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MGM Raises Its Bet On Atlantic City, Buys Borgata
MGM Resorts International (NYSE: MGM) and its related real estate investment trust MGM Growth Properties (NYSE: MGP) are putting a bigger pile of chips on the future of Atlantic City. The former is to acquire the 50% of Marina District Development Holding Company, owner of the Borgata Hotel Casino & Spa, it doesn't already own. Full investment news article
Third Point, JANA Gain In May; Greenlight Falls 1.9%
Three closely followed hedge funds – David Einhorn’s Greenlight Capital, Barry Rosenstein’s JANA Partners, and Daniel Loeb’s Third Point Partners – have flashed preliminary performance figures for the month of May. read more Full investment news article