MGM reported consolidated revenue of $4.5bn for the three months ended 30 June 2026, up 1% year on year. MGM Digital revenue rose 20% to $196m, while the division’s adjusted EBITDAR loss widened to $31m; CEO Bill Hornbuckle also said the MGM Osaka project remained on schedule to open in 2030.
Digital revenue rose while its adjusted EBITDAR loss widened, giving investors contrasting signals about MGM’s digital division.
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MGM Resorts and People Inc. have amended their voting agreement, with People Inc. to vote its MGM shares in line with the MGM board’s recommendation in a potential change-of-control transaction. CreditSights said the change could give the board more flexibility, while MGM Resorts has said it is not discussing a transaction with Diller’s media consortium; no sale is currently under discussion.
A revised voting arrangement linking MGM Resorts International with Barry Diller’s People Inc. may ease a future sale for the casino operator. Under the revised terms, the media company would commit its shares in line with what the MGM board recommends. A research firm judged that the threat of a takeover has eased since the agreement was changed.
CreditSights said MGM China could face event risk if parent MGM Resorts International changes ownership, while describing takeover overhang as less acute. MGM Resorts owns 56% of MGM China, and the companies are not currently in transaction talks, according to the report.
CreditSights noted that MGM China may face "event risk" should control of its Las Vegas-based parent change hands. The firm described takeover overhang risk as "less acute," yet said the revised voting agreement with Diller suggests MGM Resorts might be open to a future sale.
A press headline reports opposition to a historical horse racing proposal in Massachusetts. It names PENN, Wynn and MGM, but provides no details of their positions.
Presidential candidate Flávio Bolsonaro reportedly told Grupo Globo executives that Congress had an agreement to resume online sports betting in Brazil. The report said it remained unclear whether the proposal would also cover online casinos, and provided no terms for the alleged agreement. Grupo Globo said its meeting with Bolsonaro was institutional and that it would also have met Lula at his request.
BetMGM reported third-quarter net revenue of $710 million, up 7% year on year, and adjusted EBITDA of $86 million, more than double the prior-year figure. Average monthly active users fell 3% to 878,000; the company attributed the decline to changes in player acquisition and management. BetMGM reiterated 2026 revenue guidance of $2.9 billion to $3.1 billion and adjusted EBITDA guidance of $300 million to $350 million.