Recent Updates — MGM

MGM Resorts International reported a net loss attributable to shareholders of $17 million, or $0.07 per diluted share, for the quarter ended September 30, 2026, compared to a $285 million loss in the prior year period. Consolidated revenue decreased 1% to $4.2 billion, while Adjusted EBITDA fell 20% to $403 million. Las Vegas Strip Resorts revenue declined 2% to $2.0 billion due to lower room rates, whereas MGM China achieved record quarterly revenue of $1.1 billion with a 5% increase. The company also reported $34 million in distributions and fees from its BetMGM North America Venture. MGM Resorts International operates global integrated resorts featuring hotels, casinos, entertainment, and digital gaming platforms.

MGM Resorts International amended its Voting Agreement with People Incorporated and Barry Diller, the company's largest shareholder, after People withdrew its previously announced proposal to acquire MGM. Under the amendment, People agreed not to increase its beneficial ownership above 29.9% and will vote shares exceeding 25.73% in line with the Board on non-change-of-control matters. In a change of control scenario, People will follow the Board's recommendation provided specific conditions are met, including director participation on transaction committees and equal treatment for their equity. MGM agreed not to implement defensive measures adverse to People while they remain in compliance. The agreement does not obligate either party to pursue a transaction. MGM Resorts International is an S&P 500 global gaming and entertainment company operating hotels, casinos, and sports betting platforms.

MGM Resorts International reported financial results for the quarter ended June 30, 2026. Consolidated revenue reached $4.5 billion, a 1% increase year-over-year, while net income attributable to MGM Resorts rose to $292 million from $49 million in the prior year period. Diluted earnings per share were $1.11 compared to $0.18 previously. Las Vegas Strip Resorts revenue grew 3% to $2.2 billion with Segment Adjusted EBITDAR increasing 3% to $735 million. Regional Operations reported a 4% revenue decline to $924 million, though same-store revenue increased 3%. MGM China revenue remained flat at $1.1 billion, but Segment Adjusted EBITDAR decreased 15% to $257 million due to higher intercompany branding license fees. MGM Digital revenue grew 20% to $196 million. The company repurchased approximately 4 million shares for $164 million during the quarter. MGM Resorts International operates as a global gaming and entertainment company with hotel, casino, and digital betting destinations.