MGM Resorts gains after People Inc. bids for control, while Q2 Las Vegas revenue marks first growth in nearly two years.
MGM Resorts International (MGM) closed at $46.88 on July 10, 2026, valuing the company at $11.99 billion. Shares rose 23.01% over the past year but dipped 3.58% in the last month amid bid evaluations.
The company reported its first Las Vegas revenue growth in nearly two years during Q2 2026. People Inc., formerly IAC, announced a bid for MGM control, aiming to streamline operations and reduce corporate costs by focusing on digital publishing and hospitality.
MGM shares appreciated toward the offer price but fluctuated as the board assesses the proposal. Longleaf Partners Fund noted the potential for value growth at both companies, pending deal details.