All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live

Barry Diller's aggressive accumulation

Billionaire Barry Diller owns 26% of MGM (representing 80% of his NAV) and recently bid $48/share, signaling severe undervaluation and putting the company firmly in play as a financial buyer seeking to capture asymmetric upside.

Osaka license worth $50 per share

MGM owns 40% of the only licensed Japanese casino opening in 2030 in Osaka, located closer to Shanghai and Beijing than Macau, offering exposure to a $40 billion gambling market that dwarfs Vegas.

Free Dubai optionality

MGM's Dubai property contains 300,000 square feet of预留 casino space, creating a free call option worth an additional $40-50/share if the UAE legalizes gambling, particularly once Wynn opens a nearby property in 2026.

Extreme capital discipline

Management has repurchased 50% of the company's float over six years, creating a tight supply dynamic that amplifies the impact of Diller's accumulation and any potential bidding war.

Replacement cost disparity

Talon Energy trades at a $25 billion enterprise value versus $45 billion replacement cost for its 2GW nuclear and 6GW natural gas fleet, implying equity upside of more than 100% just to reach replacement value.

AI-driven demand acceleration

Data centers function as 'electricity refineries' converting power to intelligence; Nvidia's Jensen Huang projects 1000x power demand growth, ensuring tight markets for decades regardless of short-term efficiency gains.

Sam Zell playbook execution

Following the strategy of buying hard assets below replacement cost during technological transitions, Talon offers exposure to the post-efficiency power demand spike driven by AI, reshoring, and electrification.

Supply chain bottleneck advantage

Competition for critical minerals like nickel superalloys and silver between power plants, data centers, and aerospace will delay new capacity for years, entrenching value in existing generation assets.

Maximum risk-on positioning

Speakers advocate aggressive risk-taking as bipartisan support for nuclear and infrastructure spending, combined with China's 3x power generation advantage, creates a mandatory US buildout cycle.

Catalyst timing for Japan

Casino assets historically re-rate approximately three years before opening, positioning MGM's 2030 Osaka property for immediate appreciation as markets recognize the value ahead of the 2027-2028 window.