year-to-date period.
The Zacks Consensus Estimate for Marcus’ 2026 sales and EPS indicates growth of 6.2% and 211.8%, respectively, from the year-ago period’s levels.
Consolidated Net Revenue: Record second quarter consolidated net revenue.Las Vegas Strip Resorts Revenue: Second consecutive quarter of year-over-year revenue g
MGM Buyout: The House Doesn't Always WinMGM Resorts International NYSE: MGM said its second-quarter momentum was supported by record consolidated net revenue, continued growth at its Las Vegas Strip properties, record same-store regional revenue and 20% year-over-year revenue growth at MGM Digital.
Chief Executive Officer and President Bill Hornbuckle said the company’s board continues to evaluate an offer from People Incorporated through a special committee of independent directors. Hornbuckle said he and Chief Financial Officer Jonathan Halkyard would not address the proposal during the question-and-answer session.
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Caesars Surges on Buyout Buzz. Should Investors Take the Bet?Hornbuckle said the company entered the second half with positive momentum across Las Vegas, regional casinos, Macau and digital operations, while construction of its Osaka integrated resort remains on schedule for a fall 2030 opening.
Las Vegas revenue and group business supported results In Las Vegas, MGM reported year-over-year growth in both net revenue and segment adjusted EBITDA during the second quarter. Halkyard said Strip-resort EBITDA was up $25 million year to date, primarily reflecting a recovery at MGM Grand following room renovations and a favorable hold benefit.
3 Bargain Stocks the Market Is Sleeping on Right NowGroup and convention business accounted for 20% of MGM’s room mix during the quarter, keeping the company on pace for that segment to represent 20% of full-year room mix, Hornbuckle said. Technology and hospitality corporate groups, business-to-business trade shows and professional association meetings helped drive the company’s highest second-quarter convention average daily rate, as well as record catering and banquet revenue.
Hornbuckle said April and May were strong, with May benefiting from events and other activity. June was more challenging as summer conditions intensified, though July had been favorable. MGM expects a solid third quarter supported by group business and a larger citywide event calendar, while Hornbuckle said the company has “some work to do” in the fourth quarter.
Chief Operating Officer Ayesha Molino said luxury properties and the group segment remained strong, while the lower end of MGM’s Las Vegas portfolio, particularly Luxor and Excalibur, remained challenged but had stabilized.
MGM’s all-inclusive offering at Luxor and Excalibur has booked more than 30,000 room nights since its launch four months ago, according to Hornbuckle. Nearly half of guests booking the offer were first-time MGM visitors. Molino said the package has supported occupancy, generated higher weekend rates, and delivered a favorable margin profile.
The company is also seeking to draw more local customers to Park MGM through food-and-beverage, parking and free-play offers. Molino cited the resort’s proximity to T-Mobile Arena and Dolby Live, its nonsmoking positioning and its existing local high-end gaming business as factors supporting that effort.
Luxury investment plans remain within current capital framework MGM plans further upgrades to its Las Vegas luxury offerings, including work at Bellagio’s convention and public spaces, potential additional villas, and future room renovations at Aria and The Cosmopolitan. Hornbuckle said the company also sees opportunities to build on the activation of Bellagio’s Lakeside area.
Halkyard said MGM can complete significant renovations within the level of capital expenditures it has maintained over the past several years. Projects that expand the company’s physical footprint or add capacity would likely require capital spending above that base level.
“Las Vegas is our home,” Hornbuckle said, describing the market as the epicenter of gaming and saying MGM intends to continue investing in luxury experiences where returns justify it.
MGM is also preparing to host the Players Era Basketball Tournament in November across Mandalay Bay’s Michelob Ultra Arena and T-Mobile Arena. The tournament will include 24 collegiate basketball programs and will be televised on ESPN networks.
Regional casinos set same-store records MGM’s regional operations produced their best quarterly revenue on a same-store basis, with same-store slot handle rising 4% and slot win increasing 3%, Halkyard said. Several properties posted record revenue during the period, including Empire City, which increased gross gaming revenue in June despite new competition in New York state.
Borgata was a major contributor to record same-store casino revenue and slot win, supported by improvements to high-limit gaming areas. MGM plans to enhance premium lounges at Beau Rivage and Borgata and begin room renovations at Borgata before year-end.
Hornbuckle also pointed to the planned Sphere venue near MGM National Harbor as a potential demand driver. He said projections call for approximately 2.5 million visitors at the roughly 6,500-seat venue and that MGM expects to capture demand given its location next to the property.
Macau volumes recovered following World Cup disruption MGM China maintained a 16.4% market share in the second quarter, up one percentage point sequentially. While Macau volumes declined during June amid World Cup activity, company executives said the weakness was temporary.
Kenneth Feng, CEO of MGM China Holdings, said business volumes and visitation improved beginning in the second week of July. He said Macau gaming revenue had recovered to nearly first-quarter levels in the prior week, while MGM’s property visitation and normalized gross gaming revenue had exceeded first-quarter levels.
Feng said MGM’s strategy in Macau centers on optimizing the yield of its gaming floors through a combination of products, service, innovation and promotions rather than promotions alone. The company recently completed suite conversions and expanded premium gaming space at MGM Cotai, and it has begun design work for about 100 suites at MGM Macau.
Digital operations grow as Osaka construction advances MGM Digital generated 20% revenue growth in the quarter and recorded segment adjusted EBITDA losses of $31 million. Halkyard said the company expects MGM Digital’s full-year EBITDA loss to be lower than last year’s as it calibrates its Brazil operations.
Gary Fritz, chief commercial officer and president of MGM Digital, said MGM’s European LeoVegas and BetMGM-branded businesses are positioned for operating leverage and potentially substantial profitability in 2027. MGM expects those operations to help fund some future growth investments, particularly in Brazil.
At the BetMGM North America venture, MGM said iGaming revenue grew 8% in the second quarter. During the first half, handle per active customer rose 7% and net gaming revenue per active customer increased 9% in iGaming. In online sports betting, handle per active customer increased 18% and net gaming revenue per active customer rose 17%.
In Japan, MGM expects its Osaka funding commitment for the second half of 2026 to be approximately $125 million to $175 million. The company has spent about $600 million to date and expects to deploy roughly $1 billion in each of 2027 and 2028, completing its capital commitments. More than 60% of foundation piles have been completed, and MGM said the project remains on time and on budget.
During the quarter, MGM repurchased about 4.3 million shares for $164 million. Halkyard said the company has reduced its share count by nearly 50% over the past five years.
About MGM Resorts International (NYSE:MGM)MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.
The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.
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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For the quarter ended June 2026, MGM Resorts (MGM - Free Report) reported revenue of $4.45 billion, up 1.1% over the same period last year. EPS came in at $0.59, compared to $0.79 in the year-ago quarter.
