By The Weekly Edge desk ·
iGaming Business reported that MGM Resorts MGM · USD 28.60 2026-10-16 Data continued considering an $18bn takeover proposal from Barry Diller. The operator also reported record Q2 revenue.
MGM is assessing a takeover proposal alongside its quarterly trading results.
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People Inc.’s withdrawal ends its proposed $18bn acquisition of all publicly held MGM shares.
MGM Resorts retains its independence after People Inc withdrew its proposal to acquire the remaining publicly held shares.
The agreements impose payments on MGM Resorts International and CountR for licensing breaches in Pennsylvania.
MGM's late licensing application drew a $50,250 penalty, while CountR agreed a $50,000 settlement over licensing violations.
MGM’s $50,250 penalty highlights the financial consequences of a late principal licensing application.
The proposed change of control would encompass MGM and its international online gambling interests.