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Entain

2 stories · First covered Jun 2, 2026 · Latest 4h ago
Related: MGM Resorts International 2 loyalty program economics 1 Caesars Entertainment 1 Truist 1 Stifel 1 Barry Diller 1 iGaming 1 Northfield Park 1 People Inc. 1 Digital sportsbook business 1 Gaming and hospitality valuation multiples 1 MGM loyalty program 1
Entain Coverage
MGM Bet $625M That Your Casino Guest Was Already Gone. They Were Right.
Operations
4h ago

MGM Bet $625M That Your Casino Guest Was Already Gone. They Were Right.

BetMGM just posted its first profitable year and returned $270 million to its parents, which means the thesis that casino guests would migrate to their phones wasn't a gamble... it was a forecast. If you're running a property that still thinks the slot floor is the revenue engine, this is the part where the engine moves.

MS
Mike Storm 3 min read · 4h ago
People Inc. Bids $48.30 Per Share for MGM. The Stock Already Trades Above It.
Transactions
Jun 2

People Inc. Bids $48.30 Per Share for MGM. The Stock Already Trades Above It.

Barry Diller's People Inc. offered $18 billion for MGM Resorts, but the market immediately priced the stock past the bid, which tells you everything about what Wall Street thinks this offer is actually worth.

JC
Jordan Chen 2 min read · Jun 2