The reported revenue represents a surprise of +0.37% over the Zacks Consensus Estimate of $4.43 billion. With the consensus EPS estimate being $0.63, the EPS surprise was -6.35%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how MGM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Las Vegas Strip Resorts - Table Games Win: $451.00 compared to the $374.74 average estimate based on three analysts.Las Vegas Strip Resorts - Slots Win: $566.00 compared to the $547.58 average estimate based on three analysts.Las Vegas Strip Resorts- Slots Win: 9.6% compared to the 9.4% average estimate based on three analysts.Las Vegas Strip Resorts - Slots Handle: $5,915.00 versus the three-analyst average estimate of $5,846.67.Revenues- MGM China: $1.1 billion versus the four-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of -0.8%.Revenues- Las Vegas Strip Resorts: $2.17 billion versus the four-analyst average estimate of $2.15 billion. The reported number represents a year-over-year change of +2.6%.Revenues- Regional Operations: $924.1 million compared to the $909.6 million average estimate based on four analysts. The reported number represents a change of -4.2% year over year.Revenues- Las Vegas Strip Resorts- Casino: $535.52 million versus $468.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +17.3% change.Revenues- Regional Operations- Rooms: $83.48 million compared to the $81.21 million average estimate based on two analysts. The reported number represents a change of +4.6% year over year.Revenues- MGM China- Casino: $956.31 million compared to the $995.58 million average estimate based on two analysts.Revenues- MGM Digital: $196.31 million versus the two-analyst average estimate of $200.73 million. The reported number represents a year-over-year change of +19.8%.Revenues- Regional Operations- Casino: $668.39 million versus the two-analyst average estimate of $654.15 million. The reported number represents a year-over-year change of -5.9%.View all Key Company Metrics for MGM here>>>
Shares of MGM have returned -3.4% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
MGM Resorts International (MGM) released its 8-K filing on July 29, 2026, reporting its financial results for the quarter ended June 30, 2026. The company showc
Revenue Rose to Record High
Solid Market Share of 15.9%
, /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the six months ended June 30, 2026 (the "Period").
The Group is encouraged by Macau's continued growth during the Period. Average daily visitation in the first half of 2026 reached 115,715, representing a 9% increase compared with the corresponding period last year.
Macau's gross gaming revenue ("GGR") also continued to recover during the Period, with average daily GGR increasing by 7% year on year to approximately MOP701 million in the first half of 2026.
MGM China saw property visitation during the Period up by 7% from last year. MGM China's daily GGR in the first half of 2026 grew by 5% year-on-year to MOP111 million, compared to MOP106 million last year. Net revenue for the Group reached historical high at HK$17.4 billion for the Period, compared with HK$16.7 billion in the corresponding period last year. The Group reported adjusted EBITDA of HK$4.8 billion, compared with HK$4.9 billion in the corresponding period last year. The Group maintained a solid market share of approximately 15.9% during the Period. This performance was partly affected by a lower VIP win rate (2026: 2.6% vs 2025: 3.5%). MGM COTAI accounted for approximately 9.7% of the market, while MGM MACAU accounted for approximately 6.2%. Average occupancy was 93.5% for the Period. The Group maintained a healthy financial position. As of June 30, 2026, the Group had total liquidity of approximately HK$24.7 billion, comprised of Bank balances and cash and undrawn revolver. During the Period, the Group continued to optimize its assets to enhance competitiveness and drive future growth. MGM COTAI completed the suite conversion project during the Period, with nearly 60 Prime Wellness Suites launched. The new suites have been well received by guests, reflecting the Group's commitment to evolving with changing customer preferences and wellness trends.
At MGM MACAU, the Group also celebrated the opening of Chatterbox Café, the renowned Singapore dining brand. With a legacy spanning more than five decades, Chatterbox is renowned for its authentic Singaporean cuisine and has established itself as a highly recognized culinary brand across Asia.
During the Period, MGM China earned seven Forbes Travel Guide Five-Star Awards, reaffirming its commitment to exceptional guest experiences. MGM MACAU achieved a milestone by securing its 11th consecutive Five-Star rating, while Tria Spa at both MGM MACAU and MGM COTAI clinched the accolade for the seventh straight year. Additionally, Emerald Tower, Skylofts, and Five Foot Road at MGM COTAI, alongside Imperial Court at MGM MACAU, sustained their Five-Star status for the fifth consecutive year, underscoring the Group's consistent excellence across accommodation, wellness, and dining.
In June, MGM China announced the acquisition of MGM Asia Pacific Limited, a Hong Kong-incorporated company, from MGM Resorts International. MGM Asia Pacific Limited holds a 100% interest in MGM Hospitality Group (Asia Pacific), Ltd. ("MGM Hospitality"), a hospitality management company that operates luxury and upscale hotels, lifestyle destinations and cultural tourism projects across Chinese Mainland.
Through the acquisition, MGM China will leverage the 19 years of operating experience, brand platform and established relationship network developed by MGM Hospitality. MGM Hospitality currently manages eight operating hotels, has more than 12 active projects under development across various cities in Mainland China, and provides access to over 1.5 million Mlife loyalty program members.
The eight operating hotels include:
Bellagio by MGM Shanghai MGM Shanghai West Bund MGM Grand Sanya Mhub by MGM Nanjing Jiangning MGM Reserve Qingdao MGM Qingdao MGM Reserve Zhuhai MGM Shenzhen Kenneth Feng, Chief Executive Officer of MGM China said: "This acquisition represents a strategic opportunity for MGM China to strengthen its strategic and operational oversight of MGM Hospitality. We are confident that it will create meaningful synergies that enhance our competitive edge and support the Group's sustainable growth."
Following the suite conversion at MGM COTAI earlier this year, the Group will commence renovations of approximately 100 suites at MGM MACAU. This initiative will further strengthen the complementary positioning of our properties, establishing MGM MACAU as a premier venue on the Peninsula and MGM COTAI as the preferred destination for premium customers.
"MGM China is dedicated to improving our products and service levels, while delivering compelling experiences for guests. We are committed to supporting Macau into a global and diversified tourist destination," said Kenneth Feng.
- End -
About MGM China Holdings Limited
MGM China Holdings Limited (HKEx: 2282) is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau.
MGM China is majority owned by MGM Resorts International (NYSE: MGM) one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, ARIA, MGM Grand, Mandalay Bay and Park MGM. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
MGM Resorts (MGM - Free Report) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -6.35%. A quarter ago, it was expected that this casino and resort operator would post earnings of $0.56 per share when it actually produced earnings of $0.49, delivering a surprise of -12.5%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
MGM, which belongs to the Zacks Gaming industry, posted revenues of $4.45 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.37%. This compares to year-ago revenues of $4.4 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MGM shares have added about 26.6% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for MGM?While MGM has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for MGM was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.27 on $4.31 billion in revenues for the coming quarter and $1.99 on $17.75 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Light & Wonder (LNWO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 4.
This instant-win lottery ticket maker is expected to post quarterly earnings of $1.75 per share in its upcoming report, which represents a year-over-year change of +10.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Light & Wonder's revenues are expected to be $846.45 million, up 4.6% from the year-ago quarter.
