MGM Resorts Stock Sinks After Diller Deal Collapse: Overreaction or Warning?
MGM Resorts International's stock has fallen sharply since Barry Diller's People Inc. withdrew its takeover offer, despite MGM reporting record second-quarter revenues. The article suggests Diller's withdrawal was due to financing and debt concerns, not issues with MGM's core business, highlighting that a private buyer recently paid a premium for Caesars Entertainment, indicating private market confidence in Strip assets. Analysts also note MGM is now trading significantly below even conservative price targets, suggesting an overreaction to the deal's collapse.
Envestnet Asset Management Inc. Raises Stake in Blue Owl Capital Corporation $OBDC
Envestnet Asset Management Inc. significantly increased its stake in Blue Owl Capital Corporation (OBDC) by 406.9% in the second quarter, bringing its total holdings to 489,975 shares valued at approximately $5.3 million. Other institutional investors also modified their holdings, with institutional ownership now at 42.83%. Blue Owl Capital reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, and analysts maintain a "Moderate Buy" rating with a $13 price target.
VICI Properties Confirms Current Rents on Caesars Regional Master Lease Ahead of $17.6 Billion Go-Private Deal
VICI Properties confirmed that Caesars Entertainment is current on its regional master lease rents, despite thin coverage, as Caesars prepares for a $17.6 billion go-private deal with Fertitta Entertainment. This deal may lead to the sale of underperforming regional assets, which could affect the master lease. Analysts like Mitch Germain maintain "market perform" ratings on VICI and GLPI, noting potential vulnerabilities due to thin lease coverage.
Caesars will skip its earnings call while a merger is pending
Caesars Entertainment, Inc. (NASDAQ: CZR) announced it will release its Q3 2026 financial results on October 27, 2026, but will not host an earnings call due to its pending merger with Fertitta Entertainment. Upon completion of this merger, Caesars' common stock will be delisted from NASDAQ, and the company will transition to a private entity. The merger, announced on May 28, 2026, will significantly change Caesars' corporate structure and public trading status.
VICI Provides Small Update on Caesars Regional Casino Master Lease Situation
A Citizens analyst reported that while Caesars' coverage of regional casino rent owed to VICI Properties is "thin," the casino operator is current on its obligations. This information comes after an analyst meeting with VICI management at the Global Gaming Expo (G2E). The potential acquisition of Caesars by Tilman Fertitta's Fertitta Entertainment Inc. could lead to the sale of some regional casinos to improve rent coverage.
Caesars Entertainment stock after-hours at EUR 26.33: plus 0.11 percent versus prior close
Caesars Entertainment's stock rose 0.11 percent after-hours to EUR 26.33, following a close of EUR 26.30 on October 1, 2026. The increase came after stockholders approved a merger proposal with Fertitta Gaming on September 22, 2026, which would convert eligible shares into USD 31.00 in cash if completed. The merger is subject to regulatory approval, including a Federal Trade Commission review.
Caesars Entertainment, Inc. to Release 2026 Third Quarter Results on October 27, 2026
Caesars Entertainment, Inc. announced it will release its third-quarter financial results after market close on October 27, 2026. Due to its pending merger with Fertitta Entertainment, Caesars will not host an earnings call, and its common stock will delist from NASDAQ to become a private entity upon merger completion. The company provided a brief overview of its operations and commitment to responsible gaming.
Caesars and MGM Chiefs Say They Will Stay Out of Prediction Markets
The CEOs of Caesars Entertainment and MGM Resorts International have announced their companies will not enter the prediction market business. They cited concerns that involvement in such markets could jeopardize their gaming licenses in various states, including Nevada, and noted that regulators have issued warnings. Both executives also expressed concerns about the lack of strong regulations in the prediction market industry, pointing to issues like minimum age requirements and potential conflicts of interest.
