NYSE:MGMHospitality
How Investors Are Reacting To MGM (MGM) All-Inclusive Vegas Push And IAC’s Growing Influence
MGM Resorts International recently launched an all-inclusive Las Vegas Strip package at Luxor and Excalibur, bundling a two-night stay, resort fees, six meals per guest, show tickets, Big Apple Coaster rides and parking into a single upfront price starting at US$330 plus tax, with bookings now open for ongoing travel.
At the same time, Barry Diller’s IAC/InterActiveCorp quietly deepened its role as MGM’s largest shareholder, lifting its stake above 23%, which may influence how MGM balances...