Old news but relevant
Soros purchased $42 million dollars worth of puts on MGM (holding company of Mandaly Bay Casino) makes $70million on trade.
https://www.sec.gov/Archives/edgar/data/1029160/000114036117031995/0001140361-17-031995-index.htm
MGM’s CEO, James Murren, divested himself of 80% of the shares he owned in his own company in the days before the ex-dividend date on September 8th, 2017.
September 5th, 2017, the board of MGM Resorts International decided to approve a $1 billion stock
repo.
http://archive.is/drYgc
Why would you sell your shares right before
your company is going to offer to buyback
outstanding shares (thus increasing the value of
current shares by limiting the supply?)
Fuck them.
Fuck Vegas
Fuck MGM
THey all need to hang.