15 OctDeals & M&A
Springfield seeks open court proceedings in MGM casino sale dispute
The dispute leaves the proposed transfer of MGM Springfield’s operating rights subject to the city’s approval and ongoing arbitration.
MGM Resorts
Business and regulatory developments involving MGM Resorts. Open in the feed
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Companies
BetMGM, Caesars Entertainment, Entain, DraftKings, CountR, People Inc
Regulators
Company dossier
Licensing, commercial relationships and regulatory developments.
Timeline
Newest first, grouped by month.
October 2026
15 OctRegulation
Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets
Nevada has no fallback plan if the Supreme Court sides with prediction market operators, leaving its stance uncertain.
14 OctDeals & M&A
BetMGM increases Q3 revenue 7% to $710m
BetMGM’s revenue and adjusted EBITDA increased as the operator maintained expectations for the lower end of annual guidance.
14 OctEnforcement & compliance
PGCB approves MGM Resorts International fine of $50,250
The agreements impose payments on MGM Resorts International and CountR for licensing breaches in Pennsylvania.
10 OctDeals & M&A
Bank of America upgrades DraftKings to Buy after 19% monthly decline
Bank of America’s upgrade highlights potentially bottoming earnings expectations and reduced prediction market cannibalisation risk for DraftKings investors.
4 OctRegulation
Nevada casinos report $1.26bn gaming revenue for August
The statewide increase gives operators and investors a measure of Nevada's gaming revenue performance in August.
September 2026
30 SepDeals & M&A
MGM and Caesars avoid prediction markets over US casino licence concerns
Casino licensing concerns constrain MGM and Caesars while sportsbook competitors expand into prediction markets.
29 SepDeals & M&A
Casino chiefs reaffirm Las Vegas's role in US gambling at G2E
Wynn, MGM and Caesars chief executives reaffirmed Las Vegas's central role in US gambling.
29 SepEnforcement & compliance
PGCB fines MGM Resorts $50,250 over late licensing application
MGM's late licensing application drew a $50,250 penalty, while CountR agreed a $50,000 settlement over licensing violations.
25 SepDeals & M&A
People Inc. withdraws $18bn MGM Resorts acquisition proposal
People Inc.’s withdrawal ends its proposed $18bn acquisition of all publicly held MGM shares.
24 SepEnforcement & compliance
PGCB fines MGM Resorts and CountR more than $100,000 combined
MGM’s $50,250 penalty highlights the financial consequences of a late principal licensing application.
24 SepDeals & M&A
People Inc withdraws bid to take MGM Resorts private
MGM Resorts retains its independence after People Inc withdrew its proposal to acquire the remaining publicly held shares.
7 SepDeals & M&A
Orix outlines investment rationale for JPY1.51tn MGM Osaka resort
Orix sees sustained demand and recurring cash potential in MGM Osaka, which MGM Resorts reports remains within schedule and budget.
7 SepRegulation
Springfield brings casino obligations case against MGM amid proposed sale
The dispute puts casino development obligations and approval of MGM’s proposed ownership transfer before competing court and arbitration processes.
7 SepDeals & M&A
Orix cites long-term demand for JPY1.51tn MGM Osaka project
Orix’s assessment gives investors its expectations for sustained demand and steady cash flows from MGM Osaka.
4 SepRegulation
Springfield sues MGM over alleged casino host agreement breaches
MGM faces litigation over alleged host agreement breaches while accusing Springfield officials of obstructing its proposed casino sale.
1 SepDeals & M&A
BetMGM and MGM Resorts pledge $320,000 for responsible gambling initiatives
BetMGM and MGM Resorts’ funding supports gambling research, state councils, the 1-800-GAMBLER helpline and the Evive Foundation.
August 2026
5 AugRegulation
Nevada rules require casinos to report cyberattacks within 24 hours
Casinos must meet a 24-hour notification requirement for cybersecurity attacks.
July 2026
31 JulDeals & M&A
BetMGM reports second-quarter revenue of $711m
The update gives investors a second-quarter revenue figure for BetMGM.
30 JulDeals & M&A
MGM considers $18bn Diller takeover offer after record revenue
MGM is assessing a takeover proposal alongside its quarterly trading results.
29 JulDeals & M&A
BetMGM increases quarterly revenue 3% but misses expectations
The update shows modest revenue growth falling short of market expectations.
