MGM Resorts International filed Amendment No. 1 to its Schedule 13D with the SEC on November 6, 2026, disclosing updated beneficial ownership of PLAYSTUDIOS, Inc. Class A Common Stock following the issuer's 1-for-10 reverse stock split effective September 30, 2026.

Key Highlights

  • Reverse stock split adjusted stake: After giving effect to the 1-for-10 reverse stock split, MGM Resorts beneficially owns 1,664,712 shares of PLAYSTUDIOS Class A Common Stock.
  • Ownership percentage: The 1,664,712 shares represent 16.4% of Class A Common Stock outstanding, based on 10,156,328 shares outstanding as of October 31, 2026.
  • Combined voting power: Those shares represent 3.9% of the combined voting power of Class A and Class B Common Stock outstanding as of October 31, 2026.
  • Earnout extinguished: The earnout period expired on June 21, 2026, without the applicable share price targets being achieved, and the company's contingent obligation to issue Earnout Shares was extinguished.
  • CUSIP number changed: In connection with the reverse stock split, the CUSIP number of the Class A Common Stock changed from 72815G108 to 72815G306.
  • Sole voting and dispositive power: MGM Resorts reported sole voting power and sole dispositive power of 1,664,712 shares, with no shared voting or dispositive power.

MGM Resorts Reflects Post-Split Position in PLAYSTUDIOS Filing

According to the filing, MGM Resorts International submitted Amendment No. 1 to its Schedule 13D, which was originally filed on July 1, 2021, to reflect changes arising from PLAYSTUDIOS, Inc.'s 1-for-10 reverse stock split of its Class A Common Stock and Class B Common Stock. The reverse stock split became effective September 30, 2026, as disclosed in the PLAYSTUDIOS Form 10-Q filed with the SEC on November 5, 2026. The filing states that the share counts reported therein give effect to that split and that the CUSIP number changed from 72815G108 to 72815G306 as a result.

The filing reports that MGM Resorts, a Delaware corporation with its principal offices at 3600 Las Vegas Boulevard South, Las Vegas, Nevada 89109, beneficially owns 1,664,712 shares of PLAYSTUDIOS Class A Common Stock with sole voting and sole dispositive power over all such shares. Based on 10,156,328 shares of Class A Common Stock outstanding as of October 31, 2026, this represents 16.4% of that class. The filing further states that, based on 10,156,328 shares of Class A Common Stock and 1,645,776 shares of Class B Common Stock outstanding as of October 31, 2026, the 1,664,712 Class A shares represent 3.9% of combined voting power. The filing notes that Class A stockholders hold one vote per share while Class B stockholders hold twenty votes per share.

The filing also discloses that the earnout arrangement previously described in the original Schedule 13D expired on June 21, 2026, without the applicable share price targets being met. As a result, the filing states, MGM Resorts did not receive any shares of Class A Common Stock in connection with the earnout, and the company's contingent obligation to issue those Earnout Shares was extinguished. Additionally, the filing notes that William (Bill) J. Hornbuckle, Chief Executive Officer and President of MGM Resorts, ceased serving as a member of the PLAYSTUDIOS board of directors on December 20, 2021.

What Was Disclosed

MGM Resorts filed Amendment No. 1 to its Schedule 13D for PLAYSTUDIOS, Inc. (NASDAQ:MYPS) to update its reported beneficial ownership of 1,664,712 Class A shares (16.4% of class) following the issuer's 1-for-10 reverse stock split effective September 30, 2026, and to confirm the expiration and extinguishment of the prior earnout arrangement.