MGM Resorts Stays Independent After Diller’s Firm Drops $18 Billion Bid
MGM Resorts International will remain an independent company after Barry Diller's People Incorporated withdrew its $18 billion offer to take it private. Diller, who still holds a significant stake in MGM, cited that the "mix was not coming together as hoped" for the deal. This development comes as MGM's shares fell, and discussions are now emerging about a potential reverse deal where MGM might consider acquiring People Incorporated.
Scholastic Corporation (SCHL) latest stock news and headlines
This article provides a collection of recent news headlines regarding Scholastic Corporation (SCHL). The headlines cover topics such as the company's stock performance, its acquisition of Cottage Door Press, Q3 and Q1 earnings results, and analyst questions. Investors are presented with various perspectives on Scholastic's financial health and strategic moves.
Ulta Beauty tops consumer discretionary gainers in Q3; MGM Resorts declines (BBY:NYSE)
The consumer discretionary sector underperformed in Q3 despite improved consumer spending, shedding nearly 8%. Ulta Beauty and Best Buy were top performers, driven by strong earnings and resilient demand, while MGM Resorts and Rollins saw significant declines due to failed takeover rumors and weak earnings, respectively. Market skepticism regarding sustained consumer strength amidst high costs contributed to the sector's overall decline.
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.
The Cosmopolitan of Las Vegas to Unveil The Corner Store November 9
The Cosmopolitan of Las Vegas will open The Corner Store, a new culinary concept from Tilman Fertitta, Eugene Remm, and Catch Hospitality Group, on November 9. The restaurant, led by Chef Michael Vignola, will offer elevated American classics and an extensive beverage program. Reservations are now available for the West Coast debut of the SoHo sensation.
MGM Resorts International Stock: 7 Straight Red Days, Down 22%
Shares of MGM Resorts International (MGM) have experienced a significant decline, falling 21.7% over seven consecutive trading days, erasing $2.1 billion from its market value. This stock-specific slide contrasts with the broader S&P 500, which only lost 1.2% in the same period. The article suggests that while the fundamentals are mixed, such losing streaks highlight the importance of analytical decision-making over emotional responses for investors.
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.
Macau gaming revenue weakens in September (MLCO:NASDAQ)
Macau's gross gaming revenue decreased by 1.2% year over year in September, totaling 18.1 billion patacas ($2.24 billion). This figure fell short of the consensus expectation for 2.2% growth and was 17.5% below the previous month's revenue. The decline indicates a weaker performance than anticipated in the region's gaming sector.
MGM Resorts May Make A Bid For People, Inc. 10/01/2026
MGM Resorts, previously a target for acquisition by Barry Diller’s People Inc., is now reportedly considering making a bid to acquire People Inc. People Inc. has a market value of approximately $2.7 billion, while MGM Resorts is valued at about $8.5 billion. People Inc. still holds a 27% stake in MGM Resorts.
MGM Resorts International Stock: 6 Straight Red Days, Down 20%
Shares of MGM Resorts International (MGM) have experienced a significant decline, falling 20.2% over six consecutive trading days and erasing $2.0 billion from its market value. The stock's performance is largely isolated from the broader S&P 500, which only declined 1.4% during the same period. While revenue growth is below the sector median, a mixed fundamental read suggests the importance of diversification and careful analysis for investors considering "buy the dip" opportunities.
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.
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.
MGM Resorts International Stock: 5 Straight Red Days, Down 19%
MGM Resorts International (MGM) stock has experienced a significant downturn, losing 19% of its market value over five straight trading days, amounting to about $1.9 billion. While the S&P 500 saw a minor dip during the same period, MGM's decline is attributed to company-specific factors, including below-median revenue growth and operating margins compared to its peers, despite a strong free cash flow yield. The article advises investors to re-evaluate the company's fundamentals at this new price and consider diversified portfolios or "buy the dip" strategies for potentially undervalued stocks.
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.
Enterprise value to EBITDA ratio of MGM Resorts International – HAN:MGG
The article focuses on the enterprise value to EBITDA ratio for MGM Resorts International (HAN:MGG). It indicates that the market was closed at the time of publication and no trades were recorded. The content is primarily a data page provided by TradingView, detailing financial information for the company.
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.
People Incorporated Scraps MGM Buyout Bid
People Incorporated has withdrawn its proposal to acquire MGM Resorts, ending a potential $18 billion-plus deal. This decision means MGM Resorts will continue to operate independently, with no immediate changes to MGM Grand Detroit or its 50% stake in BetMGM. People Incorporated, however, remains a significant shareholder in MGM Resorts.
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.
MGM Resorts could make a proposal to acquire People Inc.
MGM Resorts International is reportedly considering making a bid to acquire People Inc. This development follows People Inc.'s withdrawal of its own proposal to acquire MGM. A potential deal could allow MGM to repurchase a significant portion of its shares while acquiring other assets at an attractive price.