Record 2Q consolidated revenue Second consecutive quarter of Las Vegas Strip Resorts year-over-year revenue growth All-time best Regional Operations same-store quarterly revenue , /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended June 30, 2026.
"MGM Resorts once again demonstrated the strength of our diversified portfolio with record second quarter consolidated revenue driven by a second consecutive quarter of year-over-year revenue growth for Las Vegas Strip Resorts, all-time best Regional Operations same-store quarterly revenue, and 20% year-over-year revenue growth at MGM Digital," said Bill Hornbuckle, President and CEO of MGM Resorts International. "Alongside this momentum in our existing operations, we continue to build for the future with investment in the largest integrated resort in the world, MGM Osaka, on track for 2030 opening, as well as returns on our digital businesses."
"Our disciplined and targeted capital allocation strategy fueled Segment Adjusted EBITDAR growth across our Las Vegas Strip Resorts, record setting results at several of our Regional Operations, and market share gains at MGM China," said Jonathan Halkyard, CFO of MGM Resorts International. "We will continue to allocate growth capital to drive significant returns on investment with meaningful opportunities at our Las Vegas luxury offerings."
Second Quarter 2026 Financial Highlights:
Consolidated Results
Consolidated revenue of $4.5 billion, an increase of 1% compared to the prior year quarter Net income attributable to MGM Resorts was $292 million in the current quarter compared to $49 million in the prior year quarter Consolidated Adjusted EBITDA of $610 million in the current quarter compared to $648 million in the prior year quarter Diluted earnings per share of $1.11 in the current quarter compared to $0.18 in the prior year quarter Adjusted diluted earnings per share ("Adjusted EPS") of $0.59 in the current quarter compared to $0.79 in the prior year quarter Las Vegas Strip Resorts
Revenue of $2.2 billion in the current quarter compared to $2.1 billion in the prior year quarter, an increase of 3% Segment Adjusted EBITDAR of $735 million in the current quarter compared to $710 million in the prior year quarter, an increase of 3% Regional Operations
Revenue of $924 million in the current quarter compared to $965 million in the prior year quarter, a decrease of 4% Same-store revenue (adjusted for dispositions) of $904 million in the current quarter compared to $879 million in the prior year quarter, an increase of 3% Segment Adjusted EBITDAR of $280 million in the current quarter compared to $309 million in the prior year quarter, a decrease of 9% Same-Store Segment Adjusted EBITDAR of $271 million in the current quarter, which was flat compared to the prior year quarter MGM China
Revenue of $1.1 billion in the current quarter, which was relatively flat compared to the prior year quarter Segment Adjusted EBITDAR of $257 million in the current quarter compared to $301 million in the prior year quarter, a decrease of 15% Intercompany branding license fee expense increased by $21 million over the prior year quarter MGM Digital (1)
Revenue of $196 million in the current quarter compared to $164 million in the prior year quarter, an increase of 20% Segment Adjusted EBITDAR loss of $31 million in the current quarter compared to a loss of $26 million in the prior year quarter (1)
MGM Digital consists of LeoVegas and other consolidated subsidiaries that offer interactive gaming; it does not include the BetMGM North America Venture.
Adjusted EPS
The following table reconciles diluted earnings per share ("EPS") to Adjusted EPS (approximate EPS impact shown, per share; positive adjustments represent charges to income):
Three Months Ended June 30,
2026
2025
Diluted earnings per share
$ 1.11
$ 0.18
Property transactions, net
(1.13)
(0.01)
Goodwill impairment
0.37
—
Non-operating items:
Loss (gain) related to debt and equity investments
0.03
(0.01)
Foreign currency transaction (gain) loss
(0.12)
0.72
Change in the fair value of foreign currency contracts
0.10
(0.12)
Income tax impact on net income adjustments(1)
0.23
0.03
Adjusted EPS
$ 0.59
$ 0.79
(1)
The income tax impact includes current and deferred income tax expense based upon the nature of the adjustment and the jurisdiction in which it occurs.
The current year quarter includes an income tax expense of $14 million resulting from an increase in the valuation allowance on foreign tax credits.
Las Vegas Strip Resorts
The following table shows key gaming statistics for Las Vegas Strip Resorts:
Three Months Ended June 30,
2026
2025
% Change
(Dollars in millions)
Casino revenue
$ 536
$ 457
17 %
Table games drop
$ 1,523
$ 1,554
(2) %
Table games win
$ 451
$ 355
27 %
Table games win %
29.6 %
22.9 %
Slot handle
$ 5,915
$ 5,886
— %
Slot win
$ 566
$ 549
3 %
Slot win %
9.6 %
9.3 %
The following table shows key hotel statistics for Las Vegas Strip Resorts:
Three Months Ended June 30,
2026
2025
% Change
Room revenue (in millions)
$ 717
$ 735
(2) %
Occupancy
93 %
93 %
Average daily rate (ADR)
$ 242
$ 252
(4) %
Revenue per available room (RevPAR)
$ 224
$ 235
(4) %
Regional Operations
The following table shows key gaming statistics for Regional Operations:
Three Months Ended June 30,
2026
2025
% Change
(Dollars in millions)
Casino revenue
$ 668
$ 710
(6) %
Table games drop
$ 1,020
$ 985
4 %
Table games win
$ 222
$ 213
4 %
Table games win %
21.8 %
21.6 %
Slot handle
$ 6,353
$ 6,868
(7) %
Slot win
$ 634
$ 694
(9) %
Slot win %
10.0 %
10.1 %
MGM China
The following table shows key gaming statistics for MGM China:
Three Months Ended June 30,
2026
2025
% Change
(Dollars in millions)
Casino revenue
$ 956
$ 977
(2) %
Main floor table games drop
$ 3,815
$ 4,085
(7) %
Main floor table games win
$ 1,038
$ 1,021
2 %
Main floor table games win %
27.2 %
25.0 %
Intercompany branding license fee expense for MGM China, which eliminates in consolidation, was $40 million in the current quarter and $19 million in the prior year quarter.
Unconsolidated Affiliates
The following table summarizes information related to the Company's share of operating income from unconsolidated affiliates:
Three Months Ended June 30,
2026
2025
(In thousands)
BetMGM North America Venture
$ 23,097
$ 21,770
Other
2,741
4,090
$ 25,838
$ 25,860
MGM Resorts Share Repurchases
During the second quarter of 2026, the Company repurchased approximately 4 million shares of its common stock for an aggregate amount of $164 million, pursuant to its repurchase plan. The remaining availability under the April 2025 stock repurchase plan was approximately $1.4 billion as of June 30, 2026. All shares repurchased under the Company's repurchase plan have been retired.
Conference Call Details
MGM Resorts will host a conference call at 5:00 p.m. Eastern Time today, 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 3854404.
A replay of the call will be available through August 5, 2026. The replay may be accessed by dialing 1-855-669-9658 or 1-412-317-0088. The replay access code is 6498752.
