MGM Resorts Stocks Surge Amid Barry Diller Takeover Talks
MGM Resorts stock has risen in pre-market trading after a news report on Friday suggested the casino operator remains locked in takeover talks with media billionaire Barry Diller.
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MGM Resorts stock has risen in pre-market trading after a news report on Friday suggested the casino operator remains locked in takeover talks with media billionaire Barry Diller.
The S&P 500 Index ended its eight-week winning streak and plunged over 2.59% last week amid the crash on Friday. Meanwhile, gaming stocks, which have consistently underperformed broader markets this year, bucked last week’s sell-off, and the Roundhill Sports Betting & iGaming ETF gained almost 1%.
Vital Vegas reports that MGM Resorts' remaining buffets in Las Vegas will be closed by Q2 2027, impacting Excalibur, Bellagio, and Wicked Spoon at Cosmopolitan.