By SectorWire desk ·
People Incorporated has proposed an $18bn takeover of a majority stake in MGM Resorts MGM · USD 28.60 2026-10-16 Data. MGM also owns LeoVegas and the international BetMGM sportsbook; the transaction remains conditional.
The proposed change of control would encompass MGM and its international online gambling interests.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
People Inc.’s withdrawal ends its proposed $18bn acquisition of all publicly held MGM shares.
MGM Resorts retains its independence after People Inc withdrew its proposal to acquire the remaining publicly held shares.
MGM is assessing a takeover proposal alongside its quarterly trading results.
BetMGM’s revenue and adjusted EBITDA increased as the operator maintained expectations for the lower end of annual guidance.
MGM's late licensing application drew a $50,250 penalty, while CountR agreed a $50,000 settlement over licensing violations.
BetMGM and MGM Resorts’ funding supports gambling research, state councils, the 1-800-GAMBLER helpline and the Evive Foundation.