MGM CEO open to acquiring People Inc. after role-reversal talks
MGM Resorts International CEO Bill Hornbuckle has indicated that the casino company is open to acquiring People Inc., the publishing and holding company that recently attempted to take MGM private. This comes after People Inc. withdrew its acquisition proposal, with its chairman Barry Diller suggesting that a strategic transaction with MGM Resorts was still possible. The potential role-reversal follows reports that MGM is exploring an offer for People Inc., driven by depressed valuations and the belief that People Inc.'s lifestyle titles could complement MGM's hospitality business.
MGM CEO Signals Possible Acquisition Of Top Shareholder People Inc. As Casino M&A Accelerates: Report
MGM CEO Bill Hornbuckle has indicated that MGM Resorts International might consider acquiring People Inc., its largest shareholder, following People Inc.'s withdrawal of its own buyout offer for MGM. This development comes amid increased merger and acquisition activity in the casino industry, including Caesars Entertainment's move to go private via a $17.6 billion acquisition by Fertitta Entertainment. Gaming operators are also pushing forward with major international projects in the UAE and Japan.
MGM CEO open to acquiring People Inc. after role-reversal talks
MGM CEO Bill Hornbuckle has indicated that the casino company is open to acquiring People Inc., a role reversal after People Inc. withdrew its bid to take MGM private. People Inc. is MGM's largest shareholder, holding about 27% of its stock. The potential acquisition is based on the idea that People Inc.'s lifestyle brands, like Food & Wine, would integrate well with MGM's hotel and entertainment businesses, and capitalize on the undervalued stock prices of both companies.
Caesars Entertainment, Inc. (CZR) Options Chain
This article provides the options chain for Caesars Entertainment, Inc. (CZR), displaying both call and put options with their respective strike prices, last trade dates, last prices, and other relevant data. The information is delayed by 15 minutes and reflects trading activity up to September 30 at 4:00:01 p.m. EDT. The stock price for CZR is also shown, indicating a slight decline in pre-market trading.
People Incorporated Rescinds MGM Buyout Offer Over Details - Poker News
Barry Diller's People Incorporated has withdrawn its $18 billion offer to acquire MGM Resorts International, citing details of the current deal not aligning with their hopes. Despite rescinding the offer, People Incorporated maintains its 27% stake in MGM and expresses continued confidence in the company's future. Interestingly, a reversal could be in play, with reports suggesting MGM might consider purchasing People Incorporated instead.
LUKE COMBS' CATEGORY 10 AT FLAMINGO LAS VEGAS SET TO OPEN OCT. 15
Luke Combs' Category 10 Las Vegas is scheduled to open its doors on October 15 at Flamingo Las Vegas, featuring special performances, giveaways, and line dancing. The multi-level venue includes dining, bars, a retail area, and a rooftop with Strip views, offering a Combs-inspired menu and exclusive merchandise. Fans can enter a sweepstakes for a Las Vegas getaway package to celebrate the grand opening.
MGM CEO Signals Possible Acquisition Of Top Shareholder People Inc. As Casino M&A Accelerates: Report
MGM Resorts International's CEO, Bill Hornbuckle, has indicated that MGM might acquire its largest shareholder, People Inc., after People Inc. withdrew its earlier buyout offer for MGM. This development comes amidst an accelerating casino M&A landscape, including Caesars Entertainment's recent $17.6 billion take-private deal and ongoing international expansions by major gaming operators like MGM and Wynn Resorts. People Inc. holds a 27% stake in MGM and, despite withdrawing its offer, remains open to strategic transactions.
MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
MGM Resorts International CEO Bill Hornbuckle is considering acquiring Barry Diller's People Inc., a reversal after People Inc. withdrew its offer to buy MGM. Hornbuckle emphasized MGM's focus on shareholder value and undervalued assets, including BetMGM and its global casino operations. This potential deal comes amidst other significant movements in the casino industry, such as Caesars Entertainment's take-private transaction and Wynn Resorts' expansion in the UAE and focus on premium customers in Macao.
