MGM China Holdings Limited reported record revenue and Adjusted EBITDA for Q3 2026, with significant growth in both MGM Cotai and MGM Macau. The company's occupancy rate also increased, and visitation during the October Golden Week holiday saw a 10% year-over-year increase.
After a failed $18 billion acquisition attempt, MGM Resorts is considering buying People, Inc., its largest shareholder. People, Inc. is chaired by Barry Diller.
People Inc., led by Barry Diller, has withdrawn its bid to acquire MGM Resorts, citing unmet expectations. The company will retain a 27% stake in MGM Resorts.
The city of Springfield, Massachusetts, has filed a lawsuit against MGM Springfield casino, alleging that the company has not fulfilled its host agreement. The dispute centers around employment levels, gaming floor size, and refurbishment of a building near the casino.
The MGM Resorts Foundation has awarded nearly $5 million in grants to nonprofit organizations across various states, with significant contributions from employees and guests.
MGM Resorts International reported a record $4.5bn in consolidated revenue for Q2 2026. The company's digital segment saw a 20% year-over-year increase, while Las Vegas Strip Resorts also showed strong performance.