MGM news

MGM Resorts reported 3Q2026 financial results, including a net loss of $17 million, despite regional operations increasing revenue 1% and MGM China achieving record results.

People Inc, formerly IAC, is formally named in an amendment to its voting agreement with MGM Resorts International and Barry Diller, dated October 27, 2026, regarding stock ownership.

MGM Resorts amends its voting agreement with People Incorporated and Barry Diller, effectively renaming the entity and updating the procedures for voting. This action reflects a corporate transition and ties significant stockholder influence to a specific entity, potentially signaling a strategic fo…

People Incorporated (formerly IAC), which owns 26.1% of MGM Resorts, submitted a non-binding proposal to acquire all remaining shares at $48.30 per share, representing a 24.1% premium to the 30-day VWAP. The proposal values the transaction at significant multiples above recent trading prices and sug…