"Segment Adjusted EBITDAR" is our reportable segment GAAP measure, which we utilize as the primary profit measure for our reportable segments and underlying operating segments. Segment Adjusted EBITDAR is a measure defined as earnings before interest and other non-operating income (expense), income taxes, depreciation and amortization, preopening and start-up expenses, property transactions, net, triple net lease rent expense, income from unconsolidated affiliates, goodwill impairment, and also excludes corporate expense and stock compensation expense, which are not allocated to each operating segment. Triple net lease rent expense is the expense for rent to landlords under triple net operating leases for its domestic properties, the ground subleases of Beau Rivage and MGM National Harbor, and the land concessions at MGM China.
"Same-Store Segment Adjusted EBITDAR" is Segment Adjusted EBITDAR further adjusted to exclude the Segment Adjusted EBITDAR of disposed operating segments from the beginning of the reporting period through the date of disposition. Accordingly, for Regional Operations, we have excluded the Segment Adjusted EBITDAR of MGM Northfield Park for the periods prior to its disposition on April 21, 2026, as applicable.
Same-Store Segment Adjusted EBITDAR is a non-GAAP measure and is presented solely as a supplemental disclosure to reported GAAP measures because management believes this measure is useful in providing meaningful period-to-period comparisons of the results of the Company's operations for operating segments that were consolidated for the full period presented to assist users of the financial statements in reviewing operating performance over time. Same-Store Segment Adjusted EBITDAR should not be viewed as a measure of overall operating performance, considered in isolation, or as an alternative to the Company's reportable segment GAAP measure or net income, or as an alternative to any other measure determined in accordance with generally accepted accounting principles, because this measure is not presented on a GAAP basis, and is provided for the limited purposes discussed herein. In addition, Same-Store Segment Adjusted EBITDAR may not be defined in the same manner by all companies and, as a result, may not be comparable to similarly titled non-GAAP financial measures of other companies, and such differences may be material. A reconciliation of the Company's reportable segment Segment Adjusted EBITDAR GAAP measure to Same-Store Segment Adjusted EBITDAR is included in the financial schedules in this release.
"Consolidated Adjusted EBITDA" is earnings before interest and other non-operating income (expense), income taxes, depreciation and amortization, preopening and start-up expenses, property transactions, net, and goodwill impairment. Consolidated Adjusted EBITDA information is a non-GAAP measure that is presented solely as a supplemental disclosure to reported GAAP measures because it is among the measures used by management to evaluate our operating performance, and because we believe this measure is widely used by analysts, lenders, financial institutions, and investors as a measure of operating performance in the gaming industry and as a principal basis for the valuation of gaming companies. We believe that while items excluded from Consolidated Adjusted EBITDA may be recurring in nature and should not be disregarded in evaluation of our earnings performance, it is useful to exclude such items when analyzing current results and trends compared to other periods because these items can vary significantly depending on specific underlying transactions or events that may not be comparable between the periods being presented. Also, we believe excluded items may not relate specifically to current operating trends or be indicative of future results. For example, preopening and start-up expenses will be significantly different in periods when we are developing and constructing a major expansion project and will depend on where the current period lies within the development cycle, as well as the size and scope of the project(s). Property transactions, net includes normal recurring disposals, gains and losses on sales of assets related to specific assets within our properties, but also includes gains or losses on sales of an entire operating resort or a group of resorts and impairment charges on entire asset groups or investments in unconsolidated affiliates, which may not be comparable period over period. However, Consolidated Adjusted EBITDA has limitations as an analytical tool, and should not be construed as an alternative or substitute to any measure determined in accordance with generally accepted accounting principles. For example, we have significant uses of cash flows, including capital expenditures, interest payments, income taxes, and debt principal repayments, which are not reflected in Consolidated Adjusted EBITDA. Accordingly, while we believe that Consolidated Adjusted EBITDA is a relevant measure of performance, Consolidated Adjusted EBITDA should not be construed as an alternative to or substitute for operating income or net income as an indicator of our performance, or as an alternative to or substitute for cash flows from operating activities as a measure of liquidity. In addition, other companies in the gaming and hospitality industries that report Consolidated Adjusted EBITDA may calculate Consolidated Adjusted EBITDA in a different manner and such differences may be material. A reconciliation of GAAP net income to Consolidated Adjusted EBITDA is included in the financial schedules in this release.
"Adjusted EPS" is diluted earnings or loss per share adjusted to exclude property transactions, net, net gain/loss related to equity investments for which we have elected the fair value option of ASC 825 and equity investments accounted for under ASC 321 for which there is a readily determinable fair value and net gain/loss related to our investments in debt securities, foreign currency transaction net gain/loss, and change in the fair value of foreign currency contracts.
Adjusted EPS is a non-GAAP measure and is presented solely as a supplemental disclosure to reported GAAP measures because we believe this measure is useful in providing period-to-period comparisons of the results of our continuing operations to assist investors in reviewing our operating performance over time. We believe that while certain items excluded from Adjusted EPS may be recurring in nature and should not be disregarded in evaluating our earnings performance, it is useful to exclude such items when comparing current performance to prior periods because these items can vary significantly depending on specific underlying transactions or events. Also, we believe certain excluded items, and items further discussed with respect to Consolidated Adjusted EBITDA above, may not relate specifically to current operating trends or be indicative of future results. Adjusted EPS should not be construed as an alternative to GAAP earnings per share as an indicator of our performance. In addition, Adjusted EPS may not be defined in the same manner by all companies and, as a result, may not be comparable to similarly titled non-GAAP financial measures of other companies. A reconciliation of Adjusted EPS to diluted earnings per share can be found under "Adjusted EPS" included in this release.
RevPAR is hotel revenue per available room.
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.
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 and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. 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 its financial outlook (including expectations regarding group and convention bookings); the Company's expectations regarding its consideration of any acquisition proposal from People Incorporated and any actions taken by the Company in respect of any such proposal, including with respect to the negotiation and entry (or failure to enter) into an agreement involving the acquisition of the Company's equity interests or its business and its ability to consummate such a transaction on any timeline or at all; any benefits expected to be received from the Company's transactions and capital investments; the Company's ability to execute on its strategic plans, including the Company's development project in Japan; expectations regarding growth at MGM Digital, BetMGM North America Venture, or MGM China; expectations regarding events and experiences to be held at the Company's properties; and the Company's ability to return capital to shareholders (including the timing and amount of any share repurchases). 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 effects of economic conditions and market conditions in the markets in which the Company and its unconsolidated affiliates (including BetMGM North America Venture) operate and competition with online gaming and sports betting operators and destination travel locations throughout the United States and the world; the design, timing and costs of expansion and capital investment projects in Japan and Dubai; changes in applicable laws or regulations, particularly with respect to iGaming and online sports betting; risks relating to domestic and international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions; disruptions in the availability of the Company's information and other systems or those of third parties on which the Company rely, through cyber-attacks, or otherwise; 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.
