Boyd Gaming Reportedly Eyes Bally’s Troubled Tropicana Vegas Redevelopment
Boyd Gaming has reportedly emerged as a potential buyer for Bally's struggling Tropicana redevelopment site in Las Vegas, a project facing significant financial and construction challenges. This news follows Bally's recent solvency warning in an SEC filing and a re-phasing of the Tropicana project by Clark County, indicating a complex deal involving union agreements and revenue-sharing. While Bally's denies sale rumors, the timing aligns with their financial difficulties, suggesting a possible asset sale to avoid default.
MGM Resorts Employees Help Direct $4.6M in Grants to Nonprofits
The MGM Resorts Foundation has awarded over $4.6 million in grants to 211 nonprofit organizations across eight US states. These grants, funded by employee and guest contributions, support various community services including children's welfare and health, with employee-led councils playing a key role in selecting recipients. Several organizations, like Shoes That Fit and Gamers Outreach, received funding in multiple regions due to their broad impact.
BetMGM Brings Authentic Live Dealer Gaming from Las Vegas to Alberta
BetMGM has launched live dealer casino games in Alberta, Canada, streamed directly from MGM Resorts International casinos in Las Vegas. This offering includes blackjack, roulette, and baccarat with professional dealers, providing an authentic casino experience for online players. Alberta is one of the few regulated markets where live dealer content can be broadcast from Las Vegas, enhancing player immersion through real-time interaction and "Dual Play" tables where online and in-person players participate simultaneously.
Truist Analyst: Las Vegas Strip Room-Rate Recovery Choppy but Gaining Ground
Truist Securities analyst Barry Jonas reports a "choppy" but encouraging recovery in Las Vegas Strip hotel room rates during Q3, with a gradual rather than sudden rebound. Wynn Resorts outperformed, while Caesars Entertainment and MGM Resorts International faced uneven fundamentals, though October showed a promising turnaround across operators and price tiers. The locals market remains solid despite some rate deceleration.
MGM Resorts Foundation contributes more than $4.6 million to 211 local nonprofits
The MGM Resorts Foundation has awarded over $4.6 million in grants to 211 nonprofit organizations across seven states and the D.C. area. These grants are funded by contributions from MGM Resorts employees and guests, with employee volunteers also playing a key role in evaluating grant applications. The initiative underscores the company's commitment to supporting communities where its employees live and work, with two children-focused charities receiving multi-regional funding.
Caesars Casino Bonus Code ROTOCASLAUNCH (August 2026): $1k & 2.5K Rewards Credits
The Caesars Casino bonus code ROTOCASLAUNCH for August 2026 offers new players a $10 no-deposit bonus, a 100% deposit match up to $1,000, and 2,500 Caesars Rewards Credits. This promotion is available in Michigan, New Jersey, West Virginia, and Pennsylvania, providing both immediate play and long-term value through the integrated Caesars Rewards program. The welcome offer is highlighted for its low minimum deposit, high match cap, and straightforward slot-only wagering requirements.
MGM Resorts Employees Give $4.6M to Local Charities Where They Work and Live
MGM Resorts and its employees have contributed over $4.6 million to 211 nonprofit organizations in communities where MGM operates casinos. The majority of this funding comes from employee contributions through the company's workplace giving program, supporting causes such as affordable housing, health, and veterans' services. The MGM Resorts Foundation covers all administrative costs, ensuring that 100% of employee donations reach the intended charities.
Las Vegas room-price momentum slow but promising, analyst says
A Truist Securities analyst, Barry Jonas, noted that Las Vegas Strip room rates in the third quarter are "choppy" but show an encouraging positive trajectory, suggesting a gradual recovery. While Wynn Resorts outperforms, Caesars Entertainment and MGM Resorts International face "uneven market fundamentals," with their room rates down year-over-year. Despite month-to-month volatility, particularly in August and September, October shows promise for rate increases, partly attributed to the Las Vegas Raiders' home games.
