MGM China Holdings Ltd. has confirmed that shareholders approved a final cash dividend of HKD 0.353 per share for the fiscal year ended December 31, 2025, following its recent annual general meeting. The total payout amounts to approximately HKD 1.34 billion, which represents about 26.4...
Amazon MGM Studios has officially launched its search for the next actor to portray James Bond, following the conclusion of Daniel Craig's tenure which spanned five films from 2006 to 2021. To lead this historic casting process, the studio has hired renowned casting director Nina...
At its annual meeting of stockholders held on May 6, 2026, MGM Resorts International shareholders elected all nominated directors, including Keith Barr, Barry Diller, and Chief Executive Officer William J. Hornbuckle. Each director received a majority of votes cast with a quorum present, reinforcing the...
MGM Resorts International, with a market capitalization of $9.2 billion, operates luxury casino resorts and entertainment venues primarily in Las Vegas and international markets, including flagship properties like the Bellagio and ARIA. Over the past 52 weeks, MGM shares rose 21.6%, underperforming the S&P 500's...
MGM China Holdings Ltd. plans to issue US$750 million in senior unsecured notes due in 2033 to repay a portion of its outstanding 2025 revolving credit facility and for general corporate purposes. CreditSights and Fitch Ratings assessed the proposal, noting that while the interest rate...
MGM Resorts International held its first quarter earnings call, delivering a cautiously optimistic outlook as key growth segments outperformed despite facing structural and one-time headwinds. The company reaffirmed its guidance for over 4% consolidated revenue growth for the year, driven by accelerating digital operations and...
MGM Resorts International shares closed Friday trading down 1.13% at $38.50, marking the company's fourth consecutive day of stock declines despite an otherwise mixed market session. While the S&P 500 Index managed a modest gain of 0.29% to reach 7,230.12, the Dow Jones Industrial Average...
MGM Resorts CEO Bill Hornbuckle confirmed during the company's Wednesday quarterly earnings call that the hotel and casino operator continues active discussions with the NBA regarding hosting an expansion team in Las Vegas. The primary venue under consideration for such a franchise is T-Mobile Arena,...
MGM Resorts International reported record first-quarter 2026 consolidated net revenue of $4.5 billion, a 4% increase from the prior-year quarter, driven by growth in MGM China, MGM Digital, and its BetMGM North America Venture. This revenue achievement occurred despite a decline in profitability, with net...
MGM Resorts International has informed investors that its ambitious project to develop Japan's first legal casino resort, MGM Osaka, is progressing as planned. Located on Yumeshima Island in the city of Osaka, this development marks a significant milestone for the company as it builds toward...
MGM China reported a strong first quarter in 2026 with net revenue rising 9.2% year-over-year to over $1.12 billion, driven primarily by growth in its Macau operations. The core gaming revenue surged to $977 million, an increase of 9%, underpinned by an 18% jump in...
Barry Diller announced major corporate restructuring at IAC on Tuesday, including a rebranding to People Incorporated, a C-suite leadership shift, and strategic refocusing of assets. Diller will assume the role of Executive Chairman while Neil Vogel is named CEO and Tim Quinn becomes CFO. The...
On April 3, 2026, IAC Inc. entered into a significant new voting agreement with MGM Resorts International and Barry Diller that effectively caps the voting power of IAC, Mr. Diller, and their controlled affiliates at 25.73% of MGM's outstanding voting securities. Under this arrangement, any...
Inspired Entertainment, Inc. announced on April 8, 2026, that BetMGM has officially launched Inspired's Virtual Sports content across its BetMGM and Borgata Online sports betting platforms in New Jersey. This expansion introduces three specific products: V-Play Soccer, V-Play Basketball, and the notable V-Play NFL-themed Football,...
MGM Resorts International has reached a significant voting agreement with media mogul Barry Diller and his firm, IAC, designed to regulate the shareholder's influence over the gaming company. Under the terms of the contract finalized on April 7, 2026, any shares held by Diller, IAC,...
A new report released by the Institute for Policy Studies (IPS) has identified MGM Resorts International as one of the top 20 largest U.S. employers of low-wage workers within the S&P 500, a group dubbed the "Low-Wage 20." The analysis highlights that while MGM employs...
