MGM Resorts International (MGM): A Bull Case Theory

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This article summarizes a bullish thesis on MGM Resorts International (MGM), highlighting multiple near- and long-term catalysts for growth. Key drivers include aggressive share buybacks, BetMGM’s profitability and cash distributions, the Northfield Park sale, stabilization of Las Vegas Strip operations, and the future Osaka integrated resort. The company is projected to trade at approximately 7x Owner Earnings and has a bullish target of up to $46 per share.

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