Investors step in at casino operator MGM

With MGM Resorts shares falling in a sell-off, senior executives at the company are stepping in to buy up shares.

Paul Salem, the chairman, has purchased 340,000 at $11.54 each, CEO Bill Hornbuckle has taken 41,300 at $12.01 each, COO Corey Sanders has taken 24,991 at $12.02 and fellow director Mary Jammet has bought 1,550 at $12.

Investor Corvex has bought another 500,000 at $11.33 through a trading plan, reports Fantini’s Gaming Report, and now has 21.4bn shares.