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    People Incorporated plans $18bn majority takeover of US giant MGM Resorts

    People Incorporated (formerly IAC) has launched an $18 billion bid to acquire a majority stake in MGM Resorts International. This significant move could impact MGM's global operations, including its ownership of iGaming company LeoVegas and the international BetMGM sportsbook.

    Summary based on reporting by SBC News, which retains all rights to its text and images.

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    Aristocrat posts 13% earnings growth for 2025/2026 FY, returns $1.29 billion to shareholders

    Aristocrat posts 13% earnings growth for 2025/2026 FY, returns $1.29 billion to shareholders

    Aristocrat Leisure Limited reported a 13% increase in normalized earnings per share before amortization (EPSA) in constant currency for the 2025/2026 financial year ended September 30, 2026. The Australian gaming company generated normalized net profit after tax and amortization (NPATA) of A$1.58 billion. During the period, Aristocrat returned approximately A$1.9 billion ($1.29 billion) to shareholders through dividends and share buybacks.