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MGM Resorts announces new $2B share buyback plan

Mar. 02, 2022 4:27 PM ETMGM Resorts International (MGM)By: Preeti Singh, SA News Editor4 Comments
  • MGM Resorts International (NYSE:MGM) has announced a new $2B share repurchase program.
  • The company has purchased 60M shares, representing $2.5B, as part of its existing $3B repurchase plan authorized in Feb. 2020. As of Mar. 01, 2022, it had $524.6M remaining under this repurchase plan. MGM plans to utilize the remaining

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Comments (4)

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Onward....cash in hand....
How about giving some dividends to your shareholders after cutting the dividend down to a penny during the pandemic.
@unan2010 Exactly. When the VICI deal closes they will receive $4B+ in cash and eliminate $5B+ in debt. As Sheldon used to say, "YAY Dividends!"
IAC will soon own the entire company at this rate

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