Main Street Financial Solutions LLC Acquires New Holdings in MGM Resorts International $MGM
Main Street Financial Solutions LLC has acquired a new stake of 55,801 shares, valued at approximately $2.67 million, in MGM Resorts International during the second quarter. This move comes as institutional investors collectively own 68.11% of MGM's outstanding stock, and analysts maintain a "Moderate Buy" rating with an average price target of $53.37. MGM also recently surpassed quarterly earnings expectations, reporting an adjusted EPS of $0.59 and revenue of $4.45 billion.
Caesars Entertainment (NASDAQ:CZR) Downgraded to Strong Sell Rating by Zacks Research
Zacks Research has downgraded Caesars Entertainment (NASDAQ:CZR) from a "hold" to a "strong sell" rating. Other analysts have also adjusted their ratings, with a consensus "Hold" rating and an average price target of $30.71. The company's stock is currently trading at $29.63, and recent insider selling has also been noted.
MGM Investor Reminder: MGM Resorts Investigation over
Bleichmar Fonti & Auld LLP (BFA Law) is investigating Barry Diller's $48.30 per share offer to acquire MGM Resorts International (NYSE:MGM). The investigation focuses on potential breaches of fiduciary duty due to Diller's dual role as an MGM director and controller of People, Inc., MGM's largest stockholder. BFA Law is encouraging current MGM shareholders to contact the firm to discuss their legal options, as such conflicts of interest require strict compliance with Delaware law to ensure fairness to all stockholders.
MGM Resorts International stock underperforms Tuesday when compared to competitors
MGM Resorts International stock fell 1.05% on Tuesday, closing at $43.32, marking its second consecutive day of losses. This underperformance occurred on a generally poor trading day where the S&P 500 Index and Dow Jones Industrial Average also saw declines.
Bally’s Stock Down 35%; Company Employs 1,800 in RI and Generates $350M to State — Block Says State House Failed to Protect RI When It Relaxed Safeguards
Bally's Corporation's stock has plummeted 35% following disclosures of financial problems that raise doubts about its ability to continue operations. The company, a major employer in Rhode Island with 1,800 employees and a contributor of $350 million to the state in 2025, received relaxed financial safeguards from the General Assembly in 2024. Independent gubernatorial candidate Ken Block criticized this legislative decision, arguing it failed to protect Rhode Island's interests.
MGM Resorts stock holds steady after Q2 2026 earnings beat
MGM Resorts International's stock is holding steady in the low-$40s range after the company reported Q2 2026 results that surpassed revenue and EPS expectations. The company highlighted strong demand from its Las Vegas properties and its philanthropic efforts. Despite the earnings beat, the stock experienced a modest post-earnings pullback, suggesting investors may be evaluating medium-term growth prospects.
The MGM Resorts Foundation Awards More Than $4.6M to Local Charities
The MGM Resorts Foundation has awarded over $4.6 million in grants to 211 nonprofit organizations across several states and the Washington D.C. area. These grants, funded by employee and guest contributions, support local needs. The Foundation's Community Grant Councils, comprised of employee volunteers, play a key role in identifying and selecting recipient organizations.
Live Casino Wins in iGaming According to MGM Resorts and Playtech
MGM Resorts International and Playtech are finding success in the iGaming live casino market, particularly in Ontario, by focusing on localization and customizing their offerings. They broadcast live dealer games from MGM casinos in Las Vegas to international markets, including Ontario, emphasizing the importance of matching content and language to regional preferences. This strategy not only drives player acquisition and retention but also strengthens MGM's omnichannel presence by keeping Las Vegas top of mind for online players.
The MGM Resorts Foundation Awards More Than $4.6M to Local Charities
The MGM Resorts Foundation has awarded over $4.6 million in grants to 211 nonprofit organizations in communities where MGM Resorts employees live and work. These grants, fueled by employee and guest contributions, support various local needs across several states and the greater Washington, D.C., area. The Foundation's Community Grant Councils, composed of employee volunteers, play a key role in identifying organizations that create meaningful local impact.
JONAS BROTHERS BRING THE BURNING UP TOUR ALL OVER AGAIN TO MGM GRAND GARDEN ARENA NOVEMBER 28, 2026
The Jonas Brothers announced "The Burning Up Tour All Over Again," a 45-city North American tour, after overwhelming demand for their Madison Square Garden shows. The tour, promoted by Live Nation, will stop at the MGM Grand Garden Arena in Las Vegas on November 28, 2026, with tickets going on sale August 21. This announcement follows a significant week for the band, including an NFL halftime performance announcement, the premiere of Camp Rock 3, and their induction as Disney Legends.
