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mgm grand casino floor(Image: Resorts World Las Vegas)The property’s 100,000-square-foot LED façade on the West Tower is impossible to miss.Immediate PayoffThe 13F filing doesn’t indicate exactly when the hedge fund purchased Caesars stock.3 billion earlier this year.electronic casino slot machineUnusual Choice for Third PointWhile gaming stocks are hedge fund favorites, Third Point, which has approximately billion in assets under managemglendale az desert diamond casinoent, isn’t a frequent investor in the industry.41 million shares, according to Guru Focus data.Carl Icahn’s Icahn Enterprises, which was one of the architects of the Caesars/Eldorado merger, no longer owns a position in the gaming company, according to its latest 13F.mgm grand casino biloxi mibibippi

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peppermill casino foodUnusual Choice for Third PointWhile gaming stocks are hedge fund favorites, Third Point, which has approximately billion in assets under managemglendale az desert diamond casinoent, isn’t a frequent investor in the industry.06 million, according to a Form 13F filing with the Securities and Exchange Commission (SEC) released Friday.Resorts World Las Vegas’ presence is already known, as the Strip structure standing at 57 stories makes it the second- tallest building in the city.BlackRock is the biggest at 20.Still, the one million shares are enough to put Loeb’s firm in a tie for ninth with Caas Capital Management among the largest Caesars investors.The New York-based money manager added one million shares of the gaming giant during the third quarter in a position valued at .online gambling in nyc

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