MGM RESORTS CONTACTS:
Investment Community
SARAH ROGERS
Senior Vice President of Corporate Finance & Treasurer
[email protected]
HOWARD WANG
Vice President of Investor Relations
[email protected]
News Media
BRIAN AHERN
Executive Director of Communications
[email protected]
MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
June 30,
June 30,
2026
2025
2026
2025
Revenue
Casino
$
2,383,185
$
2,329,798
$
4,762,040
$
4,581,946
Rooms
849,143
860,401
1,716,997
1,723,809
Food and beverage
802,332
778,179
1,607,172
1,548,352
Entertainment, retail and other
416,333
436,492
819,502
827,845
4,450,993
4,404,870
8,905,711
8,681,952
Expenses
Casino
1,349,281
1,333,850
2,698,833
2,578,160
Rooms
276,390
272,066
561,666
552,915
Food and beverage
582,734
576,633
1,159,014
1,136,928
Entertainment, retail and other
263,346
262,880
516,766
497,309
General and administrative
1,263,260
1,213,691
2,546,092
2,378,589
Corporate expense
131,433
124,096
268,653
266,447
Preopening and start-up expenses
112
849
1,089
934
Property transactions, net
(286,695)
125
(272,475)
15,593
Goodwill impairment
111,019
-
111,019
-
Depreciation and amortization
282,315
241,975
546,040
478,419
3,973,195
4,026,165
8,136,697
7,905,294
Income from unconsolidated affiliates
25,838
25,860
35,864
12,964
Operating income
503,636
404,565
804,878
789,622
Non-operating income (expense)
Interest expense, net of amounts capitalized
(102,129)
(105,584)
(202,818)
(212,853)
Non-operating items from unconsolidated affiliates
2,525
(4,055)
18
(3,793)
Other, net
9,488
(161,170)
13,691
(172,436)
(90,116)
(270,809)
(189,109)
(389,082)
Income before income taxes
413,520
133,756
615,769
400,540
Provision for income taxes
(90,731)
(15,662)
(118,188)
(55,715)
Net income
322,789
118,094
497,581
344,825
Less: Net income attributable to noncontrolling interests
(30,356)
(69,143)
(80,012)
(147,320)
Net income attributable to MGM Resorts International
$
292,433
$
48,951
$
417,569
$
197,505
Earnings per share
Basic
$
1.12
$
0.18
$
1.61
$
0.70
Diluted
$
1.11
$
0.18
$
1.59
$
0.70
Weighted average common share outstanding
Basic
254,018
273,329
255,193
280,199
Diluted
257,758
275,615
258,327
282,328
MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)
June 30,
December 31,
2026
2025
ASSETS
Current assets
Cash and cash equivalents
$
2,547,380
$
2,062,994
Accounts receivable, net
1,218,354
1,122,940
Inventories
123,371
124,535
Income tax receivable
1,612
220,154
Prepaid expenses and other
513,236
486,419
Assets held for sale
-
315,382
Total current assets
4,403,953
4,332,424
Property and equipment, net
6,182,784
6,305,614
Investments in and advances to unconsolidated affiliates
637,534
536,066
Goodwill
4,768,737
4,901,960
Other intangible assets, net
1,258,099
1,356,676
Operating lease right-of-use assets, net
21,659,125
23,002,707
Deferred income taxes
117,192
89,792
Other long-term assets, net
820,902
848,547
$
39,848,326
$
41,373,786
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts and construction payable
$
422,884
$
421,502
Accrued interest on long-term debt
72,345
71,845
Other accrued liabilities
2,803,719
2,993,179
Liabilities related to assets held for sale
-
25,581
Total current liabilities
3,298,948
3,512,107
Deferred income taxes
2,600,028
2,617,067
Long-term debt, net
6,068,442
6,230,141
Operating lease liabilities
23,778,515
24,962,742
Other long-term obligations
726,335
775,411
Total liabilities
36,472,268
38,097,468
Redeemable noncontrolling interests
8,404
21,777
Stockholders' equity
Common stock, $0.01 par value: authorized 1,000,000,000 shares,
issued and outstanding 251,586,206 and 258,323,143 shares
2,516
2,583
Capital in excess of par value
-
-
Retained earnings
2,308,750
2,106,836
Accumulated other comprehensive income
202,509
320,498
Total MGM Resorts International stockholders' equity
2,513,775
2,429,917
Noncontrolling interests
853,879
824,624
Total stockholders' equity
3,367,654
3,254,541
$
39,848,326
$
41,373,786
MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
SUPPLEMENTAL DATA - REVENUE
(In thousands)
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
June 30,
June 30,
2026
2025
2026
2025
Las Vegas Strip Resorts
$
2,170,045
$
2,114,692
$
4,350,475
$
4,290,812
Regional Operations
924,098
964,612
1,842,008
1,865,031
MGM China
1,100,881
1,110,093
2,222,916
2,137,565
MGM Digital
196,308
163,861
379,049
291,919
Management and other operations
59,661
51,612
111,263
96,625
$
4,450,993
$
4,404,870
$
8,905,711
$
8,681,952
MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
SUPPLEMENTAL DATA - SEGMENT ADJUSTED EBITDAR AND CONSOLIDATED ADJUSTED EBITDA
(In thousands)
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
June 30,
June 30,
2026
2025
2026
2025
Las Vegas Strip Resorts
$
735,118
$
710,496
$
1,484,325
$
1,521,656
Regional Operations
280,216
308,656
539,653
587,698
MGM China
256,709
301,342
530,183
586,907
MGM Digital (1)
(30,884)
(25,698)
(56,486)
(60,091)
Unconsolidated affiliates - BetMGM and other (2)
25,838
25,860
35,864
12,964
Management and other operations
31,610
20,230
58,156
41,994
Stock compensation
(15,668)
(16,454)
(50,770)
(45,076)
Triple net lease rent expense
(552,188)
(564,416)
(1,116,815)
(1,128,891)
Corporate (3)
(120,364)
(112,502)
(233,559)
(232,593)
Consolidated Adjusted EBITDA
$
610,387
$
647,514
$
1,190,551
$
1,284,568
Additional Information:
Non-cash rent (4)
$
96,154
$
106,212
$
198,501
$
217,349
(1) MGM Digital consists of LeoVegas and other consolidated subsidiaries that offer interactive gaming.
(2) Represents the Company's share of operating income of unconsolidated affiliates.
(3) Includes amounts related to MGM China of $14 million and $28 million for current quarter and current year, respectively, and of $13 million and $23 million for prior year quarter
and prior year, respectively.
(4) Represents the excess of expense over cash paid related to triple net operating and ground leases.
MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
RECONCILIATION OF NET INCOME ATTRIBUTABLE TO MGM RESORTS INTERNATIONAL TO CONSOLIDATED ADJUSTED EBITDA
(In thousands)
(Unaudited)
Three Months Ended
Six Months Ended
June 30,
June 30,
June 30,
June 30,
2026
2025
2026
2025
Net income attributable to MGM Resorts International
$
292,433
$
48,951
$
417,569
$
197,505
Plus: Net income attributable to noncontrolling interests
30,356
69,143
80,012
147,320
Net income
322,789
118,094
497,581
344,825
Provision for income taxes
90,731
15,662
118,188
55,715
Income before income taxes
413,520
133,756
615,769
400,540
Non-operating (income) expense:
Interest expense, net of amounts capitalized
102,129
105,584
202,818
212,853
Other, net
(12,013)
165,225
(13,709)
176,229
90,116
270,809
189,109
389,082
Operating income
503,636
404,565
804,878
789,622
Preopening and start-up expenses
112
849
1,089
934
Property transactions, net
(286,695)
125
(272,475)
15,593
Goodwill impairment
111,019
-
111,019
-
Depreciation and amortization
282,315
241,975
546,040
478,419
Consolidated Adjusted EBITDA
$
610,387
$
647,514
$
1,190,551
$
1,284,568
MGM RESORTS INTERNATIONAL AND SUBSIDIARIES
RECONCILIATIONS OF REGIONAL OPERATIONS REVENUE TO REGIONAL OPERATIONS SAME-STORE REVENUE
AND REGIONAL OPERATIONS SEGMENT ADJUSTED EBITDAR TO REGIONAL OPERATIONS SAME-STORE SEGMENT ADJUSTED EBITDAR
NEW YORK, July 29, 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.
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.
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.
BetMGM said second-quarter revenue rose 3% year over year to $711 million as growth in iGaming offset pressure in sports betting and retail operations. The company, jointly owned by MGM Resorts International and Entain LON: ENT, reported adjusted EBITDA of $74 million for the quarter and $99 million for the first half of 2026.
Chief Executive Officer Adam Greenblatt said the quarter was “a little lighter than expected,” but characterized the results as continued progress toward profitable growth. First-half revenue totaled $1.4 billion, up 4% from a year earlier, while the company generated $77 million in adjusted EBITDA less capital expenditures, which it described as its best proxy for cash available to parents.
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Guidance Maintained, With Results Expected Near Low End BetMGM maintained its full-year outlook for revenue of $2.9 billion to $3.1 billion and adjusted EBITDA of $300 million to $350 million. However, Greenblatt said the company now expects to finish toward the lower end of both ranges because of market conditions following the second quarter.
The company cited heightened competition from both regulated operators and prediction-market platforms, as well as broader pressure on consumer discretionary spending. Greenblatt said the primary macro issue affecting online sports betting was prediction markets, though he also pointed to higher gas prices and challenges in separating the effects of different consumer pressures.
Despite those headwinds, BetMGM said it is preserving investment in its stronger markets while cutting back in lower-return sports-betting-only states. In particular, the company is focusing its marketing spending on multi-product states, where sports betting customers can be cross-sold into iGaming.
Greenblatt said more than 60% of sports bettors in those states cross-sell into gaming, and that BetMGM would continue to invest “full throttle” in both sports and gaming in those markets.
iGaming Growth Offsets Flat Online Sports Revenue iGaming revenue rose 8% year over year to $483 million in the quarter, supported by player-management improvements and engagement. Net gaming revenue per active player increased 7%, while active-player levels remained stable despite new competitors entering some markets.
Nearly 70% of BetMGM’s revenue comes from iGaming, Greenblatt said. The company highlighted exclusive game releases, including Game of Thrones titles in Ontario, as well as additions to the Rakin’ Bacon, Buffalo Triple Power and Money Gong franchises. It also introduced Elvis Presley: Viva Las Records and Marilyn Monroe Slingo.
Management said the iGaming environment remains highly competitive. Greenblatt said BetMGM’s iGaming customer-acquisition costs were more than 15% higher than a year earlier, partly reflecting new entrants in established markets such as Michigan. He also cited new know-your-customer requirements in Pennsylvania that add friction to player onboarding.
BetMGM launched in Alberta during the quarter and said early performance was encouraging. Nearly 10% of new Alberta players had an existing relationship with MGM, according to Greenblatt. The company did not include potential upside from Alberta in its guidance.
Sports Betting Strategy Prioritizes Value Over Volume Online sports betting revenue was flat year over year at $228 million. BetMGM reported that handle per active player grew 11% and net gaming revenue per active increased 9%, while average monthly active users declined as expected under the company’s more selective customer-acquisition strategy.
Greenblatt said BetMGM has reduced marketing spending in sports-only states and shifted resources toward customers and channels with more attractive returns. Promotions rose year over year, he said, because the company increased reinvestment in higher-value players during the World Cup while scaling back investment in less valuable portions of its customer base.
The World Cup generated three times as much betting handle as the 2022 tournament, according to Greenblatt. He said wagers on the United States-Belgium match exceeded those on any baseball or basketball playoff game and any World Series game. Management said it expects soccer to become a more significant betting category and believes the tournament helped sustain customer engagement through the summer ahead of football season.
Retail performance was weaker, however, as several high-stakes player wagers were successful at company-operated sportsbooks. Chief Financial Officer Gary Deutsch said retail generated “basically zero revenue net” during the second quarter, reflecting greater concentration among high-end VIP players as lower-staking customers migrate to digital channels. The company expects retail results to normalize over time.
Cost Measures Expected to Support Second-Half Profitability Management expects more than 100% profit flow-through in the second half as marketing reductions, normalized tax comparisons and cost initiatives take effect. Deutsch said initiatives span staffing, vendors and other direct costs. For the full year, BetMGM expects EBITDA flow-through of 70% or more, above its longer-term normalized expectation of roughly 40% to 45%.
BetMGM said it sees a path to more than $500 million in adjusted EBITDA from its existing footprint, based on anticipated gaming growth, cost discipline and normalized flow-through rates. However, Greenblatt said the target would likely be reached after 2027.
Looking ahead, management identified Virginia, Washington, D.C., and Indiana as states where future iGaming legalization could create additional opportunities. It also said restrictions on prediction-market activity could benefit licensed online sports-betting operators, with any benefit likely tied broadly to market share in affected states.
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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Q2 continued delivery of profitable growth with ongoing focused strategic execution JERSEY CITY, N.J., July 28, 2026 /PRNewswire/ -- BetMGM LLC ("BetMGM"), a leading sports betting and iGaming operator across North America, jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain"), is today providing an update on its Second Quarter ("Q2") and First Half ("H1") performance in 2026.
A drone view shows an advertisement for the online sports betting company BetMGM at Fenway Park in Boston, Massachusetts, U.S., June 18, 2024. REUTERS/Brian Snyder Purchase Licensing Rights, opens new tab
July 27 (Reuters) - U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as competition from prediction market platforms mounts intensifies.
Licensed sportsbook operators in the U.S. are facing growing pressure from prediction market platforms such as Kalshi, while FanDuel, DraftKings and Fanatics have launched similar products, raising customer acquisition costs and threatening sports betting market share.