Las Vegas resort bosses dodge presidential politics during discussion on falling visitor numbers
During the Global Gaming Expo, CEOs from major Las Vegas resorts discussed declining visitor numbers but avoided attributing the drop to presidential politics. While executives cited factors like the COVID-19 pandemic, airfare costs, and a "complicated world," they refrained from mentioning President Donald Trump, despite a significant decline in Canadian visitation coinciding with his policies. Democratic lawmakers and labor leaders, however, have labeled the downturn the "Trump Slump," highlighting the impact of national policies on the local economy.
Return on invested capital % of Caesars Entertainment, Inc. – HAN:2ER
This page provides financial information for Caesars Entertainment, Inc. (2ER) on the Hannover Stock Exchange, specifically focusing on its return on invested capital percentage. It is part of TradingView's platform, offering market data, financial overviews, and other trading tools.
Nevada gaming win rises as properties outside the Las Vegas Strip outperform (MGM:NYSE)
Nevada's gaming win saw an overall increase in August, with properties outside the Las Vegas Strip showing stronger performance compared to the Strip itself. While the Las Vegas Strip experienced a modest 0.7% rise in gaming win year-over-year, its growth rate has slowed despite six months of increases. This suggests a shift in gaming revenue distribution within Nevada.
Resort CEOs to keep high-end hotel rates up despite visitor decline
Top executives from MGM Resorts International, Caesars Entertainment Inc., and Wynn Resorts Ltd. announced their intention to maintain high hotel rates despite a decline in visitation to Las Vegas. They believe the city remains an attractive destination due to numerous attractions like the Sphere and potential NBA presence, offering better value compared to other major cities. While acknowledging challenges such as higher airfares and geopolitical impacts on international tourism, they noted strong performance in luxury, convention, and gaming segments, with some companies expanding operations abroad.
G2E: Caesars, MGM bosses discuss M&A success and failure
At G2E, Caesars CEO Tom Reeg discussed the company's decision to go private via Fertitta Entertainment's acquisition, highlighting the benefit of a longer-term perspective away from quarterly pressures, despite an FTC second request for information. MGM Resorts CEO Bill Hornbuckle addressed their strategy to unlock shareholder value, clarifying that the company is not acquiring People Inc. and emphasizing the complexity of MGM's business parts. Both executives, along with Wynn Resorts CEO Craig Billings, touched on the significant M&A activities and valuations in the gaming industry.
Return on equity % of Caesars Entertainment, Inc. – HAN:2ER
This article provides financial information for Caesars Entertainment, Inc. (HAN:2ER) specifically focusing on its Return on Equity (ROE) percentage. It indicates that the market for this stock was closed with no trades. The content is primarily a data page from TradingView.
Long term debt to total equity ratio of Caesars Entertainment, Inc. – HAN:2ER
This article provides financial data for Caesars Entertainment, Inc. (HAN:2ER) on the TradingView platform, specifically focusing on its long-term debt to total equity ratio. It indicates that the market was closed at the time of access and no trades were made. The content is presented as a snapshot of financial information available on TradingView, along with various site navigation and copyright details.
ETFs Investing in Caesars Entertainment, Inc. Stocks
This article lists various ETFs that include Caesars Entertainment, Inc. (2ER) stocks in their holdings. The ETFs are sorted by market value and provide details such as issuer, management style, expense ratio, AUM, price, and 3-year NAV total return. The information helps investors identify funds offering diversified exposure to Caesars Entertainment through small-cap, mid-cap, large-cap, and total market strategies.
Q&A part 4: Churchill Downs’ Carstanjen on casino sell-off
Bill Carstanjen, CEO of Churchill Downs Inc., discusses the company's decision to sell nine casino properties. He explains that the move is part of a strategy to slim down and refocus on core assets like the Kentucky Derby, horse racing, and online business, especially given current pressures on public gaming companies. Carstanjen emphasizes the importance of protecting the Interstate Horseracing Act for funding purses and maintaining the industry's existing pari-mutuel wagering system.
Caesars Entertainment stock trades at USD 29.59 as FTC review extends
Caesars Entertainment (CZR) stock closed at USD 29.59, with its value impacted by an extended FTC review of the Fertitta transaction. The Federal Trade Commission requested additional information, extending the Hart-Scott-Rodino waiting period by 30 days. Despite Q2 revenue growth, adjusted EBITDA declined, making regulatory approval a key driver for the stock's valuation, especially as the proposed cash offer of USD 31.00 per share remains above the current market price.