MGM Resorts International Announces Third Quarter Earnings Release Date
MGM Resorts International (NYSE: MGM) will release its third-quarter 2026 financial results after market close on Wednesday, October 28, 2026. The company will host a conference call at 5:00 p.m. Eastern Time, followed by a question and answer session. Supplemental slides will be available on MGM's Investor Relations website before the call.
MGM Resorts will discuss third-quarter results on Oct. 28 at 5 p.m. Eastern.
MGM Resorts International (MGM) is scheduled to release its third-quarter 2026 financial results after the market closes on October 28, 2026. A conference call will follow at 5:00 p.m. Eastern Time for a discussion of the results and a Q&A session. Supplemental slides will be available on the company's investor relations website before the call.
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.
Pennsylvania Gaming Board fines MGM Resorts and CountR over licensing breaches
The Pennsylvania Gaming Control Board has issued fines against MGM Resorts International and German-based CountR GmbH for licensing violations. MGM Resorts was fined $50,250 for failing to timely file a Principal Licensing application, while CountR GmbH was fined $50,000 for an unapproved change of control of its license and failure to pay licensing fees. Additionally, the board placed 10 individuals on its Involuntary Exclusion Lists, including one adult who left a 5-year-old unattended in a casino parking garage.
MGM Wants to Buy People Inc. : Did Barry Diller Anticipate This Outcome?
After Barry Diller's People Inc. withdrew its offer to acquire MGM, reports indicate that MGM is now considering making an offer for People Inc. The author suggests that Barry Diller might be willing to sell People Inc. if the price is right, given his history of spinning off companies. Such an acquisition would allow MGM to effectively buy back a significant portion of its own shares while also gaining valuable assets from People Inc.
Seaport: Diller Could Make Another Run at Casino Giant MGM
An analyst from Seaport Research Partners believes that Barry Diller's People Inc. could launch another takeover bid for MGM Resorts International despite withdrawing its initial offer. The analyst anticipates People will continue to increase its stake in MGM, noting that MGM's shares currently trade at a significant discount when its interests in MGM China and BetMGM are excluded. There is also speculation that MGM might consider acquiring People Inc., adding complexity to the situation.
EXCLUSIVE: The Robot Arms Race Has A New Battlefield — Casinos
MBody AI (NASDAQ: MBAI) CEO John Fowler identifies casinos, resorts, and convention centers as a significant, yet challenging, new frontier for automation, moving beyond the more predictable warehouse environments. The company successfully piloted its autonomous cleaning robots at Mohegan Sun, demonstrating their reliability in complex, high-traffic settings. MBody AI aims to leverage its Orchestrator platform to standardize and scale these automation solutions, with healthcare being its next target sector.
People Inc shares jump 10% on news MGM Resorts may bid for the company
Shares of People Incorporated rose 10% following reports that MGM Resorts International is considering a takeover bid for the media company. This comes after People Inc withdrew its offer to acquire MGM shares. People Inc currently holds 27% of MGM, making it the largest shareholder.
New report suggests MGM could bid for People Inc instead, after Diller rescinds offer
MGM Resorts may be considering a takeover bid for People Inc, reversing the roles after Barry Diller's People Inc rescinded its $18 billion offer to acquire the remaining shares of MGM it didn't already own. This potential switch has seen People Inc's shares rise by 10% this week, while MGM's shares have declined by almost 15%. Analysts remain bullish on MGM, suggesting that borrowing costs and regulatory hurdles, rather than company issues, likely caused Diller's withdrawal.
Wynn Resorts stock trades at USD 81.23, up 1.30 percent in New York trading
Wynn Resorts stock rose 1.30 percent to USD 81.23 in New York trading, outperforming the Nasdaq Composite's 0.70 percent gain. The company's stock traded above its 52-week low but well below its 52-week high, with UBS maintaining a "Buy" rating despite lowering its price target. Recent developments include a USD 900 million senior notes issue and broader sector pressure affecting other casino operators.
Boyd Gaming Loses Big On Land Sale To Homebuilders - Poker News
Boyd Gaming sold the former Eastside Cannery Casino site in Las Vegas for $28.8 million, incurring a $16.2 million loss after purchasing it for $45 million in 2025. The 29.5-acre property will be developed into a subdivision of 279 single-family homes. This sale is part of a trend of recent land and casino deals in Las Vegas, including MGM Resorts' "asset-light" strategy and the reopening of Club Fortune Casino North.
Hilton, Hyatt, Wyndham, and Accor CEOs Speak at Skift Global Forum
CEOs from Hilton, Hyatt, Wyndham, and Accor discussed key industry topics at the Skift Global Forum in New York City. Discussions focused on owner margins, loyalty program growth, technology investments, and the impact of AI. Specific updates included Hilton's Project Rise, Wyndham's Gen Z revenue growth and Echo Suites success, and Hyatt's reduction in PMS costs for owners.
