island resort and casino coral reefMGM Resorts CEO Jim Murren announced in a brief statement yesterday the formation of an ad-hoc Board committee that will review the casino company’s real estate holdings and report back with recommendations on the assets. This would require a measure to amend the amendment which would have to be approved by two thirds of the state legislature, an option Houston believes is worth exploring.It’s allowed such activist investors to take large positions.Mario Gabelli, who runs GAMCO Investors, an investment and brokerage services firm, said this week that MGM’s current trading price is “very attractive.”The billionaire said on CNBC’s Halftime Report Wednesday that investors should “put a bet on it.”Icahn has also recently made a substantial play in the gaming industry. foxwoods resort casino new hampshireThe company will announce its Q4 and full-year 2018 earnings on February 13.Activist InvestorsMeister was appointed to the MGM Board of Directors just last week. (Image: Chase Stevens/Las Vegas Review-Journal)Murren explained that MGM Board members John Kilroy, Keith Meister, and Paul Salem will serve on the committee. According to filings with the US Securities and Exchange Commission, Corvex owns a little more than 3.9 million MGM shares.Corvex isn’t the only hedge fund in on the MGM game.HG Vora Capital has 6.5 million shares, which is a nearly five percent stake in the company. black bear casino addreb

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