RESORTS & CASINOS

Sep 29, 2026

At G2E, Caesars CEO Tom Reeg discussed the company's decision to go private via Fertitta Entertainment's acquisition, highlighting the benefit of a longer-term perspective away from quarterly pressures, despite an FTC second request for information. MGM Resorts CEO Bill Hornbuckle addressed their strategy to unlock shareholder value, clarifying that the company is not acquiring People Inc. and emphasizing the complexity of MGM's business parts. Both executives, along with Wynn Resorts CEO Craig Billings, touched on the significant M&A activities and valuations in the gaming industry.

Sep 29, 2026

Bill Carstanjen, CEO of Churchill Downs Inc., discusses the company's decision to sell nine casino properties. He explains that the move is part of a strategy to slim down and refocus on core assets like the Kentucky Derby, horse racing, and online business, especially given current pressures on public gaming companies. Carstanjen emphasizes the importance of protecting the Interstate Horseracing Act for funding purses and maintaining the industry's existing pari-mutuel wagering system.

Sep 29, 2026

Bally’s Corporation has received approval from the Cheyenne City Council to open an off-track betting facility in north Cheyenne. This new gaming center, located at 1734 Meadowland Drive, will offer off-track betting and historic horse racing machines, complementing Bally's ongoing development of the Thunder Plains horse racing track.

Sep 29, 2026

Bank of America Corp DE has acquired 41,794 shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI), valued at approximately $5.5 million. This investment comes as institutional investors collectively own 62.37% of the company, and analysts maintain a "Moderate Buy" rating with a consensus price target of $124.40. Monarch Casino & Resort recently surpassed quarterly EPS estimates and announced a quarterly dividend.

Sep 29, 2026

Bally's Corporation is opening an off-track betting facility in Cheyenne, Wyoming, at the former Old Chicago location on Meadowland Drive. The Cheyenne City Council approved the necessary simulcasting and special use permits. This new gaming center will offer off-track betting and historic horse racing machines, employing around 10 workers and maintaining the existing layout of the building.

Sep 28, 2026

MGM Resorts International (NYSE: MGM) will release its third-quarter 2026 financial results after market close on Wednesday, October 28, 2026. The company will host a conference call at 5:00 p.m. Eastern Time, followed by a question and answer session. Supplemental slides will be available on MGM's Investor Relations website before the call.

Sep 28, 2026

VICI Properties is currently trading at a low valuation with a high yield, despite recent positive guidance and dividend increases. The market appears to be overreacting to potential regional lease concerns with Caesars, but even a significant rent cut would have a manageable impact on VICI's AFFO and dividend coverage. The article argues that VICI is undervalued, offering an attractive margin of safety and potential for double-digit annualized returns due to its strong balance sheet and resilient rent coverage.

Sep 28, 2026

The Colorado Supreme Court has dismissed a lawsuit filed by a snowboarder against Vail Resorts after he collided with a snowmobile, citing a liability waiver he signed when purchasing a season pass. The 4-3 decision stated that while the snowboarder, John Litterer, was in litigation with Vail Resorts, he invalidated his claim by signing the Epic Pass agreement. Dissenting justices argued the ruling provides the ski industry with an "extraordinary perpetual pass" to avoid liability by embedding broad release language in standard contracts.

Sep 27, 2026

After Barry Diller's People Inc. withdrew its offer to acquire MGM, reports indicate that MGM is now considering making an offer for People Inc. The author suggests that Barry Diller might be willing to sell People Inc. if the price is right, given his history of spinning off companies. Such an acquisition would allow MGM to effectively buy back a significant portion of its own shares while also gaining valuable assets from People Inc.

Sep 27, 2026

Vail Resorts, Inc. (NYSE:MTN) has received a consensus "Hold" rating from fifteen ratings firms, with an average 12-month price target of $147.46. While some analysts recently downgraded the stock or maintained neutral ratings, others raised their price targets. Institutional investors and hedge funds hold a significant 94.9% of Vail Resorts' outstanding shares.

Sep 26, 2026

An analyst from Seaport Research Partners believes that Barry Diller's People Inc. could launch another takeover bid for MGM Resorts International despite withdrawing its initial offer. The analyst anticipates People will continue to increase its stake in MGM, noting that MGM's shares currently trade at a significant discount when its interests in MGM China and BetMGM are excluded. There is also speculation that MGM might consider acquiring People Inc., adding complexity to the situation.

