$MGM

MGM Resorts is suing the city of Springfield, Massachusetts, over a dispute regarding the sale of its casino. The city alleges MGM has not met terms of their host community agreement, including employee numbers and gaming offerings. MGM claims the city is delaying the sale of its interest in MGM Springfield to an undisclosed buyer. The casino operator has already sold the underlying real estate. The city and company had previously attempted arbitration to resolve their issues.

MGM Resorts International (MGM) received a non-binding takeover offer from People Incorporated at $48.30 per share, a 15% premium over its current price of $41.22. The offer is below analyst estimates of $50.57 but above recent trading levels. MGM faces risks including project spending and visitation pressure, but has growth potential from international projects like MGM Osaka and Dubai.

Springfield is suing MGM Resorts International and Blue Tarp Redevelopment for allegedly breaching a 2013 agreement, including failing to meet employment and gaming equipment targets. Separately, reports suggest MGM Springfield may be up for sale, with Clairvest Group as a potential buyer.

MGM Resorts is investing $107 million to renovate over 2,000 guestrooms and suites in Borgata's original hotel tower. The renovation, expected to be completed by late 2027, will include updates to the lobby, corridors, and elevators. Borgata is the market leader in Atlantic City, with a gross operating profit of $237.4 million in 2025, nearly double its nearest competitor.

Meridian Hedged Equity Fund highlighted MGM Resorts International (MGM) in its Q2 2026 investor letter. MGM's stock gained 12.13% over 52 weeks, closing at $41.13 on September 3, 2026. The fund noted a 15% acquisition premium after a non-binding proposal from People Incorporated to acquire MGM for $48.30 per share. MGM operates 30 resorts and has a significant digital presence through BetMGM.

MGM Resorts International (MGM) shares rose over 11% premarket after People Inc. (IAC), led by Barry Diller, offered an $18 billion cash bid to take the company private at $48.30 per share, a 10% premium. The deal includes assuming $6 billion in debt. Diller holds 26% of MGM's voting shares, making counteroffers difficult. MGM stock has gained 20% YTD and 38% over the past year.

Springfield officials sued MGM Resorts International and Blue Tarp Redevelopment for alleged violations of their Host Community Agreement, including employment and gaming machine targets. The city claims the companies also failed to refurbish a building. MGM has sought arbitration, but the city prefers court. MGM has not yet responded.

MGM Resorts (MGM) is trading at $42.65, 6.8% below its GF Value™ of $45.76, indicating slight undervaluation. The company has a GF Score™ of 82, with strong momentum and valuation metrics. Insiders have bought $77.1M in stock over the past year. A recent court ruling may impact MGM's sports betting operations.

Las Vegas Strip gaming win rose 3.6% in July to $776.3M year-over-year, marking the fifth increase in six months. Statewide gaming win also grew 2.1% year-over-year. MGM Resorts International (MGM) operates in this market.

Caesars Entertainment agreed to a $17.6B takeover by Fertitta Entertainment at $31/share, delisting from NASDAQ. MGM Resorts received a $48.30/share takeover offer from People Inc. The Rio casino saw majority ownership change to Kennedy Lewis. Deals pending approvals.