Caesars Entertainment (NASDAQ:CZR) CMO Josh Jones Sells 59,507 Shares of Stock
Caesars Entertainment's CMO Josh Jones sold 59,507 shares of the company's stock for approximately $1.77 million on August 14th. The company's shares are trading near their 52-week high, despite missing earnings expectations with a quarterly loss of $0.30 per share. Analysts generally rate CZR as a "Hold" with an average price target of $30.71.
Bally’s insists $1.7B Chicago casino project is safe despite financial headwinds
Bally’s Corporation has issued a going concern warning to investors, but asserts that its $1.7 billion Chicago casino project remains fully funded and unrelated to the financial concerns. The company has paused much of the construction on the casino resort, citing a dispute with the Chicago City Council over the legalization of video gambling terminals, which Bally's argues violates their agreement for exclusivity. Despite the slowdown and the council's insistence on completing the entire complex, Bally's maintains its intent to finish the project and has scheduled a meeting with city officials to resolve the issue.
MGM Looks 4.3% Undervalued on GF Value™ as Shares Slip Post-Earnings
MGM Resorts International shares slipped post-earnings, trading 4.3% below its GF Value™ of $45.69, suggesting a modest undervaluation despite a strong GF Score™ of 82/100. Mixed analyst ratings, with Argus reaffirming a Buy and Morgan Stanley issuing an underweight, along with insider net selling, create a complex outlook for investors. The company's strong operational performance and momentum are tempered by concerns over its financial strength, including high debt and a low Altman Z-score.
Vail Resorts Appoints MGM Resorts International CEO to Board of Directors
Vail Resorts, Inc. has appointed Bill Hornbuckle, President and CEO of MGM Resorts International, to its Board of Directors. Hornbuckle brings over 35 years of experience in hospitality, resort operations, and integrated resort management, and will contribute to Vail Resorts' "Epic Experience" initiative. His appointment expands the board to 10 members, leveraging his expertise in guest loyalty and service enhancement for the company's growth.
Bally’s Drops 31% After Liquidity Warning Lands Against $4.5B of Debt
Bally's (BALY) stock plunged 31% after the casino operator issued a "going concern" warning in its second-quarter SEC filing, indicating substantial doubt about its ability to continue operations due to $4.51 billion in long-term debt against a market capitalization of approximately $500 million. The company is actively pursuing financing alternatives and has paused construction on its Chicago casino, leading to a dispute with the city. Casino peers Caesars and MGM saw minimal impact, suggesting the crisis is specific to Bally's balance sheet.
Argus Increases MGM Resorts International (NYSE:MGM) Price Target to $55.00
Argus has raised its price target for MGM Resorts International (NYSE:MGM) to $55.00 from $45.00, maintaining a "buy" rating and implying a 25.83% upside. This comes as MGM reported strong quarterly earnings of $0.59 EPS on $4.45 billion revenue, both exceeding analyst estimates. Other analysts also have generally positive outlooks, with a consensus "Moderate Buy" rating and an average price target of $53.37.
Argus raises MGM Resorts stock price target on Macau recovery By Investing.com
Argus has increased its price target for MGM Resorts International (NYSE:MGM) to $55 from $45, while maintaining a Buy rating, citing the recovery of Macau visitation following the World Cup. The company's shares have gained 22% over the past year, outperforming the S&P 500 and the Consumer Discretionary ETF. MGM is expected to report Q3 earnings on October 29, with an anticipated 4% increase in EPS and a 2% rise in revenue.
Wilkinson Global Asset Management LLC Acquires Shares of 4,174 Ross Stores, Inc. $ROST
Wilkinson Global Asset Management LLC recently acquired 4,174 shares of Ross Stores, Inc. (NASDAQ:ROST) valued at approximately $888,000 during the second quarter. This move is part of broader institutional interest, with 86.86% of the stock owned by hedge funds and institutional investors. Analysts maintain a "Moderate Buy" consensus for Ross Stores, which recently exceeded earnings expectations with $2.02 EPS and $6.01 billion in revenue, alongside offering a quarterly dividend.
