(Reuters) - Shares of MGM Mirage jumped 14 percent in extended trading on Monday after Kerkorian's Tracinda Corp. said it would explore options for its majority stake in MGM and enter talks to purchase the casino company's Bellagio Hotel and City Centre properties.
"That's certainly going to spark debate about valuations in the gaming-hotel-casino complex," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That will open floodgates for other interesting possibilities."
Read more at Reuters.com Business News
"That's certainly going to spark debate about valuations in the gaming-hotel-casino complex," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That will open floodgates for other interesting possibilities."
Read more at Reuters.com Business News
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