MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
Published: 2026-09-30 • Permanent link
Speculation surrounding the potential takeover of MGM Resorts International by People Inc. continues to swirl, with the casino giant's CEO, Bill Hornbuckle, leaving the door open to a bid. According to CNBC, Hornbuckle stated that MGM is "open to exploring all strategic options" and would consider a deal with People Inc. if it benefits the company. The news sent MGM's shares surging 12% higher, while People Inc.'s stock rose 5% in response.
The implications of a People Inc. takeover are far-reaching, with analysts predicting a potential shake-up in the gaming industry. Investors are eagerly watching the situation, as a successful bid could lead to significant cost savings and improved efficiency for MGM. On the other hand, a failed takeover attempt could result in a sharp decline in MGM's stock price, leading to job losses and economic disruption.
Since MGM's bankruptcy filing in 2020, the company has undergone significant restructuring efforts, including the sale of several assets and a major overhaul of its leadership. Despite these efforts, MGM still faces significant challenges in the highly competitive gaming industry. Experts point to the rise of online gaming and changing consumer preferences as major drivers of this shift.
As the takeover saga continues to unfold, several key catalysts will be watching closely. MGM's quarterly earnings report, scheduled for release next week, is expected to provide further insight into the company's financial health and potential for a takeover. Additionally, People Inc.'s CEO, Matt Maddox, is set to meet with MGM's board of directors in the coming weeks to discuss the possibility of a deal.
The implications of a People Inc. takeover are far-reaching, with analysts predicting a potential shake-up in the gaming industry. Investors are eagerly watching the situation, as a successful bid could lead to significant cost savings and improved efficiency for MGM. On the other hand, a failed tak
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