1. Hedge Fund Investor Urges MGM Resorts to Spin Off Lodging REIT

    Hedge Fund Investor Urges MGM Resorts to Spin Off Lodging REIT

    In a sign that Wall Street investors may once again be ready to place their bets on Las Vegas real estate, activist shareholder Land and Buildings is calling on Paradise, NV-based MGM Resorts International (NYSE: MGM) to split its land holdings and casino portfolio into a separate REIT. Hedge-fund manager and Land and Buildings owner Jonathan Litt said Tuesday that MGM stock is substantially ...

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