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Market Movers

MGM Resorts

April 14, 2011

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The bettors on Wall Street had no trouble piling into MGM Resorts International yesterday; the stock rallied 8.6 percent for the biggest gain in the Russell 1000 index. The casino company, founded by billionaire Kirk Kerkorian, has reported that it will gain control over its joint venture in Macau through various steps including an initial public offering of some shares held by partner Pansy Ho.