MGM Resorts International Message Board

When i broke news of genting few weeks back, lots of people called me nuts..Now you all saw that they invested 200 million in mgm..

"Genting, the Malaysian gaming group, has paid $100m for a 3.2 per cent stake in MGM Mirage"

Not clear on what price Genting bought the shares. Article only mentions KK's $7 price from mid-may secondary. 3.2% for 100mil...but right now I do not know total share count to backout Genting's price...or if they have been buying on the open market this past week. We might see a filing on it by MGM soon.

Either way, very good news as Genting owns a good stake as well as a debt holder. MGM should see nice gap up and maybe with addition news items, a sustained uptrend.

Genting did not have to disclose this information before. Which means out of 124 million additional shares issued, Kirk took 14.5 mil shares and so did Genting which leaves only 90 million additional shares issued.

Highfive, "pustering" is something your ass is gonna be doing tomorrow morning! Besides, they're gonna have to come up with far more than $100 mil to do a hostile takeover..........

Awesome!!!!

yahoo news
http://www.ft.com/cms/s/0/78d5c174-5528-11de-b5d4-00144feabdc0.html?referrer_id=yahoofinance&ft_ref=yahoo1&segid=03058&nclick_check=1