People Inc. Targets MGM Deal, Buybacks as It Seeks Sales of Non-Core Assets
People Inc. (NASDAQ:PPLI) is focusing its capital on its MGM minority stake and its People media business, while divesting non-core assets like Vivian Health, The Daily Beast, and Turo. The company aims to use proceeds from these sales for share buybacks and potential acquisitions related to its core businesses. People Inc. has already submitted an offer for MGM's remaining stake and is shifting its digital strategy away from Google Search towards licensing, affiliate commerce, and direct-to-consumer offerings to drive growth and expand EBITDA margins.
MGM Resorts (MGM) Stock Gets Fair Value Bump As Analysts Weigh Take Private Bid
The fair value estimate for MGM Resorts International (MGM) has increased slightly to US$50.57, while analysts are providing diverse price targets, mostly in the low to mid US$40s and US$50s. This adjustment comes as analysts consider the proposed US$48.30 per share take-private offer from People Incorporated, with views split on execution risk, growth options, and the offer's impact. Bullish analysts highlight strong Las Vegas Strip trends and potential from MGM Osaka, while bearish views cite mixed signals for Las Vegas and Macau, leading to a more cautious stance on the stock.
Todd Asset Management LLC Sells 85,126 Shares of MGM Resorts International $MGM
Todd Asset Management LLC reduced its stake in MGM Resorts International by 12.4%, selling 85,126 shares but still holding 599,485 shares valued at $28.7 million. Despite this, institutional ownership of MGM remains high at 68.11%, and analysts maintain a "Moderate Buy" consensus with an average price target of $52.49. MGM recently exceeded earnings estimates, reporting an EPS of $0.59 and a 2.2% increase in revenue to $4.45 billion.
Qsemble Capital Management LP Has $378,000 Stock Position in MGM Resorts International $MGM
Qsemble Capital Management LP significantly reduced its stake in MGM Resorts International by 90% in the second quarter, selling 71,144 shares and retaining 7,902 shares valued at $378,000. Despite this reduction, institutional ownership in MGM remains high at 68.11%, with several other firms increasing their positions. Analysts maintain a "Moderate Buy" rating for MGM, with an average price target of $52.49, following the company's recent earnings beat.
Oppenheimer & Co. Inc. Sells 24,167 Shares of MGM Resorts International $MGM
Oppenheimer & Co. Inc. significantly reduced its stake in MGM Resorts International by selling 24,167 shares, decreasing its holdings by 50.4%. This transaction leaves the firm with 23,790 shares valued at $1,137,000. Other institutional investors have adjusted their positions in MGM, with some increasing and others initiating new stakes.
Assenagon Asset Management S.A. Has $1.78 Million Stake in MGM Resorts International $MGM
Assenagon Asset Management S.A. significantly reduced its stake in MGM Resorts International by 82.7% in the second quarter, now holding 37,188 shares valued at approximately $1.78 million. Despite this, institutional investors collectively own a substantial 68.11% of MGM, and analysts maintain a "Moderate Buy" rating with an average price target of $52.49. MGM recently exceeded earnings expectations, reporting adjusted EPS of $0.59 and revenue of $4.45 billion.
VICI Properties L.P. completes $1.75 billion notes offering to refinance debt
VICI Properties L.P. has successfully completed a $1.75 billion notes offering, consisting of $900 million in 5.400% notes due 2031 and $850 million in 5.750% notes due 2036. The proceeds will be used to refinance existing debt, including senior notes due in September and December 2026. Despite recent mixed financial results, VICI Properties, a specialized REIT, appears undervalued according to InvestingPro analysis and has slightly increased its full-year AFFO outlook.
MGM Resorts International (MGM) Draws Bid Scrutiny, Is The Upside Already Priced In?
MGM Resorts International (MGM) is under scrutiny after an investigation was launched into Barry Diller’s unsolicited bid and potential conflicts of interest. Despite a recent share price dip, the company has seen strong longer-term returns, with its fair value estimated at $50.57 based on future international resort developments. However, a high P/E ratio and significant project spend pose potential valuation risks, urging investors to stress test the numbers.
