CreditSights: MGM Resorts voting agreement with People Inc poses some event risk to MGM China

A newly amended voting agreement between US casino giant MGM Resorts International and its largest shareholder People Inc has left its Macau subsidiary MGM China exposed to lingering event risk, despite the recent collapse of takeover discussions between the two parties, according to financial research firm CreditSights. While the agreement effectively ends the prospect of a People Inc-led acquisition, CreditSights believes its provisions could make it easier for MGM Resorts to pursue a change of control transaction with another party.