Here’s a twist we didn’t see coming: People’s proposed buyout of MGM Resorts fell through. However, recent developments indicate potential takeover talks involving the companies may have completely flipped. In the same week that Barry Diller’s People Inc rescinded an $18 billion offer to acquire the remaining shares in MGM that it does not already own, reports have surfaced that the tables could be turning. Sources close to the matter suggest that MGM may now be considering a takeover bid for People Inc instead. From a market perspective, the rescinded offer and the potential shift in dynamics have proven favourable…

Negotiations regarding a potential MGM takeover have intensified as MGM Resorts International established a special board committee and appointed financial advisers to evaluate a proposal from media mogul Barry Diller. According to reports from the Wall Street Journal, discussions between the casino operator and Dillers firm, People Incorporated, accelerated this month, although sources caution there is no guarantee a final agreement will be reached. The latest developments in the MGM takeover process follow an offer made by Diller on June first. Under that proposal, Diller offered forty-eight dollars and thirty cents per share to acquire the remaining portion of MGM…

An agreement has been reached for an $18 billion Caesars takeover, while MGM Resorts has received a buyout bid all their own! This Week in Gambling, we’re looking at what all of this means for players, rewards programs, and casinos in Las Vegas, Atlantic City, and all points in between! So, do you remember when billionaire Tilman Fertitta wanted to build a new Las Vegas resort right in the middle of the Strip? Well… he don’t have to worry about that no more! The Golden Nugget owner purchased Caesars’ Entertainment for $17.6 billion, and industry experts believe this takeover will…