A Look Back at Consumer Discretionary - Casino Operator Stocks’ Q2 Earnings: MGM Resorts (NYSE:MGM) Vs The Rest Of The Pack
This article reviews the Q2 earnings season for consumer discretionary casino operator stocks, highlighting the performance of MGM Resorts and its peers. It details the financial results of key companies like MGM Resorts, Wynn Resorts, Caesars Entertainment, Red Rock Resorts, and Monarch, noting revenue changes, analyst expectation beats or misses, and market reactions. The sector faces challenges from economic conditions and regulatory requirements but also benefits from travel demand and expansion into new gaming jurisdictions.
Is MGM Stock a Buy at 0.67X Sales Despite Growth and Execution Risks?
MGM Resorts International (MGM) is trading at a significant discount based on its forward 12-month sales multiple, which is considerably lower than its industry peers and historical average. While this valuation suggests a potential opportunity, the company faces growth and execution risks, including projected earnings decline in 2026 before a rebound in 2027, uneven leisure demand, and substantial investment commitments like the MGM Osaka project. Despite these challenges and a "Hold" rating from Zacks, the strong value and momentum grades indicate that the discounted valuation presents a mixed profile, suggesting that investors might benefit from waiting for clearer earnings leverage before buying.
MGM's $546M Northfield Sale Boosts Buyback and Liquidity Flexibility
MGM Resorts International completed the sale of MGM Northfield Park's operations for $546 million, significantly boosting its liquidity and reducing annual cash rent by $53 million. This added financial flexibility allows MGM to balance ongoing share repurchases with substantial development spending, particularly for its Osaka project. Despite the proceeds, the company still faces significant capital demands for its Osaka investment and other growth initiatives, warranting a balanced capital allocation strategy.
MGM Rallies 22.5% in 3 Months as Investors Weigh Its Staying Power
MGM Resorts International's shares have risen 22.5% in the last three months, prompting investors to assess the sustainability of this growth. While strong Las Vegas convention demand, digital revenue growth, and Macau market share support the stock, profitability concerns remain due to softer leisure demand and lower adjusted earnings. The company faces ongoing pressure from its lower-end Las Vegas properties and increased costs, leading to a Zacks Rank #3 (Hold) despite positive momentum and value scores.
A war of words, slot machines, contracts, and expectations
Bally's has halted most construction on its Chicago casino project due to concerns over the potential proliferation of Video Gaming Terminals (VGTs) in the city, which it views as a breach of their Host Community Agreement and a threat to its revenue. Chicago aldermen oppose this move, insisting Bally's fulfill its promised development. The dispute highlights a clash over tax revenue from VGTs versus Bally's financial viability, with the company in a difficult position regarding regulatory approval and contract obligations.
Morgan Stanley Maintains MGM Resorts International(MGM.US) With Sell Rating, Maintains Target Price $43
Morgan Stanley has reiterated its Sell rating for MGM Resorts International (MGM.US), maintaining a target price of $43. This indicates a continued bearish outlook on the company's stock by the investment bank.
Davis Selected Advisers (MGM) reports 23.9M MGM Resorts shares, a 9.3% stake
Davis Selected Advisers has reported a significant ownership stake in MGM Resorts International, holding 23,903,317 shares, which represents 9.3% of the common stock. This information was disclosed in an Amendment No. 7 to a Schedule 13G filing, indicating the firm's sole voting power over 23,174,011 shares and sole dispositive power over all 23,903,317 shares. The filing was signed on August 12, 2026, by Vice President Michaela McLoughry, with the ownership figures effective as of June 30, 2026.
People Inc. at Oppenheimer conference: pivot to brands, value catalysts
People Inc. (PPLI) outlined a strategic pivot at the Oppenheimer 29th Annual Technology, Internet & Communications Conference, shifting from a search-led media model to one focused on brands, licensing, and asset sales due to declining Google Search referrals. The company is actively pursuing the buyout of the remaining MGM stake, aiming to simplify its ownership structure, and anticipates significant financial recovery from Google antitrust damages in 2027. Despite challenges in print and session-based digital revenue, People Inc. is expanding non-session-based revenue streams, leveraging AI for content creation, and working to reduce corporate overhead to enhance shareholder value.
