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MGM
NYSE
Hotels, Restaurants & Leisure
$47.20
USD
-$0.15 (-0.31%)
Last close
Market Cap:
$12.21B
Volume:
3.2M
Previous Close
$47.35
Day Range
$46.65 - $48.23
52 Week Range
$29.19 - $51.59
Average Volume (10 Days)
3.5M
P/E Ratio
59.32
Dividend Yield
0.00%
MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The company is headquartered in Las Vegas, Nevada and currently employs 44,000 full-time employees. Its segment includes Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. Las Vegas Strip Resorts consists of casino resorts: Aria, Bellagio, The Cosmopolitan of Las Vegas, MGM Grand Las Vegas, Mandalay Bay, Luxor, New York-New York, Excalibur, and Park MGM. Regional Operations consists of various casino properties: MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi; Gold Strike Tunica in Tunica, Borgata in Atlantic City, New Jersey; MGM National Harbor in Prince George’s County, Maryland; MGM Springfield in Springfield, Massachusetts; Empire City in Yonkers, New York, and others. MGM Digital is its online gaming portfolio which consists of LeoVegas.
CEO
Mr. William Hornbuckle
Headquaters
Las Vegas, NEVADA, US
Founded
1989
Employees
44,000
IAC, led by Barry Diller and transitioning to People Inc., submitted a non-binding all-cash offer to acquire MGM Resorts International for $48.30 per share, valuing the casino giant at roughly $18 billion. MGM shares jumped 16% and now trade above the offer price, signaling investors expect a higher bid or competing offer to emerge.
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Barry Diller's People Inc., which already owns 26.1% of MGM Resorts, submitted a non-binding proposal to acquire the remaining shares for $48.30 each in cash, valuing the deal at approximately $18 billion including debt. Diller believes MGM's physical assets and digital growth opportunities are undervalued by public markets. The bid follows closely on Tilman Fertitta's agreement to acquire rival Caesars Entertainment for $17.6 billion.
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Diller's 26% stake becomes a full takeover bid at $48.30/share-10.6% premium but 30% above 90-day average. Deal accelerates casino consolidation one week after Fertitta's $17.6B Caesars bid. MGM holders face imminent cash-out or rejection decision.
New Jersey sportsbooks generated increased revenue in April 2026 despite lower betting volume, benefiting from higher hold rates. The trend reflects ongoing shifts in sports betting activity across regulated markets, with implications for operators including MGM Resorts.
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