Recent events
Recent events tied to this brand in public sources.
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2026
MGM Resorts leaves door open to acquiring People Inc. as it explores an offer
The Wall Street Journal reported last week that MGM Resorts International was exploring an offer for People Inc., after People Inc. withdrew its proposal to buy the rest of MGM. Asked at the Global Gaming Expo this week whether MGM was considering buying People Inc., MGM CEO Bill Hornbuckle left open the possibility, saying MGM would continue pursuing what is in the best interest of shareholders and "trying to unlock the value of a company that we think is grossly undervalued."
2026
People Inc. withdraws $48.30-per-share proposal to buy the rest of MGM Resorts International
People Inc. (formerly known as IAC), MGM Resorts International's largest shareholder with roughly 27% of its shares, last week withdrew its $48.30-per-share proposal, first made in June, to buy the rest of MGM. Barry Diller said the "mix" of factors required to complete the transaction had not come together as the company had hoped, but said People Inc. remained interested in a possible strategic transaction with MGM.
2021
MGM Resorts announces sale of Mirage operations to Hard Rock International
MGM Resorts announced that it had sold the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for US$1.08 billion. The deal remained subject to regulatory approval and was expected to close in the second half of 2022; MGM retained the rights to the Mirage name and brand.
2021
VICI Properties agrees to acquire MGM Growth Properties
MGM Growth Properties and its Operating Partnership entered into an agreement with VICI Properties and MGM under which VICI will acquire MGM Growth Properties in a stock-for-stock transaction, subject to closing conditions, regulatory approvals and VICI stockholder approval.
2021
MGM Resorts receives two Adrian Awards
MGM Resorts International received a Gold award for Corporate Social Responsibility and a Bronze award in the Integrated Marketing Campaign category at the 64th annual Adrian Awards.
2021
MGM Resorts completes redemption of MGP operating partnership units
MGM Resorts International announced that it had completed the redemption of approximately 37.1 million operating partnership units in MGM Growth Properties' Operating Partnership for approximately $1.2 billion in cash proceeds. MGM Resorts' ownership in the Operating Partnership fell from 53.0% to 42.1%.
2021
MGM Springfield added to PLAYSTUDIOS rewards platform
PLAYSTUDIOS expanded its partnership with MGM Resorts International by adding MGM Springfield to the playAWARDS catalog. The resort’s offerings became available to players on January 8, with redemptions temporarily limited to eateries operating under state-mandated pandemic guidelines.
2020
Albertsons partners with companies to offer jobs to furloughed employees
Albertsons Cos. announced partnerships with companies to offer part-time jobs to their furloughed employees or employees whose hours were cut. It said it had secured partnerships with 17 companies.
2020
MGM Resorts appoints Bill Hornbuckle acting CEO and Paul Salem board chair
MGM Resorts International announced that Bill Hornbuckle was named acting CEO and president, replacing Jim Murren, and that Paul Salem would replace Murren as chair of the board.
2020
MGM Resorts sued over guest data breach
Morgan & Morgan filed a lawsuit against MGM Resorts over a data breach that reportedly involved details of more than 10.6 million hotel guests. The company had confirmed unauthorized access to a cloud server containing information for some previous guests.
2020
MGM Resorts guest data breach disclosed
Personal details of more than 10.6 million MGM Resorts hotel guests were posted on a hacking forum. MGM Resorts said it had traced the leaked data to unauthorized access to a cloud server discovered the previous summer, and that affected customers had been notified.
2020
MGM Resorts guest data breach exposed information online
Personal information belonging to more than 10.6 million former MGM Resorts hotel guests was leaked on a hacking forum. MGM Resorts said the leaked information came from unauthorized access to a cloud server discovered the previous summer, and said it had strengthened network security.
2020
MGM Resorts announces CEO transition
MGM Resorts International announced that Chairman and CEO Jim Murren would step down before his contract expired and continue in his roles until a successor was appointed. The board formed a committee to conduct the CEO search.
2020
MGM Resorts announces egg and chicken sourcing goals
MGM Resorts International announced plans to expand its responsible sourcing program, setting a goal to source all eggs across its global portfolio from cage-free sources before 2030 and committing to source chickens from Global Animal Partnership-certified suppliers.
2020
MGM Resorts announces partnership with the Las Vegas Raiders
MGM Resorts announced a partnership with the Las Vegas Raiders, becoming the team's official gaming partner and a founding partner of Allegiant Stadium.
2020
MGM Resorts named presenting sponsor of the 2020 Las Vegas MLK Parade
MGM Resorts International announced that it would be the presenting sponsor of the Las Vegas Dr. Martin Luther King, Jr. Parade on Jan. 20, 2020, for the 10th consecutive year.
2019
MGM Resorts completes sale of Circus Circus Las Vegas
MGM Resorts International announced that it had closed the sale of Circus Circus Las Vegas and 37 adjacent acres for $825 million, subject to final purchase price adjustments, to an affiliate of Treasure Island owner Phil Ruffin.
2019
Blackstone Real Estate Income Trust-led venture completes Bellagio real estate acquisition
Blackstone Real Estate Income Trust and MGM Resorts International announced the closing of their previously announced joint venture transaction to acquire Bellagio’s real estate assets for $4.25 billion in a sale-leaseback. MGM Resorts leased the property from the joint venture and continues to manage and operate it.
2019
MGM Resorts cuts 2,040 positions in 2019
MGM Resorts International cut 2,040 positions through September 2019, as part of a cost-cutting effort begun in January that aimed to trim about $150 million a year over two years through labor cutbacks.
2019
MGM Resorts International agrees to $800 million settlement with Las Vegas massacre survivors
MGM Resorts International agreed to an $800 million settlement with more than 4,000 survivors of the 2017 massacre outside the Mandalay Bay casino.