MGM CEO: 'We Crushed It' on Growth Properties IPO

The video discusses the IPO and the strategic decision to separate real estate from operations, forming a REIT. This move was influenced by shareholder pressure and the success of similar strategies by other companies. The REIT formation led to significant financial benefits, including high demand and substantial funds for MGM. These funds are being reinvested in projects and debt reduction, enhancing MGM's market position and growth potential. The video also explores the attractiveness of REIT equity and MGM's strategy to leverage its assets in a recovering market.

What was the primary reason for separating real estate from operations in the IPO strategy?

• To increase shareholder pressure

• To create a new asset class

• To merge with Penn National Gaming

• To reduce gaming operations

How much demand did MGM's REIT strategy generate compared to the initial target?

• $15 billion

• $5 billion

• $1 billion

• $11 billion

What are some of the projects MGM is reinvesting in with the funds from the REIT?

• Building a new casino in New York

• Launching a new online gaming platform

• Developing National Harbor in Washington DC

• Expanding operations in Europe

What is one of the benefits of the REIT strategy for MGM's stock?

• It is undervalued

• It is highly volatile

• It has no impact

• It is overvalued

What percentage of dividends from the REIT does MGM receive?

• 80%

• 73%

• 60%

• 50%