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Home>MGM Resorts stock falls 5% premarket after Mandalay Bay shooting

MGM Resorts stock falls 5% premarket after Mandalay Bay shooting

MGM Resorts stock falls 5% premarket after Mandalay Bay shooting

10/02/2017

By MarketWatch, MarketWatch

At least 50 people dead after shooter reportedly opens fire from casino and hotel's 32nd floor onto outdoor concert below

Shares in MGM Resorts International were on track to open sharply lower Monday in the wake of a mass shooting at the company's Mandalay Bay property in Las Vegas.

MGM's stock (MGM) traded down 5% in premarket action, while rival casino operators Wynn Resorts Ltd. (WYNN) and Las Vegas Sands Corp. (LVS) each fell roughly 1% ahead of the bell.

The selling comes after a gunman opened fire (http://www.marketwatch.com/story/reports-of-dead-injured-after-mass-shooting-at-las-vegas-concert-2017-10-02) on a crowd at an outdoor country-music concert in Las Vegas on Sunday night, leaving at least 50 people dead and more than 200 injured.

The shots came from the 32nd floor of MGM's Mandalay Bay Resort and Casino on the Vegas Strip, said multiple media reports citing authorities. Police have killed the suspected shooter, who fired on the concert grounds below in what's been called a "lone wolf" attack.

"Our thoughts & prayers are with the victims of last night's tragic events," MGM Resorts said in a tweet. "We're grateful for the immediate actions of our first responders."

(https://twitter.com/MGMResortsIntl/status/914785615417241600)

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