28 JulDeals & M&A
BetMGM pushes $500m annual EBITDA target beyond 2027
The revised expectation delays BetMGM’s targeted earnings milestone.
27 JulDeals & M&A
Nevada regulators approve MGM and Caesars shelf-offering plans
The approvals advance plans linked to possible changes in the operators’ public ownership status.
24 JulDeals & M&A
Nevada regulators question proposed People Inc purchase of MGM Resorts
The proposed transaction faces questions from Nevada gaming regulators.
22 JulRegulation
Atlantic City considers tax arrangement for proposed MGM housing
The proposal would extend the tax arrangement to a non-gaming development on casino-owned land.
June 2026
2 JunDeals & M&A
People Incorporated bids $18bn for control of MGM Resorts
The proposed change of control would encompass MGM and its international online gambling interests.
Market data
MGM Resorts · NYSE: MGM. Share price end-of-day, delayed; not investment advice.
Last close (2026-10-16)USD 28.60
1 week−2.3%
YTD−21.6%
1 year−9.8%
Market capUSD 7.20bn
| Quarter ended | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | USD 4.40bn | USD 4.25bn | USD 4.61bn | USD 4.45bn | USD 4.45bn |
| EBITDA | USD 481.3m | USD 143.4m | USD 482.4m | USD 566.7m | USD 798.0m |
| Operating income | USD 404.6m | −USD 112.9m | USD 325.0m | USD 301.2m | USD 503.6m |
| Net income | USD 49.0m | −USD 285.3m | USD 293.6m | USD 125.1m | USD 292.4m |
| Diluted EPS | 0.18 | -1.05 | 1.08 | 0.48 | 1.11 |
| Cash & equivalents | USD 1.96bn | USD 2.13bn | USD 2.06bn | USD 2.29bn | USD 2.55bn |
Figures as reported in each company’s currency; Q4 values for US filers may be derived as full year minus nine months. EBITDA is a company-defined or data-provider measure where shown.
Results takeaways · Q2 2026
- MGM Resorts revenue rose 1% to $4.5 billion; net income attributable to the company increased to $292 million from $49 million.
- Consolidated adjusted EBITDA fell to $610 million from $648 million.
- Diluted earnings per share rose to $1.11 from $0.18; adjusted diluted earnings per share fell to $0.59 from $0.79.
- Revenue growth reflected Las Vegas Strip Resorts, Regional Operations and MGM Digital, where revenue increased 20% year-on-year.
- MGM Osaka remained on track to open in 2030.
Summarised by SectorWire desk from the company’s earnings release (filed 2026-07-29).
Next results expected: 28 October 2026 (provisional).
End-of-day, delayed; not investment advice. Data and methodology · All gaming stocks
Timeline
Key developments by month.
- Oct 2026
- Deals & M&A Springfield seeks open court proceedings in MGM casino sale dispute
- Regulation Nevada Gaming Control Board chair says no plan B if Supreme Court backs prediction markets
- Deals & M&A BetMGM increases Q3 revenue 7% to $710m
- Enforcement & compliance PGCB approves MGM Resorts International fine of $50,250
- Deals & M&A Bank of America upgrades DraftKings to Buy after 19% monthly decline
- Regulation Nevada casinos report $1.26bn gaming revenue for August
- Sep 2026
- Deals & M&A MGM and Caesars avoid prediction markets over US casino licence concerns
- Deals & M&A Casino chiefs reaffirm Las Vegas's role in US gambling at G2E
- Enforcement & compliance PGCB fines MGM Resorts $50,250 over late licensing application
- Deals & M&A People Inc. withdraws $18bn MGM Resorts acquisition proposal
- Enforcement & compliance PGCB fines MGM Resorts and CountR more than $100,000 combined
- Deals & M&A People Inc withdraws bid to take MGM Resorts private
- Aug 2026
- Jul 2026
- Deals & M&A BetMGM reports second-quarter revenue of $711m
- Deals & M&A MGM considers $18bn Diller takeover offer after record revenue
- Deals & M&A BetMGM increases quarterly revenue 3% but misses expectations
- Deals & M&A BetMGM pushes $500m annual EBITDA target beyond 2027
- Deals & M&A Nevada regulators approve MGM and Caesars shelf-offering plans
- Deals & M&A Nevada regulators question proposed People Inc purchase of MGM Resorts
- Jun 2026