VICI Properties: Priced For A Caesars Rent Cut The Math Doesn't Support (NYSE:VICI)
VICI Properties is currently trading at a low valuation with a high yield, despite recent positive guidance and dividend increases. The market appears to be overreacting to potential regional lease concerns with Caesars, but even a significant rent cut would have a manageable impact on VICI's AFFO and dividend coverage. The article argues that VICI is undervalued, offering an attractive margin of safety and potential for double-digit annualized returns due to its strong balance sheet and resilient rent coverage.
Boyd Gaming stock hits 52-week low at 69.81 USD
Boyd Gaming Corp's stock has fallen to a 52-week low of $69.81, representing a 19.6% decline over the past year. Despite its low P/E ratio and being identified as undervalued by InvestingPro, with the RSI suggesting it's oversold, the company recently missed revenue forecasts while slightly beating adjusted earnings expectations. Analysts have adjusted price targets, reflecting varied performance within the company and the broader casino industry.
Caesars Remote Roulette Debuts Live From Tropicana Atlantic City
Caesars Entertainment has launched Remote Roulette on its Caesars Palace Online Casino, streaming live from Tropicana Atlantic City. This new feature allows online players in New Jersey to place bets on the same roulette table as in-person casino guests, with outcomes shared in real-time. The game, powered by Evolution's Dual Play Roulette, expands Caesars' remote gameplay portfolio, which also includes Remote Reels for slot machines, demonstrating a commitment to connecting digital and physical casino experiences while promoting responsible gaming.
Caesars Entertainment stock trails USD 31.00 merger payout after vote
Caesars Entertainment shareholders have approved a merger with Fertitta Entertainment, which will provide a USD 31.00 cash payout per eligible share. Despite the approval, the stock closed at USD 29.59 on September 25, 2026, meaning it trades below the merger consideration. Regulatory review by the FTC is ongoing, extending the antitrust review period and making the closing timeline a key factor.
Caesars Entertainment acquisition not expected to impact Danville casino
Caesars Entertainment shareholders have approved a $17.6 billion acquisition by Fertitta Entertainment, but this deal is not expected to affect operations at Caesars Virginia in Danville. Local officials, including Danville Mayor Alonzo Jones, confirm that the city's existing agreement with Caesars remains solid. The Danville casino, which opened in December 2024, has been a significant revenue source for the city and is expected to continue operating under the Caesars Virginia name.
Caesars Entertainment stock closes at USD 29.59, down 0.10 percent at the close
Caesars Entertainment (CZR) stock closed at USD 29.59 on September 25, 2026, down 0.10 percent from its previous close. This price is USD 1.29 below its 52-week high, although shareholders recently approved a proposed USD 31 cash transaction with Fertitta Entertainment. The article also notes the resignation of two directors and a comparison to MGM Resorts' stock performance.
Shares In Barry Diller’s People Inc. Surge On Report Of Role-Reversal Acquisition Bid From MGM Resorts
Shares of Barry Diller's People Inc. surged 9% following a report that MGM Resorts is considering acquiring People Inc., a role reversal from People's earlier withdrawn $18 billion bid for MGM. The potential merger is seen as beneficial due to both companies' undervalued shares and the complementary nature of People's lifestyle magazines with MGM's hospitality offerings. People Inc. had previously rebranded from IAC, founded by Diller, and holds a 27% stake in MGM Resorts.
Caesars Entertainment stock gains 4.5 percent ahead of the open
Caesars Entertainment stock closed at USD 29.61 on September 24, 2026, representing a 4.5 percent discount to the USD 31 cash merger price following shareholder approval of Tilman Fertitta's acquisition. Despite the approval, the gap to the merger price reflects remaining regulatory and closing conditions. The stock's performance on September 25, 2026, is driven by this transaction-specific valuation spread.
