I am hearing some rumors being reported today after seeing a spike in chatter within the gaming community on today. I have not seen the third-party game tracking tools show this much rumor in a long time. I will say the tracking tools are way more heated than the chatter I am seeing, so something might be off here. Again, I saw some initial chatter from within the gaming forums and on this site starting on today.  Now, I decided to cover it on everyday even if the chatter was not at the levels that would warrant me posting something.
To be clear, Wendgames' radar has not confirmed any release is officially going on.
Mod, cheat or hack tracking tools:
Let's start with what the tools are showing:
Bila sensor:

Souma sensor:

So most of these tools are incredibly heated, signaling that they are showing available mod, hack or cheat for the game.
Wendgames chatter:
Here is some of the chatter from various comments on this site and facebook groups since the release:

Holy shit this is the biggest gaming news of the year

I surprisingly knew about this game's existence before this!

From someone who actually played it, it's fine, just a pretty average  game. Unless you're chomping at the bit for new experiences, if it looks interesting to you just play the first one.

Let's make a little summary for the game:
GAME INFO
Name of Game: MGM Slots Live – Vegas Casino
Version: 2.58.22496

Name of the cheat, mod, hint, tip or hack:
-Unlimited Money
-Mod Menu
-Money increases instead of decreasing
-Massive attack
-God mode
-Free Purchases
-Free Shopping
-Enemy does not attack
-Weak enemies
-Unlimited coins/hearts/gold/gems
-Dumb Enemies
-Free Store
-Stats Boosted
-Mega Mod
-High damage/No Shake No Recoil
-mod rewards
-Damage & defense multiplier
-Game speed multiplier
-Unlimited Ammo/no reload/No Recoil
-radar hack/Infinite money
-Unlocked/all levels unlocked

Game description:
Welcome to the new MGM Casino Experience – the ultimate Vegas Casino experience! Bringing you the most exciting shows of Vegas and the ONLY live slots tournament app!

The Official MGM Partner, MGM Slots Live presents the biggest Live 3D Shows, Tournaments, and Casino Games. The only app to offer the greatest Las Vegas shows and free slot games in genuine MGM Casinos. We bring the excitement of Vegas Casinos straight to your phone ! Wherever you are in the world, experience the energy of a genuine MGM Resort Casino surrounded by action, mega slot variety, jackpots, and thousands of other players. Enter the casino now to spin and collect big rewards!

Reasons to play MGM Slots Live – Free 3D Casino Slot Games:

● Official MGM Partners, featuring MGM Grand, Bellagio, Luxor, Mandalay Bay, Mirage, Aria, and more.
● Huge Variety with all your favorite MGM Casino Slots and Shows, including ‘Back to Emerald City’, ‘Cleopatra’, ‘WinZone’, ‘Bingo Hit’, ‘Fired Up 777’, ‘Wild Trip in Wonderland’ and many more of your favorite free slot machine games.
● Exclusive Live Online Casino Slot Tournaments that you can’t discover anywhere else.
● New Games and New Shows added all the time to make your free slots casino games experience even better.
● Win Big. Spin and play to get huge daily jackpots and bonuses.
● Real Rewards. Play for free to collect loyalty points and redeem them for real rewards, prizes, and surprises to use in real-life.
● Experience the Real Las Vegas. Play online games in real MGM Casinos on the Vegas Strip including the MGM Grand, Luxor, Mandalay Bay, Mirage, and Bellagio.
● Get Social. Live Casino Tournaments playing directly against over 30 players. Invite and play with your friends.
● Backstage Access lets you arrive in glamorous style for the biggest real casino Vegas shows.

MGM Slots Live offers the most unique bonuses compared to other free online slots games. Play our casino games for free to collect daily bonuses, accumulate loyalty points, and redeem real rewards to use in real casinos. The more you play, the more you spin, the more you win!

Need more reasons to play MGM Slots Live Tournament casino games?
🎉 Totally FREE Social Casino Games!
🎉 Real MGM Casino Slots’ Tournaments!
🎉 Mega Progressive Jackpots!
🎉 MGM Casino Inspired Tournaments and Official MGM Slot Machines!
🎉 New Slots Machines are Introduced Regularly!
🎉 Exciting 777 Vegas Casino Games!
🎉 Different Casino Events & Quests Every Day!
🎉 Free Chips Bonuses Every Two Hours & Daily bonus!
🎉 Meet Thousands of Casino Players from Around the World!
🎉 Invite friends via Facebook and Win Slots Freebies!
🎉 Customize your Avatar to Show Your Casino Friends Your Unique Personality – Get Backstage and Visit the Casino Floors in Style!

Download now to experience the biggest free 3D casino tournaments today and climb the leaderboard to become the ultimate slot superstar!

📝 Additional Information:
🚫MGM Slots Live is intended for individuals 18 years and older.
🚫MGM Slots Live does not offer real money gambling.
🚫 PLAYSTUDIOS, the developer of MGM Slots Live, is not affiliated in any direct or indirect way with any real-money gambling operations on other domains.
🚫 Virtual chips used in MGM Slots Live have no real-world value and cannot be redeemed for anything of value.
🚫 Playing free-to-play slots games does not imply future success at real money gambling.
👌 In-app purchases are available.
👌 PLAYSTUDIOS, the developer of MGM Slots Live, is a member of the International Social Games Association (“ISGA”) and has adopted its “Best Practice Principles.” See more about the ISGA at www.i-sga.org. For information, guidance, tips, and advice on social gaming, visit “Smart Social Gamers” at www.smartsocialgamers.org.

MGM Slots Live – Vegas Casino MOD APK Version 2.58.22496

Manual Steps:
1. Install Modded APK
2. Play

Download Now
In any case, the best mod, cheat or hack for now comes down to these tips:

1. The first cheat or exploit is to not skip the tutorial, even if you're an advanced player and this is your second, third, or fourth alt account. The beginner's tutorial gives you lots of free stuff and rewards, which are some of the most valuable items in the game.
2. Keep watching the ads and collecting more and more daily currency rewards.
3. Play daily events for more chances to get better currency.
4. Practicing to get better time in PVE or offline mode.
5. Don't skip any unleashed events.
6. Use ad packs from the store to get currency. And free packs can be obtained every certain number of hours.
7. Watch YouTube or Twitch videos: gamer's gameplay style and tutorials.
8. Play against many different opponents with many different gameplay styles.
9. Join the game community on Discord, Reddit, Facebook, or other social media platforms where you can share your gaming experience.
10. Are you a competitive online mobile gamer? The secret to becoming a top mobile gamer is to first have at least a medium-range phone or a top-of-the-line phone. Without a good device, you will never be a good gamer. Next, you need a superfast internet connection. If you want to do exploits against other gamers online in real time, you need incredible internet connectivity, or else lag will become your best friend when your ping goes up to over 300 ms. And finally, you need to be me, Wendgames, the greatest mobile gamer the world has ever seen. If anyone else tells you anything else, they're lying. Skills only come through persistence with great devices and fast connectivity to react appropriately against enemy players.