Sep 26, 2026

Full House Resorts, Inc. (NASDAQ:FLL) has received a "Moderate Buy" consensus rating from four analysts, with an average 12-month price target of $3.50. Institutional investors hold 37.68% of the company's stock, and shares recently opened at $1.70, near their 52-week low. The company missed Q2 earnings estimates, reporting a loss of $0.24 per share on revenue of $78.06 million.

Sep 26, 2026

Bank of America Corp DE recently purchased 247,217 shares of Hilton Grand Vacations Inc. (NYSE:HGV) worth approximately $12.9 million, making them a significant institutional holder. Other institutional investors also increased their stakes, bringing the total institutional ownership of HGV stock to 97.23%. Despite the company missing its Q2 earnings and revenue estimates, analysts maintain a consensus "Hold" rating with a target price of $54.67, and Hilton Grand Vacations has authorized a $600 million share buyback program.

Sep 26, 2026

MBody AI (NASDAQ: MBAI) CEO John Fowler identifies casinos, resorts, and convention centers as a significant, yet challenging, new frontier for automation, moving beyond the more predictable warehouse environments. The company successfully piloted its autonomous cleaning robots at Mohegan Sun, demonstrating their reliability in complex, high-traffic settings. MBody AI aims to leverage its Orchestrator platform to standardize and scale these automation solutions, with healthcare being its next target sector.

Sep 25, 2026

Station Casinos has awarded over $70 million in Red Rock Resorts Class A stock to its nearly 10,000 full- and part-time Team Members as part of its 50th anniversary celebration. Each eligible employee will receive $1,000 in stock for every year of service, recognizing their contributions to the company's success and its role as a leading employer in Nevada. This significant award highlights the company's commitment to its workforce and its founder's principles of community service and valuing Team Members.

Sep 25, 2026

Caesars Entertainment shareholders have approved a $17.6 billion acquisition by Fertitta Entertainment, but this deal is not expected to affect operations at Caesars Virginia in Danville. Local officials, including Danville Mayor Alonzo Jones, confirm that the city's existing agreement with Caesars remains solid. The Danville casino, which opened in December 2024, has been a significant revenue source for the city and is expected to continue operating under the Caesars Virginia name.

Sep 25, 2026

Boyd Gaming sold the former Eastside Cannery Casino site in Las Vegas for $28.8 million, incurring a $16.2 million loss after purchasing it for $45 million in 2025. The 29.5-acre property will be developed into a subdivision of 279 single-family homes. This sale is part of a trend of recent land and casino deals in Las Vegas, including MGM Resorts' "asset-light" strategy and the reopening of Club Fortune Casino North.

Sep 25, 2026

CEOs from Hilton, Hyatt, Wyndham, and Accor discussed key industry topics at the Skift Global Forum in New York City. Discussions focused on owner margins, loyalty program growth, technology investments, and the impact of AI. Specific updates included Hilton's Project Rise, Wyndham's Gen Z revenue growth and Echo Suites success, and Hyatt's reduction in PMS costs for owners.

Sep 25, 2026

Shares of People Incorporated (PPLI) gained over 11% on Friday, closing at $40.05, driven by renewed speculation regarding a potential takeover by MGM. This speculation arose despite People Incorporated previously withdrawing its takeover offer for MGM, with the current buzz suggesting MGM might be interested in acquiring People Incorporated or exploring other strategic alternatives. The company's significant stake in MGM further contributes to the optionality and potential for future deals.

Sep 25, 2026

Shares of Barry Diller's People Inc. surged 9% following a report that MGM Resorts is considering acquiring People Inc., a role reversal from People's earlier withdrawn $18 billion bid for MGM. The potential merger is seen as beneficial due to both companies' undervalued shares and the complementary nature of People's lifestyle magazines with MGM's hospitality offerings. People Inc. had previously rebranded from IAC, founded by Diller, and holds a 27% stake in MGM Resorts.

Sep 25, 2026

Vail Resorts (NYSE: MTN) is set to release its Q4 earnings on Monday, September 28, with analysts expecting a quarterly loss of $5.26 per share on revenue of $271.59 million. Despite revised price targets from analysts, the article explores how investors can generate $500 monthly from the company's 6.44% annual dividend yield, requiring an investment of approximately $93,166 or 676 shares. The piece also explains how dividend yield can fluctuate due to changes in stock price and dividend payments.

Sep 25, 2026

MGM Resorts is reportedly considering a bid to acquire Barry Diller’s People Incorporated, which holds a significant 27% stake in MGM. This development follows People Incorporated's recent withdrawal of its own offer to purchase MGM. A proposal from MGM could be made in the coming days, though plans are still subject to change.