Caesars Debuts Remote Roulette, Blending Online and Casino Gaming in New Jersey
Caesars Entertainment has launched Remote Roulette in New Jersey, allowing online gamblers to participate in live roulette games streamed from Tropicana Atlantic City. This system, powered by Evolution's Dual Play Roulette technology, connects online players with those on the casino floor, betting on the same physical wheel. The initiative aims to enhance the online casino experience by integrating it more closely with the live casino environment, building on the success of Caesars' iGaming operations in New Jersey.
Barry Diller withdraws MGM Resorts bid after Caesars buyout approval
Billionaire Barry Diller withdrew his nearly $20 billion bid to take MGM Resorts International private just one day after Caesars Entertainment's buyout was approved. Experts cited the difficult financing environment and Diller's use of debt as major hurdles for the failed acquisition. While MGM's stock saw a significant decline, its workforce is expected to remain stable, and Diller remains a substantial shareholder, suggesting potential future interest.
Caesars shareholders approve $17.6 billion Fertitta merger
Caesars Entertainment shareholders have approved a $17.6 billion merger agreement with Fertitta Gaming Holdco, LLC, which will take the casino giant private. The deal involves Fertitta Gaming paying $5.7 billion for Caesars and assuming nearly $12 billion in debt, giving them control over properties like Caesars Palace and the Flamingo. The merger still requires federal antitrust review and includes a daily compensation clause for shareholders if the closing extends beyond June 26, 2027.
Caesars shareholders approve acquisition by Fertitta Entertainment
Caesars Entertainment shareholders have approved Fertitta Entertainment's $17.6 billion acquisition of the company, advancing the plan to merge their resort, gaming, entertainment, and restaurant portfolios. While the majority of shareholders voted in favor, the deal still requires antitrust clearance from the Federal Trade Commission and approvals from gaming jurisdictions, which could take several more months. If finalized, the acquisition would take Caesars private and combine approximately 60 domestic casino resorts and gaming facilities, including Caesars' Las Vegas Strip properties, along with online sports betting platforms and over 550 Fertitta Entertainment outlets.
Caesars Entertainment offers great deals until Sept. 29
Caesars Entertainment is hosting a "Vegas 5-Day Sale" until September 29th, offering significant discounts on hotel stays, shows, restaurants, and attractions. Deals include up to 60% off resort stays, discounted tickets for various entertainment acts like Josh Groban and Jeff Dunham, and savings on attractions like the High Roller and Eiffel Tower Viewing Deck. Additionally, guests booking hotel stays at The Linq Hotel and Flamingo can receive a daily food and beverage credit, and daily breakfast is available at select Caesars Palace, Paris Las Vegas, and The Vanderpump Hotel locations.
MGM Resorts International Sinks 10% as Barry Diller Withdraws $48.30-a-Share Buyout Offer; Caesars Entertainment Barely Moves
MGM Resorts International shares dropped 10% after Barry Diller's People Inc. withdrew its $48.30-per-share buyout offer for the remaining public shares, causing the stock to be repriced without the takeover premium. Caesars Entertainment, a peer company, remained largely unaffected, indicating the plunge is specific to MGM and not sector-wide. Diller's statement leaves the door open for future strategic alternatives, but MGM's board confirmed it would continue as a standalone company.
MGM Resorts International Sinks 10% as Barry Diller Withdraws $48.30-a-Share Buyout Offer; Caesars Entertainment Barely Moves
MGM Resorts International's stock plummeted 10% after Barry Diller's People Inc. withdrew its $48.30-per-share buyout offer, removing the takeover premium. Caesars Entertainment remained largely unaffected, indicating the drop was specific to MGM. While Diller left the door open for future strategic alternatives, MGM's board confirmed it would operate as a standalone company.
Martha Stewart will appear at a $169-per-person cocktail reception during Las Vegas Grand Prix week
Caesars Entertainment is offering exclusive experiences for the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2026, including celebrity chef events and premium viewing packages. Martha Stewart will host a $169 cocktail reception, while other culinary figures like Gordon Ramsay, Giada De Laurentiis, Guy Savoy, and Rick Bayless will also participate in various high-end events. Guests can choose from multi-day viewing packages at The Vanderpump Hotel and Planet Hollywood Resort & Casino, with all experiences located within the track footprint.
