MGM Resorts International to Continue as Standalone Company
MGM Resorts International confirmed that People Incorporated has withdrawn its proposal to acquire the company. The company will continue to operate as a standalone entity.
Las Vegas, NV – MGM Resorts International (NYSE: MGM) confirmed on September 23, 2026, that People Incorporated has withdrawn its June 1, 2026, proposal to acquire the company's outstanding shares not already owned by People Incorporated. The company's Board of Directors has been engaged in negotiations with People Incorporated over several months to advance shareholder interests.
MGM Resorts will continue as a standalone company. Paul Salem, Chairman of the MGM Resorts Board, stated that the company's leading position in Las Vegas, its regional properties, and the momentum of BetMGM underscore its value to shareholders. He also highlighted the international portfolio and the significant opportunity with MGM Osaka as a clear path to increasing shareholder value.
MGM Resorts International is a global gaming and entertainment company operating hotels, casinos, meeting spaces, live entertainment, and a wide array of dining and retail offerings. The company has 30 unique hotel and gaming destinations globally.
Its 50/50 joint venture, BetMGM, offers sports betting and online gaming in North America. MGM Resorts is also pursuing targeted expansion in Asia through an integrated resort development in Osaka, Japan. The company emphasizes its commitment to a sustainable future and making a difference in the lives of its employees, guests, and communities.