MGM Resorts (MGM) Stock Could Be Cheap On Cash Flow Yet Pricey On Earnings
MGM Resorts International (MGM) stock has shown a 24.7% gain over the past year, presenting a mixed valuation picture. While a Discounted Cash Flow (DCF) model suggests it's undervalued by 23.0%, earnings-based multiples like the P/E ratio indicate it's overvalued compared to industry averages and its fair P/E. This discrepancy is further complicated by an ongoing go-private proposal and differing opinions among investors regarding the company's future growth prospects.
MGM Resorts (MGM) Stock Could Be Cheap On Cash Flow Yet Pricey On Earnings
MGM Resorts International (MGM) stock shows mixed valuation signals, with a Discounted Cash Flow (DCF) analysis suggesting it is 23% undervalued, while earnings-based multiples indicate it is overvalued compared to its industry and fair P/E ratio. The ongoing go-private proposal adds complexity, with the market price potentially reflecting deal risk and governance questions, despite the DCF model pointing to upside. Investors face a decision on whether to prioritize the cash flow-driven intrinsic value or the earnings-based market multiples that suggest a premium is already priced in.
MGM Shareholder Investigation: MGM Resorts Investigation
Bleichmar Fonti & Auld LLP (BFA Law) is investigating Barry Diller’s $48.30 per share offer to acquire MGM Resorts International (NYSE:MGM). The investigation focuses on potential breaches of fiduciary duty due to Diller's dual role as a director and controlling stockholder, raising concerns about conflicts of interest. Shareholders are encouraged to contact BFA Law for more information regarding their legal options.
Pacer Advisors Inc. Sells 316,475 Shares of MGM Resorts International $MGM
Pacer Advisors Inc. significantly reduced its stake in MGM Resorts International (NYSE:MGM) by selling 316,475 shares in the first quarter, leaving them with 11,294 shares valued at $418,000. Despite this sell-off, institutional investors collectively own 68.11% of the company, and analyst sentiment remains positive with a "Moderate Buy" rating and an average price target of $52.49. MGM recently reported strong Q1 earnings, beating estimates with $0.59 EPS and achieving a 2.2% year-over-year revenue increase to $4.45 billion.
MGM Resorts International stock outperforms competitors on strong trading day
MGM Resorts International (MGM) shares increased by 1.78% to $44.13 on Tuesday, outperforming the broader market which saw declines in both the S&P 500 and Dow Jones Industrial Average. This gain ended a two-day losing streak for the stock.
Vinyl Room Las Vegas Is Now Open: Inside The Music, Food And Views
Vinyl Room, a new music-driven dining and nightlife destination, has opened on the rooftop of Mandalay Bay Resort & Casino in Las Vegas. Created by Live Nation and MGM Resorts, it offers high-fidelity listening, Asian-inspired cuisine, music-inspired cocktails, and panoramic Strip views across three main spaces. The venue is designed with music at its core, featuring nearly 5,000 vinyl records and evolving from sunset cocktails to late-night DJ sets.
WYNN's Q2 Beat Puts Macau Strength and Margin Pressure in Focus
Wynn Resorts (WYNN) reported better-than-expected Q2 2026 earnings and revenues, driven by strong performance at Wynn Palace and increased mass-market activity in Macau. However, the positive results were tempered by weaker profitability in Las Vegas and Boston operations, along with a significant increase in the budget for the Wynn Al Marjan Island project in the UAE, leading to a mixed outlook for investors.
Is Wynn Resorts Stock a Buy as Macau Growth Meets Rising Capex Risks?
Wynn Resorts is seeing strong growth in Macau, particularly with its Wynn Palace operating at near full occupancy, and trades at a forward sales valuation below its industry average. However, these positives are increasingly counteracted by a significant investment cycle, including substantial capital expenditures for new projects in Macau and domestic properties, leading to rising execution and cash-flow risks. The article questions whether Macau's upside and valuation discount can offset heavy spending and thinning margins, noting that margin pressure and higher operating costs are impacting profitability, leading to a Zacks Rank #3 (Hold) despite favorable value and growth scores.
