MGM Resorts announces new $2B share buyback plan

• 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 capacity under this repurchase plan prior to effecting any repurchases under the new program.
• MGM +1.55% AH

Comments

[Faustina2]

Onward....cash in hand....

[unan2010]

How about giving some dividends to your shareholders after cutting the dividend down to a penny during the pandemic.

[BlueGreenValue]

@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!"

[jpsgaspar]

IAC will soon own the entire company at this rate