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MGM Resorts International

41.36

-0.9200-2.18%

Post-market: 41.470.1100+0.27%19:30 EDT

Volume:2.22M

Turnover:91.96M

Market Cap:10.41B

PE:25.89

High:42.36

Open:42.35

Low:41.29

Close:42.28

52wk High:51.59

52wk Low:29.19

Shares:251.59M

Float Shares:181.00M

Volume Ratio:1.20

T/O Rate:1.22%

Dividend:- -

Dividend Rate:- -

EPS(TTM):1.60

EPS(LYR):0.7600

ROE:18.92%

ROA:1.77%

PB:4.14

PE(LYR):54.42

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Overview Company News Filings

MGM Resorts International : Deutsche Bank Raises Target Price to $55 From $48

THOMSON REUTERS

Deals of the day-Mergers and acquisitions

Entain Shares up 4% After MGM Resorts Confirms Bid From People Inc

THOMSON REUTERS

PRESS DIGEST- New York Times business news - June 2

M&A Is Back in a Big Way. These Are the Sectors in Play. -- Barrons.com

Media Mogul Proposes $18 Billion Takeover of MGM Resorts, Stifel Analyst Suggests Offer Undervalues the Company

At the Age of 84, Barry Diller Is Reinventing Himself All Over Again -- WSJ

MGM Resorts International Stock Rises 16.1%, Outperforms Peers

Nvidia and Anthropic Beat Back June Gloom -- WSJ

Aytu BioPharma to present at Planet MicroCap Las Vegas 2026 investor conference fireside Q&A

MGM Resorts Could See Value Upside From IAC Bid Despite Valuation Dislocation, Truist Says

MT Newswires Live

MGM Resorts Receives Buyout Offer, Shares Surge 16%

Barry Diller's $12.4 billion offer for MGM is a big bet that Vegas is back

Stifel thinks MGM board could reject People Inc.’s initial $48.30 bid

Analyst Reiterates Buy on MGM, Sees Diller’s $48.30 Offer as Undervaluing Shares; Price Target Maintained at $48

MGM Maintained at Buy as Analyst Reaffirms $55 Price Target on Undervaluation and Strengthening Las Vegas Fundamentals