State Street Corp Acquires 77,416 Shares of Wynn Resorts, Limited $WYNN
State Street Corp increased its stake in Wynn Resorts, Limited by 2.6% in the second quarter, acquiring an additional 77,416 shares to hold a total of 3.05 million shares valued at $295.9 million. Institutional investors now own 88.64% of WYNN, and analysts maintain a "Moderate Buy" rating with an average price target of $133.35, despite recent stock weakness. Wynn Resorts reported strong quarterly results, exceeding revenue and earnings estimates, and pays a quarterly dividend.
Caesars Entertainment Offers Guests More Exciting and Unique Ways to Celebrate the FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2026
Caesars Entertainment is enhancing the 2026 FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX experience with luxury accommodations, celebrity chef culinary events, and exclusive viewing opportunities. Guests can enjoy race action from locations like GIADA at The Vanderpump Hotel and Caramella Terrace at Planet Hollywood, along with unique dining experiences featuring chefs Gordon Ramsay, Martha Stewart, Guy Savoy, Giada De Laurentiis, and Rick Bayless. The offerings aim to provide world-class hospitality and immersive experiences for race attendees within the track footprint.
Caesars Entertainment stock heads into the open after closing at USD 29.61
Caesars Entertainment stock closed at USD 29.61 on Nasdaq on September 23, 2026, down 0.03 percent. This decline occurred as the Nasdaq Composite fell 1.13 percent. Shareholders had approved Tilman Fertitta's proposed USD 17.6 billion acquisition, with 133,313,001 votes in favor.
PENN Entertainment, Inc. (PENN) Stock Price, News, Quote & History
This article provides a comprehensive overview of PENN Entertainment, Inc. (PENN) stock, including its current price, historical performance, key financial metrics, and company profile. It details the company's operations across various segments like casinos, online sports betting, and iCasino offerings. The report also includes analyst insights, earnings trends, and performance comparisons against the S&P 500.
A Look Back at Consumer Discretionary - Casino Operator Stocks’ Q1 Earnings: Bally's (NYSE:BALY) Vs The Rest Of The Pack
This article reviews the Q1 earnings for consumer discretionary casino operator stocks, focusing on Bally's (NYSE:BALY) and its peers. While Bally's showed revenue growth, it significantly missed EPS estimates, leading to weak stock performance. Wynn Resorts had the strongest Q1 performance, beating both revenue and EPS estimates.
Billionaire Barry Diller ends his quest to acquire MGM Resorts
Billionaire investor Barry Diller has withdrawn his $18 billion offer to acquire MGM Resorts International. Diller's company, People Inc., which already owns 26 percent of MGM, had offered $48.30 per share for the remaining 74 percent. MGM Resorts announced the decision, with its chairman stating the company's intention to continue as a standalone entity, citing its strong market position and international growth.
A Look Back at Consumer Discretionary - Casino Operator Stocks’ Q1 Earnings: Bally's (NYSE:BALY) Vs The Rest Of The Pack
This article reviews the Q1 earnings performance of consumer discretionary casino operator stocks, highlighting Bally's (NYSE:BALY) as having the weakest performance relative to analyst estimates despite strong revenue growth, while Wynn Resorts (NASDAQ:WYNN) had the best quarter. It notes that the sector generally experienced a slower Q1 with revenues slightly beating estimates but share prices declining post-earnings. The piece also briefly touches on broader market concerns that have shifted from AI to geopolitics.
MGM Resorts buyout offer withdrawn after 4 months of negotiations
People Inc. has withdrawn its $18 billion bid to acquire MGM Resorts International after four months of negotiations. The media company, led by Barry Diller, stated that the timing was not right, even though People Inc. holds a significant 27% stake in MGM. MGM's Board Chairman, Paul Salem, emphasized the company's strong position and clear path to increasing shareholder value as a standalone entity.
