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Trader reveals what he did with MGM stock amidst regulatory crackdown in Macau

Trader reveals what he did with MGM stock amidst regulatory crackdown in Macau

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Shares of MGM Resorts International (NYSE: MGM) lost another 5.0% on Wednesday as Macau opened a 45-day review of its casino industry with expectations of stiffer regulations ahead. Wells Fargo’s Politzer sees an over 35% upside in MGM Amidst the sell-off, however, Wells Fargo’s Daniel Politzer sees an opportunity to “buy the dip”.

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