Truist says People Inc.’s MGM offer could unlock value, cut visibility

Top Midday Gainers

MT Newswires Live

MGM Resorts to ‘carefully review and consider’ acquisition proposal from People

Billionaires Are Betting on Las Vegas -- Market Talk

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These Are the Sectors in Play. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2640917479","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640917479?lang=en_us&edition=fundamental","pubTime":"2026-06-02 12:01","pubTimestamp":1780372860,"startTime":"0","endTime":"0","summary":"Mergers are definitely back on Wall Street -- and all the dealmaking is one more thing driving the stock market to dizzying highs.In just the past couple of days, Berkshire Hathaway  announced that it's buying home builder Taylor Morrison for $8.5 billion and Barry Diller's People Inc. is offering $18 billion for casino stalwart MGM Resorts International.And one data expert, Mergermarket's Lucinda Guthrie, thinks the M&A party will go on for a while.The Berkshires of the world -- mega-companies with lots of cash and no debt -- are looking to gobble up their smaller rivals, Guthrie told Barron's.There is \"a hunt for scale from large-caps\" that want to both cut costs and find new ways to grow, said Guthrie, who heads the capital markets data provider.A glance at the numbers shows why records are at risk of falling. Caesars Entertainment is being taken private by Fertitta Entertainment for $17.6 billion. And building supplies company QXO, a 2025 Barron's stock pick , is plunking down $17 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Mogul Proposes $18 Billion Takeover of MGM Resorts, Stifel Analyst Suggests Offer Undervalues the Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1119570119","media":"Stock News","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1119570119?lang=en_us&edition=fundamental","pubTime":"2026-06-02 11:22","pubTimestamp":1780370550,"startTime":"0","endTime":"0","summary":"An $18 billion acquisition proposal, inclusive of debt, has been made for MGM Resorts International (MGM.US)The offer of $48.30 per share comes from People Inc., the entity formerly known as IAC and...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1128","BK4150","UUP","BK4561","01981","BK4588","BK4585","LU1571399168.USD","MGM","UDN"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640998989","title":"At the Age of 84, Barry Diller Is Reinventing Himself All Over Again -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2640998989","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640998989?lang=en_us&edition=fundamental","pubTime":"2026-06-02 08:00","pubTimestamp":1780358400,"startTime":"0","endTime":"0","summary":"The studio executive-turned-digital-brand-builder-turned-publishing-magnate said Monday that his company, People Incorporated, wants to take over the rest of MGM Resorts in a deal valuing the casino giant at around $12.4 billion.As other investors are looking to tech to drive growth, Diller is going all-in on a casino company, betting the business is one that AI can't replace.He doubled down on digital, buying dating site Match and travel site Expedia, then went big on magazines by buying publisher Meredith in 2021. Just this year, Diller rebranded his company as People Incorporated, highlighting the flagship title, and said the conglomerate would focus on its magazine assets and MGM investment.People Incorporated, formerly known as IAC, already owns 26.1% of MGM Resorts. Diller proposed taking MGM private, saying the casino company can't realize its full potential in the public markets.Diller joined Fox in 1984 and worked with Rupert Murdoch to mount a competitor to the three existing","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1571399168.USD","MGM","BK4585","BK4588","BK4150","BK4561"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640027964","title":"MGM Resorts International Stock Rises 16.1%, Outperforms Peers","url":"https://stock-news.laohu8.com/highlight/detail?id=2640027964","media":"Dow Jones","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640027964?lang=en_us&edition=fundamental","pubTime":"2026-06-02 04:33","pubTimestamp":1780345980,"startTime":"0","endTime":"0","summary":"This article was automatically generated by Dow Jones using technology from Automated Insights.Shares of MGM Resorts International surged 16.1% to $50.69 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.3% to 7,599.96 and the Dow Jones Industrial Average rising 0.1% to 51,078.88.This was the stock's eighth consecutive day of gains.MGM Resorts International hit a new 52-week high, surpassing its previous peak of $44.28, which the company reached on May 29th.The stock outperformed some of its peers, as Las Vegas Sands Corp. rose 5.3% to $53.27, DraftKings Inc. Cl A rose 7.5% to $26.33, and Caesars Entertainment Inc. rose 0.34% to $29.15.Trading volume totaled 27.6 million, compared to the 50-day average of 4.8 million.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["MGM"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640964000","title":"Nvidia and Anthropic Beat Back June Gloom -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2640964000","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640964000?lang=en_us&edition=fundamental","pubTime":"2026-06-02 04:32","pubTimestamp":1780345920,"startTime":"0","endTime":"0","summary":"This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell. If you're not subscribed, sign up here.Anthropic makes the first move. AI company filed confidential IPO papers on Monday. That puts the maker of the Claude chatbot on a path to beat ChatGPT parent OpenAI to a public listing. The winner gets more than bragging rights, as data shows that the first IPOs in \"industry clusters\" tend to outform later ones.AI ecosystem gets another boost. Anthropic's surprise filing and Nvidia's  move into the PC market proved good news for a host of tech names exposed to AI. Nvidia's share price jumped more than 6% while Microsoft gained 2.3%. Dell, a maker of both AI-enabled PCs and servers, surged nearly 11%. 