Somebody is really confused. LVS has climbed 25000 dollars per thousand shares since August. MGM is not a bad investment but it has not demonstrated it is ready to uptick for several more quarters due to the screwing they gave investors by insiders dumping there positions with last ipo. For MGM to move forward, they will have to generate some profits like LVS has before they will get more support.
So if you look at LVS reported numbers. Singapore went nuts, Macau was good while Vegas EBITDA dropped from last quarter .
Why would someone would want to drop LVS to pick up MGM is beyond me.