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The company, a joint venture between Ladbrokes-owner Entain (ENT.L), opens new tab and U.S.-based MGM Resorts (MGM.N), opens new tab, expects full-year net revenue and adjusted core profit to come in towards the lower end of its forecast ranges of $2.9 billion to $3.1 billion and $300 million to $350 million, respectively.
BetMGM also said it no longer expects to hit its $500 million adjusted core profit target by 2027, blaming a more competitive landscape and regulatory complexity stemming from the rise of prediction market platforms.
Entain shares were down marginally by 1120 GMT.
Reporting by Yamini Kalia in Bengaluru; Editing by Ronojoy Mazumdar and Tasim Zahid
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Sweepstakes sends one winner and their fantasy football league to Las Vegas for exclusive experience
CLICK HERE TO DOWNLOAD PHOTO
, /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, and Marriott Bonvoy are bringing back their Vegas Fantasy Draft sweepstakes, giving members who link their BetMGM and Marriott Bonvoy accounts the chance to win an exclusive Las Vegas draft weekend hosted by actor and comedian Rob Riggle for the winner and 11 guests.
The group will be flown to Las Vegas for a fantasy football draft party inside the BetMGM Sportsbook at ARIA Resort & Casino, Autograph Collection, part of MGM Collection with Marriott Bonvoy, where Riggle will provide commentary and reactions as draft selections are made.
"Creating legendary experiences for our players is at the core of what we do," said Matt Prevost, BetMGM Chief Revenue Officer. "We're building on the momentum and success of last year's Vegas Fantasy Draft with Marriott Bonvoy as we bring fans another unforgettable weekend. Rob Riggle's energy and comedic talent make him a great addition to this year's draft."
The prize package includes a two-night stay at The Cosmopolitan of Las Vegas, Autograph Collection, round-trip flights for up to 12 guests and a $4,000 MGM Resorts credit that can be used for dining and spa experiences at MGM Resorts destinations.
To enter the sweepstakes, BetMGM players may opt in by Friday, July 31 through the Promotions section of the BetMGM app and link their Marriott Bonvoy and BetMGM accounts. Once opted in, participants will earn one (1) entry for every $10 in cumulative qualifying wagers, up to 25 entries.
Marriott Bonvoy members and BetMGM players can link accounts through the BetMGM website, mobile app or BetMGM Rewards Store by accessing Account Details within their profile and following the prompts under My Rewards. Detailed instructions are available here.
For more details on the sweepstakes, including Terms and Conditions, visit BetMGM.com/SportsPromo. No purchase necessary. Participants must be 21+. Additional terms and restrictions apply. Please see Official Rules.
BetMGM and Marriott Bonvoy launched a first-of-its-kind rewards collaboration in 2024, allowing players in licensed states to link their Marriott Bonvoy and BetMGM accounts and earn BetMGM Rewards points through sports betting and online casino play. Players can exchange BetMGM Rewards points for Marriott Bonvoy points, up to 1 million points annually, and redeem them for experiences, including free nights across Marriott Bonvoy's portfolio of more than 30 hotel brands and 10,000 destinations worldwide.
BetMGM is currently available in 31 markets with mobile and retail offerings. The BetMGM Sportsbook app is accessible on both iOS and Android, as well as via desktop at www.betmgm.com.
As BetMGM continues to expand into new markets and introduce 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 MGM Resorts 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 nationwide. This 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.
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) , 877-8-HOPENY or text HOPENY (467369) (NY), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. Subject to eligibility requirements. In partnership with Kansas Crossing Casino and Hotel. This promotional offer is not available in New York, Nevada, Ontario, or Puerto Rico.
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://sports.betmgm.com/en/blog.
About Marriott Bonvoy®
Marriott Bonvoy, Marriott International's award-winning travel platform, connects travelers to the people, places, and passions they love through an extraordinary collection of hotels and experiences worldwide. The platform features over 30 hotel brands and 10,000 destinations, including the largest collection of luxury offerings, distinctive boutique properties, premium home rentals, and more, providing renowned hospitality across the globe. With unrivaled access to the best in entertainment, culinary, sports, outdoor adventure, arts, culture, and more, Marriott Bonvoy offers transformative travel experiences that leave a lasting impression.
Marriott Bonvoy membership is free and unlocks unique benefits including the ability to earn points through travel and everyday activities, like purchases with co-branded credit cards. Members can redeem their points for free stays, experiences and more. Visit marriottbonvoy.com for more information and download the Marriott Bonvoy app here. Travelers can connect with Marriott Bonvoy on Instagram, TikTok, YouTube
, and Facebook.
About MGM Collection with Marriott Bonvoy
MGM Collection with Marriott Bonvoy creates unforgettable, larger-than-life memories with exhibitions of brilliance and extraordinary service for the reveler in all of us. With an unrivaled portfolio of hotels and resorts, MGM Collection includes Las Vegas icons such as Mandalay Bay Resort and Casino, MGM Collection, and gaming paradises across the United States, such as MGM Springfield. Of the 17 MGM resorts comprising MGM Collection with Marriott Bonvoy, five of the properties also are affiliated with existing Marriott collection brands: Bellagio, a Luxury Collection Resort & Casino, Las Vegas; W Las Vegas; ARIA Resort & Casino, Autograph Collection; Park MGM Las Vegas, a Tribute Portfolio Resort; and continuing its affiliation with Autograph Collection is The Cosmopolitan of Las Vegas, Autograph Collection. MGM Collection with Marriott Bonvoy is the groundbreaking strategic alliance between MGM Resorts International and Marriott International, and participates in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.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 sweepstakes and prize package. 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 sweepstakes does not occur or 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.
Key Takeaways MGM's Q2 EPS is expected to fall 20.3% YoY to 63 cents, while revenues are seen rising 0.9% to $4.45B.MGM may benefit from stronger convention demand, renovated rooms and easier Las Vegas comparisons.Regional softness, weaker Canadian visits and digital investments may pressure quarterly performance. MGM Resorts International (MGM - Free Report) is scheduled to report second-quarter 2026 results on July 29.
MGM’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed on two occasions, the average surprise being 34.6%.
Trend in Estimate Revision of MGMThe Zacks Consensus Estimate for second-quarter earnings per share (EPS) is pegged at 63 cents, indicating a deterioration of 20.3% from 79 cents reported in the year-ago quarter.
For revenues, the consensus mark is pegged at nearly $4.45 billion, suggesting growth of 0.9% 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’ second-quarter 2026 performance is likely to have benefited from strong group and convention demand, easier comparisons in Las Vegas, solid casino activity in Macau and continued digital expansion. The return of renovated rooms at MGM Grand, healthy spending among premium customers and product enhancements at MGM Cotai are expected to have supported results in the to-be-reported quarter.