Sep 25, 2026

MGM Resorts International is reportedly considering a takeover bid for Barry Diller's People Incorporated, just one day after People withdrew its own offer to acquire MGM. People Inc. currently holds a significant 27% stake in MGM. Analysts suggest the potential acquisition could allow MGM to execute a large share buyback and acquire People's assets at an attractive valuation, addressing the "conglomerate discount" affecting People's stock.

Sep 25, 2026

Akamai Technologies (AKAM) stock fell 6.78% to $110.41 despite bullish news surrounding an $11.6 billion Anthropic deal and analyst target upgrades. The article highlights a conflict between the daily chart, which shows the stock at a critical decision point near its 200-day EMA, and the hourly chart, which confirms a short-term downtrend. Investors are left with uncertainty as technical weakness clashes with strong fundamental catalysts.

Sep 25, 2026

Barry Diller's company, People Inc., has withdrawn its $18 billion bid, including debt, to acquire MGM Resorts. MGM Resorts operates the MGM National Harbor in Prince George's. This development follows previous reports of MGM National Harbor's operator being in talks to sell and changes to its parking policy.

Sep 24, 2026

MGM Resorts International is reportedly considering a bid to acquire Barry Diller's People Inc, a day after People Inc withdrew its own proposal to buy MGM Resorts. This unusual move would see MGM attempt to buy its largest shareholder, whose stake is nearly equivalent to MGM's market capitalization. People Inc, formerly IAC, owns brands like People and Food & Wine, and built its stake in MGM after identifying the casino operator as undervalued.

Sep 24, 2026

MGM Resorts International is reportedly considering a takeover bid for Barry Diller's People Incorporated, just a day after People Inc. withdrew its own offer to acquire MGM. This potential deal would allow MGM to execute a significant share buyback while gaining People Inc.'s diverse asset portfolio, which includes media properties and other investments. The move comes as both companies are seen to be undervalued relative to their assets, with People Inc.'s stake in MGM almost matching its own market capitalization.

Sep 24, 2026

Penn Entertainment and NASCAR are finally breaking ground on a new 140-room boutique hotel at Hollywood Casino at Kansas Speedway, years after it was initially planned. The hotel, which will be part of the Marriott Bonvoy portfolio, is expected to open in 2028 and fulfills a long-standing obligation from the casino's original development agreement. This announcement coincides with NASCAR's return to the track for the Hollywood Casino 400.

Sep 24, 2026

Caesars Entertainment has launched Remote Roulette in New Jersey, allowing online gamblers to participate in live roulette games streamed from Tropicana Atlantic City. This system, powered by Evolution's Dual Play Roulette technology, connects online players with those on the casino floor, betting on the same physical wheel. The initiative aims to enhance the online casino experience by integrating it more closely with the live casino environment, building on the success of Caesars' iGaming operations in New Jersey.

Sep 24, 2026

Billionaire Barry Diller withdrew his nearly $20 billion bid to take MGM Resorts International private just one day after Caesars Entertainment's buyout was approved. Experts cited the difficult financing environment and Diller's use of debt as major hurdles for the failed acquisition. While MGM's stock saw a significant decline, its workforce is expected to remain stable, and Diller remains a substantial shareholder, suggesting potential future interest.

Sep 24, 2026

Melco Resorts & Entertainment (NASDAQ:MLCO) recently hit a new 52-week low of $4.54, trading below its 50-day and 200-day moving averages. Analyst sentiment is mixed, with an average "Moderate Buy" rating and a $7.27 price target, despite recent downgrades and lowered price targets from several firms. The company met earnings expectations but saw a 5.7% year-over-year revenue decline, and institutional investors hold approximately 39.6% of its stock.

Sep 24, 2026

Caesars Entertainment shareholders have approved a $17.6 billion merger agreement with Fertitta Gaming Holdco, LLC, which will take the casino giant private. The deal involves Fertitta Gaming paying $5.7 billion for Caesars and assuming nearly $12 billion in debt, giving them control over properties like Caesars Palace and the Flamingo. The merger still requires federal antitrust review and includes a daily compensation clause for shareholders if the closing extends beyond June 26, 2027.

Sep 24, 2026

MGM Resorts International shares dropped 10% after Barry Diller's People Inc. withdrew its $48.30-per-share buyout offer for the remaining public shares, causing the stock to be repriced without the takeover premium. Caesars Entertainment, a peer company, remained largely unaffected, indicating the plunge is specific to MGM and not sector-wide. Diller's statement leaves the door open for future strategic alternatives, but MGM's board confirmed it would continue as a standalone company.

