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scarlet pearl casino compsHaving been welcomed by local leaders, the proposal is awaiting approval from the Arkansas Racing Commission.This would require a measure to amend the amendment which would have to be approved by two thirds of the state legislature, an option Houston believes is worth exploring.5 million shares, which is a nearly five percent stake in the company.Mario Gabelli, who runs GAMCO Investors, an investment and brokerage services firm, said this week that MGM’s current trading price is “very attractive.5 million shares, which is a nearly five percent stake in the company.”Icahn has also recently made a substantial play in the gaming industry.harrah s cherokee casino gambling age