MGM Resorts International reported record consolidated net revenues of $4.5 billion for Q1 2026, a 4% increase from last year, led by strong performance in MGM China and MGM Digital segments. The Las Vegas Strip Resorts showed their first quarterly revenue growth in over a year, supported by convention bookings and new promotions. MGM also completed the sale of MGM Northfield Park operations for $546 million, boosting liquidity for share repurchases and balance sheet strength. Despite a slight dip in net income and EBITDA compared to last year, MGM is optimistic about continued growth driven by refreshed properties and strategic initiatives.
BetMGM, a leading North American sports betting and iGaming operator jointly owned by MGM Resorts and Entain, will publish its business update for the second quarter of 2026 on July 28. The company will host a live audio webcast and Q&A session for i...
Bleichmar Fonti & Auld LLP is investigating Barry Diller's $48.30 per share offer to acquire the remaining shares of MGM Resorts International due to potential breaches of fiduciary duty. Diller, a board member and largest shareholder through People,...
