Eighteen analysts just nudged MGM's price target to $47.50 while Barry Diller's company is offering $48.30 to buy the whole thing. If you're running technology at an MGM property, the real question isn't the stock price... it's what happens to your systems when ownership changes.
People Inc. is offering $18 billion for MGM while Fertitta is taking Caesars private for $17.6 billion, and both deals are built on the same thesis: public markets have been punishing these companies for years while the buildings kept printing money. If you operate a hotel inside either portfolio, the math behind your management contract is about to get very different.
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