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Actionable news in MGM: MGM RESORTS INTERNATIONAL,

MGM Resorts (MGM) Stock Falls, Announces Plan for MGM Growth Properties IPO

NEW YORK (TheStreet) -- MGM Resorts (MGM - Get Report) stock is declining 2.02% to $20.34 in early-afternoon trading on Thursday after its real estate investment trust, MGM Growth Properties, announced plans for an initial public offering in an SEC filing.

Although MGM shares are down this afternoon, Gabelli analyst Adam Trivison nonetheless recommends the company "as one on the most compelling stocks in our gaming coverage," Barron's reports.

Its planned REIT IPO will allow MGM to refinance high-cost debt and take advantage of...


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