It was announced yesterday that MGM Resorts International will buy the remaining 50 percent stake in Borgata that it didn’t already own from Boyd Gaming. This announcement had been anticipated ever since MGM regained a license to operate in Atlantic… Continue Reading
MGM Resorts Creates REIT for Hotels to Help Boost Value
Last week MGM Resorts International announced they will carve out a REIT from their operations to be called MGM Growth Properties. This is the first major Las Vegas strip property owner to clearly give intentions on REIT creation. Caesars has a… Continue Reading
MGM Resorts Activist Renews Spinoff Call After Kerkorian
While public companies should welcome any input from shareholders, since it’s the shareholders who own the company, boards should be cognizant of balancing the interests of all shareholders in proportion to their ownership. In the case of the proposal made by… Continue Reading
The dominoes are falling as MGM is now being pushed publicly by real estate fund manager Land and Buildings to spin off its real estate assets into a real estate investment trust. An MGM REIT would have a dramatic impact on… Continue Reading
MGM Resorts International is based in Las Vegas with shares traded under the symbol “MGM”. The company has a market cap of just over $10 billion and also has a 51% stake in MGM China (which represents the MGM Grand… Continue Reading
MGM once again granted New Jersey gaming license to regain control over stake in Atlantic City’s Borgata Hotel Casino
Las Vegas watchers will be particularly excited about the recent annoucement that Crown Resorts plans to develop the former Last Frontier land on the strip. While Phil Ruffin collects income from Treasure Island, he must watch with some interest how the… Continue Reading
