Weekly Casino Notes: MGM's Stock Price Surges As REIT Proposal Gains Momentum

The past week was eventful for casino operators, especially MGM Resorts, as an investment management group stated that MGM's stock price could double if it were to spin off its real estate assets into a real estate investment trust. Looking at Macau, its economy shrank by a whopping 17% in the fourth quarter of 2014, reflecting weakness in the casino industry. Other casino stocks, Wynn and Las Vegas Sands also gained momentum in later half of the week following some of the analyst upgrades on th...