Chris Davis acquired 23.8M MGM Resorts International shares worth $808M. That's 4.15% of their equity portfolio (6th largest holding). The investor owns 8.75% of the outstanding MGM Resorts International stock. The investor's estimated purchase price is $964M, resulting in a loss of 16%.
Las Vegas Raiders owner Mark Davis has agreed to purchase the Las Vegas Aces from MGM Resorts International, the WNBA team announced Thursday.