MGM Is Out of New York Casino Competition. Here's Why it May Be Good for the Stock.

By Yahoo! Finance   |   1 month ago
MGM Is Out of New York Casino Competition. Here's Why it May Be Good for the Stock.

MGM Resorts International surprisingly withdrew from the New York City casino license race despite high prospects. The decision to save $2.8 billion on the license process could be redirected towards other financial strategies like debt reduction or share buybacks.

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