In Las Vegas, MGM’s performance is likely to have gained from a favorable convention calendar, with convention room-night mix expected to rise 2 percentage points year over year to 20% in the second quarter of 2026. Large corporate programs, including events involving Google and Cisco, coupled with the full availability of MGM Grand’s renovated room inventory, are likely to have supported room demand and ancillary spending. The Zacks Consensus Estimate for second-quarter Las Vegas Strip revenues is pegged at $2.15 billion, compared with $2.11 billion reported in the prior-year quarter. Segment adjusted property EBITDA is projected at $720.9 million, up from $710.5 million reported in the year-ago quarter.
MGM China is likely to have benefited from premium-mass demand and recently completed enhancements at MGM Cotai. The addition of approximately 60 suites and 40,000 square feet of premium gaming space is expected to have strengthened the company’s product offering and supported performance in the second quarter. However, the higher branding fee is likely to have weighed on MGM China’s reported segment profitability. MGM China’s adjusted property EBITDA is projected at $276.4 million, down from $301.3 million in the prior-year quarter.
MGM Digital is expected to have supported second-quarter top-line growth, driven by continued momentum at LeoVegas across the United Kingdom, Sweden and the Netherlands, along with expansion in Brazil. The consensus estimate for digital revenues is pegged at $200.7 million, up from $163.9 million a year ago.
However, softness among value-oriented Las Vegas customers, particularly during midweek periods at Luxor and Excalibur, along with short booking windows and weaker Canadian visitation, may have constrained quarterly performance. Regional operations are also likely to have been affected by the sale of Northfield Park, which closed in April. The consensus estimate for regional revenues is pegged at $909.6 million, down from $964.6 million reported in the prior-year quarter, while adjusted property EBITDA is expected to decline to $273.9 million from $308.7 million. Continued investments in Brazil, sportsbook integration and World Cup-related opportunities may have weighed on digital margins in the second quarter.
What Our Model Says About MGM StockOur proven model predicts an earnings beat for MGM Resorts this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
MGM’s Earnings ESP: MGM Resorts has an Earnings ESP of +18.79%. 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 #3.
Other Stocks Poised to Beat on EarningsLife Time Group is expected to register a 21.6% increase in earnings for the to-be-reported quarter. LTH reported better-than-expected earnings in each of the trailing four quarters, the average surprise being 10.9%.
Marriott International, Inc. (MAR - Free Report) currently has an Earnings ESP of +1.88% and a Zacks Rank of 3.
Marriott’s earnings for the to-be-reported quarter are expected to increase 15.5%. MAR reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 1.5%.
Cinemark Holdings, Inc. (CNK - Free Report) currently has an Earnings ESP of +6.40% and a Zacks Rank of 3.
Cinemark’s earnings for the to-be-reported quarter are expected to increase 57.1%. CNK reported lower-than-expected earnings in each of the trailing four quarters, the average miss being negative 20.4%.
California Public Employees Retirement System grew its stake in shares of MGM Resorts International (NYSE:MGM – Free Report) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 424,481 shares of the company’s stock after purchasing an additional 25,266 shares during the quarter. California Public Employees Retirement System owned about 0.17% of MGM Resorts International worth $15,710,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in MGM Resorts International during the second quarter worth $25,000. Global Retirement Partners LLC lifted its stake in MGM Resorts International by 55.9% in the fourth quarter. Global Retirement Partners LLC now owns 784 shares of the company’s stock valued at $29,000 after acquiring an additional 281 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of MGM Resorts International in the 1st quarter valued at about $30,000. Elyxium Wealth LLC acquired a new position in shares of MGM Resorts International during the 4th quarter worth about $42,000. Finally, City Holding Co. bought a new stake in shares of MGM Resorts International in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 68.11% of the company’s stock.
MGM Resorts International Stock Performance Shares of MGM Resorts International stock opened at $44.98 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 1.93. MGM Resorts International has a 1-year low of $29.18 and a 1-year high of $51.59. The company has a market cap of $11.51 billion, a PE ratio of 62.47 and a beta of 1.29. The company has a 50 day moving average of $45.44 and a 200-day moving average of $39.57.
MGM Resorts International (NYSE:MGM – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.37 billion. MGM Resorts International had a net margin of 1.03% and a return on equity of 24.43%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 earnings per share. As a group, equities research analysts forecast that MGM Resorts International will post 1.97 earnings per share for the current fiscal year.
Insider Transactions at MGM Resorts International In related news, Director Daniel J. Taylor sold 6,675 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $38.44, for a total transaction of $256,587.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.38% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades MGM has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “hold” rating on shares of MGM Resorts International in a report on Thursday, July 2nd. Truist Financial upgraded MGM Resorts International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $55.00 in a research note on Wednesday, May 27th. KeyCorp upgraded MGM Resorts International from a “sector weight” rating to an “overweight” rating and set a $117.00 price target on the stock in a research note on Monday, April 27th. Barclays lifted their price objective on shares of MGM Resorts International from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $49.00 price objective (up from $48.00) on shares of MGM Resorts International in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, MGM Resorts International currently has a consensus rating of “Hold” and an average target price of $52.31.
Read Our Latest Report on MGM
MGM Resorts International Company Profile (Free Report)
MGM Resorts International is a leading global hospitality and entertainment company that develops, owns and operates destination resorts, hotels and casinos. Its properties feature integrated gaming floors alongside luxury accommodations, fine dining and retail outlets, live entertainment venues and convention facilities. The company also offers loyalty programs, sports betting and digital gaming experiences to enhance guest engagement and drive repeat visitation.
The company traces its heritage to the opening of the original MGM Grand Hotel & Casino on the Las Vegas Strip in 1973.
See Also Five stocks we like better than MGM Resorts International Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding MGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGM Resorts International (NYSE:MGM – Free Report).
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MGM Resorts (MGM - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis casino and resort operator is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of -21.5%.
Revenues are expected to be $4.47 billion, up 1.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.26% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for MGM?For MGM, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.32%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that MGM will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that MGM would post earnings of $0.56 per share when it actually produced earnings of $0.49, delivering a surprise of -12.50%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
MGM appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
NEW YORK, July 22, 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.
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.
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.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider PENN Entertainment?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. PENN Entertainment (PENN - Free Report) holds a #1 (Strong Buy) at the moment and its Most Accurate Estimate comes in at $0.39 a share 16 days away from its upcoming earnings release on August 6, 2026.
PENN has an Earnings ESP figure of +13.79%, which, as explained above, is calculated by taking the percentage difference between the $0.39 Most Accurate Estimate and the Zacks Consensus Estimate of $0.34. PENN Entertainment is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
PENN is part of a big group of Consumer Discretionary stocks that boast a positive ESP, and investors may want to take a look at MGM Resorts (MGM - Free Report) as well.
Slated to report earnings on July 29, 2026, MGM Resorts holds a #3 (Hold) ranking on the Zacks Rank, and its Most Accurate Estimate is $0.65 a share eight days from its next quarterly update.
MGM Resorts' Earnings ESP figure currently stands at +3.32% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.62.
PENN and MGM's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
NEW YORK, July 20, 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.
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.
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.