People Incorporated advances 11% amid MGM takeover speculation (PPLI:NASDAQ)
Shares of People Incorporated (PPLI) gained over 11% on Friday, closing at $40.05, driven by renewed speculation regarding a potential takeover by MGM. This speculation arose despite People Incorporated previously withdrawing its takeover offer for MGM, with the current buzz suggesting MGM might be interested in acquiring People Incorporated or exploring other strategic alternatives. The company's significant stake in MGM further contributes to the optionality and potential for future deals.
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.
Transcript : International Business Machines Corporation Presents at Citi?s 2026 Global TMT Conference, Sep-09-2026 10:50 AM
This article is a transcript of International Business Machines Corporation's presentation at Citi's 2026 Global TMT Conference, which took place on September 9, 2026, at 10:50 AM. The content, published on September 25, 2026, at 10:12 AM EDT, features Fatima Boolani, an analyst, initiating the presentation. The full transcript is available to subscribers.
Exclusive | MGM Resorts Eyeing Bid for Barry Diller’s People Incorporated
MGM Resorts is reportedly considering a bid to acquire Barry Diller’s People Incorporated, which holds a significant 27% stake in MGM. This development follows People Incorporated's recent withdrawal of its own offer to purchase MGM. A proposal from MGM could be made in the coming days, though plans are still subject to change.
MGM Resorts weighs potential takeover bid for Barry Diller’s People Inc., WSJ says
MGM Resorts International is reportedly considering a takeover bid for Barry Diller's People Incorporated, just one day after People withdrew its own offer to acquire MGM. People Inc. currently holds a significant 27% stake in MGM. Analysts suggest the potential acquisition could allow MGM to execute a large share buyback and acquire People's assets at an attractive valuation, addressing the "conglomerate discount" affecting People's stock.
People Inc. drops bid to acquire MGM Resorts
People Inc. has withdrawn its proposal to acquire MGM Resorts International, which valued the resort operator at over $18 billion. People Inc. owner Barry Diller stated that negotiations did not play out as hoped, though People Inc. retains its 27% stake in MGM and remains open to future strategic transactions. MGM's board expressed excitement about continuing as a standalone company, highlighting its strong position in Las Vegas, regional properties, and BetMGM's momentum.
MGM, People Inc. Switch Places In Merger Talks. People Inc. Soars.
MGM Resorts is now exploring a bid to acquire People Inc., reversing their previous roles in ongoing merger talks, according to The Wall Street Journal. Following this news, People Inc. (PPLI) stock surged by approximately 10%.
People Inc. Shares Rise 9% as MGM Weighs Bid for Its Largest Shareholder
Shares of People Inc. increased by 9% after The Wall Street Journal reported that MGM Resorts is considering an offer for People, its largest shareholder. This development follows People's withdrawal of its own proposal to acquire the MGM shares it didn't already own. The potential transaction's structure, price, and scope remain uncertain.
Akamai Technologies, Inc. Stock Analysis: Key Catalysts and Trends Sept 2026
Akamai Technologies (AKAM) stock fell 6.78% to $110.41 despite bullish news surrounding an $11.6 billion Anthropic deal and analyst target upgrades. The article highlights a conflict between the daily chart, which shows the stock at a critical decision point near its 200-day EMA, and the hourly chart, which confirms a short-term downtrend. Investors are left with uncertainty as technical weakness clashes with strong fundamental catalysts.
Is Three MICHELIN Keys Altering The Investment Case For Melco Resorts And Entertainment (MLCO)?
Melco Resorts & Entertainment's Morpheus at City of Dreams was awarded Three MICHELIN Keys, making it the first in Macau to achieve this. Concurrently, the company announced a new US$500 million share repurchase authorization over three years, signaling a focus on capital returns. While the MICHELIN recognition reinforces its premium positioning, the article notes that it doesn't immediately alter the earnings outlook, with Macau visitation and debt levels remaining key factors.
Barry Diller's People Inc. withdraws bid for owner of MGM National Harbor
Barry Diller's company, People Inc., has withdrawn its $18 billion bid, including debt, to acquire MGM Resorts. MGM Resorts operates the MGM National Harbor in Prince George's. This development follows previous reports of MGM National Harbor's operator being in talks to sell and changes to its parking policy.
MGM Resorts International's Board of Directors Confirms Commitment to Execution of MGM Resorts' Strategy as a Standalone Company
MGM Resorts International announced that People Incorporated has withdrawn its proposal to acquire the remaining outstanding shares of MGM Resorts. The Board of Directors confirmed MGM Resorts will continue as a standalone company, highlighting its strong position in Las Vegas, the momentum of BetMGM, and its international portfolio including MGM China and the development of MGM Osaka as key drivers for future shareholder value.
