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Actionable news in MGM: MGM RESORTS INTERNATIONAL,

Here's Why MGM Resorts (MGM) Stock Is Up Today

NEW YORK (TheStreet) -- MGM Resorts (MGM - Get Report) stock is climbing by 2.58% to $22.23 in early-afternoon trading on Friday, as the company's real estate investment trust MGM Growth Properties will offer 50 million Class A shares to the public at a price between $18 and $21 per share.

This could generate up to $1.2 billion for the REIT.

MGM Growth will put the proceeds toward paying down debt, according to a regulatory filing, the Wall Street Journal reports. It plans to expand by purchasing competing properties and targeting other types of real-estate assets within the entertainment, hospitality and leisure...


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