TLDR CreditSights says MGM China faces “event risk” if control of parent MGM Resorts changes hands. MGM Resorts and People Inc. amended a voting agreement that could make a third-party takeover easier. People Inc. controls about 26% of MGM Resorts shares and will now vote with the board on a change-of-control deal. CreditSights pointed to MGM China’s stronger market share and low leverage as a possible draw for buyers. MGM Resorts says it is not in deal talks with People Inc. or any other buyer.
MGM China could become a key part of any future sale of MGM Resorts International, according to research firm CreditSights. The firm said the Macau operator faces “event risk” if control of its parent company changes hands.
The comments follow a change to a voting agreement between MGM Resorts and People Inc., the media company led by Barry Diller. The revised deal could make it easier for the casino company to accept a takeover offer from a third party.
MGM Resorts, based in Las Vegas, owns 56% of MGM China. MGM China runs two casino resorts in Macau, MGM Cotai and MGM Macau.
The revised accord makes it easier for the casino company to accept a takeover from a third party that isn’t People@ETFGodfatherhttps://t.co/GShu6XF81Z
— Casino.org (@Casino_Org) November 2, 2026
What Changed in the Voting Agreement
People Inc. controls about 26% of MGM Resorts shares. Under the amended agreement, it will vote those shares “in accordance with the Board’s recommendation in connection with a change-of-control transaction.”
That is a shift from Diller’s earlier position. After People Inc. disclosed an $18 billion takeover bid for MGM Resorts, Diller said he would oppose bids from other parties.
The new terms could simplify a future sale of the casino operator. A buyer