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03:23","pubTimestamp":1780341798,"startTime":"0","endTime":"0","summary":"IAC's  proposal to acquire the remaining shares of MGM Resorts International  could create potential value upside if completed, though the bid may also reflect a broader valuation disconnect in MGM shares and raise questions around strategic intent, Truist Securities said Monday.The brokerage said it views the announcement with \"cautious optimism\" for IAC, noting that bringing MGM fully under its ownership and control could improve operations and reduce investor scrutiny, while also addressing a common investor concern around indirect exposure to MGM through IAC.At the same time, Truist questioned whether the proposal represents a shift in strategy or simply takes advantage of valuation dislocation, given IAC's long-standing ownership stake and board involvement in MGM.\"IAC has been an active shareholder and board member for many years now, which makes us wonder whether this bid has to do with changing anything fundamental or just taking advantage of valuation dislocation,\" the brokera","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4561","BK4588","BK4150","BK4077","LU1571399168.USD","PPLI","BK4585","IAC","MGM","LU0081259029.USD"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1114252983","title":"MGM Resorts Receives Buyout Offer, Shares Surge 16%","url":"https://stock-news.laohu8.com/highlight/detail?id=1114252983","media":"Deep News","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1114252983?lang=en_us&edition=fundamental","pubTime":"2026-06-02 03:10","pubTimestamp":1780341050,"startTime":"0","endTime":"0","summary":"MGM Resorts International saw its stock price jump by approximately 16% on Monday following a proposal from Barry Diller's People Inc. to acquire the company in an all-cash deal at $48.30 per...","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1571399168.USD","BK4588","BK4585","BK4150","MGM","BK4561"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640961835","title":"Barry Diller's $12.4 billion offer for MGM is a big bet that Vegas is back","url":"https://stock-news.laohu8.com/highlight/detail?id=2640961835","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640961835?lang=en_us&edition=fundamental","pubTime":"2026-06-02 03:03","pubTimestamp":1780340580,"startTime":"0","endTime":"0","summary":"Las Vegas has suffered from uneven tourism trends as well as sports-betting competition, but analysts say there's reason to believe things are looking up for Sin City. People Inc. said Monday that it had submitted a proposal to acquire all outstanding shares of MGM Resorts International and take it private.Higher travel costs have dinged the Las Vegas tourism industry recently, but some analysts say media mogul Barry Diller's roughly $12.4 billion offer for MGM Resorts International offers up fresh optimism that Vegas may be due for a rebound.Diller's People Inc., the publishing giant previously known as IAC, said Monday that it had submitted a proposal to acquire all outstanding shares of casino and resort operator MGM Resorts and take it private in a deal that would value the company at around $12.4 billion, or $48.30 per share in cash.After visitor volumes rose in March, they slipped 1.8% on a year-over-year basis in April, according to the group, as the Iran war drove gas prices hi","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1571399168.USD","BK4150","IAC","BK4566","BK4561","CZR","MGM","PPLI","BK4077","LU0081259029.USD","BK4585","BK4588"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640096912","title":"Stifel thinks MGM board could reject People Inc.’s initial $48.30 bid","url":"https://stock-news.laohu8.com/highlight/detail?id=2640096912","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640096912?lang=en_us&edition=fundamental","pubTime":"2026-06-02 02:36","pubTimestamp":1780339016,"startTime":"0","endTime":"0","summary":"Stifel notes Barry Diller’s People Inc. (IAC), formerly IAC, has proposed acquiring the remaining outstanding shares of MGM Resorts (MGM) for $48.3...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/stifel-thinks-mgm-board-could-reject-people-inc-s-initial-48-30-bid-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/stifel-thinks-mgm-board-could-reject-people-inc-s-initial-48-30-bid-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["PPLI","BK4077","LU1571399168.USD","MGM","BK4127","SF","BK4585","BK4588","IAC","BK4150","LU0081259029.USD","BK4561"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640969107","title":"Analyst Reiterates Buy on MGM, Sees Diller’s $48.30 Offer as Undervaluing Shares; Price Target Maintained at $48","url":"https://stock-news.laohu8.com/highlight/detail?id=2640969107","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640969107?lang=en_us&edition=fundamental","pubTime":"2026-06-02 02:35","pubTimestamp":1780338931,"startTime":"0","endTime":"0","summary":"MGM Resorts, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Steven Wieczynski from Stifel Nicolaus rei...