Sep 24, 2026

MGM Resorts International's stock plummeted 10% after Barry Diller's People Inc. withdrew its $48.30-per-share buyout offer, removing the takeover premium. Caesars Entertainment remained largely unaffected, indicating the drop was specific to MGM. While Diller left the door open for future strategic alternatives, MGM's board confirmed it would operate as a standalone company.

Sep 24, 2026

This article covers the top midday financial stories, including Oracle's data center delays, People withdrawing its offer for MGM, and Revvity's development of a new diabetes test. All three major US stock indexes were down in late-morning trading due to market uncertainty. The full article content is behind a premium paywall.

Sep 24, 2026

State Street Corp increased its stake in Las Vegas Sands Corp. (NYSE:LVS) by 6.5% in the second quarter, now holding over 15.15 million shares valued at approximately $700.2 million. Despite mixed analyst sentiment with a "Hold" consensus rating and a target price of $59.84, institutional investors collectively own 39.16% of the company. Las Vegas Sands recently reported quarterly earnings that missed analyst expectations for both EPS and revenue, but maintained a quarterly dividend of $0.30 per share.

Sep 24, 2026

State Street Corp increased its stake in MGM Resorts International by 0.8%, purchasing 56,072 additional shares to hold 7.05 million shares, valued at $337 million. Other major institutional investors like Geode Capital and Dimensional Fund Advisors also adjusted their holdings. MGM Resorts recently exceeded earnings and revenue estimates, and analysts maintain a "Moderate Buy" consensus with an average price target of $53.25.

Sep 24, 2026

State Street Corp increased its stake in Wynn Resorts, Limited by 2.6% in the second quarter, acquiring an additional 77,416 shares to hold a total of 3.05 million shares valued at $295.9 million. Institutional investors now own 88.64% of WYNN, and analysts maintain a "Moderate Buy" rating with an average price target of $133.35, despite recent stock weakness. Wynn Resorts reported strong quarterly results, exceeding revenue and earnings estimates, and pays a quarterly dividend.

Sep 24, 2026

A recent 4-3 decision by the Colorado Supreme Court ruled that a snowboarder, John Litterer, forfeited his existing lawsuit against Vail Resorts by signing a subsequent Epic Pass agreement. The agreement included a clause releasing claims for "anything which has happened up to now." This decision highlights the distinction between pre-injury waivers and post-injury releases, meaning that while the ruling doesn't invalidate future lawsuits, it can nullify existing claims if a sufficiently broad release is signed.

Sep 24, 2026

People Incorporated has withdrawn its proposal to acquire all outstanding shares of MGM Resorts International that it does not already own. MGM Resorts' board of directors confirmed the company will continue as a standalone entity, emphasizing its strong position in Las Vegas, regional properties, and international portfolio. People Inc. stated that while they still believe in MGM Resorts' future and remain significant shareholders, the mix for the buyout was not coming together as hoped.

Sep 24, 2026

This article reviews the Q1 earnings for consumer discretionary casino operator stocks, focusing on Bally's (NYSE:BALY) and its peers. While Bally's showed revenue growth, it significantly missed EPS estimates, leading to weak stock performance. Wynn Resorts had the strongest Q1 performance, beating both revenue and EPS estimates.

Sep 24, 2026

PENN Entertainment's latest $195 million investment to relocate its Boomtown Casino & Hotel New Orleans to a landside site, rebranding it as Hollywood Casino New Orleans, is under investor scrutiny. While the company has shown operational improvements, including debt reduction and improved EBITDA, this capital-intensive project, along with an unprofitable digital division, raises questions about its long-term profitability and risk management. The stock's discounted valuation and high short interest suggest market skepticism despite positive financial restructuring.

Sep 24, 2026

Shares of Lixiang Education Holding Co. Ltd. (LXEH) experienced a volatile trading day, spiking premarket before retreating significantly. Despite the price slide, the company boasts a strong balance sheet with substantial cash reserves, though it faces challenges with profitability and market doubt about its future earnings power. Traders are closely watching the $1.50 support level, as LXEH's high volatility makes it a prime candidate for short-term momentum plays when volume returns.

Sep 24, 2026

People Inc. has withdrawn its $18 billion bid to acquire MGM Resorts International after four months of negotiations. The media company, led by Barry Diller, stated that the timing was not right, even though People Inc. holds a significant 27% stake in MGM. MGM's Board Chairman, Paul Salem, emphasized the company's strong position and clear path to increasing shareholder value as a standalone entity.