Casino Share Buyback
The casino operator had originally announced plans to repurchase shares on Feb. 13 but then lowered the price. This creates an opportunity for MGM to buy more stock than expected and could lead to a favorable return for the casino operator, analysts said, according to the Las Vegas Review. Dec 14, 2020 A share buyback occurs when a company purchases some of its shares in the open market and retires these outstanding shares. This can be a great thing for shareholders because after the share. As the coronavirus pandemic wreaks havoc on travel and the U.S. Tourism industry pleads for public help, one of the world’s largest timeshare companies plans to use the opportunity to buy back more.
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