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Tag: Gaming Stocks
MGM Resorts ($MGM): Keith Meister Bets $51.7M as Macau Hits Records & Valuation Compresses 🎰
🎰 MGM Resorts ($MGM) is attracting serious attention. Activist investor Keith Meister reportedly purchased $51.74 million in shares, while major shareholder People Inc. acquired another $37.22 million earlier in 2026. Macau is setting revenue records, valuation multiples have compressed, and Barry Diller's withdrawn takeover proposal adds another twist. But softer Las Vegas earnings and substantial financial obligations complicate the story. FunStock Index™: 7.75/10.
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