MGM is considering an investment of up to $5 billion in an integrated resort in Bangkok, contingent on securing a suitable site and legislation proceeding. The company favours Bangkok, while competing proposals are expected; no project approval or investment commitment is stated.
The proposal’s progress depends on Thai legislation and site access, conditions relevant to investors and competing casino bidders.
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MGM Resorts International said it was continuing to assess an all-cash takeover proposal from People Incorporated while reporting second-quarter results. The offer values MGM at about $18 billion and proposes $48.30 per share; People owns 26.1% of MGM’s outstanding common stock. MGM reported revenue of $4.5 billion, up 1% year on year, and net profit attributable to the company of $292.4 million.
MGM Resorts International chief executive Bill Hornbuckle told the Nevada Gaming Commission on Thursday that sports prediction markets constitute sports betting and praised Nevada regulators’ approach. He said MGM would monitor activity and seek to ensure it came under what he described as proper regulation and taxation.
The Nevada Gaming Commission accepted a settlement with MGM Resorts International on 24 April 2025, imposing an $8.5m fine over wagers accepted from illegal bookmakers. The cases involved more than $4m at MGM Grand and nearly $1m at The Cosmopolitan of Las Vegas, where the alleged conduct occurred in 2021; MGM did not operate The Cosmopolitan at the time.
Caesars Entertainment has denied speculation that its Planet Hollywood or Flamingo properties in Las Vegas are being sold. The rumours followed Fertitta Entertainment’s planned $17.6 billion acquisition of Caesars, which is expected to close next year; the source says neither property is currently up for sale.
Rumours that Planet Hollywood or Flamingo could be sold are inaccurate, the source reports. The speculation followed Fertitta Entertainment’s $17.6bn acquisition of Caesars Entertainment. The purchase is expected to close next year.
CreditSights maintained its tactical outperform recommendation on Wynn Macau’s US-dollar bonds despite weaker third-quarter earnings. It cited leverage of 5.3 times gross and 4.3 times net as of September, and expected higher capital expenditure in financial year 2027 to weigh on cash flow.
Wynn Macau Ltd's U.S. dollar bonds remain a tactical outperform recommendation at CreditSights Inc, even after weaker third-quarter earnings and with capital spending expected to rise in 2027. The analysts said the anticipated capital spending pressure in financial year 2027 was a key reason for the tactical qualification.