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/ratings/analyst-reiterates-buy-on-mgm-sees-dillers-48-30-offer-as-undervaluing-shares-price-target-maintained-at-48-ratings-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/ratings/analyst-reiterates-buy-on-mgm-sees-dillers-48-30-offer-as-undervaluing-shares-price-target-maintained-at-48-ratings-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["MGM"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640969553","title":"MGM Maintained at Buy as Analyst Reaffirms $55 Price Target on Undervaluation and Strengthening Las Vegas Fundamentals","url":"https://stock-news.laohu8.com/highlight/detail?id=2640969553","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640969553?lang=en_us&edition=fundamental","pubTime":"2026-06-02 02:06","pubTimestamp":1780337165,"startTime":"0","endTime":"0","summary":"In a report released today, Barry Jonas from Truist Financial maintained a Buy rating on MGM Resorts, with a price target of $55.00. Barry Jonas ha...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/ratings/mgm-maintained-at-buy-as-analyst-reaffirms-55-price-target-on-undervaluation-and-strengthening-las-vegas-fundamentals-ratings-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/ratings/mgm-maintained-at-buy-as-analyst-reaffirms-55-price-target-on-undervaluation-and-strengthening-las-vegas-fundamentals-ratings-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["MGM"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640966823","title":"Truist says People Inc.’s MGM offer could unlock value, cut visibility","url":"https://stock-news.laohu8.com/highlight/detail?id=2640966823","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640966823?lang=en_us&edition=fundamental","pubTime":"2026-06-02 01:15","pubTimestamp":1780334152,"startTime":"0","endTime":"0","summary":"Commenting on People Incorporated, previously IAC (IAC), offer to acquire MGM Resorts (MGM), Truist analyst Barry Jonas says the firm views the ann...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/truist-says-people-inc-s-mgm-offer-could-unlock-value-cut-visibility-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/truist-says-people-inc-s-mgm-offer-could-unlock-value-cut-visibility-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4585","MGM","BK4561","PPLI","LU1571399168.USD","BK4588","BK4150","LU0081259029.USD","BK4077","IAC"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640701965","title":"Top Midday Gainers","url":"https://stock-news.laohu8.com/highlight/detail?id=2640701965","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640701965?lang=en_us&edition=fundamental","pubTime":"2026-06-02 01:14","pubTimestamp":1780334077,"startTime":"0","endTime":"0","summary":"MGM Resorts International  shares soared 16% amid heavy trading after the company confirmed on Monday that it received an offer from People Inc. to acquire all outstanding MGM shares that it does not already own for $48.30 per share in cash.More than 16.4 million shares of the company traded intraday compared with a daily average of about 4.8 million.Sphere 3D  has completed its business combination with Cathedra Bitcoin, forming a scaled digital infrastructure platform with 53 megawatts of operating capacity and an over 100-megawatt potential expansion pipeline, the company said Monday.Shares more than doubled as intraday trading volume catapulted to over 101.7 million from a daily average of about 590,000.Salesforce  said Monday it plans to invest $2 billion in France through 2030 to expand its artificial intelligence and cloud operations.Shares jumped 10% amid a surge in intraday trading volume to over 17.4 million from a daily average of roughly 13.6 million.Price: 210.05, Change: 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Resorts to ‘carefully review and consider’ acquisition proposal from People","url":"https://stock-news.laohu8.com/highlight/detail?id=2640654479","media":"TIPRANKS","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640654479?lang=en_us&edition=fundamental","pubTime":"2026-06-02 00:48","pubTimestamp":1780332492,"startTime":"0","endTime":"0","summary":"MGM Resorts International (MGM) confirms that it received an offer today from People Incorporated (IAC) to acquire all of the outstanding shares of...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/mgm-resorts-to-carefully-review-and-consider-acquisition-proposal-from-people-thefly-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/mgm-resorts-to-carefully-review-and-consider-acquisition-proposal-from-people-thefly-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["LU1571399168.USD","MGM","BK4561","BK4585","BK4588","IAC","PPLI","LU0081259029.USD","BK4077","BK4150"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2640965314","title":"Billionaires Are Betting on Las Vegas -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2640965314","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2640965314?lang=en_us&edition=fundamental","pubTime":"2026-06-02 00:28","pubTimestamp":1780331280,"startTime":"0","endTime":"0","summary":"1228 ET - Barry Diller's People Inc. offers to buy the rest of MGM Resorts, valuing the casino operator at around $12.4 billion. The bid comes shortly after Houston Rockets owner Tilman Fertitta inked a $5.7 billion deal to buy Caesars Entertainment. Both MGM Resorts and Caesars are synonymous with Las Vegas, which has taken a turn for the worse after a postpandemic boom, as price increases and broader economic concerns turned off some travelers. The Strip is also facing increased competition from online gambling. Despite recent struggles, the deals show Wall Street is still willing to bet on Sin City. MGM Resorts shares pop 15%, while Wynn Resorts and Las Vegas Sands are up 6.1% and 3.9%, respectively. 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