MGM - MGM Resorts International
Callan Family Office LLC bought a new position in MGM Resorts International (NYSE: MGM) during the undefined quarter, according to its most recent filing with the SEC. The institutional investor bought 23,311 shares of the company's stock, valued at approximately $1,114,000. Several other large investors have also recently bought and sold shares of
People Inc.'s 66.8 million-share stake in MGM is worth about $2.9 billion at current prices, already exceeding People Inc.'s $2.86 billion market capitalization. People Inc.'s publishing business is improving, with Q2 adjusted EBITDA increasing to $73 million and 2026 EBITDA guidance raised. Including estimated net proceeds from the announced $189 million LP-interest sale, we estimate holdco cash at approximately $939 million.
Markets have been on a wild ride this summer, with the S&P 500 finally making a new all-time high and several left-for-dead stocks showing new life in the second half of the year. But not all rallies are created equally.
MGM Resorts International remains a Buy due to attractive valuation and strong balance sheet despite recent underperformance versus the S&P 500. MGM's growth is driven by MGM China and MGM Digital, while Las Vegas and regional operations face near-term headwinds from weak visitation and consumer sentiment. Management is investing in long-term growth, including the MGM Osaka resort in Japan and expanding digital and sports-betting platforms.
Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos
Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos Players can enjoy blackjack, roulette and baccarat hosted by real dealers at MGM Resorts casinos
Awager's remote live slots offering now available on BetMGM, giving players access to land-based slot machines streamed directly from regulated studio environments Awager's remote live slots offering now available on BetMGM, giving players access to land-based slot machines streamed directly from regulated studio environments
NEW YORK, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller's bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.
Employee giving powers 211 grants supporting nonprofits addressing local needs LAS VEGAS, Aug. 18, 2026 /PRNewswire/ -- More than $4.6 million is headed to nonprofit organizations in communities where MGM Resorts employees live and work. The MGM Resorts Foundation has awarded 211 grants, fueled by contributions from employees and guests.
People Incorporated Common Stock NASDAQ: PPLI is focusing its capital allocation on its MGM minority stake and its People media business while seeking new homes for several non-core assets, Chief Financial Officer Tim Quinn said during a fireside chat.
MGM Resorts' 0.67X sales multiple offers a valuation discount, but falling 2026 earnings, margin pressure and Osaka spending raise execution risks.
New titles from AGS are available first at BetMGM Casino Alberta, strengthening lineup of popular slot games New titles from AGS are available first at BetMGM Casino Alberta, strengthening lineup of popular slot games
MGM Resorts' 22.5% three-month rally faces a test as Las Vegas and digital gains contend with weaker profitability and softer leisure demand.
MGM Resorts' $546M Northfield sale boosts liquidity and cuts annual rent by $53M, giving it more flexibility for buybacks and growth.
NEW YORK, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller's bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.
EDMONTON, AB, Aug. 05, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading sportsbook and iGaming operator, and Blueprint Gaming announced that Game of Thrones™ is now live at BetMGM Casino in Alberta. It marks the title's second Canadian market launch following a record-breaking debut in Ontario.
NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller's bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.
EDMONTON, AB, Aug. 04, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading sports betting and iGaming operator, and Marriott Bonvoy, Marriott International's award-winning travel program, announced the expansion of their rewards collaboration to Alberta following the opening of the regulated online gambling market.
EDMONTON, AB, Aug. 04, 2026 (GLOBE NEWSWIRE) -- BetMGM, a leading sports betting and iGaming operator, and Marriott Bonvoy, Marriott International's award-winning travel program, announced the expansion of their rewards collaboration to Alberta following the opening of the regulated online gambling market.
The company posted a quarterly profit of $506.9 million, boosted by an unrealized gain on the company's investment in MGM.