Hedge Fund News From HedgeCo.Net

MGM Could Be Forced To Exit Huge Market As Hedge Fund Places $500 Million Bet

(Investors.com) MGM Resorts International (MGM) stock rose on news that Starboard Value has built a $500 million position, which the activist investor could use to force the sale of the casino giant’s properties in Macau. Starboard is said to be pushing for changes, including an exit from China’s only legal gambling hub…

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