MGM Resorts amends voting agreement with People Incorporated
The amendment follows People's withdrawal of its acquisition proposal. Covered Entities agree to vote shares per Board recommendation for change of control transactions.
See the latest news and media coverage for MGM Resorts. We track all announcements, press releases, and industry mentions in real time, all in one place.
Global gaming and entertainment company
mgmresorts.comLast updated
In short: MGM Resorts posted record Q2 revenue and BetMGM gains, reaffirming standalone strategy after the acquisition bid was withdrawn.
The amendment follows People's withdrawal of its acquisition proposal. Covered Entities agree to vote shares per Board recommendation for change of control transactions.
Consolidated revenue decreased 1% to $4.2 billion while MGM China achieved record revenue and BetMGM contributed $34 million in fees.
Net revenue rose 7% to $710 million with adjusted EBITDA up 112%. BetMGM reiterates full-year guidance targets amid disciplined execution.
The board reaffirms commitment to the standalone strategy, highlighting Las Vegas, regional properties, BetMGM, and Osaka expansion.
Strip revenue fell 2 percent and adjusted earnings dropped 12 percent in the third quarter as lower room rates offset stronger casino results, though executives...
MGM Resorts International ( MGM) on Wednesday reported a narrower loss for the third quarter. At the same time, revenue dropped, reflecting weaker results at...
LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Wednesday reported a loss of $17.On a per-share basis, the Las Vegas-based...
MGM Resorts International Posts Q3 Adjusted Loss $0.11 per Share, vs. FactSet Est of $0.04 MT 01:48pm MGM Resorts amends voting agreement after People Inc...
Track MGM Resorts and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to MGM Resorts and other trending companies.